of Paulson & Co. was the superlative investor. In 2012 his
new buys had the highest average gain, 652.47% over six months,
and the highest average return, 364.4% over 12 months, according
to the GuruFocus
Score Board of Gurus
. The phenomenal hedge fund founder is very well-known for his
returns on gold and for betting against mortgages in 2008,
returning up to 600%. But last month, when gold dropped to its
lowest point in 33 years, Paulson's Gold Fund watched as the $500
million glow dimmed by 27%. According to Bloomberg, Paulson &
Company's assets have decreased more than 50% from $38 billion in
2011. The GuruFocus update shows the Paulson portfolio with 86
stocks and a total value of $16.26 billion as of May 1, 2013.
Paulson's top three holdings show that Paulson is still stubborn
for gold, but Sprint Inc. (
) is the real bright spot:
No. 1: SPDR Gold Trust (
), Weighting: 21.7% Shares Owned: 21,837,552, Value: $3.5
continues to hold over 21 million shares of GLD at an average
cost of $54 per share for a gain of 164% since he first bought in
first quarter of 2009.
Down 8% over 12 months, SPDR Gold Trust (
) has a market cap of $64.83 billion; its shares were traded at
Here are the GLD price changes over 10 years:
GLD data by GuruFocus.com
His holding history:
No. 2: Anglogold Ashanti Limited (
), Weighting: 5.4%, Shares Owned: 28,203,999, Value: $8.8
Paulson & Company has also held AU since first quarter of
2009. His average cost per 31,239.099 shares is $34 per share,
for a loss of 44%.
Down 41% over 12 months, AngloGold Ashanti Limited (
) has a market cap of $7.6 billion; its shares were traded around
$19.25 with a P/E ratio of 11.0 and a P/S ratio of 1.30. The
dividend yield of Anglogold Ashanti Limited stocks is 1.70%.
AngloGold Ashanti Limited's fourth quarter 2012 report shows gold
production of 3.944 million ounces, which generated $6.35 billion
in gold income. Production was lower than expected due to worker
strikes. The company had adjusted headline earnings of $924
billion, which would have been $1.13 billion without the strike
impact, and EBITDA of $2.4 billion, which would have been around
$2.7 billion without the strike impact, dropped from $3.01
billion in 2011.
AU paid a quarterly dividend of 50 South African rand per share
($0.06 USD per share). The full year dividend was 300 South
African rand per share. As of Dec. 31, 2012, AngloGold Ashanti's
ore reserve totaled 74.1 million ounces.
The company expects two capital projects will remain on schedule
at Tropicana and Kibali where first production of gold is
expected before 2013 year-end.
Also, the company just hired a new CEO, Srinivasan
Venkatakrishnan, who hopes to be effective in handling the
conflict between unions, mines and workers.
AngloGold Ashanti is a global gold mining company and the world's
third largest gold producer. Headquartered in Johannesburg, South
Africa, AngloGold Ashanti has 20 operations on four continents
and one of the gold industry's most successful exploration teams
which work across both the established and new gold producing
regions of the world, including Colombia, Guinea and Australia,
The GuruFocus Interactive Valuation feature tells the AU story
over 10 years:
AU data by GuruFocus.com
No. 3: Sprint Nextel Corp (
), Weighting: 4.5%, Shares Owned: 127,693,000, Value: $7.2
John Paulson, Paulson & Company, also holds 127,693,000
million shares at an average cost of $6 per share for a gain of
22% since he first bought in fourth quarter of 2009.
Up 205% in 12 months, Sprint Nextel Corp. (
) was incorporated in 1938 in Kansas. Sprint Nextel Corp has a
market cap of $21.98 billion; its shares were traded at around
$7.32 with and P/S ratio of 0.60.
Sprint reported its first quarter 2013 operating income of $29
million, includes accelerated depreciation of approximately $360
million, and an adjusted OIBDA of $1.5 billion up over 25% year
over year, and the highest year-over-year increase in more than
six years. Also, Sprint's wireless service revenue of $7.1
billion is the highest ever and increased nearly 9% year over
Here's the S share price since June of 2002:
S data by GuruFocus.com
In the age-old game of betting, buying and selling, will John
Paulson reverse the reversal? Only the guru knows.
Here is the complete portfolio of John Paulson.
Also check out:
1. John Paulson's Undervalued Stocks
2. John Paulson's Top Growth Companies
3. John Paulson's High Yield stocks
4. Stocks that John Paulson keeps buying
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