Paulson & Co. Inc. released their 13F filing highlighting holdings of one of the largest hedge funds with notional assets over $21 billion. Gold and financial related assets continue to dominate the fund but Paulson added new positions in casino, generic drugs, discount stores, oil & gas related industries.
Paulson & Co. has taken some hits recently with the government's case against Goldman Sachs and the CDO Abacus trade but the fund has outperformed significantly in recent years and worth following. Paulson made big bets against housing and the MBS markets that paid off and now his bullish gold and financial positions are working.
Top New Positions
MGM Mirage (MGM) - Paulson bought 40 million shares at $12 per share valued at $480 million. MGM carries a significant debt load of over $12 billion and negative profit margins since Q4 of 2008.
Apache (APA) - Paulson bought 3.4 million shares at $101.50 valued at $345 million. Apache's quarterly free cash flow is approaching $1 billion with revenues increasing over 60% YoY.
Mylan (MYL) - Paulson bought over 11 million shares at $22.71 valued at $258 million. Mylan grew revenues ~7% YoY with a 7% profit margin. The market cap is $6 billion with ~$600M in cash.
Family Dollar (FDO) - Paulson bought 6 million shares at $36.61 valued at $220 million.