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Paulson's Fund Reports Holdings, Continues to Like Gold

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Paulson & Co., John Paulson's hedge fund, has retained its stakes in SPDR Gold Trust, the biggest exchange-traded product backed by gold, since the second quarter of 2011. Paulson came to fame after having the foresight to gamble against the mortgage market before the 2008 financial crisis. Paulson reportedly owned 17.3 shares in SPDR Gold by the end of March 31st, remaining unchanged from December 31st.

Additionally, the fund reported picked up stakes in Sara Lee, Viacom, and Caesar's Entertainment while simultaneously lowering stakes in SunTrust Banks and Tenet Healthcare. The company has reported 1 million Class B shares of Viacom, 1 million shares of Prestige Band, and a 12.37 million-share stake in Caesars with a reported 7.3 million share decrease for Tenet Healthcare from the fourth quarter, now at 2.7 million shares. Furthermore, the fund has reported 5.6 million shares of SunTrust, a decrease from the 11.8 million observed in the fourth quarter.

Paulson & Co. also reported a 2 million-share stake in Novellus Systems, 1 million-share stake in Allied Nevada Gold, and a 1.6 million-share stake HCA holdings for the first quarter.

Posted-In: John PaulsonNews Hedge Funds Trading Ideas General

 

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