Paulson & Company's Q4 Moves: Healthcare And Beyond

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John Paulson became famous a few years ago for his bets against subprime mortgages and later, on gold. His fund, Paulson & Company recently disclosed an equity portfolio for the fourth quarter of 2014, worth roughly $19.36 billion, focused on healthcare stocks (42.6 percent of the total portfolio) and consumer discretionary stocks (24.8 percent).

The fund started three new positions, sold out of 15, reduced its holdings in another 29 and boosted positions in 13 of its pre-existing stakes.

Adds

  • Salix Pharmaceuticals, Ltd. SLXP - 5,806,000 shares
  • Talisman Energy Inc. TLM - 70,000,000 shares
  • Spansion Inc. CODE - 430,000 shares

Increases

  • Allergan, Inc. AGN - 6,370,000 shares, up 18 percent
  • Mylan Inc MYL - 14,948,400 shares, up 19 percent
  • Time Warner Cable Inc TWC - 8,696,000 shares, up 18 percent
  • Actavis plc ACT - 1,560,601 shares, up 46 percent
  • DIRECTV DTV - 11,400,000 shares, up 9 percent
  • Mallinckrodt PLC MNK - 9,012,293 shares, up 12,293 shares
  • Caesars Entertainment Corp CZR - 13,608,300 shares, up 3 percent
  • Alibaba Group Holding Ltd BABA - 1,925,277 shares, up 1 percent
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Decreases

  • Shire PLC (ADR) SHPG – 8,328,304shares, down 7 percent
  • Family Dollar Stores, Inc. FDO - 89,200 shares, down 98 percent
  • MGM Resorts International MGM - 6,972,800 shares, down 68 percent
  • Verizon Communications Inc. VZ - 480,000 shares, down 93 percent
  • Sprint Corp S - 30,100,543 shares, down 53 percent
  • Oasis Petroleum Inc. OAS - 9,805,566 shares, down 83,634 shares
  • Cobalt International Energy, Inc. CIE - 41,751,100 shares, down 103,500 shares
  • AngloGold Ashanti Limited AU - 26,205,400 shares, down 1 percent
  • Gold Fields Limited GFI - 3,947,191 shares, down 39 percent
  • NovaGold Resources Inc. (USA) NG -35,616,357 shares, down 193,557 shares

Exits

  • Vodafone Group Plc VOD - 26,703,108 shares
  • Aetna Inc AET - 7,794,638 shares
  • Dollar General Corp DG - 4,090,000 shares
  • Hartford Financial Services Group, Inc. (The) HIG - 3,208,116 shares
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Posted In: Long IdeasHedge FundsLegalTrading IdeasGeneralJohn PaulsonmortgagePaulsonPaulson & Companysubprime
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