Paulson & Co. Holding 42 Million Shares Of Anglogold Ashanti (AU)
As of Q4 2009, John Paulson's hedge fund, Paulson & Co. was holding nearly 43 million shares of AngloGold Ashanti Limited (NYSE: AU). At $38.87 per share, this position amounts to around $1.8 billion. During the last 6 months, AU stock is down 11.66%. Mr. Paulson, however, is not one to bet against. His hedge fund foresaw the sub-prime mortgage meltdown and made billions of dollars betting against the housing market.
Other notable positions held by Paulson & Co., include Bank of America (NYSE: BAC), Phillip Morris International (NYSE: PM), and Wells Fargo (NYSE: WFC). The hedge fund's long positions have gained 6.3% this month according to Tickerspy.com.
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