Paulson Sells 10% Of BofA Stake, Increases Equity AUM From $23 To $30 Billion, Adds Numerous New Positions

Tyler Durden's picture

The much anticipated Paulson & Co. 13F is out and there are quite a few changes. First, the total equity AUM has increased from $23 billion to $30 billion. Paulson is now bigger than many mutual funds: "nimble" unwinding should the market ever sell off again sure will be an amusing sight. After all, his top 10 positions, which amount to $16 billion, represented 55% of his entire equity AUM (of 102 names). While there are not many dispositions, most notable is the decline of Paulson's third biggest holding - Bank of America - by 10% from 137.8 million shares to 123.9 million. Also, as Zero Hedge speculated, Paulson reduced his holdings in Citi modestly, from 424 million shares to 413.5 million (it appears he was selling to Tepper). Otherwise the top two holdings, the GLD for the dollar denomination shares, and Anglogold, are still in first and second place. In terms of notable increases, Paulson added 7.9 million shares to his Anadarko stake (conceived in Q3), bringing the total to 21.3 million, making it his 5th largest position. Rounding out the top 10 are Hartford (a small decline), Suntrust (a 5 million share increase), Comcast (flat), Capital One (3 million shares added) and MGM (flat). Buffett fans will be delighted to learn that Paulson added 5 million shares to his Wells position, making it his 11th largest holding at $635 million. Those curious what other additions are in Paulson's portfolio can do so by looking at the green highlighted rows in the table below (also, the rightmost column shows increases in green and declines in red). As for complete dispositions, here is the list: Hewitt Associates, NBTY, Mariner Energy, Mirant, Burger King, General Growth Properties (Ackman will not be pleased), Airgas, Family Dollar, Starwood, Zymogenetics, Potash, Mead Johnson, Boyd Gaming, and Starwood Property Trust.

Full breakdown of holdings as of Dec. 31 (full green row highlight is new position).

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william the bastard's picture

I would pay 2% of my investment and 20% of my profits, annually no less, for some guy to buy GLD, AU and C for me. Yes I would!

Red Neck Repugnicant's picture

That 2/20, coupled with his own personal investments in his funds netted Paulson the richest annual haul ever - $5 billion.

And his tax rate?  ~15% like all the other masters of the universe, since most of their income falls under capital gains tax.  

When you figure your taxes, if you pay more than 15% then you're paying more than Paulson, Cohen, Ackman and others.  Good thing they got their tax break extensions this past year.  

Trickle down economics.....   we should see these tax breaks filter though our economy this next year.  



Missiondweller's picture

The trickle down poverty of Obamanomics seems to work rather well though.

Zero Govt's picture

the trickle-down theory has worked throughout history of businessmen forging new business and everyone benefits directly or indirectly... but this trickle-down theory isn't working reversing the system to actually suck from society using a ponzi scheme called the US Govt and a system called 'wealth transfer' of 'taxpayer bailouts' ...Bush and Obumma fuked it up big time

I Am The Unknown Comic's picture

Hey William You Bastard!  You are getting better as a troll...and that is bad news.

Nice job diverting attention from the real debate of this article, which is: If Buffet and Paulson are dumping Skank of Amerika (BAC), then shouldn't everybody else be running for the exits?

Rather, you drop in for a random, negative comment, against PMs. 

In your troll world there is nothing to see here...don't sell your Spank of Amerika (BAC) shares and diversify into PMs because as Mr. Makey would say "that's bad, M'kay"

Here's a tune you might find useful for your next drive-by dissing of PMs:  just replace the word "drugs" with "gold"

I will not feel any compassion for you whatsoever should the day come when you are giving hand jobs for silver (I'm quite sure you will never be able to give a hand job for gold). 

digalert's picture

A portfolio like that must be tough on a guy.

Seasmoke's picture

Buffett also got rid of Bank of Amerikka

mynhair's picture

But what about SAC?  They 13F'd, too!

Tyler Durden's picture

Only SAC holdings that matter are the Phase 2/3 drugs. Pretty much a guaranteed Phase 3/NDA success if recent addition.

william the bastard's picture

You'll never know w/o a 13d rental agreement

whatsinaname's picture

yahoo finance talking about buffett selling.


mynhair's picture

Yes, I can see how Apfel is a drug.  I really don't care, but Wanker does.

AZSovreign's picture

Dear God, please let it flame out tomorrow!!

william the bastard's picture

daily t/o of 300%. Is a 13f relevant there?

pvmuse's picture

Geeze, he and Buffet really do seem to be scared of wikileaks. When do we get the info?

HamyWanger's picture

Paulson is overrated.

Real, patriotic, FED-supporter, meat-eating men invest in stocks nowadays.

Only rednecks living in Montana shacks invest in gold.

HamyWanger's picture

It's true, but it always amazes me so much people fall into the precious metals hype.

These people will get their ass handed on a plate.

sellstop's picture

Pm's are a good way to save.

It helps to be diversified. some land, some stocks, some paper and some physical. A garden. some livestock. gravity feed water. Firewood for warmth. You know. Diversified.


william the bastard's picture

You save. I prefer to make money.

sellstop's picture

Yes, save and make money. Make money and save. My silver is up about 100% from where I bought it.

My stocks are up 300% the last 23 months.

gh shut your mouth!

william the bastard's picture

Bull markets are where men are made.

BigDuke6's picture


I love Hamy and Harry - they are so funny!

'ass on a plate' - priceless...  can't stop chuckling.

mynhair's picture

Sorry, Hamy, they are mining gold.  Eat yer heart out.

Though, in western Montana, they could be going for opals.

mynhair's picture

Why are these 13Fs not showing increases in Apfel?  Wanker have an explaination?

william the bastard's picture

Apfel?  Is that the smelly indonesian veggie?

mynhair's picture

Think it is putrid Chinee, but no 13Fs today had it.  Very funny.

Except SAC, I believe.  This cit always comes out after the first beer is popped.

buzzsaw99's picture

i know you have a nice pussy i can see your box.

mynhair's picture

Ok, got me.  Where do I send the bill for a new keyboard?

O/T, Who does own

Zero Govt's picture

HamyWagner, you say ".. it always amazes me so much people fall into the precious metals hype".. It's not "hype" Hamy, Gold has quadrupled in the past decade Hamy, it's REALITY Hamy, remember that?

mynhair's picture

So need a thread titled "Moron Independents and Unaffiliates Defend Why Obama Should Have 4 More Years (if we last that long) vs Sarah Palin.

and check for voter id before posting.  These fukking furringners are disgusting.

PulauHantu29's picture

Holds his Gold...Smart investor.

Stephanovic's picture

You can't eat Burger King

mynhair's picture

Can if you are Bwaney Fwank.

Though he prefers Owwscars Myers.

Zero Govt's picture


Bwaney Fwank deserves an 'Owwscar' for his acting performance in 'Nightmare on Dem Street - The Mortgage Monster' claiming he had "nothing to do" with the complete destruction of the US property market. The siquel has Bwaney wanting to play the role of the US Govt in the rental sector and is called not surprisingly 'Nightmare on Dem Street II - Rental Rapeville' ...God Bless (help!) America if this pathalogically dysfunctional Dem-olition man ever gets the funding to fuk-up the US rental market too!!!


mynhair's picture

So bored, but promised GW I would not trash his wacko threads.

Must be how vampires feel, swearing off blood.

mynhair's picture

Internet is going to hell.  A simple Lauper vid is now in commercial, and the res sucks.  One time viewable only, too boot.

Used to be U-Boob.  Move, FX!  Pretend you live!  Geez!  Somebody nuke something!

Not even my beloved Forint is moving....WTF?

Matthew's picture

BofA is a big scam. They should be charge with Ponzie Schemes just like Maddoff. They have stole a lot of people money including me. |

mynhair's picture

Play this link over and over until you feel completely numb:

You were taken, move on, and always remember.

She's got the worst knees, BTW.

You could go for pure cute, though:

(sell ya my 8 %)

or, you could just pull a Mark.

mynhair's picture

FL fact:  vultures like guacamole, or avacados on the ground.

mynhair's picture

The world died, and I missed the email - again.

Damn, I hate it when that happens.  At least MW always had some moron up to spar with.

firstdivision's picture

I liked how he dumped the shit out of his BSX holdings.