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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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Mon, 02/14/2011 - 23:13 | 962422 william the bastard
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!

Tue, 02/15/2011 - 02:12 | 962745 Red Neck Repugnicant
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.  



Tue, 02/15/2011 - 03:00 | 962796 Missiondweller
Missiondweller's picture

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

Tue, 02/15/2011 - 07:08 | 962907 Cash_is_Trash
Cash_is_Trash's picture

AU and AG up

Tue, 02/15/2011 - 08:25 | 962954 Zero Govt
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

Tue, 02/15/2011 - 03:31 | 962816 I Am The Unknow...
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). 

Mon, 02/14/2011 - 23:16 | 962425 digalert
digalert's picture

A portfolio like that must be tough on a guy.

Mon, 02/14/2011 - 23:20 | 962442 Seasmoke
Seasmoke's picture

Buffett also got rid of Bank of Amerikka

Mon, 02/14/2011 - 23:22 | 962450 william the bastard
william the bastard's picture

BAC is higher now. Hehe

Tue, 02/15/2011 - 08:27 | 962957 Zero Govt
Zero Govt's picture

pride before a fall?

Mon, 02/14/2011 - 23:21 | 962443 mynhair
mynhair's picture

But what about SAC?  They 13F'd, too!

Mon, 02/14/2011 - 23:22 | 962453 Tyler Durden
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.

Mon, 02/14/2011 - 23:26 | 962468 william the bastard
william the bastard's picture

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

Tue, 02/15/2011 - 00:31 | 962603 whatsinaname
whatsinaname's picture

yahoo finance talking about buffett selling.


Mon, 02/14/2011 - 23:53 | 962525 mynhair
mynhair's picture

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

Tue, 02/15/2011 - 00:20 | 962587 AZSovreign
AZSovreign's picture

Dear God, please let it flame out tomorrow!!

Tue, 02/15/2011 - 04:21 | 962844 ZeroPower
ZeroPower's picture

Like OREX ;)

Mon, 02/14/2011 - 23:23 | 962456 william the bastard
william the bastard's picture

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

Mon, 02/14/2011 - 23:22 | 962444 pvmuse
pvmuse's picture

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

Mon, 02/14/2011 - 23:24 | 962457 HamyWanger
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.

Mon, 02/14/2011 - 23:25 | 962462 william the bastard
william the bastard's picture

Same as it ever was.

Mon, 02/14/2011 - 23:25 | 962465 HamyWanger
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.

Mon, 02/14/2011 - 23:54 | 962529 sellstop
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.


Tue, 02/15/2011 - 00:01 | 962552 william the bastard
william the bastard's picture

You save. I prefer to make money.

Tue, 02/15/2011 - 00:09 | 962573 sellstop
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!

Tue, 02/15/2011 - 00:18 | 962584 william the bastard
william the bastard's picture

Bull markets are where men are made.

Tue, 02/15/2011 - 05:36 | 962874 BigDuke6
BigDuke6's picture


I love Hamy and Harry - they are so funny!

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

Mon, 02/14/2011 - 23:26 | 962469 mynhair
mynhair's picture

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

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

Mon, 02/14/2011 - 23:24 | 962458 mynhair
mynhair's picture

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

Mon, 02/14/2011 - 23:28 | 962476 william the bastard
william the bastard's picture

Apfel?  Is that the smelly indonesian veggie?

Mon, 02/14/2011 - 23:42 | 962498 mynhair
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.

Mon, 02/14/2011 - 23:27 | 962473 buzzsaw99
buzzsaw99's picture


Mon, 02/14/2011 - 23:28 | 962474 mynhair
mynhair's picture



Mon, 02/14/2011 - 23:44 | 962505 buzzsaw99
buzzsaw99's picture

nice pussy. lulz

Mon, 02/14/2011 - 23:49 | 962513 mynhair
mynhair's picture

You will never know...

Mon, 02/14/2011 - 23:53 | 962524 buzzsaw99
buzzsaw99's picture

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

Mon, 02/14/2011 - 23:56 | 962530 mynhair
mynhair's picture

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

O/T, Who does own

Tue, 02/15/2011 - 08:34 | 962965 Zero Govt
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?

Mon, 02/14/2011 - 23:35 | 962485 mynhair
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.

Mon, 02/14/2011 - 23:43 | 962503 PulauHantu29
PulauHantu29's picture

Holds his Gold...Smart investor.

Mon, 02/14/2011 - 23:58 | 962536 Stephanovic
Stephanovic's picture

You can't eat Burger King

Tue, 02/15/2011 - 00:03 | 962549 mynhair
mynhair's picture

Can if you are Bwaney Fwank.

Though he prefers Owwscars Myers.

Tue, 02/15/2011 - 09:32 | 962979 Zero Govt
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!!!


Tue, 02/15/2011 - 00:05 | 962565 mynhair
mynhair's picture

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

Must be how vampires feel, swearing off blood.

Tue, 02/15/2011 - 00:18 | 962574 mynhair
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?

Tue, 02/15/2011 - 00:22 | 962589 Matthew
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. |

Tue, 02/15/2011 - 00:42 | 962598 mynhair
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.

Tue, 02/15/2011 - 00:46 | 962623 mynhair
mynhair's picture

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

Tue, 02/15/2011 - 00:55 | 962626 mynhair
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.

Tue, 02/15/2011 - 01:12 | 962658 firstdivision
firstdivision's picture

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

Tue, 02/15/2011 - 01:18 | 962667 bugs_
bugs_'s picture

So buffet and paulson both got a call from deep shah and decided to unload their bac.  i wonder if there is a sneakpeek@weakileak for the privileged few.   A wikileak expert network what a cash cow.

Tue, 02/15/2011 - 01:20 | 962672 FreakuentFlyer
FreakuentFlyer's picture

hey Tyler, any chance we can use ZH to start a petition to NYSE/Powershares to list a new ETF based on junks on comments on ZH?

let's say equal distribution between junks on middle-east, gold & PM, HFT-SEC, oil-commodites and "other" articles.

Tue, 02/15/2011 - 01:23 | 962675 TruthInSunshine
TruthInSunshine's picture

The earlier article today speaking of Paulson's massive bank share holdings was interesting, as it was as of last month's disclosure, and if I was forced to guess, Paulson is moving fast and heavy with that toxic sector, pining profits on POMO, and he'll dump it fast and furious when the time is right, which may be very soon (if not in the works now).

Tue, 02/15/2011 - 02:02 | 962735 Temporalist
Temporalist's picture
Berkshire Departs BofA ‘a Loser’ on Stake After Three Years

Tue, 02/15/2011 - 02:16 | 962753 TruthInSunshine
TruthInSunshine's picture

Bankster of Amerika may just be the financial equivalent of the iceberg that took down the Titanic, aka U.S.S. Bernanke, aka an Artic Swan...

...which will in turn puncture a hole in the hull of the U.S. and Europe, which will then leak toxic CDS into the oceans that are the global economy...

....leading to really, really bad shit happening; making 2008 look, eh, not so bad on a relative basis.

Tue, 02/15/2011 - 03:36 | 962821 props2009
Tue, 02/15/2011 - 05:50 | 962881 BigDuke6
BigDuke6's picture

While i'll be happy when gold goes up for my own selfish reasons it will be tinged with sadness because a fuckstick like paulson will be doing even better.

Tue, 02/15/2011 - 08:31 | 962962 anony
anony's picture

That's only half the story.

The other half is: what holdings does he have in domiciles that do not require public reporting?

Call me paranoid and neurotic, but I have a hunch that his secrets far outweigh what he discloses. As well all other insiders.



Tue, 02/15/2011 - 09:07 | 963011 barthezz
barthezz's picture

Back in Dec., ZH speculated if Paulson if offloading BAC in darkpools.

I was thinking along the lines, since both warrants (BAC/A and BAC/B) traded on that day 10Mio and 30Mio blocks. Seems the circus dompteur is still long these positions as per 13F:

BANK OF AMERICA CORP W Exp 01/16/19 060505146 214200 30000000 SH DEFINED 01 30000000
BANK OF AMERICA CORP W Exp 10/28/18 060505153 26700 10000000 SH DEFINED 01 10000000




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co2010's picture

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