Billionaire Paulson Still Hungry for Stocks

The market’s run from 2009 lows has a number of experts calling for an equity pullback, but hedge fund manager John Paulson is still long.

John Paulson made billions betting against the market in 2008, and despite the market’s incredible run from 2009 lows he sees more room to the upside. According to a report yesterday from Reuters, Paulson said his fund’s net long exposure is “perhaps the highest it has ever been in our portfolio,” adding, “We still find a lot of compelling long investments on the equity side.” Earlier this week we noted Paulson’s lust for gold stocks, and he highlighted some more favorites during a presentation at the Japan Society.

According to Reuters, Paulson highlighted Bank of America (BAC), cable giant Comcast (CMCSA), and Munich-listed HeidelbergCement as attractive equity plays. As of the most recent regulatory filings, Bank of America was among Paulson & Co.’s top-15 U.S.-listed equity holdings.

At the end of Q3 Paulson also held significant stakes in financials Citigroup (C) and Capital One Financial (COF), medical device company Boston Scientific (BSX), and tech giant Sun Microsystems (JAVA).

On the commodity side Paulson has sizable bets on AngloGold Ashanti (AU), Gold Fields (GFI), and Kinross Gold (KGC) as well as a multi-billion-dollar stake in the SPDR Gold Trust ETF (GLD).

If you want to see how your performance stacks up to Paulson’s and see the rest of his firm’s top holdings, visit tickerspy.com to see the Paulson’s top stocks and a chart of their combined performance.

Pro portfolio performance is based on institutions’ top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time.

Tags: AU, BAC, BSX, C, CMCSA, COF, GFI, GLD, JAVA, KGC