Heh, $4k, $5K, what's a grand amongst friends. WOW!
Was Hedge Fund Billionaire Paulson Buying or Selling in Q1?
(GLD, AU, GFI, C, WFC, BAC, STI)
by Jason Smith
May 5th
http://www.tickerspy.com/newswire/?p=4426
Hedge fund manager John Paulson has proven his ability to deliver notable returns in bull and bear markets, returning big gains in 2008 and 2009 and closing out 2010 with a gain of 17% in his flagship fund with Paulson & Co. Given the billionaire’s unmatched track record, investors will be watching closely when his hedge fund’s end-of-Q1 holdings are disclosed later this month.
Paulson has been a notable gold bull in recent quarters, with the bulk of his personal wealth invested in gold funds managed by his firm. He recently stated that he thinks the metal could trade up to $4,000 an ounce over the next three to five years.
At the end of 2010, Paulson & Co.’s top-15 U.S.-listed equity holdings included sizable bets on the gold rally, including a massive 31.5 million-share position in the popular SPDR Gold Trust (GLD), and bets on miners Anglogold (AU) and Gold Fields (GFI).
Paulson also held big bets on banking giants Citigroup (C), Wells Fargo (WFC), Bank of America (BAC), and SunTrust Banks (STI). With gold still trading at lofty levels, but financial names stagnant, investors will be wondering where this investing legend was placing his bets as Q1 drew do a close.
But investors won’t be sure where Paulson stands now until later this month, when the deadline for end-of-Q1 filings hits. At tickerspy.com, members can track Paulson &. Co.’s latest holdings, see a graph of their combined performance, and be notified when the firm’s new holdings are made public.
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.
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