Hedge Fund King John Paulson Buys Into XTO Energy And Wells Fargo (WFC, GLD, XTO)

{ Posted on Feb 16 2010 by Courtney Comstock }
Categories : All, Clusterstock

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Paulson & Co's latest 13-F filing is out.

Last quarter, Paulson remained big into Gold ($3.4 billion up from $3.1 billion in the 3rd quarter) and Bank of America ($2.5 billion down from $2.7 billion in the 3rd quarter).

His fund's third largest holding was Citigroup, a stake that increased from $1.4 billion to $1.7 billion last quarter.

His biggest new stakes include a $465 million investment in XTO Energy (which is being bought out by Exxon (XOM), a sign he's still into his old merger arbitrage plays) and a $472 million investment in Wells Fargo.

Paulson's other shifts, according to his most recent 13F report, include moving into CIT Group (which Third Avenue just dropped) with $121 million, DirectTV with $170 million, Kraft with $135 million, and Hyatt hotels with $9 million.

Read Paulson's latest 13F filing >

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This entry was posted on Tuesday, February 16th, 2010 at 7:02 pm and is filed under All, Clusterstock. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.


One Response to “Hedge Fund King John Paulson Buys Into XTO Energy And Wells Fargo (WFC, GLD, XTO)”

  1. By Macroaxis Fan on Feb 19, 2010 | Reply

    President Obama, Bernanke, and Jim Cramer are in a MOVIE about hedge funds called “Stock Shock.” Even though the movie mostly focuses on Sirius XM stock being naked-short-sold to near bankruptcy (5 cents/share), I liked it because it exposes the dark side of Wall Street and reveals some of their secrets. DVD is everywhere but cheaper at http://www.stockshockmovie.com

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