Must-know: Paulson & Co.'s important positions in 1Q14

Must-know: Paulson & Co.'s important positions in 1Q14 (Part 1 of 8)

Must-know: Paulson & Co.’s important positions in 1Q14

Paulson & Co.

Paulson & Co., founded in 1994 by John Paulson, opened new positions in 1Q 2014. In this series, we’ll discuss some of the main positions the fund traded during the quarter. The table below outlines the notable positions traded by the $22 billion hedge fund.

Paulson1Q1Enlarge Graph

Billionaire hedge fund manager John Paulson started new positions in Verizon Communications Inc. (VZ), CBS Corp. (CBS), and Valeant Pharmaceuticals (VRX) and upped the fund’s positions in Cobalt International Energy (CIE) and American Airlines Group (AAL). Notable position decreases were Family Dollar Stores (FDO) and Freeport-McMoRan Copper (FCX).

Paulson10Enlarge Graph

A Bloomberg report noted last month that the firm expects to invest $1 billion in projects in Puerto Rico over the next two years. A Reuters report cited Paulson’s investor letter and stated that its $3.2 billion Recovery Funds gained 5.58% on robust returns from Greece’s Alpha Bank and Piraeus Bank. A rally of insurers, especially Genworth Financial (GNW), supported an increase in returns. Paulson added that the stock could see further upside if the company “spins off its mortgage-insurance and other life-insurance businesses into two separate companies.”

Notice of correction: When this article was originally published, it listed market cap in millions. The first table has since been revised to show market cap in billions.

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