Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.
Sorry, please excuse my ignorance. —I did a little research (duh!?!) & believe “sh” is “shares”. (So what is “prn”?) —Therefore he is (or was) long these positions? —If so, that looks like a BIG gold position, esp GLD.
FWIW, I am suprised both by the financials: (COF, JPM,…) & that he is holding healthcare in the face of possible government intervention which is likely to depress insurers (competing with “free”) & providers (getting lower reimbursement rates).
You got it right. Short positions aren't reported on 13-Fs. This is the most recent report. And yes, he has been building some large positions in gold related names.
Of course, it's important to note that this is probably a very small portion of his portfolio. Paulson uses a lot of derivatives.
Subscribe to Pragcap
Comments
Cowpoke: Shadow banking is sorta like Pawn Shops for corporations. …
InvestorX: Video: it splits the shadow banking system from the banking …
InvestorX: Does it mean the BoJ has bought $16bn+ of ETFs? …
This website is made available for educational and entertainment purposes only. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance or misconstrued as investment advice. This website is in no way a solicitation or an offer to sell securities or investment advisory services. Please consult your investment adviser before making any investment decisions.
3 Comments
Am I reading this correctly that he is “short”(??) (SH /PRN) all these positions?
What was the date of this filing?
Sorry, please excuse my ignorance.
—I did a little research (duh!?!) & believe “sh” is “shares”. (So what is “prn”?) —Therefore he is (or was) long these positions?
—If so, that looks like a BIG gold position, esp GLD.
FWIW, I am suprised both by the financials: (COF, JPM,…) & that he is holding healthcare in the face of possible government intervention which is likely to depress insurers (competing with “free”) & providers (getting lower reimbursement rates).
You got it right. Short positions aren't reported on 13-Fs. This is the most recent report. And yes, he has been building some large positions in gold related names.
Of course, it's important to note that this is probably a very small portion of his portfolio. Paulson uses a lot of derivatives.