PAULSON MANAGEMENT 13-F
17 May 2009 by Cullen Roche
3 Comments
A look inside the portfolio of the hedge fund manager who seems to do no wrong:
Click for larger image
Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas.
Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting.
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.