{"id":328454,"date":"2010-02-16T18:02:36","date_gmt":"2010-02-16T23:02:36","guid":{"rendered":"http:\/\/www.businessinsider.com\/paulson-dumps-a-25-billion-stake-in-wyeth-pharmaceuticals-2010-2"},"modified":"2010-02-16T18:02:36","modified_gmt":"2010-02-16T23:02:36","slug":"hedge-fund-king-john-paulson-buys-into-xto-energy-and-wells-fargo-wfc-gld-xto","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/328454","title":{"rendered":"Hedge Fund King John Paulson Buys Into XTO Energy And Wells Fargo (WFC, GLD, XTO)"},"content":{"rendered":"

\"johnpaulson<\/p>\n

Paulson & Co’s latest 13-F filing is out.<\/p>\n

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).<\/p>\n

His fund’s third largest holding was Citigroup, a stake that increased from $1.4 billion to $1.7 billion last quarter.<\/p>\n

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.<\/p>\n

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

Read Paulson’s latest 13F filing ><\/a><\/p>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n