标题: [基础分析] Paulson Hedge Fund Adds to Bank of America Stake (Update1) [打印本页] 作者: 何鸿燊 时间: 2010-5-17 18:19 标题: Paulson Hedge Fund Adds to Bank of America Stake (Update1)
May 17, 2010, 5:54 PM EDT
By Saijel Kishan
May 17 (Bloomberg) -- John Paulson, the hedge-fund manager who amassed a fortune by betting against U.S. mortgage markets, increased his stake in Bank of America Corp. in the first quarter.
His hedge fund, New York-based Paulson & Co., bought 16.8 million shares of the Charlotte, North Carolina-based bank and held 167.8 million shares as of March 31, according to a filing with the U.S. Securities and Exchange Commission today.
Paulson’s reported holdings in financial companies grew 6.5 percent during the quarter. Bank of America remains Paulson’s second-biggest position, with a market value of $2.99 billion, according to the filing. Paulson had told clients in November that shares of the bank may rise to $29.81 by December 2011. The stock closed at $16.35 today.
Paulson left unchanged his Citigroup Inc. stake of 506.7 million shares, according to the filing. The New York-based bank is Paulson’s third-largest reported holding.
Paulson also left his biggest position, in the SPDR Gold Trust, unchanged in the first quarter. The hedge fund held an 8.5 percent stake in the fund that buys bullion, according to the filing. Paulson increased his stake in Johannesburg-based AngloGold Ashanti Ltd. by 900,000 depositary receipts, holding 43.8 million at the end of the first quarter, and added 3 million shares of XTO Energy Inc.
Armel Leslie, a spokesman for Paulson, declined to comment on the filing. The hedge fund manages about $35 billion in assets.
Money managers who oversee more than $100 million in equities must file a Form 13F within 45 days of each quarter’s end to list their U.S.-traded stocks, options and convertible bonds. The filings don’t show non-U.S. securities or how much cash the firms hold.
