Tempering Gold

John Paulson, founder of Paulson & Company, is a legendary hedge fund investor well-known for generating mega-returns in the 2008 market crash and for extraordinary gains and losses in the gold market. The Paulson portfolio update shows 91 stocks, 15 of them new, and a total value of $14.17 billion. Paulson’s firm has a quarter-over-quarter turnover of 21%.

Guru John Paulson was actively selling in the second quarter of 2013:

SPDR Gold Trust ETF (GLD): Reduced

Guru Action: As of June 30, 2013, John Paulson reduced his position by 53.13%, selling 11,602,700 shares at an average price of $136.88 for a loss of 3.8%. Paulson has averaged a gain of 34% on 36,026,600 shares bought at an average price of $97.97. On shares sold, he has averaged a loss of 14% on 25,791,748 shares sold at an average price of $152.69 per share.

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