John Paulson Trims Biggest Financial Stock Holdings Except Capital One

Following is information regarding Paulson & Co’s top holdings in the Financial sector for the quarter ending September 30th, 2011.

  • Capital One Financial Corp. (NYSE:COF): On 6/30/11 Paulson & Co. reported holding 21,100,000 shares with a market value of $1,090,236,961. This comprised 3.98% of the total portfolio. On 9/30/11, Paulson & Co. held 22,200,000 shares with a market value of $879,786,024. This comprised 4.55% of the total portfolio. The net change in shares for this position over the two quarters is 1,100,000. About the company: Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.
  • Citgroup, Inc. (NYSE:C): On 6/30/11 Paulson & Co. reported holding 33,505,002 shares with a market value of $1,395,148,263. This comprised 5.10% of the total portfolio. On 9/30/11, Paulson & Co. held 25,107,417 shares with a market value of $643,252,045. This comprised 3.32% of the total portfolio. The net change in shares for this position over the two quarters is -8,397,585. About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Hartford Financial Services Group, Inc. (NYSE:HIG): On 6/30/11 Paulson & Co. reported holding 40,518,454 shares with a market value of $1,068,471,666. This comprised 3.90% of the total portfolio. On 9/30/11, Paulson & Co. held 38,852,923 shares with a market value of $627,086,154. This comprised 3.24% of the total portfolio. The net change in shares for this position over the two quarters is -1,665,531. About the company: The Hartford Financial Services Group, Inc. provides a range of insurance products. The Company’s products include property and casualty insurance, annuities, life insurance, investment services, and group insurance. Hartford Financial operates around the world.
  • Wells Fargo & Co. (NYSE:WFC): On 6/30/11 Paulson & Co. reported holding 33,600,000 shares with a market value of $942,815,982. This comprised 3.44% of the total portfolio. On 9/30/11, Paulson & Co. held 23,847,900 shares with a market value of $575,211,368. This comprised 2.97% of the total portfolio. The net change in shares for this position over the two quarters is -9,752,100. About the company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • Suntrust Banks, Inc. (NYSE:STI): On 6/30/11 Paulson & Co. reported holding 32,134,301 shares with a market value of $829,064,941. This comprised 3.03% of the total portfolio. On 9/30/11, Paulson & Co. held 30,398,194 shares with a market value of $545,647,605. This comprised 2.82% of the total portfolio. The net change in shares for this position over the two quarters is -1,736,107. About the company: SunTrust Banks, Inc. is a super-regional bank holding company. The Company’s subsidiary banks operate in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. SunTrust provides a wide range of financial services such as credit cards, mortgage banking, insurance, brokerage and capital markets services.
  • XI Group PLC (NYSE:XL): On 6/30/11 Paulson & Co. reported holding 28,230,000 shares with a market value of $620,495,387. This comprised 2.27% of the total portfolio. On 9/30/11, Paulson & Co. held 23,675,907 shares with a market value of $445,107,034. This comprised 2.30% of the total portfolio. The net change in shares for this position over the two quarters is -4,554,093. About the company: XL Group PLC, through its subsidiaries, provides global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. The Company’s operations include insurance, reinsurance, life operations, and other financial lines, as well as general investing an financing.
  • Bank of America Corporation (NYSE:BAC): On 6/30/11 Paulson & Co. reported holding 60,444,779 shares with a market value of $662,474,780. This comprised 2.42% of the total portfolio. On 9/30/11, Paulson & Co. held 64,321,606 shares with a market value of $393,648,221. This comprised 2.03% of the total portfolio. The net change in shares for this position over the two quarters is 3,876,827. About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • American Capital, Ltd. (NASDAQ:ACAS): On 6/30/11 Paulson & Co. reported holding 43,725,000 shares with a market value of $434,189,263. This comprised 1.59% of the total portfolio. On 9/30/11, Paulson & Co. held 38,810,859 shares with a market value of $264,690,065. This comprised 1.37% of the total portfolio. The net change in shares for this position over the two quarters is -4,914,141. About the company: American Capital Ltd. is an alternative asset manager. The Company, directly and through its global asset management business, invests in employee and management buyouts, private equity buyouts, and early stage and mature private and public companies. American Capital provides debt and equity to fund growth, acquisitions, recapitalizations, and securitizations.
  • BlackRock, Inc. (NYSE:BLK): On 6/30/11 Paulson & Co. reported holding 1,880,000 shares with a market value of $360,602,795. This comprised 1.32% of the total portfolio. On 9/30/11, Paulson & Co. held 988,900 shares with a market value of $146,367,084. This comprised 0.76% of the total portfolio. The net change in shares for this position over the two quarters is -891,100. About the company: BlackRock, Inc. provides diversified investment management services to institutional clients and to retail investors through various investment vehicles. The Company offers the BlackRock Funds and Blackrock Liquidity Funds, and also provides risk management services to fixed income institutional investors.
  • SPDR Gold Shares (NYSEARCA:GLD): On 6/30/11 Paulson & Co. reported holding 31,500,000 shares with a market value of $4,599,000,000. This comprised 16.80% of the total portfolio. On 9/30/11, Paulson & Co. held 20,273,540 shares with a market value of $3,204,435,683. This comprised 16.56% of the total portfolio. The net change in shares for this position over the two quarters is -11,226,460. About the company: SPDR Gold Trust is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.

(Note: Data regarding Paulson & Co’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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