John Paulson, the billionaire investor who has been one of the most bullish investors in gold, made no changes in his exposure to the precious metal in the fourth quarter, according to a securities filing Friday.
His firm, Paulson & Co., stood pat on the size of its holdings in the gold exchange-traded fund SPDR Gold Trust (GLD). But it did say the value of the stake fell to $1.19 billion from $1.31 billion at the end of the third quarter.
The biggest new position the firm took was a $1.46 billion stake in Extended Stay America Inc. (>> Extended Stay America Inc).
Meanwhile, Paulson increased his investment in Time Warner Cable Inc. (>> Time Warner Cable Inc) to the tune of $810 million from $446 million as the cable giant was targeted for acquisition by rival Comcast Corp. (CMCSA, CMCSK), which completed the deal Thursday.
Also, the firm cut its holdings of Family Dollar Stores Inc. (>> Family Dollar Stores, Inc.) to $634 million from $811 million.
Paulson & Co. reported holdings of $20.3 billion in the latest filing, compared with $15.5 billion in the previous filing.
The positions were revealed in a 13F filing with the Securities and Exchange Commission, a quarterly requirement for investors managing more than $100 million. The report indicates the number of shares held and the value of each stake at the end of the quarter.
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