WSJ reports that Paulson’s Advantage Plus fund lost more than 13% this month through June 10, bringing its YTD losses to 19.65%. His Enhanced Partners fund lost 7% during the first 10 days of June, yet still up around 4% YTD. These are significant losses and things got worse since June 10th. The 84 stocks in John Paulson‘s 13F portfolio lost an additional 0.8% vs. 0.4% loss for the S&P 500 index during the last 5 days.
How did Paulson lose all this money?
There were 84 stocks in Paulson’s 13F filing with a total value of $34 Million. We don’t have data about Paulson’s international holdings or the stocks he is short. Nevertheless, the performance of these 84 stocks explain most of Paulson’s miseries. WSJ points out that Paulson has a loss of $500 Million from Sino-Forest bets. Paulson has other large losses too. He lost a total of $634 Million from his Bank of America (BAC), Citigroup (C), Capital One (COF), Suntrust (STI), Wells Fargo (WFC), and JP Morgan (JPM) bets. Even his gold investments turned sour. Paulson’s losses totaled $283 Million due to losses in gold mining stocks. He lost $184 Million in Transocean (RIG), $173 Million in Anadarko Petroleum (APC) and these weren’t even frauds. Paulson’s billion dollar bet on Hewlett Packard contributed $82 Million to his losses. Here is the table showing Paulson’s losses in each stock:
| Stock | Ticker | Value (x1000) | Return | Loss/Gain |
| SPDR GOLD TRUST | GLD | 4405590 | -0.3% | (15,309) |
| ANGLOGOLD ASHANTI LTD | AU | 2129722 | -6.9% | (146,893) |
| TRANSOCEAN LTD | RIG | 1907242 | -9.6% | (183,817) |
| BANK OF AMERICA CORP | BAC | 1903347 | -10.6% | (201,035) |
| CITIGROUP INC | C | 1852695 | -7.7% | (141,822) |
| ANADARKO PETROLEUM | APC | 1739480 | -9.9% | (172,568) |
| HARTFORD FINANCIAL SVCS | HIG | 1182784 | -10.7% | (126,045) |
| HEWLETT PACKARD CO | HPQ | 1024250 | -8.0% | (82,215) |
| CAPITAL ONE FINANCIAL | COF | 1021638 | -11.9% | (121,641) |
| SUNTRUST BANKS INC | STI | 988942 | -9.7% | (95,625) |
| COMCAST CORP NEW | CMCSA | 988800 | -7.1% | (69,733) |
| LUBRIZOL CORP | LZ | 803760 | -0.2% | (1,912) |
| WEYERHAEUSER CO | WY | 779825 | -7.1% | (55,391) |
| X L GROUP PLC | XL | 723240 | -10.2% | (74,045) |
| ALPHA NATURAL RES | ANR | 712440 | -20.8% | (147,975) |
| WELLS FARGO & CO NEW | WFC | 649850 | -6.4% | (41,689) |
| MYLAN INC | MYL | 609823 | -6.3% | (38,324) |
| M G M RESORTS INTL | MGM | 575970 | -17.3% | (99,753) |
| JPMORGAN CHASE & CO | JPM | 544756 | -5.9% | (32,252) |
| ALCOA INC | AA | 477563 | -11.0% | (52,557) |
| GOLD FIELDS LTD NEW | GFI | 454833 | -11.6% | (52,843) |
| AMERICAN CAPITAL LTD | ACAS | 432878 | -8.8% | (38,041) |
| BAXTER INTERNATIONAL | BAX | 430160 | -1.9% | (8,138) |
| ALCON INC | ACL | 413775 | 0.0% | – |
| BLACKROCK INC | BLK | 402020 | -8.7% | (35,094) |
| MEDTRONIC INC | MDT | 365955 | -6.8% | (24,996) |
| C B RICHARD ELLIS GROUP | CBG | 360450 | -13.2% | (47,596) |
| SMURFIT STONE CONTAINER | SSCC | 353648 | 0.0% | – |
| INTERNATIONAL PAPER CO | IP | 301800 | -13.3% | (40,214) |
| KINROSS GOLD CORP | KGC | 299250 | -1.8% | (5,330) |
| TALECRIS BIOTHERAPEUT | TLCR | 294800 | 0.0% | – |
| NOVAGOLD RESOURCES | NG | 261881 | -21.1% | (55,301) |
| WHIRLPOOL CORP | WHR | 251812 | -12.2% | (30,770) |
| TEVA PHARMACEUTICAL | TEVA | 223257 | -3.3% | (7,325) |
| LEAR CORP | LEA | 205272 | -4.3% | (8,907) |
| GENON ENERGY INC | GEN | 196620 | -6.3% | (12,320) |
| METLIFE INC | MET | 195080 | -11.0% | (21,499) |
| POPULAR INC | BPOP | 194970 | -3.4% | (6,723) |
| C N O FINANCIAL GROUP | CNO | 183657 | -6.2% | (11,390) |
| FAMILY DOLLAR STORES | FDO | 177311 | -5.9% | (10,533) |
| LIBERTY MEDIA CORP | LINTA | 160400 | -11.0% | (17,617) |
| HOWARD HUGHES CORP | HHC | 154998 | -12.9% | (19,922) |
| VEECO INSTRUMENTS | VECO | 152520 | -10.4% | (15,837) |
| SCRIPPS NETWORKS | SNI | 150270 | -9.1% | (13,647) |
| REGIONS FINANCIAL | RF | 140435 | -12.8% | (17,928) |
| ABITIBIBOWATER INC | ABH | 133264 | -12.1% | (16,121) |
| NOVELL INC | NOVL | 118600 | 0.0% | – |
| MARSHALL & ILSLEY CORP | MI | 111860 | -4.9% | (5,453) |
| VAIL RESORTS INC | MTN | 109219 | -8.0% | (8,778) |
| BOSTON SCIENTIFIC CORP | BSX | 107850 | -3.5% | (3,755) |
| S L GREEN REALTY CORP | SLG | 105280 | -10.3% | (10,831) |
| BUCYRUS INTERNATIONAL | BUCY | 91450 | -0.2% | (169) |
| STATE STREET CORP | STT | 89880 | -6.8% | (6,088) |
| FIRST HORIZON NATIONAL | FHN | 86057 | -6.1% | (5,245) |
| PENNEY J C CO INC | JCP | 81912 | -3.7% | (3,029) |
| B M C SOFTWARE INC | BMC | 79584 | -6.9% | (5,531) |
| ROYAL BANK SCOTLAND | RBS | 74426 | -5.2% | (3,885) |
| TERADATA CORP DE | TDC | 73515 | -1.0% | (725) |
| BOISE INC | BZ | 73280 | -15.8% | (11,548) |
| ROCK TENN CO | RKT | 69350 | -17.7% | (12,267) |
| IAMGOLD CORP | IAG | 59454 | -6.2% | (3,672) |
| RANDGOLD RESOURCES | GOLD | 57078 | -7.3% | (4,158) |
| C I T GROUP INC NEW | CIT | 55469 | -5.0% | (2,790) |
| LORILLARD INC | LO | 55106 | -4.8% | (2,653) |
| STRATEGIC HOTELS & RES | BEE | 51600 | -6.6% | (3,394) |
| SUNSTONE HOTEL INV | SHO | 50950 | -14.9% | (7,615) |
| NORTHERN TRUST CORP | NTRS | 50750 | -4.4% | (2,239) |
| INTL TOWER HILL MINES | THM | 50150 | -17.6% | (8,825) |
| FELCOR LODGING TRUST | FCH | 49128 | -15.9% | (7,807) |
| BARRICK GOLD CORP | ABX | 46719 | -8.0% | (3,747) |
| NETAPP INC | NTAP | 46703 | -7.7% | (3,598) |
| QUAD GRAPHICS INC | QUAD | 45816 | -1.2% | (565) |
| ATHEROS COMMUNICAT | ATHR | 44650 | 0.0% | – |
| FAIRPOINT COMMUNICA | FRP | 39322 | -2.9% | (1,138) |
| RC2 CORP | RCRC | 34215 | 0.0% | – |
| ASHFORD HOSPITALITY | AHT | 33060 | -10.7% | (3,521) |
| QUEST SOFTWARE INC | QSFT | 33007 | -8.0% | (2,646) |
| PRIDE INTERNATIONAL | PDE | 32213 | 0.0% | – |
| BEAZER HOMES USA INC | BZH | 32005 | -21.6% | (6,918) |
| EMERGENCY MEDICAL SERV | EMS | 31795 | 0.0% | – |
| RALCORP HOLDINGS INC | RAH | 27372 | -1.8% | (498) |
| WILMINGTON TRUST CORP | WL | 23210 | 0.0% | – |
| MCCLATCHY CO | MNI | 20060 | -17.5% | (3,520) |
| ALBERTO CULVER CO NEW | ACV | 18635 | 0.0% | – |
| DEX ONE CORP | DEXO | 17794 | -12.8% | (2,281) |
| COOPER COMPANIES INC | COO | 17404 | -2.8% | (493) |
| SUPERMEDIA INC | SPMD | 16271 | -4.8% | (787) |
| P M I GROUP INC | PMI | 13500 | -25.5% | (3,445) |
| MEDICIS PHARMACEUTICAL | MRX | 9649 | -2.7% | (265) |
| ST JUDE MEDICAL INC | STJ | 8714 | -5.8% | (504) |
| SEAGATE TECHNOLOGY | STX | 7200 | -11.3% | (814) |
| SALIX PHARMACEUTICALS | SLXP | 4904 | -11.3% | (556) |
| CHEMTURA CORP | CHMT | 3123 | -9.3% | (292) |
