Allergan Inc. (AGN), DIRECTV (DTV), Covidien plc (COV): Paulson & Co’s New Stock Picks in Q2

In its latest 13F filing with the U.S. Securities and Exchange Commission, Paulson & Co, managed by John Paulson, has disclosed its equity portfolio for the second quarter of 2014. The fund’s portfolio has a reported market value of $23.1 billion. Over the second quarter, Paulson & Co acquired more than 8 new stocks, sold out over six stocks, and reduced holdings in more than 13 stocks. In this piece, we are going to talk about top new holdings in terms of value.

largest hedge funds in the world

Allergan Inc. (NYSE:AGN) is on the first spot. Paulson & Co holds 5.60 million shares of the company, with a reported value of more than $940 million. Allergan Inc. (NYSE:AGN) is a multi-specialty health care company, with a market cap $46.24 billion. For the second quarter of 2014, the company reported $1.37 diluted earnings per share attributable to stockholders, compared to $1.17 diluted earnings per share attributable to stockholders in the same quarter of last year.

Samuel Isaly’s Orbimed Advisors disclosed owning 1.54 million shares, and Highfields Capital Management, led by Jonathon Jacobson, reported holding 629,043 shares of Allergan Inc. (NYSE:AGN).

Another newcomer is DIRECTV (NASDAQ:DTV), in which the fund disclosed ownership of 10 million shares, worth $850.1 million. DIRECTV (NASDAQ:DTV) is a provider of digital television entertainment services, with a market cap of more than $40 billion. In May, AT&T (NYSE:T) entered into an agreement to acquire DIRECTV (NASDAQ:DTV) in a stock-and-cash transaction. The purchase price implies a total equity value of $48.5 billion and a total transaction value of $67.1 billion, including the company’s net debt. The deal is expected to close within approximately 12 months, according to a press release.

In its latest 13F, Warren Buffett’s Berkshire Hathaway revealed holding 23.47 million shares of DIRECTV (NASDAQ:DTV). Another hedge fund, Harris Associates, wholly owned by Natixis Global Asset Management, reported owning 376,814 shares of the company.

Covidien plc (NYSE:COV) is occupying the third spot. Paulson & Co holds 7.0 million shares of the company, with a reported value of nearly $632 million. Covidien plc (NYSE:COV) is a global health care leader that has a market cap of $39.4 billion. For the third quarter of fiscal 2014, the company reported operating income of $366 million, versus $542 million in the same period the year before. Third-quarter net sales of $2.69 billion increased 4%, both on a reported and on an operational basis, from the $2.58 billion in the third quarter a year ago.

In its recent 13F filing, Nancy Havens-Hasty’s Havens Advisors revealed a $9.4 million stake in Covidien plc (NYSE:COV), containing 104,000 shares of the company. Zug, Switzerland-based Argentiere Capital, led by Deepak Gulati, reported owning 438,000 shares of the company, with a reported value of $39.5 million.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!