John Paulson’s 10 New Stock Picks

John Paulson is the most successful hedge fund manager of the past four years. He made $4 billion by betting against subprime mortgage investments in 2007 and another $5 billion by betting on gold and the recovery of the economy in 2010. His gold investments are his savior in 2011 as well. Paulson’s Paulson & Co. manages separate client-focused portfolios, employing merger arbitrage, long/short, and event-driven strategies. Paulson uses fundamental analysis to make his investments.

During the second quarter John Paulson dumped half of his stake in Bank of America (BAC) and Comcast (CMCSA). Each of these transactions were about $600 Million. Paulson also sold a fifth of his stake in Citigroup (C). This transaction was than $300 Million. What did Paulson buy with the proceeds from these transactions? Here are John Paulson’s 10 new stock picks:

1. LIFE TECHNOLOGIES CORP (LIFE): $392 Million

2. SAVVIS INC (SVVS): $225 Million

3. NEWS CORP (NWSA): $184 Million

4. SOUTHERN UN CO (SUG): $182 Million

5. MOSAIC CO (MOS): $152 Million

6. TENET HEALTHCARE CORP (THC): $125 Million

7. WALTER ENERGY INC (WLT): $116 Million

8. GRIFOLS S A (GRFS): $107 Million

9. NYSE EURONEXT (NYX): $103 Million

10. MGM RESORTS INTL  Bonds (MGM): $83 Million