Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

$100 Million Bank Account Probably Belongs to John Paulson

After seeing this article we decided to join the conversation about the owner of a $100 Million Capital One savings account. First of all if you have $100 Million in a savings account at a not “too big to fail” bank, you are pretty confident that this bank is safe. It is also likely that you have at least some ownership interest in this bank. Several articles suggested that this $100 Million account belongs to David Tepper. David Tepper’s Appaloosa doesn’t own a single share of Capital One. However, the following hedge fund managers have millions of shares of COF:


1. Paulson & Co – John Paulson: John Paulson had $935 Million in COF at the end of first quarter. This is by far the largest position in COF among the 300+ hedge funds we track.

2. ESL Investments – Edward Lampert: Eddie Lampert had $382 Million in COF. Unfortunately Lampert lives in Connecticut.

3. Legg Mason Capital Management – Bill Miller: Miller had $194 Million in COF. We don’t he is the owner of this account.

4. Steadfast Capital Management – Robert Pitts: Steadfast Capital had $152 Million in COF. We don’t think Robert Pitts has this kind of money.

5. Maverick Capital – Lee Ainslie: Maverick had $137 Million in COF at the end of March. Unfortunately Lee Ainslie lives in Texas.

We believe this $100 Million account probably belongs to John Paulson. He lives in that neighborhood too.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.