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John Paulson Lost 13% So Far in June: Here is How He Really Did it

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.

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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)
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