Paulson & Co., the hedge fund founded by John Paulson, took a new stake in Hewlett Packard
Co. valued at about $1 billion and bought shares in Lubrizol Corp.
Paulson bought 25 million shares in Hewlett-Packard and acquired 6 million shares in Lubrizol valued at about $804 million. The fund added shares of Transocean Ltd. and kept its stake in SPDR Gold Shares
Steven A. Cohen’s SAC
Capital Advisors LP boosted
stakes in Newmont Mining
Corp., CenturyLink Inc. and
Third Point LLC, run by Daniel Loeb, increased its stakes in energy companies by 18 percent
in the first quarter.
The New York-based fund purchased 11 million shares of Houston-based El Paso Corp.,
valued at $198 million. El Paso, which provides natural gas and related energy products, is the
firm’s biggest U.S.-listed holding.
Third Point also bought 2.5 million shares in San Antonio-based Tesoro Corp., valued at $67.1
million. Tesoro is the largest independent refiner on the U.S. West Coast.
Harbinger Holdings LLC, the hedge fund run by Philip Falcone, bought shares of food company
Bunge Ltd. in the first quarter and sold shares of SPDR Gold Trust.
George Soros sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares
Gold Trust funds in the first quarter and bought shares of mining companies Goldcorp Inc. and
Freeport-McMoRan Copper & Gold Inc.
Eric Mindich’s Eton Park Capital Management LP reduced its stake in the SPDR Gold Trust,
an exchange-traded fund, by 48 percent.
David Einhorn’s Greenlight
Capital Inc. said it bought new
stakes in Best Buy Co., CVS
Caremark Corp. and General
Motors Co., while selling healthcare
and financial stocks.
The New York-based hedge
fund also built new positions in
HCA Holdings Inc., Seagate
Technology Plc and Amdocs
Ltd. A purchase of Yahoo! Inc.
shares was already announced
Moore Capital Management LLC, the $15 billion hedge fund run by Louis Moore Bacon,
bought stakes in energy companies including Marathon Oil Corp., EOG Resources Inc.
and Massey Energy Co.
The hedge fund also boosted its stake in Xcel Energy Inc.,
Trian Fund Management LP, the hedge fund run by billionaire Nelson Peltz, disclosed
that it has acquired a 9.7 percent stake in Domino’s Pizza Inc.
Tudor Investment Corp., the hedge fund founded by Paul
Tudor Jones, added 360 new stocks to its portfolio and sold off
282 holdings in the first quarter. The fund acquired $100 million
worth of Consumer Staples Select Sector SPDR, making the
ETF its largest holding as of March 31 at nearly 11 percent of the
portfolio. Tudor closed positions in the S&P 500 ETF, Citigroup
Inc. and AT&T Inc., to name the largest three by market cap. It
also increased its exposure to China, through the iShares FTSE
China 25 Index Fund, and to broader emerging markets, through
the iShares MSCI Emerging Markets Index.
Tudor increased its holdings of
Google Inc., Microsoft Corp., Dell
Inc. and Activision Blizzard Inc.
to boost the information technology
portion of its portfolio. The growth
of its energy book came in large
part by increasing stakes of Noble
Energy Inc., Exxon Mobil Corp.
and Devon Energy Co. Sell-offs of
Barrick Gold Corp., Noranda Aluminum
Holding Corp. and Airgas
Inc. helped drive the decrease in
materials holdings. The fund also
lowered its exposure to WD-40 Co.,
SuperValu Inc., Avon Products
Inc. and Tyson Foods Inc., which
contributed to the decrease in consumer