John Paulson Is Decreasing His Position In These 7 Stocks
By Lalit Sharma:
John Paulson is the founder and president of Paulson & Co., a New York based hedge fund with $30 billion in assets under management. He is famous for his bet against subprime mortgages in the last downturn. The billionaire businessman earned $3.7 billion dollars in 2008 by shorting mortgage back securities. More recently in 2010 he made $4.9 billion from his portfolio. His
is not doing too well in 2011, but it is still worth looking at his latest stock picks given his success in directional bets in the recent past.
I discussed top new buys of John Paulson in a previous article. In addition to new buys, it is also interesting to look at top companies where Paulson & Co. is booking profit and selling its holdings.
The following is a list of top stocks where Paulson & Co. is decreasing its holdings:
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