Founded in 1994, Paulson & Co. Inc’s focus are banking institutions, client-focused portfolios, pooled investment vehicles and public equity markets. Its specialty include credit strategies, event arbitrage, and global mergers. In its SEC 13F filing dated November 14, 2014, it reports a portfolio value of $23 billion as of September 30, 2014. Covidien Plc (COV), Time Warner Cable, Inc (TWC), and Allergan, Inc. (AGN) are among its primary stock holdings.
Covidien Plc (COV) is the primary investment of Paulson & Co. Inc. with a total investment value of $1.09 billion by the end of the third quarter. A leading global company in healthcare, Covidien recently reported strong sales that beat estimates for the fourth quarter, with earnings up to a 39%, Another hedge fund with a large investment in Covidien is Eton Park, which holds about $335.7 million worth of shares as of September 30. (You can see complete list of hedge funds which holds positions on COV at the end of second quarter)
Time Warner Cable Inc (TWC) has a $1.05 billion worth of investment from Paulson & Co., Inc. for a total of about 7 million shares. Comcast Corporation (CMCSA) recently offered to buy Time Warner Cable for an amount of $45 billion, but regulators are still scrutinizing if the buy-out deal would not be anti-competition. The merger, once approved by authorities, would be a combination of the two largest cable company in the U.S.
Allergan, Inc (AGN) is the third largest investment of Paulson & Co. Inc at an amount of P958 million for some 5 million shares. Apart from Paulson. Allergan counts among its investors Pershing Square Capital Management, York Capital Management, and Viking Global Investors. Allergan recently featured in a buy-out transaction worth about $65 billion, which sent its shares soaring up 1.2% last Friday to 5.6% today.
This article has been written by Nonito Guntan and edited by Serkan Unal.