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TheStreet Open House

4 Stocks John Paulson Is Buying

BALTIMORE ( Stockpickr) -- Give him a break -- John Paulson is having a tough year. Well, a tough couple of years, anyway.

In 2011, Paulson & Co. saw its funds got rocked by record losses. And this year, one of the firm's biggest funds, Advantage Plus, is down around 17% after June's rally shoved its value 7.9% lower according to data from Bloomberg. A big part of that poor performance comes from the big bets against the eurozone that Paulson has been making, buying credit default swaps and shorting European sovereign debt. As investors get more comfortable about the economic situation across the pond, those bets are hemorrhaging.

>>5 Stocks Insiders Love Right Now

And Paulson is getting publicly flogged for it. But I said that he deserves a break, after all, Paulson has publicly stated that his funds' goal is to outperform over time, not to outperform at all times. So he's sticking with his conviction bets -- and some of his stock positions are starting to look prescient.

That's why you should care about the stocks that John Paulson likes enough to buy right now -- and why we're taking a look at four of them today.

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To do that, we're digging into his firm's 13F. Institutional investors with more than $100 million in assets are required to file a 13F -- a form that breaks down their stock positions for public consumption. From hedge funds to mutual funds to insurance companies, any professional investors who manage more than that $100 million watermark are required to file a 13F. And with $15 billion in equity alone under management, Paulson & Co. certainly fits that description.

Without further ado, here's a look at four of his favorite stocks.

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