NEW YORK (
) -- Hedge fund manager John Paulson added
to his portfolio in the second quarter, even as the firm battled charges of fraud for failing to disclose his role in the portfolio selection of a complex trade.
According to the latest portfolio disclosure with the Securities and Exchange Commission, the fund bought more shares in other financials as well, including warrants of
Bank of America
, shares of regional bank
and investment banking outfit
Paulson also added to his exposure in insurance company
, while maintaining his holdings in
. He sold some of his holdings in
Gold continued to be among his top holdings. Paulson stepped up exposure to
and pharma major
, while cutting holdings in
Investors managing more than $100 million assets are required to report their holdings every quarter within 45 days from the end of the quarter in a 13F filing with the SEC. The managers do not need to disclose short positions or investments in non-U.S. listed securities, so the disclosure is only a partial view of holdings.
Markets follow the moves and portfolio disclosures of big investors to get cues on sectors and stocks worth looking at. However, information in these portfolios are often dated and the portfolio manager may have changed tack since the end of the last quarter.
-- Reported by Shanthi Venkataraman in New York.
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