Friday, January 14, 2011

SPDR Gold Trust (NYSE:GLD), AngloGold Ashanti (NYSE:AU), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Hartford Financial Services (NYSE:HIG) Top Ho

Even though gold prices have been getting hit hard so far in 2011, that hasn't stopped John Paulson from keeping about 25 percent of his fund loaded with gold, including his top holding of SPDR Gold Trust (NYSE:GLD), which accounts for 17.6 percent of the fund, and AngloGold Ashanti (NYSE:AU), which accounts for 8.28 percent of the fund. Other top holdings include Bank of America (NYSE:BAC), Citigroup(NYSE:C) and Hartford Financial Services Group (NYSE:HIG) Bank of America makes up 7.8 percent of Paulson & Co.; Citigroup 7.24 percent; and Hartford Financial Services Group Inc. 4.41 percent, making up the top five holdings in the fund as of the last filing.

Paulson's fund has been soaring since 2007, rising by 175 percent while the Dow was losing 15 percent. As of the end of the fourth quarter of 2010, the fund was valued at $22.9 billion.

what's caught the eye of investors is this growth occured during one of the worst market downturns in the last century.

No comments: