John Paulson Sells More Delphi Automotive (DLPH) ~ market folly

Thursday, April 19, 2012

John Paulson Sells More Delphi Automotive (DLPH)

John Paulson's group of hedge funds at Paulson & Co just filed a Form 4 with the SEC regarding its position in Delphi Automotive (DLPH). We previously highlighted how Paulson was selling DLPH and he's at it again.

Per the filing, Paulson & Co was out selling DLPH shares on April 16th through 18th. In total, all their various entities sold just over 3 million shares.

As a reference point, the fine print says that Paulson's Enhanced Ltd owns 11.6 million shares, Recovery Master owns 3.3 million, Enhanced LP owns 2.9 million, International owns 3.9 million, Advantage Master owns 877,223 shares, Advantage Plus Master owns 1.4 million, and Paulson Partners owns just over 1 million shares.

In other recent portfolio activity, we've pointed out that Paulson keeps buying NovaGold Resources.

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