John Paulson Dumped Half Of His Gold ETF Holdings

John Paulson’s new 13F quarterly regulatory filingis out.

The highlight of the filing is that he’s scaled back on his gold position.

At the end of Q2, Paulson held just 10,234,852 shares of SPDR Gold Trust, down from 21,837,552 shares in Q1.

Paulson, who made a name for himself by shorting subprime mortgages when the housing bubble burst, has been getting crushed by his bet on gold.

The yellow metal is down by more than 20 % since the beginning of the year.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at