John Paulson Adds Facebook, Office Depot; Sheds T-Mobile, Allergan

By Markets MarketWatch Pulse

Hedge-fund manager John Paulson shed large portions of positions in T-Mobile US Inc. and Activision Blizzard Inc. , while creating a new position in Facebook Inc. and doubling his stake in Office Depot Inc. in the second quarter, according to a filing with the Securities and Exchange Commission Monday. Paulson & Co. cut its 14.6-million share stake in T-Mobile to just under 1 million shares, while doubling its stake in Office Depot to 15.7 million shares from 7.8 million. The hedge fund also created a 144,000-share stake in Facebook. Paulson also trimmed its position in Allergan PLC , and dropped a position in CIT Group Inc. , while adding positions of Take-Two Interactive Software Inc. , VMware Inc. , Johnson & Johnson Inc. and FedEx Corp.

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