SPDR Gold Shares (NYSEArca: GLD), Bank of America (NYSE: BAC), CitiGroup (NYSE: C), Anglogold Ashanti (NYSE: AU), Hartford Financial Services (NYSE: HIG), ExxonMobil (NYSE: XOM), Goldman Sachs (NYSE: GS), Popular Inc. (Nasdaq: BPOP), Beazer Homes (NYSE: BZH)

In his latest 13-F filing (second quarter), John Paulson, of Paulson & Co., has disclosed his latest holdings to the Securities and Exchange Commission (SEC). No radical shifts in strategy can be inferred, but some sizable positions were initiated or were added to present holdings during the quarter.

Paulson continuing penchant for gold (NYSEArca: GLD), Bank of America (NYSE: BAC), CitiGroup (NYSE: C), Anglogold Ashanti (NYSE: AU), and, most recently with an increased holding to 44 million shares—Hartford Financial Services (NYSE: HIG), whereby Paulson added 31.3 million shares to the fund from last quarter’s 13-F.

As of June 30, the world’s largest hedge fund manager holds approximately $10.05 billion of his total clients’ money in these five names, representing nearly 44% of the total $23 billion reported to the SEC.

Further down in the list of Paulson’s top five are more gold stocks, banks, and a new and rather large position in ExxonMobil (NYSE: XOM) was taken since his last 13-F ended March 31. Paulson’s purchase of 9.17 million shares of XOM ($523 million) makes it his 10th largest holding by value.

Exxon’s valuation metrics look mighty attractive, with a forward P/E at less than nine and a PEG ratio of much less the one. It’s hard to go wrong here. It’s pretty clear the days of cheap oil are over. Though a substantial move into oil’s juggernaut won’t warrant Paulson’s pay, a position into Exxon is a safe move, nonetheless, given the climate of uncertainty on the Street.

Another notable addition to the fund—though not an impressive amount in Paulson’s world—includes a 1.1 million shares stake in Goldman Sachs (NYSE: GS), worth approximately $144.4 million. Does Paulson see something in Goldman that the queen of bank analysts, Meredith Whitney, doesn’t see? Maybe Paulson is privy to some information. He’s been known to hang around Goldman’s offices from time to time.

At less than 8-times next year’s projected earnings, G-Sachs is pretty cheap, even if Whitney’s negative assessment of future bank earnings comes to pass. And her prediction looks more and more as the likely scenario every day given the drastic flattening of the yield curve since June.

Goldman, though not a bank in the same sense as a Citi or Bank of America, will still most likely follow the banking sector up or down to some extent. Paulson’s loaded to the gills with Citi and Bank of America, betting on a global economic rebound, which, presumably, will include the U.S. and Europe. Did he not see the avalanche into bonds coming? Let’s assume bond traders are again far ahead of equity traders on this issue.

Paulson’s latest moves also included another bet on distressed bank assets. Popular Inc. (Nasdaq: BPOP), the retail and commercial bank, operating mostly in Puerto Rico, was included in Paulson’s fresh positions list. Popular’s price-to-book calculates to 0.66, a very low valuation, indeed, if his global-recovery thesis does pan out.

So far, though, Paulson may already have taken a bit of a hit on BPOP since his $178.7 million purchase of 66.66 million shares in the second quarter. Closing at $2.51 on Monday, BPOP never traded this low in the second quarter, and was further aided into the red following Moody’s announcement on July 30 that it may downgrade the stock.

After reviewing the entire list of Paulson & Co. holdings—78 in all—Paulson is betting heavily in three areas: gold, banks and energy.

Sprinkled throughout the list also include some hotel and lodging chains, casinos, healthcare companies, pharma, low-end retail, tech, and even a homebuilder, Beazer Homes (NYSE: BZH).

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BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.