by Lawrence Williams, MineWeb.com
Über investors George Soros and John Paulson appear to have strengthened their faith in gold holdings, while Jeffrey Vinik and Eric Mindich have thrown in the towel.
Paulson & Co.’s John Paulson and George Soros and his Soros Fund increased their holdings, while Vinik Assessment Management’s Jeffrey Vinik and Eton Park Capital’s Eric Mindich dumped their shares in the SPDR Gold Trust as of June 30th.
Paulson increased his holdings by 26% in SPDR Gold from 17,310,952 shares as of the first quarter of this year to 21,837,552 shares of as the end of the second quarter, SEC filings show.
The Soros Fund more than doubled its holdings in SPDR Gold Trust from 319,550 shares in the first quarter to 884,400 shares in the second quarter according to SEC filings.
Reuters reported that it was the first time Paulson & Co. had increased its position in the world’s largest gold ETF since the first quarter of 2009 when the fund originally acquired 31.5 million shares.