What John Paulson is buying now
The New York-based fund added 17.3 million shares of Transocean Ltd., lifting its stake to 7.7 % — making Paulson the largest holder of the world's largest offshore driller. Transocean, the owner/operator of the Deepwater Horizon drilling rig that exploded in the Gulf of Mexico, was sued by BP Plc last month for damages related to the oil spill. Transocean stock has dropped about 26% since the disaster. This month, the company reported its biggest 1Q profit decline in nine years. (Photo: Bloomberg)