NMRK - Paulson exits Exxon cuts stake in Occidental adds ironSource & ups Bausch Health holding

• Hedge fund Paulson & Co. exited its stake in oil major Exxon Mobil ( NYSE: XOM ) in Q2 and pared its existing holding in Occidental Petroleum ( NYSE: OXY ) by nearly 20%, according to its latest 13F filing .
• The fund, created and led by U.S. billionaire John Paulson, sold 1M shares of XOM to exit the company, while cutting its stake in OXY by 19.4% to 2.5M shares from 3.1M shares in Q1. Paulson also shed its stake in the VanEck Vectors Oil Services ETF ( OIH ).
• Other notable exits were in ride-hailing firm DiDi Global ( OTCPK:DIDIY ), Brazilian telecom company TIM ( TIMB ) and the SPDR Gold Trust ETF ( GLD ).
• Paulson picked up a stake of 7.5M class A ordinary shares in Israeli software company ironSource ( IS ) and 500K class A shares in virtualization software company VMware ( VMW ).
• The fund cut its stake in commercial real estate services provider Newmark Group ( NMRK ) by 8.2% to 1.28M class A shares.
• Paulson increased its stake in Bausch Health Companies ( BHC ) slightly by 2.3% to 26.4M shares. Earlier in Q2, BHC said it had appointed John Paulson as chairman to replace Joseph Papa.

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