John Paulson is the name we all are well familiar of, especially when we talk about hedge funds and betting. But, the personality has done something new this time.

The billionaire hedge fund manager of Paulson & Co., Mr. John Paulson has become the third largest holder of voting rights in the media conglomerate after first two positions being secured by the Murdoch family and Prince Alwaleed bin Talal (the Saudi investor with 7%controls).

Paulson is a name that is popular for betting on subprime mortgages (before they collapse) and buying banks (after they collapse). Moreover, the betting game last year earned Paulson a record breaking amount of money for his clever game in which, he managed a good amount of hedge fund while betting on gold and fewer banks.

Despite news of ongoing issues of Paulson & Co.’s funds such as the company’s poor performance in financial sector and the news of its involvement as a large investor in Sino Forest (the Chinese timber and wood company that is currently under scrutiny due to accusations of fraud), Paulson played the bet and succeeded.

Reports have been confirmed from the submissions made by Paulson & Co., which filed its 13F on Monday, November 14, 2011. In the file, the company has clearly mentioned about the transactions that it made regarding the hedge fund during the third quarter.

The filing has confirmed that the Paulson has recently made its largest new purchase of Motorola Mobility Holdings (MMI) by purchasing nine million shares of the company, valuing approximately $340 million at the end of the third quarter.

Some other details includes reports of company’s purchase of 9.17 million shares of Nalco Holding Co (NLC) worth about $320 million, 14.7 million shares of News Corp (NWS) worth over $229 million, $160 million worth of AMC Networks (AMCX) and $140 million worth of Interdigital (IDCC).