In May, billionaire John Paulson's hedge fund Paulson & Co. filed its 13F with the SEC, disclosing many of its long equity positions as of the end of March. Investment strategies can be developed based on 13F data as the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year. Five of John Paulson's new stock picks include Family Dollar, Hess, InterOil, MGIC Investment and Vodafone. (VIEW LINK)