UPDATE 1-Paulson & Co held on to gold in 4th quarter, others cut
* Paulson kept 21.8 million shares of SPDR Gold Trust
* Resulted in paper loss of about $215 mln as gold slipped
* Soros, Robertson and PIMCO cut gold stakes
By Frank Tang
NEW YORK, Feb 14 (Reuters) - Prominent hedge fund manager John Paulson continued to hold significant gold investments in the fourth quarter of 2012, even as other investors pulled out.
Notable institutional investors, including George Soros, Julian Robertson and Allianz's PIMCO reduced their bets on gold during the quarter, when bullion posted its biggest quarterly loss in more than four years.
(For a table showing fund ownership changes )
Paulson & Co owned 21.8 million shares in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust , at the end of December, unchanged from Sept. 30, a filing with the U.S. Securities & Exchange Commission showed on Thursday.
"That's a good sign as he's a big player. It shows that he still has long-term faith in the market," said Bill O'Neill, a partner in commodities investment firm LOGIC Advisors. Continued...