Hedge fund guru John Paulson didn’t back down from banks last quarter, according to a 13F filing released late yesterday. In the quarter ended in December, he increased his stakes in Citigroup, Bank of America, JP Morgan Chase and Suntrust Bank. He also bought in Apollo Group and Kraft Food – probably related to the former’s anticipated IPO and the latter’s acquisition of Cadbury.

Hedge funds are required to make quarterly disclosure of their stock positions, and Paulson’s 13F shows that the value of his stock portfolio dropped to $19.8 billion at the end of the 4Q from $20.46 billion at Sept. 30. It’s hard to know whether this is due to losses in these positions or simply money moving from stocks into other securities, which don’t need to be disclosed.

Here’s a nice breakdown from Streetinsider.com.