There isn't a separate line listing his preferred FnF holdings. So, it's got to be under "Very small holdings". And this has been reduced from $64 million to $23 million. Without John Paulson there's no Moelis plan. Just another strike against conversion.
Let's count the strikes: 1) Not in Calabria's capitalization plan. 2) Not requested by any plaintiff. 3) John Paulson, Godfather of conversion, has reduced or eliminated his preferred shares.