John Paulson Paulson & Co
John Paulson is the founder of Paulson & Co., a firm that became world-famous for profits related to the 2007–2008 housing and credit crisis. Beyond that landmark trade, the firm has pursued merger arbitrage, event-driven, and opportunistic credit and equity strategies. Paulson remains one of the most recognized names in modern hedge fund history.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$254M |
| 2 |
HAR
Harman International Industries
HAR
|
+$82.4M |
| 3 |
BEAV
B/E Aerospace Inc
BEAV
|
+$75.8M |
| 4 |
International Seaways
INSW
|
+$49.4M |
| 5 |
NXP Semiconductors
NXPI
|
+$37.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$267M |
| 2 |
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
|
+$136M |
| 3 |
SHPG
Shire pic
SHPG
|
+$81.8M |
| 4 |
Biogen
BIIB
|
+$75.8M |
| 5 |
VMW
VMware, Inc
VMW
|
+$71.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 52.69% |
| 2 | Consumer Discretionary | 11.7% |
| 3 | Communication Services | 5.62% |
| 4 | Technology | 4.96% |
| 5 | Materials | 4.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Kamada
KMDA
$475M
| $3.98M | 0.05% |
730,800
| – | – |
|
77
PUT
GoPro
GPRO
$116M
| $3.48M | 0.04% |
+400,000
| New | +$4.59M |
|
78
Cboe Global Markets
CBOE
$31.4B
| $2.84M | 0.04% |
38,412
| – | – |
|
79
Insmed
INSM
$27.5B
| $2.71M | 0.03% |
205,200
| – | – |
|
80
CALL
BioCryst Pharmaceuticals
BCRX
$2.44B
| $2.22M | 0.03% |
+350,000
| New | +$1.82M |
|
81
Dollar General
DG
$27.2B
| $2.19M | 0.03% |
+29,600
| New | +$2.16M |
|
|
MJN
82
DELISTED
Mead Johnson Nutrition Company
MJN
| $2.18M | 0.03% |
30,800
-47,700
| -61% | -$3.56M |
|
83
FedEx
FDX
$76.9B
| $2.05M | 0.03% |
11,000
-95,800
| -90% | -$17.6M |
|
84
Shopify
SHOP
$192B
| $1.75M | 0.02% |
407,000
-335,000
| -45% | -$1.41M |
|
|
WCIC
85
DELISTED
WCI Communities, Inc.
WCIC
| $1.64M | 0.02% |
70,000
| – | – |
|
|
ALDR
86
DELISTED
Alder Biopharmaceuticals
ALDR
| $1.54M | 0.02% |
74,000
| – | – |
|
|
ESPR
87
DELISTED
Esperion Therapeutics
ESPR
| $1.28M | 0.02% |
102,000
| – | – |
|
88
Travere Therapeutics
TVTX
$6.19B
| $1.04M | 0.01% |
+55,000
| New | +$1.12M |
|
|
AKAO
89
DELISTED
Achaogen Inc
AKAO
| $944K | 0.01% |
+72,500
| New | +$497K |
|
90
Rigel Pharmaceuticals
RIGL
$857M
| $923K | 0.01% |
38,770
-41,730
| -52% | -$1.2M |
|
91
Alnylam Pharmaceuticals
ALNY
$31.6B
| $723K | 0.01% |
19,300
| – | – |
|
|
DVAX
92
DELISTED
Dynavax Technologies
DVAX
| $687K | 0.01% |
174,000
| – | – |
|
93
Puma Biotechnology
PBYI
$477M
| $482K | 0.01% |
15,690
-68,810
| -81% | -$2.98M |
|
|
94
BioCryst Pharmaceuticals
BCRX
$2.44B
| $333K | ﹤0.01% |
52,600
-310,500
| -86% | -$1.62M |
|
|
ARDM
95
DELISTED
Aradigm Corp Common Stock
ARDM
| $308K | ﹤0.01% |
192,727
+45,809
| +31% | +$201K |
|
|
OSG
96
DELISTED
Overseas Shipholding Group Inc.
OSG
| $274K | ﹤0.01% |
71,602
+26,463
| +59% | +$193K |
|
97
Celldex Therapeutics
CLDX
$3.17B
| $251K | ﹤0.01% |
4,720
| – | – |
|
98
Liberty Latin America Class A
LILA
$1.66B
| $110K | ﹤0.01% |
7,793
| – | – |
|
|
NVDQ
99
PUT
DELISTED
Novadaq Technologies Inc.
NVDQ
| $25K | ﹤0.01% |
+500,000
| New | +$4.54M |
|
100
CVS Health
CVS
$119B
| – | – |
-122,200
| Closed | -$10.9M |
|
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John Paulson's Q4 2016 Portfolio in Review
As of Q4 2016, John Paulson held 120 positions worth $7.93B, down 14% from $9.23B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
John Paulson withdrew a net $532M in Q4 2016, closing 18 positions and reducing 40 holdings. Its most notable exit was T-Mobile US, an estimated $44.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 53% of assets, down from 58% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, John Paulson opened a new position in Time Warner Inc worth $276M.
- John Paulson's largest Q4 2016 buy was Time Warner Inc: 2,855,900 shares worth $276M.
- John Paulson added most to International Tower Hill Mines in Q4 2016, an estimated $20.7M increase.
- John Paulson's biggest Q4 2016 reduction was American International, cutting an estimated $267M.
- John Paulson fully exited T-Mobile US in Q4 2016, selling an estimated $44.6M.
- John Paulson's ten largest holdings make up 63% of its $7.93B portfolio in Q4 2016.
- John Paulson opened 26 new positions and closed 18 in Q4 2016.
- John Paulson's portfolio value fell 14% quarter-over-quarter to $7.93B.
Based on Paulson & Co's 13F filing for Q4 2016, filed 14 Feb 2017.