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 |
Teva Pharmaceuticals
TEVA
|
+$1.04B |
| 2 |
Perrigo
PRGO
|
+$539M |
| 3 |
CIT
CIT Group Inc.
CIT
|
+$314M |
| 4 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$273M |
| 5 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$1.06B |
| 2 |
HMHC
Houghton Mifflin Harcourt Company
HMHC
|
+$308M |
| 3 |
CSC
Computer Sciences
CSC
|
+$227M |
| 4 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$216M |
| 5 |
CVC
CABLEVISION SYS CP NY GRP CL-A
CVC
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 46.12% |
| 2 | Communication Services | 14.45% |
| 3 | Real Estate | 7.43% |
| 4 | Financials | 6.99% |
| 5 | Consumer Discretionary | 5.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
Allergan plc
AGN
| $1.95B | 10.13% |
7,182,000
+7,800
| +0.1% | +$2.4M |
|
2
Bausch Health
BHC
$2.41B
| $1.59B | 8.23% |
8,890,000
-110,000
| -1% | -$25.7M |
|
|
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.46B | 7.56% |
8,123,000
| – | – |
|
|
SHPG
4
DELISTED
Shire pic
SHPG
| $1.4B | 7.25% |
6,805,200
-289,900
| -4% | -$69M |
|
|
HOT
5
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $1.04B | 5.38% |
15,595,000
+3,595,600
| +30% | +$273M |
|
|
6
Teva Pharmaceuticals
TEVA
$43.5B
| $1.02B | 5.28% |
18,000,000
+15,969,500
| +786% | +$1.04B |
|
7
SPDR Gold Trust
GLD
$152B
| $987M | 5.12% |
9,234,852
| – | – |
|
8
T-Mobile US
TMUS
$196B
| $937M | 4.87% |
23,547,600
-297,300
| -1% | -$11.9M |
|
9
Viatris
VTRS
$18.7B
| $882M | 4.58% |
21,913,061
| – | – |
|
10
American International
AIG
$39.8B
| $830M | 4.31% |
14,603,200
| – | – |
|
|
STAY
11
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $800M | 4.15% |
47,661,591
| – | – |
|
|
GRFS
12
Grifois
GRFS
$5.44B
| $539M | 2.8% |
35,458,280
-183,800
| -0.5% | -$2.92M |
|
|
13
Perrigo
PRGO
$1.98B
| $462M | 2.4% |
+2,938,500
| New | +$539M |
|
|
MNK
14
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $422M | 2.19% |
6,594,193
| – | – |
|
15
HCA Healthcare
HCA
$92.9B
| $365M | 1.89% |
4,711,900
| – | – |
|
|
CIE
16
DELISTED
Cobalt International Energy, Inc
CIE
| $296M | 1.53% |
2,783,407
| – | – |
|
|
CIT
17
DELISTED
CIT Group Inc.
CIT
| $277M | 1.44% |
+7,007,346
| New | +$314M |
|
|
HOUS
18
DELISTED
Anywhere Real Estate
HOUS
| $265M | 1.38% |
7,042,300
| – | – |
|
|
CVC
19
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $253M | 1.31% |
7,800,000
-4,600,000
| -37% | -$125M |
|
|
PCP
20
DELISTED
PRECISION CASTPARTS CORP
PCP
| $230M | 1.19% |
+1,000,000
| New | +$215M |
|
21
Post Holdings
POST
$3.65B
| $219M | 1.14% |
5,662,768
+1,268,240
| +29% | +$49.8M |
|
22
AngloGold Ashanti
AU
$61.3B
| $205M | 1.06% |
25,027,300
-1,000,000
| -4% | -$7.4M |
|
|
CAM
23
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $184M | 0.95% |
+3,000,000
| New | +$166M |
|
|
ALTR
24
DELISTED
Altera Corp
ALTR
| $175M | 0.91% |
+3,486,600
| New | +$173M |
|
|
WLL
25
DELISTED
Whiting Petroleum Corporation
WLL
| $147M | 0.76% |
32,000
-9,395
| -23% | -$58.1M |
|
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John Paulson's Q3 2015 Portfolio in Review
As of Q3 2015, John Paulson held 70 positions worth $19.3B, down 11% from $21.7B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
John Paulson deployed $812M of net new capital in Q3 2015, opening 9 new positions and adding to 6 existing holdings. Its largest new stake was Perrigo: 2,938,500 shares worth $462M.
By sector, the portfolio is most concentrated in Healthcare at 46% of assets, up from 43% a quarter earlier, followed by Communication Services and Real Estate.
On the sell side, the largest reduction was Computer Sciences, an estimated $227M trimmed.
- John Paulson's largest Q3 2015 buy was Perrigo: 2,938,500 shares worth $462M.
- John Paulson added most to Teva Pharmaceuticals in Q3 2015, an estimated $1.04B increase.
- John Paulson's biggest Q3 2015 reduction was Computer Sciences, cutting an estimated $227M.
- John Paulson fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $1.06B.
- John Paulson's ten largest holdings make up 63% of its $19.3B portfolio in Q3 2015.
- John Paulson opened 9 new positions and closed 5 in Q3 2015.
- John Paulson's portfolio value fell 11% quarter-over-quarter to $19.3B.
Based on Paulson & Co's 13F filing for Q3 2015, filed 16 Nov 2015.