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 |
CA
CA, Inc.
CA
|
+$235M |
| 2 |
Dell
DELL
|
+$185M |
| 3 |
NLSN
Nielsen Holdings plc
NLSN
|
+$94.2M |
| 4 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$58.1M |
| 5 |
DNB
Dun & Bradstreet
DNB
|
+$57.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$94.6M |
| 2 |
Vistra
VST
|
+$87.5M |
| 3 |
EGN
Energen
EGN
|
+$55M |
| 4 |
AGN
Allergan plc
AGN
|
+$50.9M |
| 5 |
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
|
+$47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 41.05% |
| 2 | Communication Services | 19.79% |
| 3 | Technology | 14.99% |
| 4 | Materials | 6% |
| 5 | Financials | 2.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bausch Health
BHC
$2.41B
| $535M | 10.01% |
20,839,035
| – | – |
|
|
SHPG
2
DELISTED
Shire pic
SHPG
| $517M | 9.68% |
2,852,200
+50,000
| +2% | +$8.65M |
|
3
SPDR Gold Trust
GLD
$152B
| $487M | 9.12% |
4,320,022
| – | – |
|
4
Viatris
VTRS
$18.7B
| $421M | 7.88% |
11,505,400
-37,600
| -0.3% | -$1.41M |
|
|
DISCK
5
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $362M | 6.77% |
12,230,700
+2,230,700
| +22% | +$58.1M |
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $309M | 5.78% |
1,621,500
-277,224
| -15% | -$50.9M |
|
|
CA
7
DELISTED
CA, Inc.
CA
| $241M | 4.5% |
+5,450,000
| New | +$235M |
|
8
NXP Semiconductors
NXPI
$56.9B
| $220M | 4.12% |
2,575,200
+561,200
| +28% | +$53.8M |
|
|
9
Dell
DELL
$286B
| $189M | 3.55% |
+6,948,314
| New | +$185M |
|
|
DISH
10
DELISTED
DISH Network Corp.
DISH
| $178M | 3.33% |
4,973,500
| – | – |
|
|
11
T-Mobile US
TMUS
$196B
| $171M | 3.19% |
2,430,000
-1,472,560
| -38% | -$94.6M |
|
|
ENDP
12
DELISTED
Endo International plc
ENDP
| $145M | 2.72% |
8,626,900
-547,600
| -6% | -$7.78M |
|
|
HZNP
13
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $140M | 2.63% |
7,170,700
-500,000
| -7% | -$9.51M |
|
|
AABA
14
DELISTED
Altaba Inc
AABA
| $118M | 2.2% |
1,727,341
-100,000
| -5% | -$7.05M |
|
15
AngloGold Ashanti
AU
$61.3B
| $110M | 2.05% |
12,782,400
| – | – |
|
|
NLSN
16
DELISTED
Nielsen Holdings plc
NLSN
| $96.8M | 1.81% |
+3,500,000
| New | +$94.2M |
|
|
VIAB
17
DELISTED
Viacom Inc. Class B
VIAB
| $86.9M | 1.63% |
2,573,000
| – | – |
|
18
NovaGold Resources
NG
$3.83B
| $81.6M | 1.53% |
21,992,896
| – | – |
|
|
AET
19
DELISTED
Aetna Inc
AET
| $72.6M | 1.36% |
357,700
+77,400
| +28% | +$15.1M |
|
20
TIM SA
TIMB
$8.52B
| $72.5M | 1.36% |
5,000,000
| – | – |
|
21
AT&T
T
$173B
| $70.4M | 1.32% |
2,777,352
-371,095
| -12% | -$9.09M |
|
|
TFCF
22
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $68.7M | 1.29% |
1,500,000
+89,000
| +6% | +$4.04M |
|
23
International Seaways
INSW
$4.93B
| $61.7M | 1.16% |
3,084,100
-372,673
| -11% | -$7.74M |
|
|
DNB
24
DELISTED
Dun & Bradstreet
DNB
| $59.9M | 1.12% |
+420,000
| New | +$57.1M |
|
|
MNK
25
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $58.6M | 1.1% |
2,000,000
-1,670,992
| -46% | -$47M |
|
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John Paulson's Q3 2018 Portfolio in Review
As of Q3 2018, John Paulson held 69 positions worth $5.34B, up 9.1% from $4.9B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
John Paulson deployed $198M of net new capital in Q3 2018, opening 15 new positions and adding to 6 existing holdings. Its largest new stake was CA, Inc.: 5,450,000 shares worth $241M.
By sector, the portfolio is most concentrated in Healthcare at 41% of assets, down from 42% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was T-Mobile US, an estimated $94.6M trimmed.
- John Paulson's largest Q3 2018 buy was CA, Inc.: 5,450,000 shares worth $241M.
- John Paulson added most to Discovery, Inc. Series C Common Stock in Q3 2018, an estimated $58.1M increase.
- John Paulson's biggest Q3 2018 reduction was T-Mobile US, cutting an estimated $94.6M.
- John Paulson fully exited Vistra in Q3 2018, selling an estimated $87.5M.
- John Paulson's ten largest holdings make up 65% of its $5.34B portfolio in Q3 2018.
- John Paulson opened 15 new positions and closed 11 in Q3 2018.
- John Paulson's portfolio value rose 9.1% quarter-over-quarter to $5.34B.
Based on Paulson & Co's 13F filing for Q3 2018, filed 14 Nov 2018.