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 |
CELG
Celgene Corp
CELG
|
+$289M |
| 2 |
Takeda Pharmaceutical
TAK
|
+$267M |
| 3 |
Lyft
LYFT
|
+$194M |
| 4 |
AAMI
Acadian Asset Management
AAMI
|
+$191M |
| 5 |
Centene
CNC
|
+$94.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SHPG
Shire pic
SHPG
|
+$531M |
| 2 |
NXP Semiconductors
NXPI
|
+$203M |
| 3 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$126M |
| 4 |
P
Pandora Media Inc
P
|
+$76.2M |
| 5 |
GOLD
Randgold Resources Ltd
GOLD
|
+$40.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 43.28% |
| 2 | Communication Services | 17.39% |
| 3 | Materials | 8.77% |
| 4 | Technology | 7.65% |
| 5 | Financials | 6.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
SPDR Gold Trust
GLD
$152B
| $527M | 11.06% |
4,320,022
| – | – |
|
2
Bausch Health
BHC
$2.41B
| $515M | 10.8% |
20,839,035
| – | – |
|
3
Viatris
VTRS
$18.7B
| $312M | 6.55% |
11,005,400
| – | – |
|
|
CELG
4
DELISTED
Celgene Corp
CELG
| $311M | 6.53% |
+3,300,000
| New | +$289M |
|
|
DISCK
5
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $278M | 5.83% |
10,922,500
-800,000
| -7% | -$20.9M |
|
|
AAMI
6
Acadian Asset Management
AAMI
$3.28B
| $271M | 5.69% |
20,000,552
+14,790,038
| +284% | +$191M |
|
|
7
Takeda Pharmaceutical
TAK
$58.1B
| $270M | 5.66% |
+13,244,711
| New | +$267M |
|
|
AGN
8
DELISTED
Allergan plc
AGN
| $227M | 4.76% |
1,549,500
| – | – |
|
|
AABA
9
DELISTED
Altaba Inc
AABA
| $177M | 3.71% |
2,382,563
+263,108
| +12% | +$18.1M |
|
|
HZNP
10
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $176M | 3.7% |
6,670,700
-500,000
| -7% | -$11.8M |
|
|
11
Lyft
LYFT
$6.61B
| $175M | 3.68% |
+2,477,570
| New | +$194M |
|
12
AngloGold Ashanti
AU
$61.3B
| $167M | 3.51% |
12,782,400
| – | – |
|
|
DISH
13
DELISTED
DISH Network Corp.
DISH
| $158M | 3.31% |
4,973,500
| – | – |
|
14
T-Mobile US
TMUS
$196B
| $135M | 2.84% |
1,955,600
| – | – |
|
15
NovaGold Resources
NG
$3.83B
| $91.7M | 1.93% |
21,992,896
| – | – |
|
|
WCG
16
DELISTED
Wellcare Health Plans, Inc.
WCG
| $84.9M | 1.78% |
+314,900
| New | +$81.3M |
|
|
17
Centene
CNC
$32.1B
| $82.7M | 1.74% |
+1,558,060
| New | +$94.6M |
|
|
RHT
18
DELISTED
Red Hat Inc
RHT
| $76.8M | 1.61% |
420,500
+43,300
| +11% | +$7.76M |
|
19
TIM SA
TIMB
$8.52B
| $75.4M | 1.58% |
5,000,000
| – | – |
|
|
ENDP
20
DELISTED
Endo International plc
ENDP
| $69.3M | 1.45% |
8,626,900
| – | – |
|
|
TVPT
21
DELISTED
Travelport Worldwide Limited
TVPT
| $51.9M | 1.09% |
3,300,000
-250,000
| -7% | -$3.92M |
|
22
CALL
Bristol-Myers Squibb
BMY
$137B
| $45.3M | 0.95% |
+950,000
| New | +$47.3M |
|
|
VIAB
23
DELISTED
Viacom Inc. Class B
VIAB
| $37.1M | 0.78% |
1,323,000
| – | – |
|
24
International Seaways
INSW
$4.93B
| $34.3M | 0.72% |
2,000,000
-840,300
| -30% | -$14.8M |
|
|
FDC
25
DELISTED
First Data Corporation
FDC
| $32.8M | 0.69% |
+1,250,000
| New | +$29.7M |
|
Similar funds
John Paulson's Q1 2019 Portfolio in Review
As of Q1 2019, John Paulson held 71 positions worth $4.76B, up 14% from $4.17B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
John Paulson deployed $163M of net new capital in Q1 2019, opening 20 new positions and adding to 5 existing holdings. Its largest new stake was Celgene Corp: 3,300,000 shares worth $311M.
By sector, the portfolio is most concentrated in Healthcare at 43% of assets, up from 40% a quarter earlier, followed by Communication Services and Materials.
On the sell side, the largest reduction was NXP Semiconductors, an estimated $203M trimmed.
- John Paulson's largest Q1 2019 buy was Celgene Corp: 3,300,000 shares worth $311M.
- John Paulson added most to Acadian Asset Management in Q1 2019, an estimated $191M increase.
- John Paulson's biggest Q1 2019 reduction was NXP Semiconductors, cutting an estimated $203M.
- John Paulson fully exited Shire pic in Q1 2019, selling an estimated $531M.
- John Paulson's ten largest holdings make up 64% of its $4.76B portfolio in Q1 2019.
- John Paulson opened 20 new positions and closed 17 in Q1 2019.
- John Paulson's portfolio value rose 14% quarter-over-quarter to $4.76B.
Based on Paulson & Co's 13F filing for Q1 2019, filed 15 May 2019.