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 |
TIF
Tiffany & Co.
TIF
|
+$61.8M |
| 2 |
KL
Kirkland Lake Gold Ltd Ordinary
KL
|
+$55M |
| 3 |
NovaGold Resources
NG
|
+$27.6M |
| 4 |
TECD
Tech Data Corp
TECD
|
+$9.23M |
| 5 |
NAV
Navistar International
NAV
|
+$6.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$388M |
| 2 |
SPDR Gold Trust
GLD
|
+$361M |
| 3 |
S
Sprint Corporation
S
|
+$76.9M |
| 4 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$43.3M |
| 5 |
Agnico Eagle Mines
AEM
|
+$37.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 43.69% |
| 2 | Materials | 20.11% |
| 3 | Communication Services | 15.63% |
| 4 | Financials | 4.88% |
| 5 | Consumer Discretionary | 3.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bausch Health
BHC
$2.41B
| $323M | 12.32% |
20,839,035
| – | – |
|
|
2
SPDR Gold Trust
GLD
$152B
| $280M | 10.7% |
1,894,252
-2,425,770
| -56% | -$361M |
|
|
HZNP
3
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $242M | 9.23% |
8,170,700
| – | – |
|
4
Takeda Pharmaceutical
TAK
$58.1B
| $201M | 7.67% |
13,244,711
| – | – |
|
5
AngloGold Ashanti
AU
$61.3B
| $189M | 7.2% |
11,349,331
-1,433,069
| -11% | -$28.1M |
|
|
6
NovaGold Resources
NG
$3.83B
| $186M | 7.1% |
25,226,396
+3,233,500
| +15% | +$27.6M |
|
7
Viatris
VTRS
$18.7B
| $179M | 6.83% |
12,005,400
| – | – |
|
|
DISCK
8
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $162M | 6.19% |
9,246,135
-1,676,365
| -15% | -$43.3M |
|
|
AAMI
9
Acadian Asset Management
AAMI
$3.28B
| $128M | 4.88% |
20,000,552
| – | – |
|
|
AGN
10
DELISTED
Allergan plc
AGN
| $107M | 4.07% |
602,130
-2,060,353
| -77% | -$388M |
|
|
DISH
11
DELISTED
DISH Network Corp.
DISH
| $99.4M | 3.79% |
4,973,500
| – | – |
|
|
PARA
12
DELISTED
Paramount Global Class B
PARA
| $84.1M | 3.21% |
6,000,000
| – | – |
|
|
TIF
13
DELISTED
Tiffany & Co.
TIF
| $78.2M | 2.98% |
603,800
+469,770
| +350% | +$61.8M |
|
14
Pacira BioSciences
PCRX
$983M
| $57.6M | 2.2% |
1,716,727
| – | – |
|
|
KL
15
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $44.2M | 1.69% |
+1,502,853
| New | +$55M |
|
|
S
16
DELISTED
Sprint Corporation
S
| $43.6M | 1.67% |
5,062,700
-10,952,408
| -68% | -$76.9M |
|
|
ENDP
17
DELISTED
Endo International plc
ENDP
| $35.6M | 1.36% |
9,626,900
+1,000,000
| +12% | +$5.07M |
|
|
B
18
Barrick Mining
B
$78.3B
| $28.3M | 1.08% |
1,546,697
-495,031
| -24% | -$9.28M |
|
|
TECD
19
DELISTED
Tech Data Corp
TECD
| $26.2M | 1% |
200,000
+66,574
| +50% | +$9.23M |
|
|
THM
20
International Tower Hill Mines
THM
$735M
| $22.3M | 0.85% |
59,593,314
| – | – |
|
21
TIM SA
TIMB
$8.52B
| $20.5M | 0.78% |
1,682,061
-2,037,939
| -55% | -$36.2M |
|
|
TMQ
22
Trilogy Metals
TMQ
$684M
| $19.5M | 0.74% |
14,326,996
| – | – |
|
|
OSG
23
DELISTED
Overseas Shipholding Group Inc.
OSG
| $14.3M | 0.55% |
6,300,000
-2,000,000
| -24% | -$4.04M |
|
|
PVG
24
DELISTED
PRETIUM RESOURCES INC.
PVG
| $13.6M | 0.52% |
2,400,000
-188,600
| -7% | -$1.61M |
|
25
SSR Mining
SSRM
$7.7B
| $13.2M | 0.5% |
1,158,200
| – | – |
|
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John Paulson's Q1 2020 Portfolio in Review
As of Q1 2020, John Paulson held 39 positions worth $2.62B, down 43% from $4.63B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
John Paulson withdrew a net $885M in Q1 2020, closing 6 positions and reducing 9 holdings. Its most notable exit was Agnico Eagle Mines, an estimated $37.4M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 44% of assets, down from 45% a quarter earlier, followed by Materials and Communication Services.
Against the trend, John Paulson opened a new position in Kirkland Lake Gold Ltd Ordinary worth $44.2M.
- John Paulson's largest Q1 2020 buy was Kirkland Lake Gold Ltd Ordinary: 1,502,853 shares worth $44.2M.
- John Paulson added most to Tiffany & Co. in Q1 2020, an estimated $61.8M increase.
- John Paulson's biggest Q1 2020 reduction was Allergan plc, cutting an estimated $388M.
- John Paulson fully exited Agnico Eagle Mines in Q1 2020, selling an estimated $37.4M.
- John Paulson's ten largest holdings make up 76% of its $2.62B portfolio in Q1 2020.
- John Paulson opened 2 new positions and closed 6 in Q1 2020.
- John Paulson's portfolio value fell 43% quarter-over-quarter to $2.62B.
Based on Paulson & Co's 13F filing for Q1 2020, filed 15 May 2020.