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John Paulson Paulson & Co

AUM $2.58B
1-Year Est. Return 68.51%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+49.12%
1 Year Est. Return
+68.51%
3 Year Est. Return
+251.48%
5 Year Est. Return
+229.81%
10 Year Est. Return
+881.28%
AUM
$2.97B
AUM Growth
+$958M
Cap. Flow
+$68.2M
Cap. Flow %
2.3%
Top 10 Hldgs %
100%
Holding
15
New
–
Increased
1
Reduced
2
Closed
5

Top Buys

Rank Stock Value
1
BHC icon
Bausch Health
BHC
+$260M

Top Sells

Rank Stock Value
1
MDGL icon
Madrigal Pharmaceuticals
MDGL
+$67.9M
2
AAMI
Acadian Asset Management
AAMI
+$53.8M
3
SA
Seabridge Gold
SA
+$30.1M
4
EQX icon
Equinox Gold
EQX
+$14.4M
5
IAG icon
IAMGOLD
IAG
+$13.6M

Sector Composition

Rank Sector Weight
1 Healthcare 44.83%
2 Materials 39.45%
3 Financials 12.56%
4 Technology 1.74%
5 Industrials 1.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDGL icon
1
Madrigal Pharmaceuticals
MDGL
$11.9B
$875M 29.46%
1,907,523
-182,000
-9% -$67.9M
PPTA
2
Perpetua Resources
PPTA
$3.21B
$654M 22.04%
32,347,299
– –
BHC icon
3
Bausch Health
BHC
$2.41B
$456M 15.37%
70,755,869
+37,964,167
+116% +$260M
AAMI
4
Acadian Asset Management
AAMI
$3.28B
$373M 12.56%
7,743,282
-1,206,839
-13% -$53.8M
NG icon
5
NovaGold Resources
NG
$3.83B
$240M 8.07%
27,238,061
– –
AEM icon
6
Agnico Eagle Mines
AEM
$109B
$132M 4.45%
783,561
– –
THM
7
International Tower Hill Mines
THM
$735M
$115M 3.88%
70,239,388
– –
THRY icon
8
Thryv Holdings
THRY
$92.4M
$51.6M 1.74%
4,280,000
– –
HON icon
9
Honeywell
HON
$68.4B
$42.1M 1.42%
212,200
– –
TMQ
10
Trilogy Metals
TMQ
$684M
$30.1M 1.01%
14,326,996
– –
EQX icon
11
Equinox Gold
EQX
$15.8B
– –
-2,500,000
Closed -$14.4M
GOOG icon
12
Alphabet (Google) Class C
GOOG
$4.18T
– –
-9,000
Closed -$1.6M
IAG icon
13
IAMGOLD
IAG
$12.1B
– –
-1,850,000
Closed -$13.6M
JNPR
14
DELISTED
Juniper Networks
JNPR
– –
-250,000
Closed -$9.98M
SA
15
Seabridge Gold
SA
$3.25B
– –
-2,070,000
Closed -$30.1M

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John Paulson's Q3 2025 Portfolio in Review

As of Q3 2025, John Paulson held 15 positions worth $2.97B, up 48% from $2.01B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

John Paulson's Q3 2025 filing shows 1 increased, 2 reduced and 5 closed positions. The largest sale was Madrigal Pharmaceuticals, an estimated $67.9M.

By sector, the portfolio is most concentrated in Healthcare at 45% of assets, up from 42% a quarter earlier, followed by Materials and Financials.

  • John Paulson added most to Bausch Health in Q3 2025, an estimated $260M increase.
  • John Paulson's biggest Q3 2025 reduction was Madrigal Pharmaceuticals, cutting an estimated $67.9M.
  • John Paulson fully exited Seabridge Gold in Q3 2025, selling an estimated $30.1M.
  • John Paulson's ten largest holdings make up 100% of its $2.97B portfolio in Q3 2025.
  • John Paulson opened 0 new positions and closed 5 in Q3 2025.
  • John Paulson's portfolio value rose 48% quarter-over-quarter to $2.97B.

Based on Paulson & Co's 13F filing for Q3 2025, filed 14 Nov 2025.