Paulson & Co.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), John Paulson's Paulson & Co. reported 18 stock positions worth $1.4 billion. Its top holding was Madrigal Pharmaceuticals (MDGL) at 32.7% of the portfolio, followed by Bausch Health Cos (BHC, 19.4%) and Acadian Asset Management (AAMI, 14.1%). Compared with Q4 2023, it opened 2 new positions, sold out of 1, added to 3 and reduced 1. The biggest buy was Madrigal Pharmaceuticals (MDGL, shares +61%) and the biggest sale Anglogold Ashanti (AU, shares −23%).

Most Recent 13F
Q2 2026
Notable People
John Paulson
Location
JERSEY CITY, NJ
CIK
0001035674
Portfolio Value
$1.4B (Q1 2024)
SEC Filing
0001013594-24-000487 ↗ filed May 15, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.4B $1.4B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $3.3B Q4 2025 Q1 2026: $3.1B Q1 2026 Q2 2026: $2.6B Q2 2026

Holdings 18 stocks · $1.4B
MDGL Madrigal Pharmaceuticals Inc. 32.74% 1,775,000 $474.0M Add +60.5%
BHC Bausch Health Cos Inc. 19.37% 26,439,035 $280.5M No change
AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC 14.12% 8,950,121 $204.4M No change
PPTA Perpetua Resources Corp. 7.12% 24,771,542 $103.0M No change
NG Novagold Resources Inc. 5.64% 27,238,061 $81.7M Add +15.7%
AU Anglogold Ashanti PLC 4.50% 2,932,905 $65.1M Reduce -23.5%
AEM Agnico Eagle Mines Ltd. 3.23% 783,561 $46.7M No change
THRY Thryv Holdings Inc. 3.07% 2,000,000 $44.5M No change
THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN 3.06% 64,198,980 $44.3M Add +3.7%
NMRK Newmark Group Inc. Class A 2.30% 3,000,000 $33.3M No change
SA Seabridge Gold Inc. 2.16% 2,070,000 $31.3M No change
EQX Equinox Gold Corp. 1.04% 2,500,000 $15.1M No change
TMQ Trilogy Metals Inc. 0.49% 14,326,996 $7.2M No change
IAG Iamgold Corp. 0.43% 1,850,000 $6.2M No change
BABA Alibaba Group Holding-SP ADR 0.25% 50,000 $3.6M No change
TELL Tellurian Inc. 0.24% 5,340,663 $3.5M No change
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC 0.21% 1,160,265 $3.0M New
TAST Carrols Restaurant Group Inc. 0.04% 58,006 $552K New

Portfolio Sells Q4 2023 → Q1 2024
AU Anglogold Ashanti PLC Reduce -23.5% 4.50% −1.97
SSRM SSR Mining Inc. Sold out 0.00% −1.94

Portfolio Buys Q4 2023 → Q1 2024
MDGL Madrigal Pharmaceuticals Inc. Add +60.5% 32.74% +9.64
OPTU Optimum Communications Inc. Class A New 0.21% +0.21
TAST Carrols Restaurant Group Inc. New 0.04% +0.04
THM Intl Tower Hill Mines Ltd. Add +3.7% 3.06% −0.21
NG Novagold Resources Inc. Add +15.7% 5.64% −2.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$2.6BMDGL, PPTA, AAMI, BHC, THM
Q1 2026 9$3.1BPPTA, MDGL, AAMI, BHC, NG
Q4 2025 9$3.3BMDGL, PPTA, BHC, AAMI, NG
Q3 2025 10$3.0BMDGL, PPTA, BHC, AAMI, NG
Q2 2025 15$2.0BMDGL, PPTA, AAMI, BHC, NG
Q1 2025 14$1.7BMDGL, PPTA, AAMI, BHC, AEM
Q4 2024 13$1.7BMDGL, PPTA, AAMI, BHC, NG
Q3 2024 15$1.4BMDGL, PPTA, AAMI, BHC, NG
Q2 2024 16$1.4BMDGL, AAMI, BHC, PPTA, NG
Q1 2024 18$1.4BMDGL, BHC, AAMI, PPTA, NG