Paulson & Co.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), John Paulson's Paulson & Co. reported 15 stock positions worth $1.4 billion. Its top holding was Madrigal Pharmaceuticals (MDGL) at 27.5% of the portfolio, followed by Perpetua Resources (PPTA, 16.3%) and Acadian Asset Management (AAMI, 16.0%). Compared with Q2 2024, it opened 1 new position, sold out of 2, added to 2 and reduced 1. The biggest buy was Tellurian (TELL, shares +462%) and the biggest sale an exit from Anglogold Ashanti (AU).

Most Recent 13F
Q2 2026
Notable People
John Paulson
Location
JERSEY CITY, NJ
CIK
0001035674
Portfolio Value
$1.4B (Q3 2024)
SEC Filing
0001013594-24-000980 ↗ filed Nov 14, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.4B $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 15 stocks · $1.4B
MDGL Madrigal Pharmaceuticals Inc. 27.55% 2,042,000 $392.6M Add +10.4%
PPTA Perpetua Resources Corp. 16.25% 24,771,542 $231.6M No change
AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC 15.95% 8,950,121 $227.3M No change
BHC Bausch Health Cos Inc. 15.14% 26,439,035 $215.7M No change
NG Novagold Resources Inc. 7.84% 27,238,061 $111.7M No change
AEM Agnico Eagle Mines Ltd. 4.43% 783,561 $63.1M No change
THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN 2.52% 64,198,980 $36.0M No change
SA Seabridge Gold Inc. 2.44% 2,070,000 $34.8M No change
THRY Thryv Holdings Inc. 2.42% 2,000,000 $34.5M No change
TELL Tellurian Inc. 2.04% 30,000,000 $29.0M Add +461.7%
SWN Southwestern Energy Co. 1.10% 2,200,000 $15.6M New
EQX Equinox Gold Corp. 1.07% 2,500,000 $15.2M No change
IAG Iamgold Corp. 0.68% 1,850,000 $9.7M No change
TMQ Trilogy Metals Inc. 0.49% 14,326,996 $6.9M No change
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC 0.10% 573,952 $1.4M Reduce -50.5%

Portfolio Sells Q2 2024 → Q3 2024
AU Anglogold Ashanti PLC Sold out 0.00% −3.59
OPTU Optimum Communications Inc. Class A Reduce -50.5% 0.10% −0.08
EVBG Everbridge Inc. Sold out 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
TELL Tellurian Inc. Add +461.7% 2.04% +1.76
SWN Southwestern Energy Co. New 1.10% +1.10
MDGL Madrigal Pharmaceuticals Inc. Add +10.4% 27.55% −10.76

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