Paulson & Co Portfolio
Paulson & Co 13F filer (CIK 0001035674).
Q4 2025 · 9 positions · Total reported value $3.26B · Top-10 concentration 100.0%
Turnover: 50.0% · 1 new · 2 cut · 2 exited
In its Q4 2025 13F filing, Paulson & Co disclosed 9 equity positions with a combined reported value of $3.26B. The filing implies a focused portfolio: its ten largest positions account for 100.0% of reported value. HoldingsHub classifies the profile as Mid / Focused / Health Tilt / High Turnover.
The largest disclosed positions as of Q4 2025 were MDGL ($994.36M), PPTA ($783.13M), BHC ($509.13M). By sector, the heaviest allocations are Health Care 46.1%, Materials 39.9%. Versus the prior quarter, allocation shifted toward Health Care (+1.3pp), Industrials (+0.7pp) and away from Consumer Discretionary (-0.9pp), Financials (-1.4pp).
Versus the prior quarter, Paulson & Co opened 1 new positions, trimmed 2 and fully exited 2, a turnover rate of 50.0% of positions. The portfolio's overlap with the prior quarter was 73% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | MDGL | MADRIGAL PHARMACEUTICALS INC | 1.71M | $994.36M | 30.48% | Reduce |
| 2 | PPTA | PERPETUA RESOURCES CORP | 32.35M | $783.13M | 24.01% | Hold |
| 3 | BHC | BAUSCH HEALTH COS INC | 73.26M | $509.13M | 15.61% | Add |
| 4 | AAMI | ACADIAN ASSET MANAGEMENT INC | 7.74M | $363.93M | 11.16% | Hold |
| 5 | NG | NOVAGOLD RESOURCES INC | 27.24M | $253.86M | 7.78% | Hold |
| 6 | AEM | AGNICO EAGLE MINES LTD | 783.56K | $132.84M | 4.07% | Hold |
| 7 | THM | INTERNATIONAL TOWER HILL MIN | 70.24M | $130.65M | 4.00% | Hold |
| 8 | SOLS | SOLSTICE ADVANCED MATLS INC | 1.40M | $67.81M | 2.08% | New |
| 9 | THRY | THRYV HLDGS INC | 4.35M | $26.30M | 0.81% | Add |