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John Paulson
Event-DrivenPaulson & Co
Famous for 'The Greatest Trade Ever' — shorting subprime mortgages in 2007.
Portfolio Value
$3.3B
Holdings
9
Top 10 Concentration
100.0%
Latest Period
Q4 2025
Portfolio Holdings
As reported on February 17, 2026 · vs Q3 2025
| # | Security | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | MADRIGAL PHARMACEUTICALS INC CUSIP: 558868105 | $994.4M | 1,707,522 | 30.5% | -10.5% |
| 2 | PERPETUA RESOURCES CORP CUSIP: 714266103 | $783.1M | 32,347,299 | 24.0% | 0.0% |
| 3 | BAUSCH HEALTH COS INC CUSIP: 071734107 | $509.1M | 73,255,869 | 15.6% | +3.5% |
| 4 | ACADIAN ASSET MANAGEMENT INC CUSIP: 10948W103 | $363.9M | 7,743,282 | 11.2% | 0.0% |
| 5 | NOVAGOLD RES INC CUSIP: 66987E206 | $253.9M | 27,238,061 | 7.8% | 0.0% |
| 6 | AGNICO EAGLE MINES LTD CUSIP: 008474108 | $132.8M | 783,561 | 4.1% | 0.0% |
| 7 | INTERNATIONAL TOWER HILL MIN CUSIP: 46050R102 | $130.6M | 70,239,388 | 4.0% | 0.0% |
| 8 | SOLSTICE ADVANCED MATLS INC NEWCUSIP: 83443Q103 | $67.8M | 1,395,787 | 2.1% | NEW |
| 9 | THRYV HLDGS INC CUSIP: 886029206 | $26.3M | 4,347,070 | 0.8% | +1.6% |