Filed: 8/14/2025ACC: 0001013594-25-001044
📋 What this filing means
PAULSON & CO. INC. filed this quarterly 13F‑HR report disclosing 15 equity positions with a total reported market value of $2.01B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
15
Positions
$2.01B
Total AUM (reported)
199.93M
Total Shares
Allocation by class
COM$1.85B91.8%
COM NEW$163.45M8.1%
CAP STK CL C$1.60M0.1%
Portfolio Concentration
Top 3$1.34B66.7%
4–10$611.75M30.4%
11–25$58.89M2.9%
Top 3 weight
66.7%
Top 10 weight
97.1%
Voting Authority Distribution
Total shares with voting rights: 199.93M
Sole
Full voting authority
199.93M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole15
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings15
Rows:
MADRIGAL PHARMACEUTICALS INC
SOLEShares2.09M
TypeSH
Market value$632.37M
31.44%
Sole
2.09M
Shared
0.00
None
0.00
PERPETUA RESOURCES CORP
SOLEShares32.35M
TypeSH
Market value$392.70M
19.53%
Sole
32.35M
Shared
0.00
None
0.00
ACADIAN ASSET MANAGEMENT INC
SOLEShares8.95M
TypeSH
Market value$315.40M
15.68%
Sole
8.95M
Shared
0.00
None
0.00
BAUSCH HEALTH COS INC
SOLEShares32.79M
TypeSH
Market value$218.39M
10.86%
Sole
32.79M
Shared
0.00
None
0.00
NOVAGOLD RES INC
SOLEShares27.24M
TypeSH
Market value$111.40M
5.54%
Sole
27.24M
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares783.56K
TypeSH
Market value$93.19M
4.63%
Sole
783.56K
Shared
0.00
None
0.00
INTERNATIONAL TOWER HILL MIN
SOLEShares70.24M
TypeSH
Market value$60.09M
2.99%
Sole
70.24M
Shared
0.00
None
0.00
THRYV HLDGS INC
SOLEShares4.28M
TypeSH
Market value$52.04M
2.59%
Sole
4.28M
Shared
0.00
None
0.00
HONEYWELL INTL INC
SOLEShares200K
TypeSH
Market value$46.58M
2.32%
Sole
200K
Shared
0.00
None
0.00
SEABRIDGE GOLD INC
SOLEShares2.07M
TypeSH
Market value$30.06M
1.49%
Sole
2.07M
Shared
0.00
None
0.00
TRILOGY METALS INC NEW
SOLEShares14.33M
TypeSH
Market value$19.34M
0.96%
Sole
14.33M
Shared
0.00
None
0.00
EQUINOX GOLD CORP
SOLEShares2.50M
TypeSH
Market value$14.38M
0.71%
Sole
2.50M
Shared
0.00
None
0.00
IAMGOLD CORP
SOLEShares1.85M
TypeSH
Market value$13.60M
0.68%
Sole
1.85M
Shared
0.00
None
0.00
JUNIPER NETWORKS INC
SOLEShares250K
TypeSH
Market value$9.98M
0.50%
Sole
250K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares9K
TypeSH
Market value$1.60M
0.08%
Sole
9K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MADRIGAL PHARMACEUTICALS INCSOLE | COM | 2.09M | SH | $632.37M 31.44% | 2.09M | 0.00 | 0.00 |
PERPETUA RESOURCES CORPSOLE | COM | 32.35M | SH | $392.70M 19.53% | 32.35M | 0.00 | 0.00 |
ACADIAN ASSET MANAGEMENT INCSOLE | COM | 8.95M | SH | $315.40M 15.68% | 8.95M | 0.00 | 0.00 |
BAUSCH HEALTH COS INCSOLE | COM | 32.79M | SH | $218.39M 10.86% | 32.79M | 0.00 | 0.00 |
NOVAGOLD RES INCSOLE | COM NEW | 27.24M | SH | $111.40M 5.54% | 27.24M | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 783.56K | SH | $93.19M 4.63% | 783.56K | 0.00 | 0.00 |
INTERNATIONAL TOWER HILL MINSOLE | COM | 70.24M | SH | $60.09M 2.99% | 70.24M | 0.00 | 0.00 |
THRYV HLDGS INCSOLE | COM NEW | 4.28M | SH | $52.04M 2.59% | 4.28M | 0.00 | 0.00 |
HONEYWELL INTL INCSOLE | COM | 200K | SH | $46.58M 2.32% | 200K | 0.00 | 0.00 |
SEABRIDGE GOLD INCSOLE | COM | 2.07M | SH | $30.06M 1.49% | 2.07M | 0.00 | 0.00 |
TRILOGY METALS INC NEWSOLE | COM | 14.33M | SH | $19.34M 0.96% | 14.33M | 0.00 | 0.00 |
EQUINOX GOLD CORPSOLE | COM | 2.50M | SH | $14.38M 0.71% | 2.50M | 0.00 | 0.00 |
IAMGOLD CORPSOLE | COM | 1.85M | SH | $13.60M 0.68% | 1.85M | 0.00 | 0.00 |
JUNIPER NETWORKS INCSOLE | COM | 250K | SH | $9.98M 0.50% | 250K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 9K | SH | $1.60M 0.08% | 9K | 0.00 | 0.00 |