Filed: 11/14/2025ACC: 0001013594-25-001436
📋 What this filing means
PAULSON & CO. INC. filed this quarterly 13F‑HR report disclosing 10 equity positions with a total reported market value of $2.97B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
10
Positions
$2.97B
Total AUM (reported)
229.82M
Total Shares
Allocation by class
COM$2.68B90.2%
COM NEW$291.31M9.8%
Portfolio Concentration
Top 3$1.99B66.9%
4–10$983.68M33.1%
Top 3 weight
66.9%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 229.82M
Sole
Full voting authority
229.82M
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)
Sole0
Shared0
Other10
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings10
Rows:
MADRIGAL PHARMACEUTICALS INC
DFNDShares1.91M
TypeSH
Market value$874.90M
29.46%
Sole
1.91M
Shared
0.00
None
0.00
PERPETUA RESOURCES CORP
DFNDShares32.35M
TypeSH
Market value$654.39M
22.04%
Sole
32.35M
Shared
0.00
None
0.00
BAUSCH HEALTH COS INC
DFNDShares70.76M
TypeSH
Market value$456.38M
15.37%
Sole
70.76M
Shared
0.00
None
0.00
ACADIAN ASSET MANAGEMENT INC
DFNDShares7.74M
TypeSH
Market value$372.92M
12.56%
Sole
7.74M
Shared
0.00
None
0.00
NOVAGOLD RES INC
DFNDShares27.24M
TypeSH
Market value$239.69M
8.07%
Sole
27.24M
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
DFNDShares783.56K
TypeSH
Market value$132.08M
4.45%
Sole
783.56K
Shared
0.00
None
0.00
INTERNATIONAL TOWER HILL MIN
DFNDShares70.24M
TypeSH
Market value$115.19M
3.88%
Sole
70.24M
Shared
0.00
None
0.00
THRYV HLDGS INC
DFNDShares4.28M
TypeSH
Market value$51.62M
1.74%
Sole
4.28M
Shared
0.00
None
0.00
HONEYWELL INTL INC
DFNDShares200K
TypeSH
Market value$42.10M
1.42%
Sole
200K
Shared
0.00
None
0.00
TRILOGY METALS INC NEW
DFNDShares14.33M
TypeSH
Market value$30.09M
1.01%
Sole
14.33M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MADRIGAL PHARMACEUTICALS INCDFND | COM | 1.91M | SH | $874.90M 29.46% | 1.91M | 0.00 | 0.00 |
PERPETUA RESOURCES CORPDFND | COM | 32.35M | SH | $654.39M 22.04% | 32.35M | 0.00 | 0.00 |
BAUSCH HEALTH COS INCDFND | COM | 70.76M | SH | $456.38M 15.37% | 70.76M | 0.00 | 0.00 |
ACADIAN ASSET MANAGEMENT INCDFND | COM | 7.74M | SH | $372.92M 12.56% | 7.74M | 0.00 | 0.00 |
NOVAGOLD RES INCDFND | COM NEW | 27.24M | SH | $239.69M 8.07% | 27.24M | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDDFND | COM | 783.56K | SH | $132.08M 4.45% | 783.56K | 0.00 | 0.00 |
INTERNATIONAL TOWER HILL MINDFND | COM | 70.24M | SH | $115.19M 3.88% | 70.24M | 0.00 | 0.00 |
THRYV HLDGS INCDFND | COM NEW | 4.28M | SH | $51.62M 1.74% | 4.28M | 0.00 | 0.00 |
HONEYWELL INTL INCDFND | COM | 200K | SH | $42.10M 1.42% | 200K | 0.00 | 0.00 |
TRILOGY METALS INC NEWDFND | COM | 14.33M | SH | $30.09M 1.01% | 14.33M | 0.00 | 0.00 |