Q2 2025 · 13F-HR
PAULSON & CO. INC.holdings as filed
Filed 2025-08-14 · accession 0001013594-25-001044
$2.01B
Reported value
15
Positions
2025-06-30
Period end
The Brief · PAULSON & CO. INC. · Q2 2025
AI · grounded in 13F
PAULSON & CO. INC. established a new position in Madrigal Pharmaceuticals Inc MDGL valued at $632.4M. The fund also initiated new stakes in Perpetua Resources Corp PPTA for $392.7M and Acadian Asset Management Inc AAMI for $315.4M. Other new additions include Bausch Health Cos Inc BHC and NovaGold Res Inc NG. Total assets under management stand at $2.01B across 15 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 558868105 | MDGL | MADRIGAL PHARMACEUTICALS INC | $632.4M | 31.4% | 2,089,523 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $392.7M | 19.5% | 32,347,299 | Common | SOLE |
| 10948W103 | AAMI | ACADIAN ASSET MANAGEMENT INC | $315.4M | 15.7% | 8,950,121 | Common | SOLE |
| 071734107 | BHC | BAUSCH HEALTH COS INC | $218.4M | 10.9% | 32,791,702 | Common | SOLE |
| 66987E206 | NG | NOVAGOLD RES INC | $111.4M | 5.54% | 27,238,061 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $93.2M | 4.63% | 783,561 | Common | SOLE |
| 46050R102 | THM | INTERNATIONAL TOWER HILL MIN | $60.1M | 2.99% | 70,239,388 | Common | SOLE |
| 886029206 | THRY | THRYV HLDGS INC | $52.0M | 2.59% | 4,280,000 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $46.6M | 2.32% | 200,000 | Common | SOLE |
| 811916105 | SA | SEABRIDGE GOLD INC | $30.1M | 1.49% | 2,070,000 | Common | SOLE |
| 89621C105 | TMQ | TRILOGY METALS INC NEW | $19.3M | 0.96% | 14,326,996 | Common | SOLE |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $14.4M | 0.71% | 2,500,000 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $13.6M | 0.68% | 1,850,000 | Common | SOLE |
| 48203R104 | JNP | JUNIPER NETWORKS INC | $10.0M | 0.50% | 250,000 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.6M | 0.08% | 9,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.