Great investors · John Paulson · Q3 2024
What John Paulson bought and sold in Q3 2024
Paulson & Co. 13F portfolio as of Sep 30, 2024: 15 positions worth $1.4 bn. Largest: MDGL, PPTA, AAMI, BHC. Filed with the SEC on Nov 14, 2024.
The 13F is filed by Paulson & Co., not by John Paulson personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
- IncreasedMadrigal PharmaceuticalsMDGL+2.6 pp
- IncreasedTellurian+1.7 pp
- NewSouthwestern Energy+1.1 pp
Sells in Q3 2024
- Sold outAngloGold AshantiAU−3.4 pp
4 companies with material moves, out of 5 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Paulson & Co.'s Q3 2024 13F lists 15 lines of US-listed securities worth $1.4 bn; the largest is MDGL at 27.5% of the portfolio. It was accepted by the SEC on Nov 14, 2024 at 5:07 PM ET.
Against the previous quarter, it opened 1 position (Southwestern Energy), closed 1 (AU), added to 2 (Tellurian and MDGL) and trimmed 1 (OPTU). 11 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Madrigal Pharmaceuticals MDGL | 2.0 M | $393M | 27.5% | +10% |
| 2 | Perpetua Resources PPTA | 24.8 M | $232M | 16.3% | no change |
| 3 | Acadian Asset Management AAMI | 9.0 M | $227M | 16.0% | no change |
| 4 | Bausch Health Companies BHC | 26.4 M | $216M | 15.1% | no change |
| 5 | Novagold Resources NG | 27.2 M | $112M | 7.84% | no change |
| 6 | Agnico Eagle Mines AEM | 783,561 | $63.1M | 4.43% | no change |
| 7 | International Tower Hill Mines THM | 64.2 M | $36.0M | 2.52% | no change |
| 8 | Seabridge Gold SA | 2.1 M | $34.8M | 2.44% | no change |
| 9 | Thryv Holdings THRY | 2.0 M | $34.5M | 2.42% | no change |
| 10 | Tellurian | 30.0 M | $29.0M | 2.04% | +462% |
| 11 | Southwestern Energy | 2.2 M | $15.6M | 1.10% | new |
| 12 | Equinox Gold EQX | 2.5 M | $15.2M | 1.07% | no change |
| 13 | Iamgold IAG | 1.9 M | $9.7M | 0.68% | no change |
| 14 | Trilogy Metals TMQ | 14.3 M | $6.9M | 0.49% | no change |
| 15 | Optimum Communications OPTU | 573,952 | $1.4M | 0.10% | −51% |
Positions it closed (1)
- AngloGold Ashanti AUwas 3.59% · 1.9 M shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Paulson & Co.'s 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.