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John Paulson

Paulson & Co

Event-driven investor

$3.26B

Portfolio Value

9

Holdings

Q4 '25

Period

2026-02-17

Filed

📈

Simulated 13F Return

⚠️ Approximation

Total Return

+59.54%

Q4 '24 → Q3 '25

Annualized

+86.82%/yr

S&P: +18.77%/yr

Alpha (vs S&P)

+45.82%

3 quarters tracked

1-Year Return

—

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

MDGLREDUCED
30.5% of portfolio
-10% shares+1.0pp
BHCINCREASED
15.6% of portfolio
+4% shares+0.2pp
SOLSNEW
2.1% of portfolio
New position
THRYINCREASED
0.8% of portfolio
+2% shares-0.9pp
HONSOLD
was 1.4%
Sold out position
Filing price: $210.50
TMQSOLD
was 1.0%
Sold out position
Filing price: $2.10

Sold Out (2)

SOLDHONHONEYWELL INTL INCwas 1.42%@$210.50
SOLDTMQTRILOGY METALS INC NEWwas 1.01%@$2.10

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 100.0%

💼 Holdings

🔍

9 of 9 positions · $3.26B

This quarter: 1 new position, increased 2, reduced 1, sold 2. Balanced activity.

MDGLREDUCED
30.5%
30.5% of portfolio (was 29.5%, trimmed)
Filed ~$582
—📄
PPTA
24.0%
24.0% of portfolio
Filed ~$24
—📄
BHCINCREASED
15.6%
15.6% of portfolio (was 15.4%, added)
Filed ~$7
—📄
AAMI
11.2%
11.2% of portfolio
Filed ~$47
—📄
NG
7.8%
7.8% of portfolio
Filed ~$9
—📄
AEM
4.1%
4.1% of portfolio
Filed ~$170
—📄
THM
4.0%
4.0% of portfolio
Filed ~$2
—📄
SOLSNEW
2.1%
2.1% of portfolio (new position)
Filed ~$49
—📄
THRYINCREASED
0.8%
0.8% of portfolio (was 1.7%, added)
Filed ~$6
—📄

🚫 Sold Out (2 positions)

SOLDHONHONEYWELL INTL INCwas 1.42%@$210.50200000 shares · $42.1M
SOLDTMQTRILOGY METALS INC NEWwas 1.01%@$2.1014326996 shares · $30.1M