Smart Money Radar / Whales / John Paulson
J

John Paulson

Paulson & Co. Inc. · Holdings as of Mar 31, 2025, filed by May 16, 2025 · US long stock positions only

The greatest trade ever

Reported value
$2B
14 positions shown
Copycat since 2016
2.08x
7% per year · low coverage
vs SPY
behind
SPY 3.57x same window
Top position
MDGL
40% of book

Copying these filings vs SPY

$1 at every deadline since 2016
SPY 3.57x John Paulson 2.08x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance. Only 80% of this book is priceable; read the line loosely.
Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Mar 2025
MDGL 40% PPTA 15% AAMI 13% BHC 10% AEM 5% NG 5% THRY 3% THM 3% HON 2% SA 1% TMQ 1% EQX 1% IAG 1%
SymbolValue% of bookvs prior quarter
MDGL $695M 40% added
PPTA $265M 15% unchanged
AAMI $231M 13% unchanged
BHC $171M 10% unchanged
AEM $85M 5% unchanged
NG $80M 5% unchanged
THRY $55M 3% unchanged
THM $44M 3% added
HON $42M 2% new
SA $24M 1% unchanged
TMQ $22M 1% unchanged
EQX $17M 1% unchanged
IAG $12M 1% unchanged
unlisted $3M 0% new
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.