John Paulson's top holdings (October 2025) include Madrigal Pharmaceuticals Inc (MDGL), a clinical-stage biopharmaceutical company focused on developing therapies for liver diseases.

John Paulson is a notable investor and the president of Paulson & Co. Inc., an investment management firm he founded. The firm typically employs an event-driven investment approach, focusing on special situations and various arbitrage strategies.

Madrigal Pharmaceuticals Inc (MDGL)

Madrigal Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel therapeutics for liver diseases. Their primary focus is on conditions like nonalcoholic steatohepatitis (NASH). The company's market capitalization stands at $9.46 billion, and John Paulson's holding is currently worth $958.38 million. A discounted cash flow analysis for the company indicates a value of $166.97 per share.
Here's an overview of John Paulson's trades in Madrigal Pharmaceuticals Inc:

Perpetua Resources Corp. (PPTA)

Perpetua Resources Corp. is a natural resource company engaged in the exploration and development of mineral projects. Their core activities revolve around establishing responsible mining operations, primarily focusing on gold and antimony. This holding in John Paulson's portfolio is currently valued at $654.39 million. The company has a market capitalization of $588.79 million, and its discounted cash flow is $0.67 per share.
Here's an overview of John Paulson's trades in Perpetua Resources Corp.:

Bausch Health Companies Inc (BHC)

Bausch Health Companies Inc. is a global pharmaceutical company that develops, manufactures, and markets a range of branded, generic, and over-the-counter pharmaceuticals. They also offer medical devices, with a significant presence in vision care, gastroenterology, and dermatology. Bausch Health Companies has a market capitalization of $2.4 billion. The current value of John Paulson's position in the company is $456.38 million, with a discounted cash flow suggesting $19.42 per share.
Here's an overview of John Paulson's trades in Bausch Health Companies Inc:

Novagold Resources Inc. (NG)

Novagold Resources Inc. is a precious metals company focused on the exploration and development of gold projects. Their primary asset is the Donlin Gold project in Alaska, which is one of the world's largest known undeveloped gold deposits. John Paulson's position in Novagold Resources is currently valued at $239.69 million. The company carries a market cap of $3.38 billion, and a discounted cash flow analysis shows a value of $-0.33 per share.
Here's an overview of John Paulson's trades in Novagold Resources Inc.:

BrightSphere Investment Group Inc (BSIG)

BrightSphere Investment Group Inc. is a diversified affiliate-led asset management company. It offers a range of investment strategies and products to institutional and retail clients globally through its distinct investment managers. The current value of John Paulson's holding in BrightSphere Investment Group is $235.75 million. The company's market cap stands at $982.95 million, and its discounted cash flow is $-2.12 per share.
Here's an overview of John Paulson's trades in BrightSphere Investment Group Inc: