John Paulson's top holdings (August 2025) include Madrigal Pharmaceuticals Inc (MDGL), a biopharmaceutical company focused on developing novel therapeutics for liver diseases.

John Paulson is the founder and portfolio manager of Paulson & Co., an investment management firm. The firm primarily focuses on event-driven strategies, including merger arbitrage, distressed debt, and bankruptcies, along with investments in real estate and gold.

Madrigal Pharmaceuticals Inc (MDGL)

Madrigal Pharmaceuticals is a biopharmaceutical firm dedicated to developing and commercializing treatments for liver and cardiovascular metabolic diseases. Their primary focus has been on therapies for nonalcoholic steatohepatitis (NASH). The company holds a market capitalization of $6.63 billion, with John Paulson's position in Madrigal Pharmaceuticals currently valued at $635.13 million. Analysts have set a price target of $420.0 for the company, and its discounted cash flow analysis suggests a value of $154.43 per share.
Here's an overview of John Paulson's trades in Madrigal Pharmaceuticals Inc:

Perpetua Resources Corp. (PPTA)

Perpetua Resources is a natural resource company engaged in the exploration and development of mineral properties. Their main project involves gold and antimony deposits, primarily located in Idaho. The company's market cap stands at $588.79 million, while the current value of John Paulson's holding is $488.44 million. The company's discounted cash flow analysis indicates a value of $0.67 per share.
Here's an overview of John Paulson's trades in Perpetua Resources Corp.:

BrightSphere Investment Group Inc (BSIG)

BrightSphere Investment Group is a global asset management company that offers a diverse range of investment strategies. They cater to institutional clients and high-net-worth individuals across various asset classes. This holding in John Paulson's portfolio is currently worth $235.75 million, and BrightSphere Investment Group has a market capitalization of $982.95 million. The company's discounted cash flow analysis suggests a value of -$2.12 per share.
Here's an overview of John Paulson's trades in BrightSphere Investment Group Inc:

Bausch Health Companies Inc (BHC)

Bausch Health Companies is a multinational pharmaceutical and medical device company. They are involved in the development, manufacturing, and marketing of a broad portfolio of healthcare products, with a focus on areas such as gastroenterology, ophthalmology, and dermatology. Bausch Health Companies has a market capitalization of $2.5 billion, and John Paulson's position is currently valued at $155.73 million. The company's discounted cash flow analysis indicates a value of $18.41 per share.
Here's an overview of John Paulson's trades in Bausch Health Companies Inc:

Novagold Resources Inc. (NG)

Novagold Resources is a mineral exploration company focused on gold properties in North America. Their primary asset is the Donlin Gold project located in Alaska. The current value of John Paulson's position in Novagold Resources is $141.37 million, and the company's market cap is $2.18 billion. The company's discounted cash flow analysis suggests a value of -$0.33 per share.
Here's an overview of John Paulson's trades in Novagold Resources Inc.: