Insight into John Paulson (Trades, Portfolio)'s Q4 Moves and the Impact on His Investment Strategy
John Paulson (Trades, Portfolio), the renowned President and Portfolio Manager of Paulson & Co. Inc., has made significant changes to his investment portfolio in the fourth quarter of 2023. Known for his expertise in merger, event, and distressed strategies, Paulson's latest 13F filing reveals a strategic exit from Horizon Therapeutics PLC, alongside other notable adjustments. With a distinguished career in finance and a reputation for savvy market moves, Paulson's recent investment decisions are closely watched by value investors seeking to glean insights from his wealth of experience.
Key Position Increases
John Paulson (Trades, Portfolio) has bolstered his positions in three stocks during the last quarter. Noteworthy increases include:
- Madrigal Pharmaceuticals Inc (MDGL, Financial) saw an addition of 605,741 shares, bringing the total to 1,105,741 shares. This move marks a substantial 121.15% increase in share count and a 12.65% impact on the current portfolio, with a total value of $255,846,350.
- Newmark Group Inc (NMRK, Financial) experienced a significant boost with an additional 1,715,375 shares, resulting in a new total of 3,000,000 shares. This adjustment reflects a 133.53% increase in share count, with a total value of $32,880,000.
Summary of Sold Out Positions
In a strategic move, John Paulson (Trades, Portfolio) has completely divested from one holding in the fourth quarter of 2023:
- Horizon Therapeutics PLC (HZNP, Financial): The sale of all 2,103,046 shares has led to a -21.77% impact on the portfolio, signaling a significant shift in Paulson's investment strategy.
Portfolio Overview
As of the fourth quarter of 2023, John Paulson (Trades, Portfolio)'s portfolio comprises 17 stocks. The top holdings are:
- 23.09% in Madrigal Pharmaceuticals Inc (MDGL, Financial)
- 19.14% in Bausch Health Companies Inc (BHC, Financial)
- 15.48% in BrightSphere Investment Group Inc (BSIG, Financial)
- 7.95% in Novagold Resources Inc (NG, Financial)
- 7.09% in Perpetua Resources Corp (PPTA, Financial)
The investments are primarily concentrated across seven industries: Healthcare, Basic Materials, Financial Services, Communication Services, Real Estate, Energy, and Consumer Cyclical.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
