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Paulson buys Honeywell, boosts Madrigal in Q1

John Paulson’s Paulson & Co. disclosed in an SEC filing its holdings as of March 31, 2025. The fund’s two new buys during the first quarter included, by size of position, Honeywell (HON) and Intra-Cellular (ITCI). Paulson exited one position during the quarter, namely Alphabet Class A (GOOGL). Paulson increased its stake in Madrigal Pharma (MDGL) and International Tower Hill Mines (THM). The fund’s top holdings as of March 31, in order of size, were Madrigal, Perpetua (PPTA), Acadian Asset Management (AAMI), Bausch Health (BHC), and Agnico Eagle Mines (AEM).

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