13F-HR 1 pco123106.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2006 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Paulson & Co. Inc. Address: 590 Madison Avenue New York, NY 10022 13F File Number: 028-10010 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Stuart Merzer Title: General Counsel Phone: 212-956-2221 Signature: Place: Date of Signing: Stuart Merzer New York, NY February 14, 2007 Report Type (Check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 44 Form 13F Information Table Value Total: $4,882,197 List of Other Included Managers: No. Form 13F File Number Name 01 028-10011 Paulson Management LLC FORM 13F INFORMATION TABLE
VALUE SHRS OR SH/ PUT/ INVEST OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE Adesa Inc COMMON 00686U104 18140 653700 SH DEFINED 01 653700 Altria Group Inc COMMON 02209S103 8582 100000 SH DEFINED 01 100000 Apollo Group Inc CL A 037604105 28202 723681 SH SOLE 723681 Bally Total Fitness Hldg COMMON 05873K108 32 12905 SH DEFINED 01 12905 BB&T Corp COMMON 054937107 1545 35173 SH SOLE 35173 Bellsouth Corp COMMON 079860102 133321 2830000 SH DEFINED 01 2830000 Bema Gold Corp COMMON 08135F107 18978736274200 SH DEFINED 01 36274200 Boston Scientific Corp COMMON 101137107 34635720160452 SH DEFINED 01 20160452 Caremark RX Inc COMMON 141705103 92314 1616438 SH DEFINED 01 1616438 CBS Corp CL B 124857202 57683 1850000 SH DEFINED 01 1850000 CBS Corp CL A 124857103 6019 192800 SH SOLE 192800 Conexant Systems Inc COMMON 207142100 1773 869338 SH SOLE 869338 Constellation Energy Grou COMMON 210371100 412800 5993900 SH DEFINED 01 5993900 Credence Sys Corp COMMON 225302108 306 58916 SH SOLE 58916 Dynegy Inc CL A 26816Q101 137 18890 SH DEFINED 01 18890 Embarq Corp COMMON 29078E105 45559 866800 SH DEFINED 01 866800 General Electric Co COMMON 369604103 12705 341453 SH SOLE 341453 Houston Expl Co COMMON 442120101 142395 2750000 SH DEFINED 01 2750000 Iamgold Corp COMMON 450913108 53109 6000007 SH DEFINED 01 6000007 Juniper Networks Inc COMMON 48203R104 26955 1423169 SH SOLE 1423169 LSI Logic COMMON 502161102 21396523773922 SH DEFINED 01 23773922 Manulife Finl Corp COMMON 56501R106 11077 328208 SH SOLE 328208 Mirant Corp COMMON 60467R100 46690514789500 SH DEFINED 01 14789500 Mirant Corp WARRANT 60467R118 9951 753900 SH DEFINED 01 753900 Monogram Biosciences Inc COMMON 60975U108 330 185299 SH DEFINED 01 185299 Open Text Corp COMMON 683715106 1646 81106 SH SOLE 81106 Oregon Stl Mls Inc COMMON 686079104 124820 2000000 SH DEFINED 01 2000000 Per-Se Technologies Inc COMMON 713569309 73728 2654000 SH DEFINED 01 2654000 Phelps Dodge Corp COMMON 717265102 453020 3784000 SH DEFINED 01 3784000 Portland Gen Elec Co COMMON 736508847 943 34592 SH DEFINED 01 34592 Reckson Assocs Rlty Corp COMMON 75621K106 92167 2021200 SH DEFINED 01 2021200 Redback Networks Inc COMMON 757209507 44535 1785700 SH DEFINED 01 1785700 Simon Ppty Group Inc COMMON 828806109 3364 33214 SH SOLE 33214 Sprint Nextel Corp COMMON 852061100 46101224405100 SH DEFINED 01 24405100 Symantec Corp COMMON 871503108 114861 5508900 SH DEFINED 01 5508900 Symbol Technologies Inc COMMON 871508107 37870425348300 SH DEFINED 01 25348300 Telus Corp NON VTG SHARES 87971M202 352111 7890200 SH DEFINED 01 7890200 Thermo Fisher Scientific COMMON 883556102 296420 6544938 SH DEFINED 01 6544938 Tronox Inc CL B 897051207 38503 2438461 SH DEFINED 01 2438461 Tronox Inc CL A 897051108 2325 145400 SH DEFINED 01 145400 USG Corp COMMON 903293405 54926 1002300 SH DEFINED 01 1002300 Viacom Inc CL A 92553P102 7160 174600 SH SOLE 174600 Viacom Inc CL B 92553P201 68848 1678000 SH DEFINED 01 1678000 Yamana Gold Inc COMMON 98462Y100 33153 2524700 SH DEFINED 01 2524700 4882197