13F-HR 1 pco123112.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, 2012 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: 1251 Avenue of the Americas New York, NY 10020 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, 2013 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: 86 Form 13F Information Table Value Total: $16,267,303 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 AETNA INC NEW COM 00817Y108 208395 4500000 SH DEFINED 01 4500000 AGNICO EAGLE MINES LTD COM 008474108 53331 1016600 SH DEFINED 01 1016600 ALLIED NEVADA GOLD CORP COM 019344100 45473 1509221 SH DEFINED 01 1509221 ALPHA NATURAL RESOURCE COM 02076X102 58440 6000000 SH DEFINED 01 6000000 AMC NETWORKS INC CL A 00164V103 293535 5930000 SH DEFINED 01 5930000 AMERICAN CAP LTD COM 02503Y103 45494 3784700 SH DEFINED 01 3784700 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 884759 28203999 SH DEFINED 01 28203999 ANGLOGOLD ASHANTI HLDG MAND BD CV 13 03512Q206 113422 3035100 SH DEFINED 01 3035100 BANK OF AMERICA CORP W EXP 01/16/19 060505146 148109 27333865 SH DEFINED 01 27333865 BANK OF AMERICA CORP W EXP 10/28/18 060505153 9096 11812853 SH DEFINED 01 11812853 BARRICK GOLD CORP COM 067901108 32034 915000 SH DEFINED 01 915000 BOISE INC COM 09746Y105 55780 7016300 SH DEFINED 01 7016300 CAESARS ENTMT CORP COM 127686103 85620 12372835 SH DEFINED 01 12372835 CAPITAL ONE FINL CORP COM 14040H105 127446 2200000 SH DEFINED 01 2200000 CAPITAL ONE FINL CORP W EXP 11/14/18 14040H139 76862 3632434 SH DEFINED 01 3632434 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 181488 12147800 SH DEFINED 01 12147800 CASCADE CORP COM 147195101 57870 900000 SH DEFINED 01 900000 CLEARWIRE CORP NEW CL A 18538Q105 29487 10203100 SH DEFINED 01 10203100 CNO FINL GROUP INC COM 12621E103 200701 21511400 SH DEFINED 01 21511400 CREXUS INVT CORP COM 226553105 29400 2400000 SH DEFINED 01 2400000 DELPHI AUTOMOTIVE PLC SHS G27823106 516500 13503255 SH DEFINED 01 13503255 DEX ONE CORP COM 25212W100 5809 3676394 SH DEFINED 01 3676394 DUFF & PHELPS CORP NEW CL A 26433B107 4002 256200 SH DEFINED 01 256200 EQUINIX INC COM NEW 29444U502 433020 2100000 SH DEFINED 01 2100000 FAIRPOINT COMMUNICATION COM NEW 305560302 7938 998895 SH DEFINED 01 998895 FELCOR LODGING TR INC COM 31430F101 23350 5000000 SH DEFINED 01 5000000 FIDELITY NATL FINANCIAL CL A 31620R105 58875 2500000 SH DEFINED 01 2500000 FREEPORT-MCMORAN COPP COM 35671D857 307800 9000000 SH DEFINED 01 9000000 GENWORTH FINL INC COM CL A 37247D106 29289 3900000 SH DEFINED 01 3900000 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 81705 6541600 SH DEFINED 01 6541600 GRIFOLS S A SPONSORED ADR 398438408 523266 20179935 SH DEFINED 01 20179935 HARTFORD FINL SVCS GRP COM 416515104 409618 18253907 SH DEFINED 01 18253907 HARTFORD FINL SVCS GRP W EXP 6/26/19 416515120 1348 100000 SH DEFINED 01 100000 HCA HOLDINGS INC COM 40412C101 209682 6950000 SH DEFINED 01 6950000 HILLSHIRE BRANDS CO COM 432589109 142031 5047308 SH DEFINED 01 5047308 HOWARD HUGHES CORP COM 44267D107 23001 315000 SH DEFINED 01 315000 INTERDIGITAL INC COM 45867G101 123270 3000000 SH DEFINED 01 3000000 INTL TOWER HILL MIN COM 46050R102 19421 8949654 SH DEFINED 01 8949654 IAMGOLD CORP COM 450913108 44525 3881900 SH DEFINED 01 3881900 JAZZ PHARMACEUTICALS SHS USD G50871105 53250 1000000 SH DEFINED 01 1000000 KINDER MORGAN INC DEL W EXP 05/25/17 49456B119 9494 2511670 SH DEFINED 01 2511670 LEAP WIRELESS INTL INC COM NEW 521863308 51870 7800000 SH DEFINED 01 7800000 LIFE TECHNOLOGIES CORP COM 53217V109 686420 14000000 SH DEFINED 01 14000000 MCMORAN EXPLORATION CO COM 582411104 249679 15556300 SH DEFINED 01 15556300 MEAD JOHNSON NUTRITION COM 582839106 65890 1000000 SH DEFINED 01 1000000 METROPCS COMMUNICATION COM 591708102 316092 31800000 SH DEFINED 01 31800000 MGM RESORTS INTL COM 552953101 438195 37645600 SH DEFINED 01 37645600 MURPHY OIL CORP COM 626717102 104213 1750000 SH DEFINED 01 1750000 MYLAN INC COM 628530107 672618 24503400 SH DEFINED 01 24503400 NATIONAL BK HLDGS CORP CL A 633707104 41306 2175155 SH DEFINED 01 2175155 NEXEN INC COM 65334H102 686835 25495000 SH DEFINED 01 25495000 NOVAGOLD RES INC COM NEW 66987E206 162745 35970518 SH DEFINED 01 35970518 NOVACOPPER INC COM 66988K102 10659 5921608 SH DEFINED 01 5921608 NRG ENERGY INC COM NEW 629377508 71251 3099206 SH DEFINED 01 3099206 PINNACLE ENTMT INC COM 723456109 1995 126000 SH DEFINED 01 126000 PIONEER NAT RES CO COM 723787107 106590 1000000 SH DEFINED 01 1000000 PLAINS EXPL& PRODTN CO COM 726505100 600832 12800000 SH DEFINED 01 12800000 POPULAR INC COM 733174700 108294 5208948 SH DEFINED 01 5208948 POST HLDGS INC COM 737446104 42138 1230300 SH DEFINED 01 1230300 PRESTIGE BRANDS HLDGS COM 74112D101 13020 650000 SH DEFINED 01 650000 RADIAN GROUP INC COM 750236101 21566 3529700 SH DEFINED 01 3529700 RALCORP HLDGS INC NEW COM 751028101 134475 1500000 SH DEFINED 01 1500000 RANDGOLD RES LTD ADR 752344309 92317 930502 SH DEFINED 01 930502 RESOLUTE FST PRODS INC COM 76117W109 55619 4200807 SH DEFINED 01 4200807 REALOGY HLDGS CORP COM ADDED 75605Y106 558166 13302344 SH DEFINED 01 13302344 ROCK-TENN CO CL A 772739207 111856 1600000 SH DEFINED 01 1600000 ROYAL BK SCOTLAND GRP SP ADR PREF M 780097796 18864 835051 SH DEFINED 01 835051 ROYAL BK SCOTLAND GRP ADR PFD SER P 780097762 13446 602433 SH DEFINED 01 602433 ROYAL BK SCOTLAND GRP ADR PREF SHS Q 780097754 14204 617578 SH DEFINED 01 617578 ROYAL BK SCOTLAND GRP ADR PREF SHS R 780097747 14014 623968 SH DEFINED 01 623968 ROYAL BK SCOTLAND GRP SP ADR PREF S 780097739 11742 510524 SH DEFINED 01 510524 ROYAL BK SCOTLAND GRP SP ADR PREF T 780097713 9712 406180 SH DEFINED 01 406180 ROYAL BK SCOTLAND GRP ADR PREF SER N 780097770 18477 820490 SH DEFINED 01 820490 RYMAN HOSPITALITY PPTYS COM ADDED 78377T107 165396 4300459 SH DEFINED 01 4300459 SCRIPPS NETWORKS INTER CL A COM 811065101 121632 2100000 SH DEFINED 01 2100000 SHIRE PLC SPONSORED ADR 82481R106 126360 1370800 SH DEFINED 01 1370800 SPDR GOLD TRUST GOLD SHS 78463V107 3538129 21837552 SH DEFINED 01 21837552 SPRINT NEXTEL CORP COM SER 1 852061100 724019127693000 SH DEFINED 01 127693000 STATE BK FINL CORP COM ADDED 856190103 20044 1262200 SH DEFINED 01 1262200 STRATEGIC HOTELS & RESRT COM 86272T106 10496 1640000 SH DEFINED 01 1640000 SUNSTONE HOTEL INVS INC COM NEW 867892101 2640 246458 SH DEFINED 01 246458 SUPERMEDIA INC COM 868447103 8918 2607504 SH DEFINED 01 2607504 TNS INC COM 872960109 47679 2300000 SH DEFINED 01 2300000 WELLS FARGO & CO COM NEW 949746101 119322 3491000 SH DEFINED 01 3491000 W P CAREY INC COM ADDED 92936U109 83563 1602360 SH DEFINED 01 1602360 XL GROUP PLC SHS G98290102 30072 1200000 SH DEFINED 01 1200000 16267303