13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2013 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 Form 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. Persons Signing this Report on Behalf of Reporting Manager: Name: Stuart Merzer Title: General Counsel Phone: 212-956-2221 Signature, Place, and Date of Signing: /s/ Stuart Merzer New York, New York 5/15/2013 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) 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: 94 Form 13F Information Table Value Total: $ 17,724,885 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 01 028-10011 Paulson Management LP ---- -------------------- ----------------------------------------------------
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ------------------ --------- --------- -------------------- ---------- -------- ----------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ------------------ --------- --------- ----------- --- ---- ---------- -------- ----------- ------ ---- AETNA INC NEW COM 00817Y108 332,280 6,500,000 SH DEFINED 1 6,500,000 0 0 AGNICO EAGLE MINES LTD COM 008474108 41,424 1,011,880 SH DEFINED 1 1,011,880 0 0 ALLIED NEVADA GOLD CORP COM 019344100 24,726 1,502,184 SH DEFINED 1 1,502,184 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 32,840 4,000,000 SH DEFINED 1 4,000,000 0 0 AMC NETWORKS INC CL A 00164V103 374,657 5,930,000 SH DEFINED 1 5,930,000 0 0 AMERICAN CAP LTD COM 02503Y103 55,238 3,784,700 SH DEFINED 1 3,784,700 0 0 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 665,404 28,254,950 SH DEFINED 1 28,254,950 0 0 ANGLOGOLD ASHANTI HLDGS FIN MAND BD CV 13 03512Q206 86,440 3,035,100 SH CALL DEFINED 1 3,035,100 0 0 BANK OF AMERICA CORPORATION * W Exp 01/16/2019 060505146 155,803 27,333,865 SH DEFINED 1 27,333,865 0 0 BANK OF AMERICA CORPORATION * W Exp 10/28/2018 060505153 8,623 11,812,853 SH DEFINED 1 11,812,853 0 0 BARRICK GOLD CORP COM 067901108 10,584 360,000 SH CALL DEFINED 1 360,000 0 0 BOISE INC COM 09746Y105 60,761 7,016,300 SH DEFINED 1 7,016,300 0 0 CAESARS ENTMT CORP COM 127686103 196,233 12,372,835 SH DEFINED 1 12,372,835 0 0 CAPITAL ONE FINL CORP COM 14040H105 120,890 2,200,000 SH DEFINED 1 2,200,000 0 0 CAPITAL ONE FINL CORP *W EXP 11/14/2018 14040H139 67,890 3,632,434 SH DEFINED 1 3,632,434 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 249,712 16,692,000 SH DEFINED 1 16,692,000 0 0 CASCADE CORP COM 147195101 58,482 900,000 SH DEFINED 1 900,000 0 0 CITIGROUP INC COM NEW 172967424 44,240 1,000,000 SH DEFINED 1 1,000,000 0 0 CLEARWIRE CORP NEW CL A 18538Q105 51,840 16,000,000 SH DEFINED 1 16,000,000 0 0 COBALT INTL ENERGY INC COM 19075F106 21,446 760,500 SH DEFINED 1 760,500 0 0 COBALT INTL ENERGY INC NOTE 19075FAA4 55,844 50,000,000 SH DEFINED 1 50,000,000 0 0 2.625%12/01/2019 CNO FINL GROUP INC COM 12621E103 154,363 13,481,527 SH DEFINED 1 13,481,527 0 0 CREXUS INVT CORP COM 226553105 31,248 2,400,000 SH DEFINED 1 2,400,000 0 0 DELPHI AUTOMOTIVE PLC SHS G27823106 386,280 8,700,000 SH DEFINED 1 8,700,000 0 0 DEX ONE CORP COM 25212W100 6,287 3,676,394 SH DEFINED 1 3,676,394 0 0 DUFF & PHELPS CORP NEW CL A 26433B107 31,020 2,000,000 SH DEFINED 1 2,000,000 0 0 EQUINIX INC COM NEW 29444U502 454,251 2,100,000 SH DEFINED 1 2,100,000 0 0 FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 6,723 900,000 SH DEFINED 1 900,000 0 0 FAMILY DLR STORES INC COM 307000109 295,250 5,000,000 SH DEFINED 1 5,000,000 0 0 FELCOR LODGING TR INC COM 31430F101 29,750 5,000,000 SH DEFINED 1 5,000,000 0 0 FIDELITY NATIONAL FINANCIAL CL A 31620R105 63,075 2,500,000 SH DEFINED 1 2,500,000 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 297,900 9,000,000 SH DEFINED 1 9,000,000 0 0 GARDNER DENVER INC COM 365558105 75,110 1,000,000 SH DEFINED 1 1,000,000 0 0 GENWORTH FINL INC COM CL A 37247D106 90,000 9,000,000 SH DEFINED 1 9,000,000 0 0 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 50,606 6,529,748 SH DEFINED 1 6,529,748 0 0 GRIFOLS S A SP ADR REP B NVT 398438408 581,778 20,054,379 SH DEFINED 1 20,054,379 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 282,723 10,958,270 SH DEFINED 1 10,958,270 0 0 HARTFORD FINL SVCS GROUP INC *W EXP 6/26/2019 416515120 1,709 100,000 SH DEFINED 1 100,000 0 0 HCA HOLDINGS INC COM 40412C101 138,748 3,414,926 SH DEFINED 1 3,414,926 0 0 HESS CORP COM 42809H107 192,887 2,693,580 SH DEFINED 1 2,693,580 0 0 HILLSHIRE BRANDS CO COM 432589109 105,450 3,000,000 SH DEFINED 1 3,000,000 0 0 HEINZ H J CO COM 423074103 72,270 1,000,000 SH DEFINED 1 1,000,000 0 0 HOWARD HUGHES CORP COM 44267D107 26,400 315,000 SH DEFINED 1 315,000 0 0 INTERDIGITAL INC COM 45867G101 143,490 3,000,000 SH DEFINED 1 3,000,000 0 0 INTEROIL CORP COM 460951106 142,326 1,870,000 SH DEFINED 1 1,870,000 0 0 INTERNATIONAL TOWER HILL MIN COM 46050R102 13,565 8,908,000 SH DEFINED 1 8,908,000 0 0 IAMGOLD CORP COM 450913108 27,820 3,863,912 SH DEFINED 1 3,863,912 0 0 JAZZ PHARMACEUTICALS PLC SHS USD G50871105 55,910 1,000,000 SH DEFINED 1 1,000,000 0 0 KINDER MORGAN INC DEL *W EXP 05/25/2017 49456B119 12,910 2,511,670 SH DEFINED 1 2,511,670 0 0 LEAP WIRELESS INTL INC COM NEW 521863308 45,942 7,800,000 SH DEFINED 1 7,800,000 0 0 LIFE TECHNOLOGIES CORP COM 53217V109 954,824 14,773,700 SH DEFINED 1 14,773,700 0 0 MCMORAN EXPLORATION CO COM 582411104 263,235 16,100,000 SH DEFINED 1 16,100,000 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 77,450 1,000,000 SH DEFINED 1 1,000,000 0 0 METROPCS COMMUNICATIONS INC COM 591708102 395,670 36,300,000 SH DEFINED 1 36,300,000 0 0 MGIC INVT CORP WIS COM 552848103 84,150 17,000,000 SH DEFINED 1 17,000,000 0 0 MGIC INVT CORP WIS NOTE 2.000% 552848AE3 152,438 150,000,000 SH DEFINED 1 150,000,000 0 0 4/01/2020 MGM RESORTS INTERNATIONAL COM 552953101 491,647 37,387,600 SH DEFINED 1 37,387,600 0 0 MYLAN INC COM 628530107 523,044 18,073,400 SH DEFINED 1 18,073,400 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ------------------ --------- --------- -------------------- ---------- -------- ----------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ------------------ --------- --------- ----------- --- ---- ---------- -------- ----------- ------ ---- NATIONAL BK HLDGS CORP CL A 633707104 39,805 2,175,155 SH DEFINED 1 2,175,155 0 0 NOVAGOLD RES INC COM NEW 66987E206 130,439 35,933,514 SH DEFINED 1 35,933,514 0 0 NOVACOPPER INC COM 66988K102 10,820 5,912,709 SH DEFINED 1 5,912,709 0 0 PINNACLE ENTMT INC COM 723456109 1,842 126,000 SH DEFINED 1 126,000 0 0 PIONEER NAT RES CO COM 723787107 316,092 2,544,000 SH DEFINED 1 2,544,000 0 0 PLAINS EXPL& PRODTN CO COM 726505100 607,616 12,800,000 SH DEFINED 1 12,800,000 0 0 POPULAR INC COM 733174700 243,767 8,828,948 SH DEFINED 1 8,828,948 0 0 POST HLDGS INC COM 737446104 52,817 1,230,300 SH DEFINED 1 1,230,300 0 0 RADIAN GROUP INC COM 750236101 123,701 11,550,000 SH DEFINED 1 11,550,000 0 0 RANDGOLD RES LTD ADR 752344309 79,634 926,192 SH DEFINED 1 926,192 0 0 RADIAN GROUP INC NOTE 2.250% 750236AN1 101,823 84,500,000 SH DEFINED 1 84,500,000 0 0 3/01/2019 REDWOOD TR INC NOTE 4.625% 758075AB1 27,531 25,000,000 SH DEFINED 1 25,000,000 0 0 4/15/2018 RESOLUTE FST PRODS INC COM 76117W109 67,888 4,200,807 SH DEFINED 1 4,200,807 0 0 REALOGY HLDGS CORP COM 75605Y106 649,686 13,302,344 SH DEFINED 1 13,302,344 0 0 ROCK-TENN CO CL A 772739207 129,906 1,400,000 SH DEFINED 1 1,400,000 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF M 780097796 18,638 835,051 SH DEFINED 1 835,051 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PFD SER P 780097762 13,344 602,433 SH DEFINED 1 602,433 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS Q 780097754 14,420 617,578 SH DEFINED 1 617,578 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 780097747 13,752 623,968 SH DEFINED 1 623,968 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 11,813 510,524 SH DEFINED 1 510,524 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF T 780097713 9,895 406,180 SH DEFINED 1 406,180 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PREF SER N 780097770 18,215 820,490 SH DEFINED 1 820,490 0 0 RYMAN HOSPITALITY PPTYS INC COM 78377T107 98,363 2,150,000 SH DEFINED 1 2,150,000 0 0 SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 135,114 2,100,000 SH DEFINED 1 2,100,000 0 0 SHIRE PLC SPONSORED ADR 82481R106 125,236 1,370,800 SH DEFINED 1 1,370,800 0 0 SIBANYE GOLD LTD SPONSORED ADR 825724206 9,223 1,632,435 SH DEFINED 1 1,632,435 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 3,372,810 21,837,552 SH DEFINED 1 21,837,552 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 1,435,460 231,153,000 SH DEFINED 1 231,153,000 0 0 STARWOOD PPTY TR INC NOTE 4.550% 85571BAA3 27,469 25,000,000 SH DEFINED 1 25,000,000 0 0 3/01/2018 STATE BK FINL CORP COM 856190103 20,662 1,262,200 SH DEFINED 1 1,262,200 0 0 STRATEGIC HOTELS & RESORTS I COM 86272T106 13,694 1,640,000 SH DEFINED 1 1,640,000 0 0 SUNSTONE HOTEL INVS INC NEW COM 867892101 3,034 246,458 SH DEFINED 1 246,458 0 0 SUPERMEDIA INC COM 868447103 10,091 2,607,504 SH DEFINED 1 2,607,504 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 79,548 2,800,000 SH DEFINED 1 2,800,000 0 0 WELLS FARGO & CO NEW COM 949746101 129,132 3,491,000 SH DEFINED 1 3,491,000 0 0 W P CAREY INC COM 92936U109 107,999 1,602,360 SH DEFINED 1 1,602,360 0 0