Paulson
JERSEY CITY, NJfiles as PAULSON & CO. INC.
$2.6bn in 8 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 9.8% of the portfolio this quarter.
Value
$2.6bn
Stocks
8
Top 10 share
100.0%
Turnover
9.8%
What changed this quarter
New
Bought for the first time this quarter.
- AlphabetGOOGL<0.1% of the fund
Added
Bought more of a stock they already held.
- International Tower Hill MinesTHM8.1% of the fund+5%
Cut
Sold some of their stake.
- Madrigal PharmaceuticalsMDGL27.9% of the fund-4%
- Acadian Asset ManagementAAMI16.2% of the fund-25%
Sold out
Sold their entire stake.
- Agnico Eagle MinesAEM-100%
- Amicus Therapeutics-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Madrigal PharmaceuticalsMDGL | 27.9% | $720m | 1,340,020 | -4% |
| Perpetua ResourcesPPTA | 26.1% | $672m | 32,347,299 | Held |
| Acadian Asset ManagementAAMI | 16.2% | $418m | 5,843,282 | -25% |
| Bausch Health CompaniesBHC | 14.0% | $361m | 73,255,869 | Held |
| International Tower Hill MinesTHM | 8.1% | $208m | 104,486,703 | +5% |
| Novagold ResourcesNG | 6.3% | $163m | 27,238,061 | Held |
| Thryv HoldingsTHRY | 1.3% | $33m | 8,443,835 | Held |
| AlphabetGOOGL | <0.1% | $2m | 5,000 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 28.1% since 30 June 2025.
Where the money is
Health care42.0%
Materials40.5%
Financial services16.2%
Media & telecom1.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.