PAULSON & CO. INC.

CIK

1035674

Location

JERSEY CITY, NJ

Portfolio Value

Mid $3,111,613,393

Diversification

Moderately concentrated

Filing Date

Global Rank

#907 / 8,623 ▼ 17 · as of Mar 2026

Top Industry

Other Precious Metals & Mining 29.2%

3Y Alpha vs SPY

+9.7%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+113.0%

SPY

+67.9%

Annualised alpha

+9.8%

Max drawdown

−22.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

9 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

29.2%

−1.3 pts

Top 5

86.8%

−2.3 pts

Top 10

100.0%

0.0 pts

HHI

1,891

Moderately concentrated−81

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	49.6%	$1,542,269,032	4
Healthcare	36.1%	$1,124,818,848	3
Financial Services	13.5%	$421,389,406	1
Technology	0.7%	$23,136,107	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
THM	International Tower Hill Mines Ltd	+29,333,650	99,573,038	$229,017,987
THRY	Thryv Holdings, Inc.	+4,096,765	8,443,835	$23,136,107
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
MDGL	Madrigal Pharmaceuticals, Inc.	−315,334	1,392,188	$728,768,652
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
FOLD	AMICUS THERAPEUTICS, INC.	32,400	$468,504
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
SOLS	Solstice Advanced Materials Inc.	1,395,787	$67,807,332
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

9 tracked positions · $3,111,613,393 total · as of Mar 31, 2026

All sectors Basic Materials Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PPTA	Perpetua Resources Corp. Basic Materials	Held	32,347,299	0	$909,606,047	+16.2%	29.23%
MDGL	Madrigal Pharmaceuticals, Inc. Healthcare	Reduced	1,392,188	-2,022,856	$728,768,652	−63.4%	23.42%
AAMI	Acadian Asset Management Inc. Financial Services	Held	7,743,282	0	$421,389,406	+15.8%	13.54%
BHC	Bausch Health Companies Inc. Healthcare	Held	73,255,869	0	$395,581,692	−22.3%	12.71%
NG	Novagold Resources Inc Basic Materials	Held	27,238,061	0	$244,597,787	−3.6%	7.86%
THM	International Tower Hill Mines Ltd Basic Materials	Added	99,573,038	+29,333,650	$229,017,987	+75.3%	7.36%
AEM	Agnico Eagle Mines Ltd Basic Materials	Held	783,561	0	$159,047,211	+19.7%	5.11%
THRY	Thryv Holdings, Inc. Technology	Added	8,443,835	+4,096,765	$23,136,107	−12.0%	0.74%
FOLD	AMICUS THERAPEUTICS, INC. Healthcare	NEW	32,400	NEW	$468,504	NEW	0.02%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.