PAULSON & CO. INC.

CIK

1035674

Location

JERSEY CITY, NJ

Portfolio Value

Mid $3,111,613,393

Diversification

Moderately concentrated

Filing Date

Global Rank

#906 / 8,588 ▼ 18

Top Industry

Other Precious Metals & Mining 29.2%

3Y Alpha vs SPY

+13.4%

Period ended 3 months ago

Filed May 15, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+143.6%

SPY

+78.1%

Annualised alpha

+13.3%

Max drawdown

−24.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

9 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 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
FOLD	AMICUS THERAPEUTICS, INC. Healthcare	NEW	32,400	NEW	$468,504	NEW	0.02%
THRY	Thryv Holdings, Inc. Technology	Added	8,443,835	+4,096,765	$23,136,107	−12.0%	0.74%
AEM	Agnico Eagle Mines Ltd Basic Materials	Held	783,561	0	$159,047,211	+19.7%	5.11%
THM	International Tower Hill Mines Ltd Basic Materials	Added	99,573,038	+29,333,650	$229,017,987	+75.3%	7.36%
NG	Novagold Resources Inc Basic Materials	Held	27,238,061	0	$244,597,787	−3.6%	7.86%
BHC	Bausch Health Companies Inc. Healthcare	Held	73,255,869	0	$395,581,692	−22.3%	12.71%
AAMI	Acadian Asset Management Inc. Financial Services	Held	7,743,282	0	$421,389,406	+15.8%	13.54%
MDGL	Madrigal Pharmaceuticals, Inc. Healthcare	Reduced	1,392,188	-2,022,856	$728,768,652	−63.4%	23.42%
PPTA	Perpetua Resources Corp. Basic Materials	Held	32,347,299	0	$909,606,047	+16.2%	29.23%