Paulson & Co.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), John Paulson's Paulson & Co. reported 8 stock positions worth $2.6 billion. Its top holding was Madrigal Pharmaceuticals (MDGL) at 27.9% of the portfolio, followed by Perpetua Resources (PPTA, 26.1%) and Acadian Asset Management (AAMI, 16.2%). Compared with Q1 2026, it opened 1 new position, sold out of 2, added to 1 and reduced 2. The biggest buy was Intl Tower Hill Mines (THM, shares +5%) and the biggest sale an exit from Agnico Eagle Mines (AEM).

Most Recent 13F
Q2 2026
Notable People
John Paulson
Location
JERSEY CITY, NJ
CIK
0001035674
Portfolio Value
$2.6B (Q2 2026)
SEC Filing
0001013594-26-000913 ↗ filed Aug 14, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $3.3B Q4 2025 Q1 2026: $3.1B Q1 2026 Q2 2026: $2.6B $2.6B Q2 2026

Holdings 8 stocks · $2.6B
MDGL Madrigal Pharmaceuticals Inc. 27.94% 1,340,020 $719.5M Reduce -3.8%
PPTA Perpetua Resources Corp. 26.07% 32,347,299 $671.5M No change
AAMI Acadian Asset Management Inc. 16.23% 5,843,282 $417.9M Reduce -24.5%
BHC Bausch Health Cos Inc. 14.02% 73,255,869 $361.2M No change
THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN 8.07% 104,486,703 $207.9M Add +4.9%
NG Novagold Resources Inc. 6.31% 27,238,061 $162.6M No change
THRY Thryv Holdings Inc. 1.29% 8,443,835 $33.3M No change
GOOGL Alphabet Inc. Class A 0.07% 5,000 $1.8M New

Portfolio Sells Q1 2026 → Q2 2026
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −5.11
FOLD Amicus Therapeutics Inc. Sold out 0.00% −0.02
AAMI Acadian Asset Management Inc. Reduce -24.5% 16.23% +2.68
MDGL Madrigal Pharmaceuticals Inc. Reduce -3.8% 27.94% +4.51

Portfolio Buys Q1 2026 → Q2 2026
THM Intl Tower Hill Mines Ltd. Add +4.9% 8.07% +0.71
GOOGL Alphabet Inc. Class A New 0.07% +0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$2.6BMDGL, PPTA, AAMI, BHC, THM
Q1 2026 9$3.1BPPTA, MDGL, AAMI, BHC, NG
Q4 2025 9$3.3BMDGL, PPTA, BHC, AAMI, NG
Q3 2025 10$3.0BMDGL, PPTA, BHC, AAMI, NG
Q2 2025 15$2.0BMDGL, PPTA, AAMI, BHC, NG
Q1 2025 14$1.7BMDGL, PPTA, AAMI, BHC, AEM
Q4 2024 13$1.7BMDGL, PPTA, AAMI, BHC, NG
Q3 2024 15$1.4BMDGL, PPTA, AAMI, BHC, NG
Q2 2024 16$1.4BMDGL, AAMI, BHC, PPTA, NG
Q1 2024 18$1.4BMDGL, BHC, AAMI, PPTA, NG