PAULSON & CO. INC. 13F: Quarter-over-Quarter Portfolio Changes
Paulson & Co. Inc. reported a disclosed portfolio value of approximately $2.6 billion in its latest SEC Form 13F-HR filing for Q2 2026, down 17.2% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 1 holding, trimmed 2 holdings, and exited 2 positions.
Paulson & Co. Inc.'s top buy was International Tower Hill Min (THM). The fund bought 4.9% more shares, lifting the position's portfolio weight by 0.7 percentage points. Its top sell was Agnico Eagle Mines (AEM). The fund exited the position completely after it had accounted for 5.1% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ALPHABET INC | GOOGL | 0.1% | History → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| INTERNATIONAL TOWER HILL MIN | THM | +0.7% | +4.9% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ACADIAN ASSET MANAGEMENT INC | AAMI | +2.7% | 24.5% | History → |
| MADRIGAL PHARMACEUTICALS INC | MDGL | +4.5% | 3.7% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| AGNICO EAGLE MINES LTD | AEM | 5.1% |
| AMICUS THERAPEUTIC | FOLD | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $3.1BPrior quarter
- $2.6BCurrent quarter
- $-0.5BNet delta
- -17.2%% change
Methodology & FAQ
How PAULSON & CO. INC. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for PAULSON & CO. INC.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did PAULSON & CO. INC. buy in Q2 2026?
In Q2 2026, PAULSON & CO. INC. initiated 1 new position (ALPHABET INC (GOOGL)); bought more shares of INTERNATIONAL TOWER HILL MIN (THM).
What stocks did PAULSON & CO. INC. sell in Q2 2026?
In Q2 2026, PAULSON & CO. INC. fully sold 2 positions (AGNICO EAGLE MINES LTD (AEM), AMICUS THERAPEUTIC (FOLD)); reduced holdings in ACADIAN ASSET MANAGEMENT INC (AAMI), MADRIGAL PHARMACEUTICALS INC (MDGL).
Which positions did PAULSON & CO. INC. initiate in Q2 2026?
PAULSON & CO. INC. established 1 new position in Q2 2026: ALPHABET INC (GOOGL, 0.1%).
Which existing positions saw the largest allocation increases for PAULSON & CO. INC. in Q2 2026?
Of 1 existing position with share-count increases in Q2 2026, the largest were: INTERNATIONAL TOWER HILL MIN (THM, +0.7% weight, +4.9% shares).
Which positions did PAULSON & CO. INC. fully exit in Q2 2026?
PAULSON & CO. INC. fully exited 2 positions in Q2 2026: AGNICO EAGLE MINES LTD (AEM, last-reported weight 5.1%), AMICUS THERAPEUTIC (FOLD, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for PAULSON & CO. INC. in Q2 2026?
Of 2 existing positions with share-count reductions in Q2 2026, the largest were: ACADIAN ASSET MANAGEMENT INC (AAMI, +2.7% weight, -24.5% shares), MADRIGAL PHARMACEUTICALS INC (MDGL, +4.5% weight, -3.7% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.