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 LTD (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-CL A | 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-CL A (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-CL A (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.