PAULSON & CO. INC. — INTERNATIONAL TOWER HILL MIN THM: Quarterly 13F Position History
PAULSON & CO. INC. has reported INTERNATIONAL TOWER HILL MIN (THM) on 40 13F-HR filings in Pactolio's tracked window, first appearing in Q2 2016. As of Q1 2026, the position is sized at 99,573,038 shares ($229.0M market value, 7.36% of the equity book). Quarter-over-quarter share count change: + 29,333,650 (+41.8%) .
- 99,573,038Shares Held (Latest Filing)
- $229.0MReported Market Value (Latest Filing)
- 7.36%Portfolio Weight (% of 13F Equity Book)
- +29,333,650Quarter-over-Quarter Share Change
- +$98.4MQuarter-over-Quarter Value Change
- 99,573,038Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 40 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 99,573,038 | +29,333,650 | +41.8% | $229.0M | 7.36% | $2.30 |
| Q4 2025 | 70,239,388 | 0 | — | $130.6M | 4.01% | $1.86 |
| Q3 2025 | 70,239,388 | 0 | — | $115.2M | 3.88% | $1.64 |
| Q2 2025 | 70,239,388 | 0 | — | $60.1M | 2.99% | $0.86 |
| Q1 2025 | 70,239,388 | +6,040,408 | +9.4% | $44.4M | 2.54% | $0.63 |
| Q4 2024 | 64,198,980 | 0 | — | $29.2M | 1.77% | $0.46 |
| Q3 2024 | 64,198,980 | 0 | — | $36.0M | 2.52% | $0.56 |
| Q2 2024 | 64,198,980 | 0 | — | $31.7M | 2.35% | $0.49 |
| Q1 2024 | 64,198,980 | +2,268,256 | +3.7% | $44.3M | 3.06% | $0.69 |
| Q4 2023 | 61,930,724 | 0 | — | $36.2M | 3.27% | $0.58 |
| Q3 2023 | 61,930,724 | 0 | — | $21.8M | 1.95% | $0.35 |
| Q2 2023 | 61,930,724 | 0 | — | $25.7M | 2.51% | $0.42 |
| Q1 2023 | 61,930,724 | 0 | — | $37.1M | 3.09% | $0.60 |
| Q4 2022 | 61,930,724 | 0 | — | $26.3M | 2.37% | $0.43 |
| Q3 2022 | 61,930,724 | 0 | — | $31.8M | 2.33% | $0.51 |
| Q2 2022 | 61,930,724 | 0 | — | $32.2M | 1.59% | $0.52 |
| Q1 2022 | 61,930,724 | 0 | — | $60.7M | 1.87% | $0.98 |
| Q4 2021 | 61,930,724 | 0 | — | $57.5M | 1.77% | $0.93 |
| Q3 2021 | 61,930,724 | 0 | — | $46.0M | 1.31% | $0.74 |
| Q2 2021 | 61,930,724 | 0 | — | $65.0M | 1.55% | $1.05 |
| Q1 2021 | 61,930,724 | 0 | — | $66.3M | 1.52% | $1.07 |
| Q4 2020 | 61,930,724 | 0 | — | $85.5M | 2.22% | $1.38 |
| Q3 2020 | 61,930,724 | +2,337,410 | +3.9% | $82.4M | 2.57% | $1.33 |
| Q2 2020 | 59,593,314 | 0 | — | $106.1M | 3.39% | $1.78 |
| Q1 2020 | 59,593,314 | 0 | — | $22.3M | 0.85% | $0.37 |
| Q4 2019 | 59,593,314 | 0 | — | $32.2M | 0.69% | $0.54 |
| Q3 2019 | 59,593,314 | 0 | — | $31.0M | 0.64% | $0.52 |
| Q2 2019 | 59,593,314 | 0 | — | $33.4M | 0.60% | $0.56 |
| Q1 2019 | 59,593,314 | 0 | — | $31.7M | 0.70% | $0.53 |
| Q4 2018 | 59,593,314 | 0 | — | $31.0M | 0.74% | $0.52 |
| Q3 2018 | 59,593,314 | 0 | — | $28.5M | 0.53% | $0.48 |
| Q2 2018 | 59,593,314 | 0 | — | $30.1M | 0.62% | $0.50 |
| Q1 2018 | 59,593,314 | +4,105,472 | +7.4% | $32.8M | 0.72% | $0.55 |
| Q4 2017 | 55,487,842 | 0 | — | $23.9M | 0.47% | $0.43 |
| Q3 2017 | 55,487,842 | 0 | — | $29.7M | 0.53% | $0.54 |
| Q2 2017 | 55,487,842 | 0 | — | $26.6M | 0.37% | $0.48 |
| Q1 2017 | 55,487,842 | 0 | — | $29.1M | 0.39% | $0.53 |
| Q4 2016 | 55,487,842 | +32,429,842 | +140.6% | $30.9M | 0.40% | $0.56 |
| Q3 2016 | 23,058,000 | 0 | — | $20.5M | 0.23% | $0.89 |
| Q2 2016 | 23,058,000 | — | — | $20.3M | 0.21% | $0.88 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did PAULSON & CO. INC. first disclose a THM position in 13F-HR filings?
PAULSON & CO. INC. first reported INTERNATIONAL TOWER HILL MIN (THM) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 40 reported quarters within Pactolio's tracked window.
What was PAULSON & CO. INC.'s most recent quarter-over-quarter share-count change in THM?
Between Q4 2025 and Q1 2026, PAULSON & CO. INC. added 29,333,650 shares of THM (+41.8%), bringing the total reported position to 99,573,038 shares at a market value of $229.0M.
Does the implied price-per-share represent PAULSON & CO. INC.'s cost basis in THM?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.