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Livermore
Livermore
ZHEN

Paulson & Co. Inc.

SEC CIK
0001035674
Latest filing
Aug 14, 2026

The latest 13F from Paulson & Co. Inc. covers Q2 2026 (filed Aug 14, 2026): 8 long positions worth $2.58B. The top 10 holdings make up 100.0% of the portfolio, and the largest is Madrigal Pharmaceuticals, Inc. (MDGL) at 27.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$1.77M
Added
1
Est. +$9.78M
Reduced
2
Est. −$163.9M
Sold out
2
Est. −$159.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. MDGLMadrigal Pharmaceuticals, Inc.
    27.9%$719.5MHistory
  2. PPTAPerpetua Resources Corp.
    26.1%$671.5MHistory
  3. AAMIAcadian Asset Management Inc.
    16.2%$417.9MHistory
  4. BHCBausch Health Companies Inc.
    14.0%$361.2MHistory
  5. THMInternational Tower Hill Mines Ltd
    8.1%$207.9MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. THMInternational Tower Hill Mines Ltd
    +$9.78MAddedHistory
  2. GOOGLAlphabet Inc.
    +$1.77MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. THMInternational Tower Hill Mines Ltd
    +0.71 pp7.4% → 8.1%History
  2. GOOGLAlphabet Inc.
    +0.07 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AEMAgnico Eagle Mines Ltd
    −$159.0MSold outHistory
  2. AAMIAcadian Asset Management Inc.
    −$135.9MReducedHistory
  3. MDGLMadrigal Pharmaceuticals, Inc.
    −$28.0MReducedHistory
  4. FOLDAmicus Therapeutics, Inc.
    −$468.5KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AEMAgnico Eagle Mines Ltd
    −5.11 pp5.1% → 0.0%History
  2. FOLDAmicus Therapeutics, Inc.
    −0.02 pp<0.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.58B
−$535.9M (−17.2%) vs. prior quarter
Positions
8
−1 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.4%
Q2 2026, one quarter
Average holding period
19.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $4.35B (Q1 2021)

Q1 2021: $4.35BQ2 2021: $4.18BQ3 2021: $3.51BQ4 2021: $3.24BQ1 2022: $3.25BQ2 2022: $2.03BQ3 2022: $1.37BQ4 2022: $1.11BQ1 2023: $1.20BQ2 2023: $1.02BQ3 2023: $1.12BQ4 2023: $1.11BQ1 2024: $1.45BQ2 2024: $1.35BQ3 2024: $1.43BQ4 2024: $1.65BQ1 2025: $1.75BQ2 2025: $2.01BQ3 2025: $2.97BQ4 2025: $3.26BQ1 2026: $3.11BQ2 2026: $2.58B
Q1 2021Q2 2026
13F filings of Paulson & Co. Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20268$2.58BMDGLPPTAAAMIvs. Q1 2026SEC
Q1 2026May 15, 20269$3.11BPPTAMDGLAAMIvs. Q4 2025SEC
Q4 2025Feb 17, 20269$3.26BMDGLPPTABHCvs. Q3 2025SEC
Q3 2025Nov 14, 202510$2.97BMDGLPPTABHCvs. Q2 2025SEC
Q2 2025Aug 14, 202515$2.01BMDGLPPTAAAMIvs. Q1 2025SEC
Q1 2025May 15, 202514$1.75BMDGLPPTAAAMIvs. Q4 2024SEC
Q4 2024Feb 14, 202513$1.65BMDGLPPTAAAMIvs. Q3 2024SEC
Q3 2024Nov 14, 202415$1.43BMDGLPPTAAAMIvs. Q2 2024SEC
Q2 2024Aug 14, 202416$1.35BMDGLAAMIBHCvs. Q1 2024SEC
Q1 2024May 15, 202418$1.45BMDGLBHCAAMIvs. Q4 2023SEC
Q4 2023Feb 14, 202417$1.11BMDGLBHCAAMIvs. Q3 2023SEC
Q3 2023Nov 14, 202318$1.12BHZNPBHCAAMIvs. Q2 2023SEC
Q2 2023Aug 14, 202321$1.02BBHCAAMIPPTAvs. Q1 2023SEC
Q1 2023May 15, 202320$1.20BBHCAAMINGvs. Q4 2022SEC
Q4 2022Feb 14, 202322$1.11BAAMIHZNPBHCvs. Q3 2022SEC
Q3 2022Nov 14, 202228$1.37BHZNPBHCAAMIvs. Q2 2022SEC
Q2 2022Aug 15, 202232$2.03BHZNPBHCAAMIvs. Q1 2022SEC
Q1 2022May 16, 202233$3.25BHZNPBHCAAMIvs. Q4 2021SEC
Q4 2021Feb 14, 202236$3.24BBHCHZNPAAMIvs. Q3 2021SEC
Q3 2021Nov 15, 202137$3.51BBHCHZNPAAMIvs. Q2 2021SEC
Q2 2021Aug 16, 202139$4.18BBHCHZNPAAMIvs. Q1 2021SEC
Q1 2021May 17, 202135$4.35BBHCHZNPAAMI–SEC

13D and 13G filings

Companies where Paulson & Co. Inc. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

7 companies, largest stake first.

Companies where Paulson & Co. Inc. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
THMInternational Tower Hill Mines Ltd13D/A39.90%104.5M shares+1.80 ppfrom 38.10%Jan 22, 20245 filingsApr 20, 2026SEC
PPTAPerpetua Resources Corp.13D/A31.20%32.3M shares–Aug 27, 20212 filingsJun 16, 2025SEC
THRYThryv Holdings, Inc.13G/A19.12%8.44M shares+9.14 ppfrom 9.98%Feb 16, 20215 filingsMar 3, 2026SEC
BHCBausch Health Companies Inc.13D/A19.10%70.8M shares+10.20 ppfrom 8.90%May 21, 20253 filingsAug 14, 2025SEC
AAMIAcadian Asset Management Inc.13D/A16.40%5.84M shares−5.20 ppfrom 21.60%Nov 5, 20215 filingsJun 22, 2026SEC
NGNovagold Resources Inc13G/A9.80%40.0M shares–Feb 16, 20214 filingsAug 14, 2025SEC
MDGLMadrigal Pharmaceuticals, Inc.13G/A6.10%1.39M shares−1.40 ppfrom 7.50%Nov 13, 20235 filingsMay 15, 2026SEC

Latest filings

31 filings on file made by Paulson & Co. Inc. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Paulson & Co. Inc.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
AAMIAcadian Asset Management Inc.Jun 22, 20265:12 PM ET13D/A16.40%5.84M shares−5.20 ppfrom 21.60%Jun 17, 2026SEC
MDGLMadrigal Pharmaceuticals, Inc.May 15, 20264:43 PM ET13G/A6.10%1.39M shares−1.40 ppfrom 7.50%Mar 31, 2026SEC
THMInternational Tower Hill Mines LtdApr 20, 20268:08 PM ET13D/A39.90%104.5M shares+1.80 ppfrom 38.10%Apr 16, 2026SEC
THRYThryv Holdings, Inc.Mar 3, 20269:07 PM ET13G/A19.12%8.44M shares+9.14 ppfrom 9.98%Feb 27, 2026SEC
MDGLMadrigal Pharmaceuticals, Inc.Feb 17, 20265:19 PM ET13G/A7.50%1.71M shares–Dec 31, 2025SEC
THMInternational Tower Hill Mines LtdJan 30, 20265:01 PM ET13D/A38.10%99.6M shares+4.10 ppfrom 34.00%Jan 28, 2026SEC
THMInternational Tower Hill Mines LtdJan 27, 20266:20 PM ET13D/A34.00%88.3M shares+0.20 ppfrom 33.80%Jan 27, 2026SEC
AAMIAcadian Asset Management Inc.Sep 5, 20254:48 PM ET13D/A21.60%7.74M shares–Sep 3, 2025SEC
BHCBausch Health Companies Inc.Aug 14, 20259:38 PM ET13D/A19.10%70.8M shares+10.20 ppfrom 8.90%Aug 14, 2025SEC
NGNovagold Resources IncAug 14, 20255:35 PM ET13G/A9.80%40.0M shares–Jun 30, 2025SEC
BHCBausch Health Companies Inc.Jun 17, 20254:39 PM ET13D/A8.90%32.8M shares+1.80 ppfrom 7.10%Jun 13, 2025SEC
PPTAPerpetua Resources Corp.Jun 16, 20257:22 PM ET13D/A31.20%32.3M shares–Jun 10, 2025SEC
BHCBausch Health Companies Inc.May 21, 20257:39 PM ET13D/A7.10%26.4M shares–May 20, 2025SEC
THMInternational Tower Hill Mines LtdMar 5, 20254:01 PM ET13D/A33.80%70.2M shares–Mar 3, 2025SEC
THRYThryv Holdings, Inc.Feb 14, 20255:37 PM ET13G/A9.98%4.28M shares–Dec 31, 2024SEC
MDGLMadrigal Pharmaceuticals, Inc.Nov 14, 202413G/AOld format–––SEC
NGNovagold Resources IncNov 14, 202413G/AOld format–––SEC
MDGLMadrigal Pharmaceuticals, Inc.Feb 14, 202413G/AOld format–––SEC
NGNovagold Resources IncFeb 14, 202413G/AOld format–––SEC
THMInternational Tower Hill Mines LtdJan 22, 202413D/AOld format–––SEC