1y return+56.9%S&P 500 +20.9%
3y return+120.7%S&P 500 +68.5%
5y return+85.7%S&P 500 +74.5%
10y return+159.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $259 against $357 in the S&P 500.2
Paulson & Co. Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MDGLMadrigal Pharmaceuticals Inc | $719.5M | 27.9% | −3.7% |
| PPTAPerpetua Resources Corp | $671.5M | 26.1% | |
| AAMIAcadian Asset Management Inc | $417.9M | 16.2% | −24.5% |
| BHCBausch Health Cos Inc | $361.2M | 14.0% | |
| THMInternational Tower Hill Min | $207.9M | 8.1% | +4.9% |
| NGNovagold Resources Inc | $162.6M | 6.3% | |
| THRYThryv Hldgs Inc | $33.3M | 1.3% | |
| GOOGLAlphabet Inc | $1.8M | 0.1% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AAMIAcadian Asset Management Inc | June 30, 2020 | +474.0% | $417.9M |
| PPTAPerpetua Resources Corp | March 31, 2021 | +241.4% | $671.5M |
| MDGLMadrigal Pharmaceuticals Inc | June 30, 2023 | +132.4% | $719.5M |
| THMInternational Tower Hill Min | June 30, 2020 | +11.7% | $207.9M |
| NGNovagold Resources Inc | June 30, 2020 | −35.0% | $162.6M |
| THRYThryv Hldgs Inc | December 31, 2020 | −70.8% | $33.3M |
| BHCBausch Health Cos Inc | June 30, 2020 | −73.0% | $361.2M |
Sold off last quarter
- AEMAgnico Eagle Mines Ltd was $159.0M
- Amicus TherapeuticCUSIP 03152W109 was $469K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −8.4% | +14.8% |
| March 31, 2026 | +1.3% | −4.6% |
| December 31, 2025 | +14.3% | +2.4% |
| September 30, 2025 | +47.9% | +7.8% |
| June 30, 2025 | +7.1% | +10.5% |
| March 31, 2025 | +1.7% | −4.6% |
| December 31, 2024 | +13.4% | +2.1% |
| September 30, 2024 | +6.3% | +5.4% |
| June 30, 2024 | −3.9% | +4.0% |
| March 31, 2024 | +15.7% | +10.0% |
| December 31, 2023 | +6.2% | +11.2% |
| September 30, 2023 | −9.4% | −3.6% |
| June 30, 2023 | −11.7% | +8.3% |
| March 31, 2023 | +14.0% | +7.0% |
| December 31, 2022 | +33.8% | +7.1% |
| September 30, 2022 | −13.6% | −5.3% |
| June 30, 2022 | −27.8% | −16.5% |
| March 31, 2022 | +2.1% | −4.9% |
| December 31, 2021 | +1.1% | +10.7% |
| September 30, 2021 | −2.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Paulson & Co. Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1035674&type=13F-HR&dateb=&owner=include&count=40CIK 1035674
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1035674/000101359426000913/Filed August 14, 2026 · accession 0001013594-26-000913