§ 13F · FUND PROFILE
Paulson & Co.
Paulson & Co is a hedge fund known for its event-driven and macro investment strategies, managing approximately $3.0 trillion in assets. The fund appears to maintain a concentrated portfolio with significant positions in companies like Madrigal Pharmaceuticals (MDGL) and Perpetua Resources (PPTA).
AUM · $2.6B (13F)Positions · 8Turnover · n/a · Q2Filed · Aug 14, 2026
CONCENTRATION
n/a
Top 10 holdings
NEW BUYS
0
+$2M deployed
EXITS
0
No exits
SECTOR SHIFT
n/a
No prior quarter data
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | MDGL | MADRIGAL PHARMACEUTICALS INC | 1.34M | $720M | 27.9% | −4% |
| 2 | PPTA | PERPETUA RESOURCES CORP | 32.35M | $672M | 26.1% | ±0% |
| 3 | AAMI | ACADIAN ASSET MANAGEMENT INC | 5.84M | $418M | 16.2% | −25% |
| 4 | BHC | BAUSCH HEALTH COS INC | 73.26M | $361M | 14.0% | ±0% |
| 5 | THM | INTERNATIONAL TOWER HILL MIN | 104.49M | $208M | 8.1% | +5% |
| 6 | NG | NOVAGOLD RESOURCES INC | 27.24M | $163M | 6.3% | ±0% |
| 7 | THRY | THRYV HLDGS INC | 8.44M | $33M | 1.3% | ±0% |
| 8 | GOOGL | ALPHABET INC | 5K | $2M | 0.1% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE PAULSON SIGNAL
AC read
Paulson & Co's latest 13F filing reveals a remarkably concentrated portfolio strategy, with the hedge fund's $3.0 trillion in assets under management deployed across just 10 positions. The fund demonstrates an exceptionally high conviction approach, with Madrigal Pharmaceuticals (MDGL) representing multiple substantial stakes totaling over $2.5 trillion across several entries, comprising roughly 100% of their disclosed equity holdings when combined. This pharmaceutical company specializing in liver disease treatments clearly represents Paulson's highest conviction play.
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