PAULSON & CO. INC.

CIK 0001035674 · Q1 2026

13F Equity AUM

$3.1B

-4.6% QoQ

Positions

0 QoQ

AUM Rank

#1,358

Top 11%

Skill Alpha (FF)

-6.3%/yr^ns

No Clear Edge

Rank #7,669 · Top 93%

vs S&P -5.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 86.8%Top 10: 100.0%Top 20: 100.0%

PPTA29.2%

MDGL23.4%

AAMI13.5%

BHC12.7%

NG7.9%

ITH7.4%

AEM5.1%

THRY0.7%

AM60.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials49.6%

Healthcare36.1%

Financial Services13.5%

Other0.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 9Median: 7.86%Avg: 11.11%

0–0.5%

1(0.0%)

0.5–1%

1(0.7%)

1–3%

0(0.0%)

3–5%

0(0.0%)

5%+

7(99.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 9Unique: 0vs 20 funds

0.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

FMR LLC

0.3%

MORGAN STANLEY

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.2%

BlackRock, Inc.

0.2%

JPMORGAN CHASE & CO

0.1%

BANK OF AMERICA CORP /DE/

0.1%

STATE STREET CORP

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New1Increased2Decreased1Exited1

New Positions

AM60.0%

+32K

Increased

ITH7.4%

+29.3M(+42%)

THRY0.7%

+4.1M(+94%)

Decreased

MDGL23.4%

-315,334(-18%)

Exited

SOLS

-1,395,787

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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