Paulson & Co. Q1 2026: Significant Google Purchase and Adjustments in Healthcare/Sector Holdings
Paulson & Co., Inc.'s portfolio saw notable changes in the first quarter of 2026, highlighted by a significant increase in Alphabet shares (GOOGL) while maintaining strong positions in Basic Materials.
As reported for Paulson & Co. Inc., the portfolio held as of June 30, 2026, totaled approximately $2.58 billion. The investment firm's holdings reflect a strategic focus on specific sectors and individual stocks during this quarter.
Among the most significant changes observed in Q1 2026 was an increase in shares of Alphabet Inc. (GOOGL). The position saw a substantial 5,000 share addition, representing a portfolio percentage allocation of just under 1% ($1.76 million) and an increase of exactly 100%. This suggests renewed interest or confidence in the tech giant.
Conversely, Paulson & Co. reduced its stake in several companies during this period. The firm sold shares of Madrigal Pharmaceuticals Inc. (MDGL), decreasing the position by 52,168 shares (-3.75% weight) and lowering its portfolio percentage allocation to 27.94%. Similarly, Acadian Asset Management Inc. (BSIG) experienced a significant reduction of -1,900,000 shares (-24.54% weight), resulting in its portfolio percentage dropping to 16.23%. These actions indicate a strategic shift away from these specific holdings.
The firm also adjusted other positions slightly during Q1 2026. Holdings like Perpetual Resources Corp. (PPTA) and Novagold Resources Inc. (NG) remained unchanged in terms of share count, while the position in International Tower Hill Mining Ltd. (THM), a key player in Basic Materials, saw an increase but with minimal impact on its overall portfolio allocation.
Paulson & Co.'s portfolio continues to be heavily concentrated in the Basic Materials and Healthcare sectors. The Basic Materials sector allocation stands at $1.04 billion (40.46% of the portfolio), while Healthcare represents $1.08 billion or 41.96%. These allocations underscore the investor's continued confidence in these cyclical and essential industries.
Furthermore, Paulson & Co maintains a position in Communication Services, albeit small. The firm holds shares of THRYV Holdings Inc. (THRY) and Alphabet Inc., contributing to just 1.36% of the portfolio through these holdings, alongside their larger Basic Materials allocation.