Billionaire hedge fund manager John Paulson, head of Paulson & Co, maintains a portfolio positioning for potential upside, which includes shares of the tech giant commonly known as Google Stock, formally Alphabet Inc. (NASDAQ:GOOGL). The firm's holdings are detailed in recent regulatory filings.
Paulson & Co., a New York-based firm founded in 1994, manages approximately $1.65 billion in 13F securities, based on its Q4 2024 filing. The fund specializes in event-driven arbitrage and distressed debt opportunities. A list compiling some of his firm's positions noted for potential growth was recently published.
The inclusion of Alphabet Inc. (NASDAQ:GOOGL) positions the firm within the technology sector, contrasting with other resource-focused investments also highlighted in the list.
Among other stocks featured is Perpetua Resources Corp. (PPTA), a development-stage mining company where Paulson holds a substantial stake, making him the largest shareholder. Perpetua is advancing its Stibnite Gold project in Idaho, which contains significant gold and antimony deposits.
Another holding from the list is Madrigal Pharmaceuticals Inc. (NASDAQ:MDGL), a biopharmaceutical company focused on metabolic dysfunction-associated steatohepatitis/MASH treatments. The company's drug Rezdiffra received FDA approval in March 2024 and has shown strong initial sales, treating thousands of patients.
Beyond specific equity holdings, Paulson has expressed a bullish outlook on gold prices, anticipating a rise to around $5,000 per ounce by 2028. He cites factors such as central bank purchasing trends, increasing global trade tensions, and the freezing of Russia’s foreign reserve holdings as drivers for gold's potential appreciation as a stable store of value.
The practice of tracking the investment activities of prominent hedge fund managers like Paulson provides insights into market sentiment and potential future trends across various sectors, from technology to mining and pharmaceuticals.
