Billionaire John Paulson’s Messy Divorce and Top 5 Stock Picks

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In this article, we discuss billionaire John Paulson’s Messy divorce and top 5 stock picks. If you want to see more stocks in this selection, check out Billionaire John Paulson’s Messy Divorce and Top Stock Picks.

5. Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL)

Paulson & Co Q2 2023 Investment: $80.90 Million
Percentage of Paulson &Co as of Q2 2023: 7.89%
Number of Hedge Fund Holders: 33

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) is a clinical-stage biopharmaceutical company that develops therapeutics for non-alcoholic steatohepatitis. The company’s lead product is resmetiroma thyroid hormone receptor beta agonist.

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) is the latest addition to Paulson & C portfolio, the hedge fund having acquired 350,200 shares in the company worth $80M. The stock accounts for 7.89% of the hedge fund’s portfolio. The investment comes on the heels of the pharmaceutical company delivering positive top-line results for resmetiroma, a candidate drug for treating liver conditions. 

As of the end of the second quarter of 2023, 33 hedge funds tracked by Insider Monkey reported owning stakes in Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL).

Follow Madrigal Pharmaceuticals Inc. (NASDAQ:MDGL)

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