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

4. NovaGold Resources Inc. (NYSE:NG)

Paulson & Co Q2 2023 Investment: $88.68 Million
Percentage of Paulson &Co as of Q2 2023: 8.65%
Number of Hedge Fund Holders: 13

NovaGold Resources Inc. (NYSE:NG) is one of the oldest holdings in Paulson & Co. portfolio and billionaire John Paulson’s top stock pick in the mining sector. The company explores and develops gold mineral properties in the US. Its principal asset is the Donlin Gold project.

NovaGold Resources Inc. (NYSE:NG) is one of billionaire John Paulson’s top stock picks. Paulson has generated significant returns from the mining company, with its share prices having rallied before tumbling over the past ten years. NovaGold Resources Inc. (NYSE:NG) accounts for 8.65% of the hedge fund portfolio.

By the end of Q2 2023, NovaGold Resources Inc. (NYSE:NG) had 13 hedge funds from Insider Monkey’s database of 910 funds as its shareholders. The top shareholder among them was John Paulson’s Paulson & Co., which owned a $88.68 million chunk of the company.

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