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

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).

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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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3. Perpetua Resources Corp. (NASDAQ:PPTA)

Paulson & Co Q2 2023 Investment: $90.91 Million
Percentage of Paulson &Co as of Q2 2023: 8.87%
Number of Hedge Fund Holders: 7 

Perpetua Resources Corp. (NASDAQ:PPTA) is a basic materials company engaged in mineral exploration and development activities across the US. Paulson & Co. has turned to Perpetua Resources Corp. (NASDAQ:PPTA) to gain exposure to gold, silver, and antimony exploration and mining. The company’s flagship project is the Stibnite gold project in Idaho.

Perpetua Resources Corp. (NASDAQ:PPTA)’s wholly-owned subsidiary, Perpetua Resources, was recently awarded an ordinance technology agreement of up to $15.5M by the Department of Defence.

Paulson first gained exposure to the mining company in 2021 after acquiring stakes worth $159 million. The hedge fund has been buying and selling shares, taking advantage of the market swings that have come into play. As of the end of the second quarter, the hedge fund held stakes worth $90 million. Perpetua Resources Corp. (NASDAQ:PPTA) had 7 hedge funds in its corner by the end of Q2 2023, according to Insider Monkey’s data.

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2. BrightSphere Investment Group Inc. (NYSE:BSIG)

Paulson & Co Q2 2023 Investment: $187.51 Million
Percentage of Paulson &Co as of Q2 2023: 18.3%
Number of Hedge Fund Holders: 26

BrightSphere Investment Group Inc. (NYSE:BSIG) provides financial services that help individuals and institutions manage their assets. The company also launches equity mutual funds for its clients while investing in public equity fixed-income and alternative investment markets.

Paulson & Co. has reaped big from its investment in BrightSphere Investment Group Inc. (NYSE:BSIG), which started in the third quarter of 2019. At one point, the stock doubled in value from where the hedge fund bought stakes. While the stock has pulled back from its all-time highs, it remains billionaire John Paulson’s top stock pick, having proven its ability to generate significant gains.

Consequently, BrightSphere Investment Group Inc. (NYSE:BSIG) remains the second largest holding for Paulson & Co., accounting for 18% of the portfolio. According to the hedge funds tracked by Insider Monkey, 26 funds placed long calls on BrightSphere Investment Group Inc. (NYSE:BSIG) at the end of Q2 2023. Paulson & Co is a leading stakeholder of the company, with 8.95 million shares worth $187.51 million.

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1. Bausch Health Companies Inc. (NYSE:BHC)

Paulson &Co Q2 2023 Investment: $21.51 Million
Percentage of Paulson &Co as of Q2 2023: 20.63%
Number of Hedge Fund Holders: 37

Bausch Health Companies Inc. (NYSE:BHC) is one of billionaire John Paulson’s top stock picks, having relied on the company to gain exposure in the multibillion-dollar healthcare sectors. The company has carved a niche in developing, manufacturing, and marketing a range of gastroenterology, hepatology, neurology, and dermatology products. It sells aesthetic medical devices, branded pharmaceuticals, generic pharmaceuticals, and OTC products internationally.

Paulson & Co. first bought stakes in the healthcare play in $2018 and has been buying and selling with each opportunity to lock in profit. The diversified pharmaceutical company is on the cusp of bouncing to profitability as its losses lessen. The hedge fund has since bolstered its stakes in Bausch Health Companies Inc. (NYSE:BHC), which accounts for 20% of its portfolio.

According to Insider Monkey’s second-quarter database, Bausch Health Companies Inc. (NYSE:BHC) was part of 37 hedge fund portfolios, compared to 32 in the prior quarter. John Paulson’s Paulson & Co is the company’s largest stakeholder, with 26.4 million shares worth $211.51 million.

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Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get  the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 15 Michael Burry Stocks Other Hedge Funds Like Most and 17 George Soros Stocks that are on Sale Now.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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