Billionaire John Paulson’s Top 5 Stock Picks

4. SPDR Gold Shares (NYSE: GLD)

Value: $337,859,000
Percent of John Paulson’s 13F Portfolio: 8.76%
Number of Hedge Fund Holders: 62

Billionaire John Paulson remains bullish on gold despite the current volatility as his hedge fund ended the fourth quarter with 1.9 million SPDR Gold shares. The total worth of this stake is $337.9 million. Gold price ticked up on March 17 after the Federal Reserve indicated that it plans to stick to its near-zero interest rate policy at least through 2023.

With a $692.9 million stake in GLD, First Eagle Investment Management owns 3.8 million shares of the ETF as of the end of the fourth quarter of 2020. Our database shows that 62 hedge funds held stakes in SPDR Gold Shares as of the end of the fourth quarter, versus 65 funds in the third quarter.