We recently published a list of Billionaire John Paulson’s 10 Stocks with Huge Upside Potential. In this article, we are going to take a look at where Trilogy Metals Inc. (NYSEAMERICAN:TMQ) stands against other stocks with huge upside potential.
John Alfred Paulson is an American billionaire hedge fund manager who founded Paulson & Co. in 1994. It is a New York-based fund management firm that specializes in private equity and hedge funds. Paulson graduated as valedictorian of his class with a summa cum laude distinction in finance from NYU’s College of Business and Public Administration in 1978. He also pursued an MBA at Harvard Business School as a George F. Baker Scholar, which is a prestigious recognition awarded to the top 5% of his class. It’s supported by the Sidney J. Weinberg/Goldman Sachs scholarship, which he earned in 1980. With a client base of 20, the firm’s latest 13F filing for Q4 2024 revealed ~$1.65 billion in managed 13F securities and a top 10 holdings concentration of 98.55%.
The firm is known for its expertise in event-driven arbitrage strategies, such as merger arbitrage, bankruptcy reorganizations, and other corporate events. Paulson & Co. also pursues investments in distressed debt opportunities throughout the US and Western Europe, with the help of its strategic insights and extensive market experience. John Paulson is now also bullish on gold after 15 years and expects its price to reach ~$5,000 per ounce by 2028. He is the largest shareholder in Perpetua Resources. On April 29, Reuters reported that in a recent interview, Paulson reinforced that his conviction in gold is underpinned by the analysis of central bank buying trends and rising global trade tensions. He highlighted the inclination of central banks and individuals to seek stable stores of value now and suggested that gold will therefore enhance its global standing. Paulson believes that the Western confiscation of Russia’s foreign reserve holdings following the Ukraine invasion is one of the reasons behind the anticipated appreciation of gold prices.
Our Methodology
To compile the list of billionaire John Paulson’s 10 stocks with huge upside potential, we sifted through Q4 2024 13F filings of Paulson & Co. from Insider Monkey. From these filings, we checked each stock’s upside potential from CNN and ranked the stocks in ascending order of this upside potential. We have also added Paulson & Co.’s stake in each company and the hedge fund sentiment around each stock.
Note: All data was sourced on May 2.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Aerial view of the Ambler Mining District in Northwest Alaska, showing the vastness of the area.
Trilogy Metals Inc. (NYSEAMERICAN:TMQ)
Paulson & Co.’s Stake: $16.62 million
Number of Hedge Fund Holders: 9
Average Upside Potential as of May 2: 63.04%
Trilogy Metals Inc. (NYSEAMERICAN:TMQ) explores and develops mineral properties in the US. It primarily explores copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic and Bornite.
The Bornite copper project is particularly rewarding for Trilogy Metals. The recently announced Preliminary Economic Assessment (PEA) shows the potential for an underground mining operation with a 17-year mine life, which would be capable of producing 1.9 billion pounds of copper. This PEA indicates a pre-tax net present value (NPV) at an 8% discount rate of $552 million and an internal rate of return (IRR) of 23.6%.
The development plan for Bornite anticipates a 6,000 tonne-per-day operation, using the infrastructure from the Arctic Project once that deposit is depleted, potentially extending the Upper Kobuk Mineral Projects’ activity to over 30 years. Trilogy Metals Inc. (NYSEAMERICAN:TMQ) will be using the positive results of the Bornite PEA to guide further project development and decision-making.
Overall, TMQ ranks 4th on our list of billionaire John Paulson’s stocks with huge upside potential. While we acknowledge the potential of TMQ as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TMQ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
