This Hedge Fund Portfolio Shrinks 17% as Billionaire Bets Big on Gold
benzinga_article·- John Paulson's hedge fund reduced its equity book to $2.58 billion in the second quarter, shrinking its disclosed positions from 9 to 8. - The firm notably exited its entire stake in Agnico Eagle Mines while opening a small new position in Alphabet. - The portfolio remains heavily concentrated in biotech turnaround bets and gold-mining exposure, with Madrigal Pharmaceuticals and Perpetua Resources accounting for over 54% of the book.