Billionaire investor John Paulson, best known for his affinity for gold and gold miners, opened a fresh stake in a major tech giant during the second quarter of 2025. 

GOOG stock rose on Friday. Check out the chart here. 

Paulson's hedge fund, Paulson & Co., disclosed the purchase of 9,000 shares of Alphabet, Inc. ( GOOG ) in its most recent 13F filing. 

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While this position represents a modest portion of the overall portfolio by value, it stands out as a deliberate move into the tech sector. 

More impactful in terms of portfolio weight, and in-line with Paulson's typical strategy, was a large increase in holdings of gold miner Perpetua Resources Corp. ( PPTA ) . 

Paulson's fund added over 7.5 million shares during the second quarter, bringing the total value of its stake up to nearly $92 million. The increased commitment reflects the firm's strong confidence in Perpetua's future prospects. 

Paulson & Co. also increased its position in Bausch Health Companies, Inc. ( BHC ) and decreased its exposure to Madrigal Pharmaceuticals, Inc. ( MDGL ) in the second quarter. 

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