John Paulson’s hedge fund, Paulson & Co., maintained its stake in the SPDR Gold Shares during the third quarter even as gold prices have declined recently. Paulson & Co., the largest GLD shareholder, made no adjustments to its GLD position for a fifth consecutive quarter.
At the end of the third quarter, Paulson owned over 10.2 million shares of GLD. GLD is Paulson’s second-largest equity position behind Irish pharmaceuticals firm Shire.
In addition to GLD, during Q3 Paulson also maintained stakes in gold miners, including Randgold Resources, Agnico-Eagle Mines, Gold Fields, Sibanye Gold and IAMGOLD.
