Paulson & Co. adds Alphabet, exits Agnico Eagle Mines, among Q2 moves

Paulson & Co.’s latest 13F shows a notable portfolio shift: the hedge fund added to Alphabet in Q2 while exiting Agnico Eagle Mines and increasing its position in International Tower Hill Mines by 4.9 million shares. The filing suggests a rotation away from one gold miner and toward another mining exposure, while maintaining a meaningful bet on Alphabet’s longer-term growth. Because 13F filings reflect historical positioning rather than real-time trading, the immediate market impact is more about signaling investor conviction and sector preference than a direct catalyst. The move may be read as modestly bullish for GOOG/GOOGL, since the fund added Alphabet, but the overall article is primarily a fund-flow and ownership update rather than an operating-news event.