John Paulson (Trades, Portfolio) has 60% of his assets in the Healthcare sector. Of that, his largest holding, Akorn Inc. (NASDAQ:AKRX), makes up 2.68% of his total assets, an 8,974,400-share stake good for a 7.17% position in the company, which he’s held since the low $30 range.
This bet on health care includes other trades that have lost a lot of value like Valeant (NYSE:VRX), Gilead (NASDAQ:GILD), Teva (NYSE:TEVA), Mylan (NASDAQ:MYL) and Allergan (NYSE:AGN). In fact, it was a pretty bad year for health care stocks in 2016; however, the industry’s sales and profits continue to grow. Continue Reading »