John Paulson is still betting big on gold — here's how he's positioning during the historic turmoil

Hedge Fund billionaire John Paulson attends the 2016 US Open.
Jean Catuffe | Getty Images

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Billionaire hedge fund manager John Paulson's big bets on gold are paying off during the historic market turmoil, and a regulatory filing showed he picked up a few new stocks amid the chaotic first quarter.

Paulson shot to fame for his bets against the U.S. housing market prior to the financial crisis, which made him billions of dollars as the subprime mortgage lending system collapsed more than a decade ago. The New York-based investment adviser Paulson & Co. manages about $9 billion. He said last year he planned to convert his hedge fund into a family office.

Here's a look at what Paulson is betting on next as the market remains highly volatile.