Highlighting a Significant Investment in iShares Russell 2000 ETF
Paul Tudor Jones (Trades, Portfolio) II, the esteemed founder and chief investment officer of Tudor Investment Group, has made notable adjustments to his investment portfolio in the third quarter of 2024. Known for his pioneering contributions to the hedge fund industry, Jones has a storied career that began in the cotton trading pits before establishing his firm in 1980. Tudor Investment is renowned for its expertise in discretionary macro trading and systematic investment approaches, emphasizing innovation and rigorous research to drive consistent returns.
Summary of New Buys
During the third quarter, Paul Tudor Jones (Trades, Portfolio) expanded his portfolio by adding a total of 501 stocks. Noteworthy new acquisitions include:
- iShares Russell 2000 ETF (IWM, Financial) with 686,581 shares, making up 0.55% of the portfolio and valued at $151.66 million.
- Infinera Corp (INFN, Financial), acquiring 15,915,186 shares, which represent 0.39% of the portfolio, totaling $107.9 million.
- Spirit AeroSystems Holdings Inc (SPR, Financial) with 3,180,039 shares, accounting for 0.38% of the portfolio, valued at $103.38 million.
Key Position Increases
Paul Tudor Jones (Trades, Portfolio) also strategically increased his stakes in several companies:
- NVIDIA Corp (NVDA, Financial) saw an addition of 1,095,156 shares, bringing the total to 1,368,450 shares. This adjustment marks a 400.72% increase in share count, impacting the portfolio by 0.48%, with a total value of $166.18 million.
- iShares Bitcoin Trust ETF (IBIT, Financial) with an additional 3,558,665 shares, bringing the total to 4,428,230 shares. This represents a 409.25% increase in share count, valued at $159.99 million.
Summary of Sold Out Positions
In the same quarter, Paul Tudor Jones (Trades, Portfolio) exited several positions completely:
- Bristol-Myers Squibb Co (BMY, Financial), selling all 2,000,813 shares, impacting the portfolio by -0.43%.
- UnitedHealth Group Inc (UNH, Financial), liquidating all 121,645 shares, resulting in a -0.32% portfolio impact.
Key Position Reductions
Reductions were also made in several key holdings:
- Apple Inc (AAPL, Financial) was reduced by 438,378 shares, a 90.25% decrease, impacting the portfolio by -0.47%. The stock traded at an average price of $223.32 during the quarter.
- Salesforce Inc (CRM, Financial) saw a reduction of 222,561 shares, a 93.85% decrease, impacting the portfolio by -0.29%. The stock traded at an average price of $256.15 during the quarter.
Portfolio Overview
As of the third quarter of 2024, Paul Tudor Jones (Trades, Portfolio)'s portfolio included 2,638 stocks. The top holdings were 0.76% in SPDR S&P 500 ETF Trust (SPY, Financial), 0.6% in NVIDIA Corp (NVDA, Financial), 0.58% in iShares Bitcoin Trust ETF (IBIT, Financial), 0.55% in iShares Russell 2000 ETF (IWM, Financial), and 0.39% in Infinera Corp (INFN, Financial). The investments span across all 11 industries, with significant concentrations in Technology, Financial Services, and Industrials.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
