Paul Tudor Jones’ Tudor Investment Corp revealed its top picks for the fourth quarter in its last 13F filing with the U.S. Securities and Exchange Commission. Excluding its ETF holdings, the hedge fund’s largest position was in Workday Inc (NYSE:WDAY), with a total of 403,500 shares. The investment firm’s top picks also included Facebook Inc (NASDAQ:FB), JD.Com Inc (ADR) (NASDAQ:JD), Tyson Foods, Inc. (NYSE:TSN), and Lennox International Inc. (NYSE:LII).
Tudor Investment Corp was founded in 1980 by Paul Tudor Jones, one of the most successful Wall Street traders of the twentieth century. The billionaire hedge fund manager started out as a traditional macro trader, betting on changes in interest rates and currencies, and focusing on short-term trades. Although the fund has met some troubles as of late, Tudor Investment has been delivering annual returns of approximately 19% since it began operating more than 30 years ago. The hedge fund recently disclosed an equity portfolio valued at around $2.87 billion, up from $2.77 billion last quarter.
Tudor Investment Group’s top pick last quarter was Workday Inc (NYSE:WDAY), a holding accounting for 1.15% of the fund’s equity portfolio. Although Mr. Jones’ firm slightly trimmed its stake in the company, it remains bullish regarding the provider of cloud applications. Since the hedge fund entered a position in the company in the fourth quarter of 2012, until the end of 2014, the stock gained around 52%, while shares are already up by approximately 8% year-to-date. Furthermore, Workday Inc (NYSE:WDAY) is also backed by Christopher Lord’s Criterion Capital, which holds a stake of 2.47 million shares in the company.
With a stake of 360,400 shares, Facebook Inc (NASDAQ:FB) was the second largest position in Tudor Investment Group’s equity portfolio. The stock has generated healthy returns for the hedge fund, as it gained more than 40% last year alone. Furthermore, as shares have continued to climb since the beginning of 2015, Paul Tudor Jones has reason to remain bullish. Steve Cohen also held Facebook Inc (NASDAQ:FB) amongst its top picks last quarter, disclosing a position of 2.35 million shares. Other major institutional investors betting on the company include Ken Griffin’s Citadel Investment Group, Stephen Mandel’s Lone Pine Capital, and Israel Englander’s Millenium Management.
After acquiring an initial stake of 12,000 shares during the second quarter, Tudor Investment Group has increased its position in JD.Com Inc (ADR) (NASDAQ:JD) to 1.17 million shares, making it one of its top picks by the end of 2014. Although the company’s stock price peaked at the end of August, 2014 was not a great year for the stock, as it only managed to gain around 10%.
Year-to-date however, things are looking great, as shares of JD.Com Inc (ADR) (NASDAQ:JD) have gained a whopping 21%. Furthermore, several analysts have upgraded the equity, rating it as a ‘Strong Buy’ as of late. Hence, it comes as no surprise to see this company amongst the equity portfolios of numerous funds, including John Lykouretzos’ Hoplite Capital Management, which owns 4.14 million shares. Billionaire Howard Marks is also bullish regarding the stock, as his fund Oaktree Capital Management holds a stake of 1.36 million shares.
Tyson Foods, Inc. (NYSE:TSN) was one of billionaire Paul Tudor Jones’ largest holdings last quarter, as his investment firm disclosed a position of 669,400 shares in the company. Other billionaire hedge fund managers were also optimistic regarding this stock, including Ken Griffin, who is the company’s largest shareholder among the funds we track with a stake of 5.56 million shares. Steven Cohen’s Point72 Asset Management is also betting on the equity, revealing a holding of 5.17 million shares last quarter. In addition to enjoying a high level of popularity amongst hedge funds and other institutional investors, Tyson Foods, Inc. (NYSE:TSN) has been performing rather well, gaining almost 20% last year, after a 74.5% bump in share price during 2013.
Finally, Tudor Investment Group also held Lennox International Inc. (NYSE:LII) amongst its top picks last quarter. Despite reducing its exposure to the stock by 110,700 shares by the end of 2014, Mr. Tudor Jones continues to bet on this company, with a stake of 212, 500 shares. So far, the billionaire hedge fund manager has not been proven wrong, as shares have climbed by more than 9% year-to-date. This is almost as much as the stock gained throughout the past year. Since taking a hard hit in October, Lennox International Inc. (NYSE:LII) has returned to its ascendant trajectory, and the stock is now trading at a historic high. Hence, it comes as no surprise to see numerous billionaires betting on this stock, including Jim Simons, Ken Griffin, Israel Englander, and Steve Cohen, all of whom own significant stakes in the company.
Disclosure: None
