Paul Tudor Jones
, who founded $11 billion Tudor Investment Corp. in 1980, bought
377 new stocks in the first quarter, the largest of which were
sizable positions financials: Spider Financial Sels (
), JPMorgan Chase (
). He also bought Becton Dickinson (
), Waters Corp. (
) and Brunswick Corp. (
). Jones investing style is generally short-term trading.
The Financial Select Sector SPDR, of which Jones bought 8,663,000
shares at an average price of $15, contains a variety of
investment management, commercial and investment banking
institutions. Several top holdings are JPMorgan Chase, Wells
Fargo and BankAmerica Corp.
Year to date, the ETF has returned 6%, after dipping
significantly in 2011. It is now his top largest holding, aside
from a put and calls on several other ETFs.
His second-largest new buy and new second-largest stock holding
is JPMorgan Chase. Jones acquired 1,272,600 shares in the first
quarter at approximately $39.55, which represents 2% of his
holding. After rising to a $46.49 per share 52-week high in the
first quarter, JPMorgan's shares dove after the bank revealed $2
billion in reading losses on May 10.
Jones bought sundry other stocks including 276,100 shares of
Becton Dickinson, 173,700 shares of Waters Corp. (
) and 592,200 shares of Brunswick Corp. (
Another important purchase highlight of his first quarter is his
238,000 shares of the Market Vectors Gold Miners ETF (
) at an average price of $53.50, as his eighth-largest new
holding. In the last year, the ETF has declined almost 25%.
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