Paul Tudor Jones - High Impact Sells

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Paul Tudor Jones is averaging a return of 32.54% over 12 months, placing him in the top ten of billionaire investors. The third quarter portfolio of The Tudor Group, led by Guru Jones, includes 785 stocks and a total value of $2.42 billion with a quarter-over-quarter turnover of 41%. Paul Tudor Jones bought 311 new stocks, according to the GuruFocus update of Nov. 15, 2013.

Here are four high-impact sells and reductions made by Paul Tudor Jones in the third quarter of 2013.

iShares iBoxx $ High Yid Corp Bond ETF ( HYG ): Reduced

Impacts Portfolio: -4.8%

Current Shares: 382,029

Up 2% over 12 months, HYG, an exchange traded fund, has a market cap of $16.03 billion. The dividend yield is 6.60%. The EV-to-EBIT is 18.50; the PEG is 1.20.

Track historical share pricing since 2007:



Guru Action: As of Sept. 30, 2013, Paul Tudor Jones reduced his position by 64.82%, unloading 703,971 shares at an average price of $91.69, for a gain of 1.6%.

The current share price is around $93.18, with a change from average up 2%.

Paul Tudor Jones held HYG for four quarters. He lost 1% on 1,086,000 shares bought at an average price of $93.90 per share. Selling 703,971 shares at an average price of $91.69 per share, he made a gain of 2%.

As of the third quarter of 2013, there are four HYG guru stakeholders. No insider trading was found.

Cimarex Energy Company ( XEC ): Sold Out

Impacts Portfolio: -4%

Up 72% over 12 months, Cimarex Energy Company, an oil and gas exploration and production business, has a market cap of $9.06 billion; its shares trade with a P/E ratio of 19.40. The dividend yield is 0.50%.

The company reported financial results for the third quarter of 2013 with net income of $138.4 million, compared to of $84.3 million in the same quarter a year ago. Earnings of $1.59 per diluted share were reported for the third quarter of 2013, up from $0.97 per diluted share in the third quarter of 2012. Cimarex Energy had quarterly revenue of $549.6 million from the sale of oil, natural gas and natural gas liquids, compared to revenue of $397.4 million in the same quarter a year ago. The company's adjusted cash flow from operations was $394 million compared to $291.2 million in the same quarter of 2012.

Guru Action: As of Sept. 30, 2013, Paul Tudor Jones sold out his holding, unloading 3,300 shares at an average price of $81.04, for a gain of 28.7%.

The current share price is around $104.29, with a change from average up 29%.

Over five years, Paul Tudor Jones sold out XEC three times. He made phenomenal gains of 361.9% in the first quarter of 2009 on his new buy of 13,600 shares at an average price of $22.58 per share. In the next quarter he sold out 13,600 shares at an average price of $28.52 per share for a gain of 265.7%.

Have a look at the very mixed third quarter trading and recent insider selling.

Track historical pricing, revenue and net income:



Baxter International Inc. ( BAX ): Reduced

Impacts Portfolio: -1.93%

Current Shares: 12,900

Up 4% over 12 months, Baxter International Inc., a medical instrument and supply company, has a market cap of $37.26 billion; its shares trade with a P/E ratio of 17.30. The dividend yield is 2.80%.

The company reported financial results for the third quarter of 2013 with net sales of $3.7 billion up 9% from the third quarter of 2012 at $3.4 billion. Baxter's quarterly net income was $544 million, down 7% from the same quarter of 2012, at $583 million. Earnings of $0.99 per diluted share were also down by 7% over last year's third quarter with earnings of $1.06 per diluted share.

Guru Action: As of Sept. 30, 2013, Paul Tudor Jones reduced his position by 96.63%, selling 370,400 shares at an average price of $71.47, for a loss of 3.9%.

The current share price is around $68.66, with a change from average down 4%.

Over a five-year history, Jones took a loss of 2% on 393,100 shares at an average price of $69.96 per share. Selling 380,200 shares at an average price of $71.19 per share, he took a loss of 4%.

Find more third quarter guru trading and recent insider selling.

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Merck & Co. Inc. ( MRK ): Sold Out

Impacts Portfolio: -1.6%

Up 12% over 12 months, Merck & Co. Inc. has a market cap of $140.46 billion; its shares trade with a P/E ratio of 28.80. The dividend yield is 3.60%.

The company reported financial results for the third quarter of 2013 with sales at $11.03 billion, slightly down from the prior year quarter at $11.4 billion. The GAAP net income was $1.12 billion for the reporting quarter, down from $1.72 billion in the second quarter of 2012. Earnings of $0.38 per share (GAAP) were also down from last year's third quarter at $0.56 per share.

Guru Action: As of Sept. 30, 2013, Paul Tudor Jones sold out his holding, unloading 458,100 shares at an average price of $47.85 per share, for a gain of 0.5%, his lowest gain in five years of MRK gains.

The current share price is around $48.07, with a change from average at 0%.

Paul Tudor Jones held MRK for five years of pure gains that peaked at 87.3% when he sold 7,600 shares at an average price of $25.67 per share in the second quarter of 2009.

Here's more third quarter guru trading and recent insider selling.

Track historical pricing, revenue and net income:



Here's more information about Paul Tudor Jones and his complete portfolio .



GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

If you are not a Premium Member, we invite you for a 7-day Free Trial . About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: BAX , HYG , MRK , XEC

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