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Holly LaFon
Holly LaFon
Articles (7312) 

Paul Tudor Jones Buys JPMorgan and Financials ETF as Top Holdings

May 18, 2012 | About:
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 (XLF), JPMorgan Chase (NYSE:JPM). He also bought Becton Dickinson (NYSE:BDX), Waters Corp. (NYSE:WAT) and Brunswick Corp. (NYSE:BC). 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. (NYSE:WAT) and 592,200 shares of Brunswick Corp. (NYSE:BC).

Another important purchase highlight of his first quarter is his 238,000 shares of the Market Vectors Gold Miners ETF (GDX) at an average price of $53.50, as his eighth-largest new holding. In the last year, the ETF has declined almost 25%.

See more of Paul Tudor Jonesportfolio here. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Paul Tudor Jones.


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