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Paul Tudor Jones - High Impact Sells

November 16, 2013 | About:
Sally Jones

Sally Jones

49 followers
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:

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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:

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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.

Track historical pricing, revenue and net income:

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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:

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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.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.7/5 (3 votes)

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