In keeping with the sector weightings in his portfolio, Paul Tudor Jones (Trades, Portfolio)’ most prominent third-quarter transaction was in an ETF, but most of his other large deals came in much less heavily weighted sectors, such as financial services.
Jones’ most noteworthy third-quarter transaction was the sale of his 1,636,969-share stake in iShares iBoxx $ High Yid. Corp. Bond ETFÂ (HYG, Financial) for an average price of $86.68 per share. The divestiture had a -4.25% impact on his portfolio.
Ken Fisher (Trades, Portfolio) and Manning & Napier Advisors Inc. have shares of iBoxx in their portfolios.
The stock sold for $80.18 per share Tuesday.
Jones also sold his 348,899-share stake in iShares IBoxx $ Invest Grade Corp. Bd. Fd. (LQD, Financial) for an average price of $115.64 per share. The deal had a -1.18% impact on Jones’ portfolio.
Ken Fisher (Trades, Portfolio), Ray Dalio (Trades, Portfolio) and NWQ Managers (Trades, Portfolio) have stakes in iShares IBoxx in their portfolios.
On Tuesday the stock sold for $114.42 per share.
Jones sold his 319,000-share stake in Pall Corporation (PLL, Financial), a Port Washington, New York-based supplier of filtration, separations and purification products, for an average price of $126.13 per share. The transaction had a -1.16% impact on Jones’ portfolio.
Pall Corporation has a market cap of $13.58 billion and an enterprise value of $13.66 billion. It has a P/E of 35.7, a forward P/E of 30.4, a P/B of 8.3 and a P/S of 4.9. GuruFocus has given Pall Corporation a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Meridian Funds (Trades, Portfolio) has shares of Pall Corporation in its portfolio.
Pall Corporation sold for $127.11 per share Tuesday.
Jones acquired a 1,025,300-share stake in Markit Ltd. (MRKT, Financial), a London-based financial services company, for an average price of $27.8 per share. The transaction had a 1.01% impact on Jones’ portfolio.
Markit has a market cap of $5.93 billion and an enterprise value of $6.33 billion. It has a P/E of 45.3, a forward P/E of 19.1, a P/B of 2.7 and a P/S of 4.9. GuruFocus has given Markit a Financial Strength rating of 9/10 and a Profitability and Growth rating of 5/10.
Jones is Markit’s leading shareholder among the gurus. John Rogers (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) have shares of Markit in their portfolios.
On Tuesday Markit sold for $28.95 per share.
Jones increased his position in Con-way Inc. (CNW, Financial), an Ann Arbor, Michigan-based transportation and distribution company, by nearly 7,539%. Jones acquired 640,786 shares for an average price of $39.19 per share. The deal had a 1.03% impact on Jones’ portfolio.
Con-way has a market cap of $2.72 billion and an enterprise value of $3.01 billion. It has a P/E of 20.4, a forward P/E of 16.6, a P/B of 2.3 and a P/S of 0.5. GuruFocus has given Con-way a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
HOTCHKIS & WILEY, Joel Greenblatt (Trades, Portfolio), Richard Pzena (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of Con-way in their portfolios.
Con-way sold for $47.55 per share Tuesday.
Jones raised his stake in Symetra Financial Corp. (SYA, Financial), a Bellevue, Washington-based family of companies providing retirement plans, employee benefits, annuities and life insurance through independent distributors, by nearly 3,072%. Jones purchased 734,289 shares for an average price of $28.61 per share. The transaction had a 0.78% impact on Jones’ portfolio.
Symetra Financial has a market cap of $3.68 billion and an enterprise value of $4.19 billion. It has a P/E of 23.4, a forward P/E of 16.3, a P/B of 1.2 and a P/S of 1.7. GuruFocus has given Symetra Financial a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Jones is Symetra’s leading shareholder among the gurus with 758,193 shares in his portfolio. Richard Pzena (Trades, Portfolio), Michael Price (Trades, Portfolio), David Dreman (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and Ruane Cunniff (Trades, Portfolio) have shares of Symetra Financial in their portfolios.
On Tuesday Symetra Financial sold for $31.65 per share.
Jones reduced his stake in Darden Restaurants Inc. (DRI, Financial), an Orlando, Florida-based restaurant operator, by more than 84%. Jones sold 401,174 shares for an average price of $63.55 per share. The transaction had a -0.83% impact on his portfolio.
Darden Restaurants has a market cap of $7.61 billion and an enterprise value of $8.37 billion. It has a P/E of 26.0, a forward P/E of 18.6, a P/B of 3.2 and a P/S of 1.1. GuruFocus has given Darden Restaurants a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
Joel Greenblatt (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Darden Restaurants in their portfolios.
On Tuesday Darden Restaurants sold for $59.37 per share.
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