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Samira Meskini
Samira Meskini
Articles (85) 

Paul Tudor Jones Exits Positions in Motorola, Pall Corp.

Examining Tudor Investment founder's closed stakes

Paul Tudor Jones (Trades, Portfolio) is the president and founder of Tudor Investment Corporation. He manages a portfolio composed of 1510 stock that has a total value of $2.9 billion.

The following are the stocks that Tudor Jones sold out during the third quarter.

Tudor Jones had held 1,636,969 shares of iShares iBoxx $ High Yid Corp Bond (ETF) (HYG) and he established this position in his portfolio at an average price of $93.91 in Q2 2013. In the third quarter, he sold his stake at an average price of $86.68 per share and lost 3% on the investment. The deal had an impact of -4.25% on his portfolio.

Steven Cohen (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) were other investors that exited their positions in iShares iBoxx $ High Yid Corp Bond, while Ken Fisher (Trades, Portfolio) and Manning & Napier Advisors reduced their stakes below 1%.

He also exited its position in Motorola Solutions Inc. (NYSE:MSI). He purchased 348,899 shares in Q2 2014 at an average price of $118.31 per share. He sold the stake at an average price below his purchase price at $115.64 and lost 2%. The deal had an impact of -1.18% on his portfolio.

Paul Singer (Trades, Portfolio) also exited his position in Motorola Solutions, while NWQ Managers (Trades, Portfolio) reduced their stake by 5.88%.

Tudor Jones exited his position in Pall Corporation (PLL), selling 319,000 shares. The position was established in Q2 2015 at an average price of $112.9 per share. He sold at an average price of $126.13 and gained 12%. The deal had an impact of -1.16% on his portfolio.

Pall Corporation has a market cap of $13.58 billion and the company supplies filtration, separation and purification technologies. Its products are used to remove solid, liquid and gaseous contaminants from a variety of liquids and gases. Its serves its customers through two businesses: Life Sciences and Industrial.

It has a P/E of 35.70, a forward P/E of 34.30, a P/B of 8.31 and a P/S of 4.88. GuruFocus has given Pall Corporation a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.

The stock was also sold by Mariko Gordon (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Westport Asset Management (Trades, Portfolio), First Eagle Investment (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio).

Catamaran Corp. (CTRX) is another stock Tudor Jones sold in the third quarter. The position was established in Q4 2013 at an average price of $47.16 per share and saw a huge increase of 1130% in the first quarter of 2015. This quarter he sold his shares at higher than his purchase price at $61.33 and gained 7%. The deal had an impact of -1.08% on his portfolio.

Catamaran has a market cap of $12.79 billion, and provides pharmacy benefit management services and healthcare IT solutions. It has a P/E of 42.60, a forward P/E ratio of 21.60, a P/B of 2.46 and a P/S of 0.64. GuruFocus has given Catamaran a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.

Other investors who exited their positions in Catamaran are Mario Gabelli (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio), Jim Simons (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Prem Watsa (Trades, Portfolio), Wallace Weitz (Trades, Portfolio), Eric Mindich (Trades, Portfolio) and Louis Moore Bacon (Trades, Portfolio).

Omnicare Inc. (OCR) was another stock that lost its position in Tudor Jones' portfolio. He purchased the position in Q2 2015 at an average price of $89.2. Tudor Jones sold his stake at above his purchase price at $96.06 per share, and gained 8%. The deal had an impact of -0.97% on his portfolio.

Omnicare has a market cap of $9.49 billion and it is a healthcare services company that specializes in the management of complex pharmaceutical care. The company operates two primary businesses, Long-Term Care Group and Specialty Care Group.

It has a P/E of 60.50, a forward P/E of 21.05, P/B of 3.72 and a P/S of 1.55. GuruFocus has given Omnicare a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.

Tudor Jones also sold his stake in Ann Inc. (ANN). He purchased it in Q4 2012, and since then lost its position several times. This quarter he sold his shares at higher than its purchase price at $46.31 and gained 8%. The deal had an impact of -0.95% on his portfolio.

Ann Inc. has a market cap of $2.06 billion. The company is a specialty retailer of women's apparel, shoes and accessories sold mainly under the Ann Taylor and LOFT brands. 

It has a P/E of 27.30, a forward P/E of 21.74, a P/B of 3.90 and a P/S of 0.80. GuruFocus has given Ann a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.

James Barrow (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) were other investors who exited their positions in Ann Inc.

Tudor Jones also exited his position in Hospira Inc. (HSP). He purchased the holding in Q4 2013 at an average price of $40.26 per share. He then sold at double its purchase price at $89.48 and gained 4%. The deal had an impact of -0.83% on his portfolio.

Hospira Inc. has a market cap of $15.56 billion and the company is a provider of injectable drugs and infusion technologies.

It has a P/E of 37.80, a forward P/E of 27.93, a P/B of 4.30 and a P/S of 3.37. GuruFocus has given Hospira a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.

George Soros (Trades, Portfolio), Robert Bruce (Trades, Portfolio), Michael Price (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) also closed their positions during the quarter.

About the author:

Samira Meskini
I am a self made long term investor, like to look for stocks to hold forever.

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