Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into one giant media company and two US banks.
New SEC filings show that the Tudor Investment Corporation has just reported acquiring 7.05 million shares of Warner Bros. Discovery (WBD) worth $193.7 million.
The investment comes as Warner Bros. is undergoing the process of being acquired by Paramount Skydance, after WBD’s shareholders approved the proposed $110 billion merger last month.
Jones’ hedge fund also took a position in Wells Fargo, buying 1.33 million shares worth $105.9 million, and in Capital One (COF), buying 543,608 shares worth $99.17 million.
Meanwhile, Tudor Investment exited from several positions.
The hedge fund sold off all of its remaining 51,897 shares in BlackRock (BLK) that were worth $55.5 million, and it also exited its position in Goldman Sachs (GS), selling 65,000 shares worth $57.1 million.
Jones’ hedge fund also made a massive increase in several positions in the first quarter of the year, including adding 1.12 million shares of State Street SPDR S&P 500 (SPY) worth $727.8 million, up from the previous 444,500 shares.
The hedge fund also increased its holdings in the US bank Webster Financial (WBS) to 3.08 million shares worth $213.8 million, up from the previously reported 127,596 shares, and it now has 584,718 shares in Tesla (TSLA) worth $217.4 million, up from the prior reported 60,000 shares.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Generated Image: Midjourney