Apple Inc. (AAPL), Workday Inc (WDAY), Mallinckrodt PLC (MNK): Paul Tudor Jones’ Top Stock Picks for Q2

Paul Tudor Jones’ Tudor Investment Corp is amongst hedge funds obliged to disclose its equity once per quarter. The fund declared, as of June 30, an equity portfolio worth more than $2.6 billion, following the purchase of 337 new stocks, the closing of 367 positions and increases in 393 of its preexisting holdings. In this article, we will briefly analyze Tudor’s top 3 stock picks –excluding options and ETFs, in order to elucidate if any of them deserve further research. The companies implied are: Apple Inc. (NASDAQ:AAPL), Workday Inc (NYSE:WDAY), and Mallinckrodt PLC (NYSE:MNK).

Tudor’s largest bet for the second quarter was placed on SPDR S&P 500 ETF Trust (NYSEARCA:SPY), of which it owns more than half a billion dollars in stock. Second in line is Apple Inc. (NASDAQ:AAPL). The fund started a position, with 1.31 million shares, in the $611 billion market cap consumer electronics designer and manufacturer. This stake, worth roughly $122 million, accounts for 4.6% of the fund’s equity portfolio.

TUDOR INVESTMENT CORP

Carl Icahn of Icahn Capital LP is the largest hedge fund shareholder in Apple Inc. (NASDAQ:AAPL) – amongst those we track, with 52.76 million shares, worth almost $5 billion. D.E. Shaw is the second-runner-up, with 11.88 million shares, worth about $1.1 billion.

Workday Inc (NYSE:WDAY) is a $15.8 billion market cap provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement and employee expense management.  This company used to lead Tudor’s list for the first quarter but, following a 24% decrease in its stake, it now ranks second. The fund owns 448,250 shares of the company, worth more than $40 million.

Several other major hedge fund hold considerably larger stakes in Workday Inc (NYSE:WDAY). The largest hedge fund shareholder of record, Stephen Mandel’s Lone Pine Capital disclosed ownership of 3.51 million shares of the company, after boosting its exposure by 18% over the second quarter of 2014. Alan Fournier’s Pennant Capital Management also upped its bet on the company by 14% over the period, and now owns 2.54 million shares, worth more than $229 million.

Mallinckrodt PLC (NYSE:MNK) is last in this list. This mid-cap global specialty pharmaceuticals company also saw Tudor trim its stake over the second quarter of the year. The fund declared holding 308,900 shares of the company, worth approximately $25 million.

On the opposite side, John Paulson’s Paulson & Co. last disclosed a 20% increase in its position in Mallinckrodt PLC (NYSE:MNK). This fund owns 6.72 million shares of the company, worth more than half a billion dollars, which account for more than 2.3% of its total equity portfolio.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!