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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!