Paul Tudor Jones is an American billionaire investor who founded Tudor Investment Corp in 1980.
Tudor Investment Corp follows the technique of discretionary macro trading and also focuses on a systematic investment approach. The firm pays attention to fluctuating market conditions and engages in relevant research and developmental processes to expand its performance. The main aim of the fund is to generate stable returns for shareholders through a wide range of investment techniques.
In his interview with CNBC recorded in May, Jones expressed his concerns about the current economic landscape. He said that with inflation reaching its 40-year high, investors should focus on preserving their capital instead of owning bonds and stocks. He further said that investors should follow the ongoing safe trends to generate maximum returns in these challenging times.
Given the potential for an economic slowdown, stocks could decline or remain volatile. Nevertheless, there is also opportunity for investors who invest in the right quality stocks.
As of the close of Q2 2022, Tudor Investment Corp’s 13F portfolio had a value of over $3.8 billion, down from $4.27 billion in the previous quarter. The hedge fund invested in several industries, with finance and services sectors making up the major portion of its portfolio. Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOG), and Meta Platforms, Inc. (NASDAQ:META) were some of the company’s major holdings in Q2, however, we will focus on dividend stocks to buy according to Paul Tudor Jones.
Our Methodology:
We took the stocks with the 10 highest dividend yields as of September 8 in Paul Tudor Jones’ Tudor Investment Corp Q2 2022 top 40 positions according to 13F filings and we ranked them based on the number of hedge funds in our database that held the same stocks in the quarter.
10 Dividend Stocks to Buy According to Billionaire Paul Tudor Jones’ Tudor Investment Corp
10. ONE Gas, Inc. (NYSE:OGS)
Number of Hedge Fund Holders: 18
Dividend Yield as of September 8: 3.10%
ONE Gas, Inc. (NYSE:OGS) is an Oklahoma-based public utility company that provides natural gas distribution services to its millions of customers in the state. Tudor Investments resumed its position in the company during the third quarter of 2021, after selling its $408,000 worth of OGS stake in Q4 2020. In Q2 2022, the hedge fund owned 136,006 shares in the company and boosted its position by 40%. The fund’s total stake in the company amounted to over $11 million, which represented 0.28% of its 13F portfolio.
ONE Gas, Inc. (NYSE:OGS) currently pays a quarterly dividend of $0.62 per share and has a yield of 3.10%, as recorded on September 8. The company is a prominent dividend stock in billionaire Paul Tudor Jones’ portfolio as it maintains a 7-year track record of consistent dividend growth.
At the end of Q2 2022, 18 hedge funds tracked by Insider Monkey owned stakes in ONE Gas, Inc. (NYSE:OGS), up from 17 in the previous quarter. The collective value of these stakes is over $100.3 million. With $37.8 million worth of stakes, Millennium Management was the company’s leading stakeholder in Q2.
Alongside CME Group Inc. (NASDAQ:CME), The Procter & Gamble Company (NYSE:PG), and Comcast Corporation (NASDAQ:CMCSA), ONE Gas, Inc. (NYSE:OGS) is one of the dividend holdings of billionaire Paul Tudor Jones’ Tudor Investment Corp 13F portfolio at the end of Q2 2022.
9. Entergy Corporation (NYSE:ETR)
Number of Hedge Fund Holders: 30
Dividend Yield as of September 8: 3.41%
Entergy Corporation (NYSE:ETR) is an American nuclear electric power generation company that specializes in production and retail distribution operations in the country. In June, Mizuho maintained its Buy rating on the stock with a $123 price target, as the company provides long-term investment opportunities due to the current energy crisis.
In Q2 2022, Tudor Investment Corp purchased additional ETR shares worth over $5 million, boosting its position in the company by 123%. The hedge fund’s total ETR stake amounted to over $10.3 million in Q2, which represented 0.27% of its 13F portfolio. Billionaire Paul Tudor Jones has been investing in the company since the fourth quarter of 2010.
Entergy Corporation (NYSE:ETR) has been paying uninterrupted dividends on its common stock since 1998 and has raised its payouts consistently for the past 7 years. It currently pays a $1.01 per share dividend every quarter, with a dividend yield of 3.41%, as recorded on September 8.
As of the close of Q2 2022, 30 hedge funds tracked by Insider Monkey owned stakes in Entergy Corporation (NYSE:ETR), compared with 29 in the previous quarter. These stakes hold a collective value of roughly $219 million.
8. Garmin Ltd. (NYSE:GRMN)
Number of Hedge Fund Holders: 30
Dividend Yield as of September 8: 3.25%
Garmin Ltd. (NYSE:GRMN) is a Kansas-based multinational tech company that delivers innovative GPS technology across diverse markets. The company was a part of 30 hedge fund portfolios in Q2 2022, the same as in the previous quarter, according to Insider Monkey’s data. The stakes owned by these hedge funds hold a collective value of over $385 million. Citadel Investment Group owned the largest stake in the company in Q2, worth over $54.6 million.
During Q2 2022, Paul Tudor Jones raised its position in Garmin Ltd. (NYSE:GRMN) by 130%, purchasing additional shares worth nearly $12 million. His total stake in the company stood at over $25 million in Q2, which accounted for 0.65% of his portfolio. The billionaire has been investing in the company since 2010.
On June 13, Garmin Ltd. (NYSE:GRMN) declared a 9% hike in its quarterly dividend to $0.73 per share. The company has been making dividend payments consistently for over 15 years. As of September 8, the stock’s dividend yield came in at 3.25%.
In August, Tigress Financial reiterated its Strong Buy rating on Garmin Ltd. (NYSE:GRMN) with a $165 price target. The firm called the stock a major buying opportunity and appreciated its dividend yield.
7. The Travelers Companies, Inc. (NYSE:TRV)
Number of Hedge Fund Holders: 31
Dividend Yield as of September 8: 2.26%
The Travelers Companies, Inc. (NYSE:TRV) is another prominent dividend stock in billionaire Paul Tudor Jones’ portfolio. The New York-based company provides insurance services to its consumers. It holds a strong dividend history, as the company has been making uninterrupted dividend payments for the past 33 years. In addition to this, the company has raised its payouts for 16 years in a row. In the last 12 years, its annual dividend has more than doubled, reaching $3.72 per share in 2022, from $1.59 per share in 2011. The Travelers Companies, Inc. (NYSE:TRV) pays a quarterly dividend of $0.93 per share and has a dividend yield of 2.26%, as recorded on September 8.
In Q2 2022, the hedge fund increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 196%, which takes its total stake to $11.4 million. The company made up 0.3% of billionaire Jones’ portfolio.
In July, Raymond James upgraded The Travelers Companies, Inc. (NYSE:TRV) to Strong Buy with a $185 price target, as the firm highlighted the company’s outperformance year-to-date. In addition to this, the firm also highlighted the improvements in the company’s Business Insurance segment.
At the end of June 2022, 31 hedge funds in Insider Monkey’s database owned investments in The Travelers Companies, Inc. (NYSE:TRV), down from 37 in the previous quarter. These stakes hold a collective value of over $433.8 million, compared with $631.7 million worth of stakes owned by hedge funds in the preceding quarter.
6. Stanley Black & Decker, Inc. (NYSE:SWK)
Number of Hedge Fund Holders: 32
Dividend Yield as of September 8: 3.63%
Stanley Black & Decker, Inc. (NYSE:SWK) manufactures industrial tools and household hardware products. The company is also one of the leading providers of security products in the US. Tudor Investments sold off its SWK stake worth over $1.3 million during the first quarter of 2020 and reinitiated its position in the company during Q2 2021. Currently, the hedge fund owned stakes worth over $15 million in the company, after boosting its position by 89% during the quarter. The company represented 0.39% of billionaire Jones’ portfolio.
Stanley Black & Decker, Inc. (NYSE:SWK) holds one of the strongest dividend growth track records in the S&P 500, as the company has increased its payouts every year since 1968. In addition to this, the company has paid dividends to shareholders for 146 years in a row. It currently offers a quarterly dividend of $0.80 per share, with a dividend yield of 3.63%, as of September 8.
In August, Morgan Stanley maintained its Overweight rating on Stanley Black & Decker, Inc. (NYSE:SWK), with a $110 price target. The firm expects the company to generate stable earnings as the demand for its products is increasing post-pandemic.
At the end of Q2 2022, 32 hedge funds tracked by Insider Monkey had investments in Stanley Black & Decker, Inc. (NYSE:SWK), worth nearly $497 million. Greenhaven Associates was the company’s leading stakeholder in Q2, owning stakes worth over $138.5 million.
Stanley Black & Decker, Inc. (NYSE:SWK) is one of the most prominent holdings of Tudor Investments, just like CME Group Inc. (NASDAQ:CME), The Procter & Gamble Company (NYSE:PG), and Comcast Corporation (NASDAQ:CMCSA).
5. Lamar Advertising Company (NASDAQ:LAMR)
Number of Hedge Fund Holders: 37
Dividend Yield as of September 8: 4.95%
Lamar Advertising Company (NASDAQ:LAMR) is a Louisiana-based advertising company that mainly specializes in billboards, logo signs, and displays. On September 6, the company declared a quarterly dividend of $1.20 per share, consistent with its previous dividend. The stock’s dividend yield stood at 4.95% on September 8.
Lamar Advertising Company (NASDAQ:LAMR) has been a part of Tudor Investments’ portfolio since the fourth quarter of 2014 when the hedge fund invested $403,000 in the company. During Q2 2022, the hedge fund raised its position in the company by 36%, taking its total LAMR stake to over $10.8 million. The company made up 0.28% of billionaire Paul Tudor Jones’ portfolio.
In July, Citigroup upgraded Lamar Advertising Company (NASDAQ:LAMR) to Buy, with a $108 price target. However, the firm expressed concerns regarding the outlook of the advertisement sector in the current market environment.
The number of hedge funds tracked by Insider Monkey owning stakes in Lamar Advertising Company (NASDAQ:LAMR) jumped to 37 in Q2 2022 from 28 in Q1 2022, ranking it #5 on our list of 10 dividend stocks to buy according to billionaire Paul Tudor Jones’ Tudor Investment Corp. Among these hedge funds, Select Equity Group was the company’s leading stakeholder in Q2.
4. FirstEnergy Corp. (NYSE:FE)
Number of Hedge Fund Holders: 42
Dividend Yield as of September 8: 3.80%
FirstEnergy Corp. (NYSE:FE) is an American electric services company that specializes in the distribution and generation of electricity. In July, Barclays raised its price targets on North America’s power and utility sector, and in this view, it reiterated an Equal Weight rating on FE.
Tudor Investments initiated its position in FirstEnergy Corp. (NYSE:FE) during the fourth quarter of 2010 with shares worth $503,000. During Q2 2022, the hedge fund purchased additional stakes worth over $10 million in the company, increasing its position by 462%. The fund’s total FE stake amounted to roughly $13 million in Q2, which represented 0.33% of its 13F portfolio.
On July 19, FirstEnergy Corp. (NYSE:FE) declared a quarterly dividend of $0.39 per share, in line with its previous dividend. The company has not raised its payouts since 2019 in recognition of the pandemic but has maintained its distribution during these years. The current dividend yield for the stock, as of September 8, is 3.80%.
FirstEnergy Corp. (NYSE:FE) was a popular buy among hedge funds in Q2 2022 according to Insider Monkey’s data. 42 hedge funds owned stakes in the company in Q2, growing from 33 in the previous quarter. The stakes owned by these hedge funds hold a collective value of over $1.78 billion.
ClearBridge Investments mentioned FirstEnergy Corp. (NYSE:FE) in its Q4 2021 investor letter. Here is what the firm has to say:
“On a regional level, the Strategy’s largest exposure is in the U.S. and Canada (44%), consisting of regulated and contracted utilities (31%) and economically sensitive user-pays infrastructure (13%). During the quarter we initiated new positions in U.S. electric utility FirstEnergy. With supply chain issues, higher housing costs, higher commodity prices and producer price inflation remaining square in the sights for 2022, we think higher inflation is a risk for global markets. We expect growth to slow to trend or below by mid-2022 and U.S.”
3. CME Group Inc. (NASDAQ:CME)
Number of Hedge Fund Holders: 56
Dividend Yield as of September 8: 1.98%
Another prominent dividend stock in billionaire Paul Tudor Jones’ portfolio is CME Group Inc. (NASDAQ:CME), which is an American financial services company. The company has been a part of Tudor Investments since 2010 when the hedge fund initiated its position with stakes worth over $2.6 million. In Q2 2022, the fund owned 60,222 CME shares, worth over $12.3 million. The company made up 0.32% of the firm’s 13F portfolio.
CME Group Inc. (NASDAQ:CME) has been raising its dividends consistently for the past 12 years. In the past five years, it raised its dividends at a CAGR of 8.61%. The company currently pays a quarterly dividend of $1.00 per share and has a yield of 1.98%, as recorded on September 8.
In September, Credit Suisse maintained a Neutral rating on CME Group Inc. (NASDAQ:CME) with a $210 price target, highlighting the company’s volumes in this inflationary period.
As of the close of Q2 2022, 56 hedge funds tracked by Insider Monkey reported owning stakes in CME Group Inc. (NASDAQ:CME), down from 58 in the previous quarter. These stakes are collectively valued at over $2.74 billion, compared with $2.9 billion worth of stakes owned by hedge funds in the preceding quarter.
ClearBridge Investments mentioned CME Group Inc. (NASDAQ:CME) in its Q4 2021 investor letter. Here is what the firm has to say:
“CME Group, for example, maintains a dominant franchise in electronic commodities and options trading with high incremental margins. Its interest rate trading business had been depressed coming out of the recession, but with a tightening policy environment, it now provides upside optionality that augments robust free cash flow growth and capital return. Willscot Mobile Mini is another compounder that executed well through the pandemic but was not initially recognized for the synergies of its Mobile Mini acquisition. The deal has reduced costs and created greater operating leverage as the company rides the tailwinds of improving industrial production and construction.”
2. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 71
Dividend Yield as of September 8: 2.65%
The Procter & Gamble Company (NYSE:PG) is an Ohio-based multinational company that specializes in consumer products. In August, Barclays maintained its Overweight rating on the stock with a $154 price target, appreciating the company’s recent quarterly earnings. The firm also appreciated the company’s business model in this current market cycle.
The Procter & Gamble Company (NYSE:PG) was one of the latest holdings of Tudor Investments. The hedge fund opened its position in the company with 81,324 shares, worth nearly $11.7 million. The company represented 0.3% of billionaire Paul Tudor Jones’ portfolio in Q2.
The Procter & Gamble Company (NYSE:PG) holds one of the longest dividend-paying histories in the US stock market. The company has been making consecutive dividend payments for the past 132 years while maintaining a 66-year track record of dividend growth. It currently pays a quarterly dividend of $0.9133 per share, with a dividend yield of 2.65%, as of September 8.
At the end of June 2022, 71 hedge funds tracked by Insider Monkey owned stakes in The Procter & Gamble Company (NYSE:PG), worth over $5.5 billion. In comparison, 72 hedge funds had investments in the consumer goods company in the previous quarter, with a total value of over $6 billion.
1. Comcast Corporation (NASDAQ:CMCSA)
Number of Hedge Fund Holders: 75
Dividend Yield as of September 8: 3.14%
Comcast Corporation (NASDAQ:CMCSA) is an American telecommunications company that provides cable and wireless services to its consumers. The company currently pays a quarterly dividend of $0.27 per share, with a dividend yield of 3.14%, as of September 8. It is one of the best dividend stocks in billionaire Paul Tudor Jones’ portfolio as it maintains a 14-year streak of dividend growth.
During Q2 2022, Tudor Investments raised its position in Comcast Corporation (NASDAQ:CMCSA) by 23%. The fund’s total stake in the company stood at over $17.4 million, which accounted for 0.45% of its 13F portfolio. CMCSA is one of the oldest holdings of Tudor Investments, as the hedge fund started its position in the company in Q4 2010.
In August, Barclays maintained its Equal Weight rating on Comcast Corporation (NASDAQ:CMCSA) with a $42 price target as the firm started coverage of cable companies.
At the end of Q2 2022, 75 hedge funds tracked by Insider Monkey owned stakes in Comcast Corporation (NASDAQ:CMCSA), compared with 78 in the previous quarter. These stakes hold a collective value of nearly $5.4 billion. Anand Desai, Ric Dillon, and Ken Griffin were some of the company’s most prominent stakeholders in Q2.
With 75 hedge funds in our database holding shares at the end of Q2 2022, Comcast Corporation (NASDAQ:CMCSA) is ranked #1 on our list of 10 dividend stocks to buy according to billionaire Paul Tudor Jones’ Tudor Investment Corp.
You can also take a look at 10 High Dividend Stocks to Shore Up Your Cash Position Before Recession Begins and 10 Safe Dividend Stocks to Buy Before 2023
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Disclosure: None. 10 Dividend Stocks to Buy According to Billionaire Paul Tudor Jones’ Tudor Investment Corp is originally published on Insider Monkey.
