Billionaire Paul Tudor Jones and Insiders Love These 5 Stocks

This article presents an overview of Billionaire Paul Tudor Jones and Insiders Love These 5 Stocks. For a detailed overview of such stocks, read our article, Billionaire Paul Tudor Jones and Insiders Love These 10 Stocks.

5. Block Inc (NYSE:SQ)

Paul Tudor Jones’ Stake: $5,104,327

Paul Tudor Jones’ fund had a $5.1 million stake in Block Inc (NYSE:SQ) as of the end of the fourth quarter of 2023. Roelof Botha, a director at Block Inc’s (NYSE:SQ) board, loaded up on 540,646 SQ shares at $50.89 per share on November 11. Since then through March 13 the stock has gained about a whopping 66%.

As of the end of the fourth quarter of 2023, 75 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Block Inc (NYSE:SQ). The biggest stakeholder of Block Inc (NYSE:SQ) was Catherine D. Wood’s ARK Investment Management which owns a $920 million stake in Block Inc (NYSE:SQ).

During this time period the stock has lost about 29% in value.

Baron Fifth Avenue Growth Fund stated the following regarding Block, Inc. (NYSE:SQ) in its fourth quarter 2023 investor letter:

“During the quarter, we also added to our existing investment in Block, Inc. (NYSE:SQ). The company provides a point-of-sale technology to small businesses and operates the Cash App ecosystem of financial services for individuals. After the company reported solid quarterly result, it has also guided to reach a rule of 40 on GAAP profitability for fiscal year 2026 (implying that the combination of gross profit growth and GAAP operating margins would be at least 40%). We believe Block’s businesses are resilient, and greater management focus on cost discipline should drive further margin expansion over the long term. We also believe that Block has a long runway for growth, durable competitive advantages, and a robust track record of innovation.”