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.”
4. Gates Industrial Corporation PLC (NYSE:GTES)
Paul Tudor Jones’ Stake: $5,613,908
Paul Tudor Jones via Tudor Investment Corporation had a $5.6 million stake in Gates Industrial Corporation PLC (NYSE:GTES) as of the end of the fourth quarter of 2023. On February 16, Neil Simpkins, a director at Gates Industrial Corporation PLC’s (NYSE:GTES) board, snapped up one million shares of Gates Industrial Corporation PLC (NYSE:GTES) at $12.20 per share. Since then, through March 13, the stock has gained about 30% in value.
As of the end of the fourth quarter of 2023, 38 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Gates Industrial Corporation PLC (NYSE:GTES), up from 31 hedge funds in the previous quarter.
3. Coty Inc. (NYSE:COTY)
Paul Tudor Jones’ Stake: $9,923,878
Fragrances and cosmetics products company Coty Inc. (NYSE:COTY) ranks third in our list of the stocks Paul Tudor Jones and insiders are buying. Isabelle Parize, a board member at Coty, on October 9, 2023, bought 4,775 shares of the company at $10.50 per share. Since then the stock has increased by 17%.
2. Warner Bros Discovery Inc (NASDAQ:WBD)
Paul Tudor Jones’ Stake: $12,998,634
Paul Tudor Jones has a $13 million stake in Warner Bros Discovery Inc (NASDAQ:WBD) as of the end of 2023. Gerhard Zeiler, who serves as President of International for Warner Bros Discovery Inc (NASDAQ:WBD), on August 7 bought 38,000 shares of Warner Bros Discovery Inc (NASDAQ:WBD) at $14.09 per share. Since then the stock has lost about 38% in value. Steven O Newhouse, a director at Warner Bros Discovery Inc (NASDAQ:WBD) board, bought 10 million shares of Warner Bros Discovery Inc (NASDAQ:WBD) on December 14 at 12.49 per share. The stock is down by about 29% since then through March 14.
Longleaf Partners Fund stated the following regarding Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its fourth quarter 2023 investor letter:
“The rules have improved how we analyze existing holdings and influenced the price at which we will buy a new holding and/or trim or add to an existing one. This has resulted in a higher level of resizing positions in the portfolio and exiting some long-term holdings this year. A good example in the portfolio today is Warner Bros. Discovery, Inc. (NASDAQ:WBD), a company that we bought too early but that remains a holding in the portfolio. Our average price for the initial WBD investment in 2021 was $26.48, or a P/V ratio in the mid-60s%. However, P/EV on the initial report was 79%. Under the new rules, we would not pay that price for the company today. We most likely would have waited for a mid-60s% P/EV, which would have equated to a $mid-teens entry price. In this case, we would have missed a too-large initial downturn in the stock price. The overweight rule dictated that we trimmed the position after the price ran up in the first half of 2023, which benefitted overall performance as the stock price subsequently fell again. However, even with the new rule lens, we remain confident in our case for the business and management’s ability to deliver going forward.”
1. Exxon Mobil Corp (NYSE:XOM)
Paul Tudor Jones’ Stake: $63,997,298
Oil giant Exxon Mobil Corp’s (NYSE:XOM) stock was a new arrival in Paul Tudor Jones’ portfolio during the fourth quarter as his hedge fund bought a stake worth about $64 million in Exxon Mobil Corp (NYSE:XOM). Exxon Mobil Corp (NYSE:XOM) also saw insider buying activity over the past few months. On July 31, 2023, Jeff Ubben, a director at Exxon Mobil Corp’s (NYSE:XOM) board, bought 458,000 Exxon Mobil Corp (NYSE:XOM) shares at $106.93 per share. Since then the stock has gained about 2.1%. On November 6 Ubben yet again started snapping up the stock, this time buying 250,000 XOM shares at $105.97 per share.
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