Tudor Cuts Staff, Upends Portfolio As Returns Dip and Redemptions Rise

Visa Inc (NYSE:V)

– Shares Owned by Tudor Investment Corporation (as of June 30): 526,018

– Value of Tudor Investment Corporation’s Holding (as of June 30): $39.01 million

Visa Inc (NYSE:V) was a new addition to Tudor Investment’s portfolio during the three-month period ended June 30, as it acquired 526,018 shares of the California-based payments technology company. Visa closed the acquisition of Visa Europe in its third quarter of fiscal year 2016, which required it taking on $16 billion in debt and realizing a $1.9 billion loss during the fiscal quarter. However, Visa was debt-free before the transaction, which significantly softens its blow. Visa Inc (NYSE:V) earned $0.69 per share during the quarter, better than analysts’ consensus estimate of $0.66, while revenue of $3.63 billion slightly missed the estimates of $3.65 billion. Ken Fisher’s Fisher Asset Management owns 14.82 million shares of the company as of the end of the second quarter.

Post Holdings Inc (NYSE:POST)

– Shares Owned by Tudor Investment Corporation (as of June 30): 381,562

– Value of Tudor Investment Corporation’s Holding (as of June 30): $31.55 million

Tudor Investment acquired 374,775 shares of Post Holdings Inc (NYSE:POST) during the second quarter, lifting the total worth of its stake to $31.55 million, which accounts for about 0.67% of the value of the hedge fund’s equity portfolio. The Missouri-based packaged goods company reported fiscal year 2016 third quarter EPS of $0.62 on $1.25 billion in revenue, versus the consensus estimates of $0.49 and $1.26 billion respectively. The company also reaffirmed its fiscal year 2016 adjusted EBITDA guidance of $915 million-to-$925 million. The stock is up by over 37% year-to-date. Jason Karp’s Tourbillon Capital Partners owns over 3.04 million shares of the company as of the end of June.

PrivateBancorp Inc (NASDAQ:PVTB)

– Shares Owned by Tudor Investment Corporation (as of June 30): 629,300

– Value of Tudor Investment Corporation’s Holding (as of June 30): $27.70 million

Tudor Investment bought 622,900 shares of commercial and private bank services company PrivateBancorp Inc (NASDAQ:PVTB) during the second quarter, ending the period with 629,300 shares of the company worth $27.70 million. In June, PrivateBancorp agreed to be acquired by Canadian Imperial Bank of Commerce for approximately $3.8 billion in cash and stock. PrivateBancorp’s CEO Larry Richman thinks that the bank will be in a good position to expand its relationships with existing clients and explore new client and business opportunities after the merger’s completion. Neil Chriss’ Hutchin Hill Capital owns over 1.81 million shares of PrivateBancorp Inc (NASDAQ:PVTB) as of June 30.

Disclosure: None