Paul Tudor Jones’ Tudor Investment Corp revealed its top picks for the fourth quarter in its last 13F filing with the U.S. Securities and Exchange Commission. Excluding its ETF holdings, the hedge fund’s largest position was in Workday Inc (NYSE:WDAY), with a total of 403,500 shares. The investment firm’s top picks also included Facebook Inc (NASDAQ:FB), JD.Com Inc (ADR) (NASDAQ:JD), Tyson Foods, Inc. (NYSE:TSN), and Lennox International Inc. (NYSE:LII).
Tudor Investment Corp was founded in 1980 by Paul Tudor Jones, one of the most successful Wall Street traders of the twentieth century. The billionaire hedge fund manager started out as a traditional macro trader, betting on changes in interest rates and currencies, and focusing on short-term trades. Although the fund has met some troubles as of late, Tudor Investment has been delivering annual returns of approximately 19% since it began operating more than 30 years ago. The hedge fund recently disclosed an equity portfolio valued at around $2.87 billion, up from $2.77 billion last quarter.
Tudor Investment Group’s top pick last quarter was Workday Inc (NYSE:WDAY), a holding accounting for 1.15% of the fund’s equity portfolio. Although Mr. Jones’ firm slightly trimmed its stake in the company, it remains bullish regarding the provider of cloud applications. Since the hedge fund entered a position in the company in the fourth quarter of 2012, until the end of 2014, the stock gained around 52%, while shares are already up by approximately 8% year-to-date. Furthermore, Workday Inc (NYSE:WDAY) is also backed by Christopher Lord’s Criterion Capital, which holds a stake of 2.47 million shares in the company.
With a stake of 360,400 shares, Facebook Inc (NASDAQ:FB) was the second largest position in Tudor Investment Group’s equity portfolio. The stock has generated healthy returns for the hedge fund, as it gained more than 40% last year alone. Furthermore, as shares have continued to climb since the beginning of 2015, Paul Tudor Jones has reason to remain bullish. Steve Cohen also held Facebook Inc (NASDAQ:FB) amongst its top picks last quarter, disclosing a position of 2.35 million shares. Other major institutional investors betting on the company include Ken Griffin’s Citadel Investment Group, Stephen Mandel’s Lone Pine Capital, and Israel Englander’s Millenium Management.