Paul Tudor Jones latest portfolio adjustments could provide investors with some beneficial insights.
Paul Tudor Jones the founder and chief investment officer of Tudor Investment Corporation
has a reputation for a strategic approach combining discretionary macro trading and systematic investment techniques.
Investment Group’s recent Q1 13F filing confirms a reduction in NVIDIA amidst strategic shifts.
“The chatter that the AI Mania bubble is next to pop is growing louder,” was noted in a piece entitled AI Mania Bubble, posted in July.
“The chatter that the AI Mania bubble is next to pop is growing louder”
WEALTH TRAINING COMPANY
Investors are growing impatient to see real-life applications of AI translating into profits. The fact that fast food giant McDonald’s will be terminating its two-year-old test of drive-thru, automated order taking (AOT) that it conducted with IBM, this month is an AI reality check.
The days when a company would add AI to its website and catch the algorithm’s attention, triggering a 10% pop in its share price, could be long gone. Today, it is a case of AI, fine, but where are the profits?
There is a sense of deja vu, as more than four decades ago, in the early 80s, futurists were talking about autonomous vehicles dominating the roads by the millennium.
How many autonomous vehicles are currently circulating in 2024?
“How many autonomous vehicles are currently circulating in 2024?”
WEALTH TRAINING COMPANY
The takeaway from Paul Tudor Jones latest portfolio adjustments is a sizable reduction in NVIDIA Corp (NASDAQ: NVDA), the AI darling
The stock has had a Stellar performance over the years up multiple times.
But NVIDIA stock was the most sizable cut in Paul Tudor Jones’s stockholding in Q1 with a reduction of 103,337 shares, a 78.27% decrease, impacting the portfolio by -0.41%. Thestock had an average trading price of $724.8 during the quarter.
The recent price drop in NVIDIA could be more than profit taking and a correction, particularly if investors don’t see all the jumped-up talk of AI converted into returns.
“PTJ is bullish on treasury bonds, medicines and vaccinations and bearish on AI mania” – Wealth Training Company
Aon PLC (NYSE: AON) stock was another sizable reduction to Paul Tudor Jones latest portfolio adjustments
Aon PLC is a British-American professional services and management consulting firm.
New stock buys in Paul Tudor Jones latest portfolio adjustments
Paul Tudor Jones strategically expanded his portfolio by adding 470 stocks.
These new additions, according to Investment Group’s recent Q1 13F filing, included the following;
- Micron Technology Inc (NASDAQ: MU), purchasing 523,466 shares, which now comprise 0.39% of the portfolio, valued at $61.71 million.
- PayPal Holdings Inc (NASDAQ: PYPL), with 888,239 shares, making up about 0.38% of the portfolio, valued at $59.50 million.
- Tricon Residential Inc (NYSE: TCN), adding 5,001,114 shares, accounting for 0.35% of the portfolio, valued at $55.76 million.
The significant increases in existing positions revealed in Paul Tudor Jones latest portfolio adjustments included;
- Zoetis Inc (NYSE: ZTS) saw an addition of 337,594 shares, a staggering 1,594.83% increase, bringing the total to 358,762 shares valued at $60.71 million.
- iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) increased by 587,640 shares, a 4,736.74% rise, totalling 600,046 shares valued at $56.78 million.
Here is the takeaway from Paul Tudor Jones latest portfolio adjustments. PTJ is bullish on treasury bonds, medicines and vaccinations and bearish on AI mania.
