Billionaire hedge fund manager Paul Tudor Jones is pumping hundreds of millions of dollars into a media giant and two US banks.
New sik filings It appears that Tudor Investment Corporation has just announced the acquisition of 7.05 million shares of Warner Bros. stock. Discovery (WBD) at $193.7 million.
This investment comes as Warner Bros. For the acquisition by Paramount Skydance, after WBD shareholders approved the proposed $110 billion merger last month.
Jones’ hedge fund also took a position in Wells Fargo, where it bought 1.33 million shares worth $105.9 million, and in Capital One (COF), where it bought 543,608 shares worth $99.17 million.
Meanwhile, Tudor Investment exited several positions.
The hedge fund sold all of its remaining 51,897 shares in BlackRock (BLK) worth $55.5 million, and also exited its position in Goldman Sachs (GS), selling 65,000 shares worth $57.1 million.
Jones’ hedge fund also had a massive increase in several positions in the first quarter of the year, including adding 1.12 million shares of the State Street SPDR S&P 500 (SPY) worth $727.8 million, up from the previous 444,500 shares.
The hedge fund also increased its holdings in Webster Financial US Bank (WBS) to 3.08 million shares worth $213.8 million, up from 127,596 shares previously reported, and now has 584,718 shares in Tesla (TSLA) worth $217.4 million, up from 60,000 shares previously reported.
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