Billionaire hedge fund manager Paul Tudor Jones is investing hundreds of millions of dollars in one giant media company and two American banks.
New SEC files show that the Tudor Investment Corporation just reported that it has acquired 7.05 million shares of Warner Bros. Discovery (WBD) has acquired a value of $193.7 million.
The investment comes as Warner Bros. is going through the takeover process by Paramount Skydance after WBD shareholders approved the proposed $110 billion merger last month.
Jones’ hedge fund also took a position in Wells Fargo, buying 1.33 million shares worth $105.9 million, and in Capital One (COF), buying 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 made huge gains in several positions in the first quarter of the year, including adding 1.12 million shares of 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 US bank Webster Financial (WBS) to 3.08 million shares worth $213.8 million, up from the previously reported 127,596 shares, and now holds 584,718 shares in Tesla (TSLA) worth $217.4 million, up from the previously reported 60,000 shares.
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