Paul Tudor Jones' Hedge Fund Adds Stake In Lumber Liquidators, Sells Off Verizon During First Quarter
Tudor Investment Corp., the hedge fund founded by famed investor Paul Tudor Jones, took advantage of a 53% tumble in Lumber Liquidators Holdings Inc.'s stock during the first quarter to add a new 18,090-share stake in the troubled wood-flooring company, according to the latest regulatory filing. Among other moves, Tudor also added new stakes in Angie's List , Oracle Corp. , Zulily Inc. and Zynga Inc. . Among Tudor's sales during the quarter, were his entire holdings of McDonald's , Fresh Market Inc. , AT&T Corp. and Sprint Corp. . Tudor also slashed its stake in Facebook Inc. to 51,192 shares as of March 31 from 360,398 shares as of Dec. 31. The fund also cut its share stakes in Apple Inc. by 46% to 5,800 shares. Separtely, Tudor nearl tripled its share stake in AOL Inc. to 34,697 shares, while selling off its entire 55,187-share stake in Verizon Communications , as of March 31...and AOL agreed to be acquired by Verizon on May 12.
Copyright © 2015 MarketWatch, Inc.