Paul Tudor Jones’s firm adds WBD shares, increases SPY exposure, and reduces QQQ in Q1 portfolio changes.
Tudor Investment, led by Paul Tudor Jones, disclosed a new position in Warner Bros. Discovery (WBD) during the first quarter. The hedge fund also exited its stake in industrial gas producer Linde (LIN) and increased its holdings in the State Street SPDR S&P 500 ETF (SPY).
The adjustments reflect a shift in the firm’s equity exposure, with a reduction in the Invesco QQQ Trust (QQQ) also noted. Tudor’s moves come amid broader market volatility and sector rotations observed in early 2024.
No immediate market reaction was specified following the disclosure of the portfolio changes.