TUDOR INVESTMENT CORP ET AL

Quant stat arb Low signal CIK 923093
League rank
#75
in Quant stat arb · #1875 overall
Long book
$18.58B
Q1 2026
Positions
1648
Top-10 weight
14%
concentration
Last quarter
+14.4%
SPY +14.8%
Turnover
52%
of book per quarter

Strategy in plain words

auto-generated from filings

TUDOR INVESTMENT CORP ET AL is a quantitative fund whose holdings reflect models, not opinions, running a $18.58B US long book across 1648 positions.

The portfolio is broadly diversified across 1648 positions (top 10 only 14%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ELECTRONIC ARTS INC, MICROSOFT CORP, TESLA INC, WEBSTER FINANCIAL CORP.

Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-1.7%
Q2 2024
+8.5%
Q3 2024
+1.3%
Q4 2024
-4.2%
Q1 2025
+11.1%
Q2 2025
+7.2%
Q3 2025
+0.2%
Q4 2025
-2.7%
Q1 2026
+14.4%

Sector allocation

Technology
23%
Financials
17%
Industrials
15%
Other
8%
Healthcare
7%
Consumer discretionary
7%
Services media
6%
Materials
5%

Long book by quarter

$8.17B
Q1 2024
$8.92B
Q2 2024
$9.11B
Q3 2024
$9.41B
Q4 2024
$11.21B
Q1 2025
$13.22B
Q2 2025
$14.91B
Q3 2025
$17.56B
Q4 2025
$18.58B
Q1 2026

What does TUDOR INVESTMENT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
EA ELECTRONIC ARTS INCTechnology1.4M$275.7M1.5%+52.3%
MSFT MICROSOFT CORPTechnology674.3K$249.6M1.3%-6.2%
TSLA TESLA INCIndustrials584.7K$217.4M1.2%+874.5%
WBS WEBSTER FINANCIAL CORPFinancials3.1M$213.8M1.2%+2313.7%
AAPL APPLE INCTechnology801.5K$203.4M1.1%+26.6%
WBD WARNER BROS DISCOVERY INCCommunications7.1M$193.7M1.0%New
KVUE KENVUE INCOther11.1M$191.9M1.0%+62.8%
AMZN AMAZON.COM INCConsumer discretionary892.1K$185.8M1.0%-42.9%
NSC NORFOLK SOUTHERN CORPIndustrials631.7K$181.3M1.0%+58.0%
SDA SEALED AIR CORPServices media4.3M$179.5M1.0%+2.0%
NVDA NVIDIA CORPTechnology984.6K$171.7M0.9%-53.8%
HO1 HOLOGIC INC2.2M$166.1M0.9%+36.5%
GOOGL ALPHABET INC-CL ATechnology563.5K$162.0M0.9%-26.2%
TECK TECK RESOURCES LTD-CLS BMaterials2.8M$147.4M0.8%New
JPM JPMORGAN CHASE & COFinancials488.3K$143.6M0.8%+62.5%
PEN PENUMBRA INCHealthcare411.1K$135.0M0.7%New
UNH UNITEDHEALTH GROUP INCFinancials486.4K$131.6M0.7%+39.8%
META META PLATFORMS INC-CLASS ATechnology212.0K$121.3M0.7%New
MU MICRON TECHNOLOGY INCTechnology355.5K$120.1M0.6%New
LLY ELI LILLY & COHealthcare124.7K$114.7M0.6%+166.6%
TJX TJX COMPANIES INCConsumer discretionary705.3K$112.6M0.6%+4185.9%
AMD ADVANCED MICRO DEVICESTechnology535.6K$109.0M0.6%+23.4%
LBRDK LIBERTY BROADBAND-CCommunications2.1M$107.4M0.6%+1.3%
WFC WELLS FARGO & COFinancials1.3M$105.9M0.6%New
COF CAPITAL ONE FINANCIAL CORPFinancials543.6K$99.2M0.5%New
AVGO BROADCOM INCTechnology311.8K$96.5M0.5%New
AMAT APPLIED MATERIALS INCTechnology262.4K$89.7M0.5%+310.0%
CMI CUMMINS INCIndustrials165.2K$88.9M0.5%New
DHR DANAHER CORPTechnology447.2K$84.8M0.5%New
BKNG BOOKING HOLDINGS INCIndustrials19.1K$80.5M0.4%+257.9%
PCG P G & E CORPUtilities4.5M$78.7M0.4%+575.5%
APH AMPHENOL CORP-CL ATechnology614.0K$77.6M0.4%New
PH PARKER HANNIFIN CORPIndustrials76.4K$68.4M0.4%New
CBRE CBRE GROUP INC - AReal estate500.1K$67.7M0.4%+634.8%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary708.7K$65.4M0.4%+128.0%
CVX CHEVRON CORPEnergy313.7K$64.9M0.3%-49.2%
TDG TRANSDIGM GROUP INCIndustrials55.9K$64.8M0.3%+2126.9%
TER TERADYNE INCTechnology207.1K$61.4M0.3%-9.7%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials126.9K$60.8M0.3%+153.5%
DIS WALT DISNEY CO/THEServices media627.8K$60.5M0.3%+874.4%
TEL TE CONNECTIVITY PLCConsumer discretionary286.6K$59.9M0.3%+63.4%
SPGI S&P GLOBAL INCServices media134.6K$57.3M0.3%+398.6%
ALLE ALLEGION PLCServices media393.8K$57.2M0.3%+96.9%
DOCU DOCUSIGN INCTechnology1.2M$55.8M0.3%+691.3%
WTRG ESSENTIAL UTILITIES INCUtilities1.4M$55.8M0.3%New
CNC CENTENE CORPFinancials1.7M$54.1M0.3%+278.4%
STT STATE STREET CORPFinancials426.1K$53.9M0.3%+17594.3%
ACLXGBX ARCELLX INC462.6K$53.1M0.3%+905.0%
HWM HOWMET AEROSPACE INCIndustrials225.8K$52.0M0.3%+80.8%
NEM NEWMONT CORPMaterials475.3K$51.5M0.3%+11.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20263515$53.87B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20263423$54.03B canonicalSEC ↗
Q3 202513F-HR/ARESTATEMENTDec 9, 20253285$57.98B canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSDec 9, 20256$21.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 20253318$58.94B SEC ↗
Q2 202513F-HRAug 14, 20253177$45.92B canonicalSEC ↗
Q1 202513F-HRMay 15, 20252975$30.10B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20252944$26.28B canonicalSEC ↗
Q3 202413F-HRNov 14, 20242639$27.48B canonicalSEC ↗
Q2 202413F-HRAug 14, 20242258$19.52B canonicalSEC ↗
Q1 202413F-HRMay 15, 20242143$15.72B canonicalSEC ↗