market folly

In a recent 13G filed with the SEC on October 17th, Tudor Investment Corp has disclosed its 0.4% ownership stake in Plains Exploration & Production (PXP). Tudor Investment Corp is a global macro set of hedge funds ran by Paul Tudor Jones. The 13G details changes held to the position that took place on October 9th. In this filing, they show a position of 410,843 shares of PXP. In their previous 13F filing (disclosing positions as of June 30th), they had held 7,680,918 shares. So, as you can see, they have sold off the vast majority of their PXP position. In that last filing, PXP was their top equity holding. But, as of now, it obviously is no longer. You can view all of Tudor's portfolio holdings here. And, if you want to hear some thoughts from Paul Tudor Jones himself, check out some of his interviews here and here. And, you can read about the performance of one of Tudor's funds here and numerous other hedge funds here.

Taken from Google Finance, Plains Exploration & Production (PXP) is "an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States."

You can view the 13G as filed with the SEC here.