Tudor Investment, the firm led by macro investor Paul Tudor Jones, liquidated its entire position in semiconductor test equipment company Teradyne Inc. (TER) during the second quarter of 2026. According to a quarterly 13F filing, which discloses positions as of June 30, 2026, the firm sold all 207.13K shares, an estimated trade value of $61.41 million. This disclosure is from a delayed regulatory filing and does not reflect trading activity on the day of the announcement.
The sale occurred during a period of strong performance for Teradyne, which reported a 104% year-over-year revenue increase for the second quarter, driven by high demand related to artificial intelligence. While Tudor has not publicly commented on the specific reason for the exit, Paul Tudor Jones has expressed broader concerns in 2026 about high market valuations and the potential for a significant market correction, even as he remains bullish on AI for the next couple of years.