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Tudor Investment Corporation is a hedge fund management firm that was founded by billionaire Paul Tudor Jones II. The firm manages the Tudor series of hedge funds.

I discussed the Top 15 Buys of Tudor Investment Corporation in my previous article here. In addition to buys, it is also interesting to look at top companies where Tudor Investment Corporation is booking profit and selling its holdings. The following is a list of its top 15 sells in the last quarter, as released in its most recent 13F filing with the SEC.

Stock

Symbol

Shares Held - 12/31/2010

Shares Held - 03/31/2011

Citigroup Inc

C

3,944,400

0

AT&T Inc

T

532,800

0

Pfizer Inc

PFE

549,400

0

Barrick Gold Corporation

ABX

189,000

0

Huntington Bancshares Inc

HBAN

1,007,000

37,900

Starwood Property Trust Inc

STWD

150,000

0

Tesla Motors Inc

TSLA

118,300

0

General Growth Properties Inc

GGP

200,000

0

Lexington Realty Trust

LXP

259,740

0

Ashford Hospitality Trust Inc

AHT

207,000

0

First Potomac Realty Trust

FPO

125,000

0

Campus Crest Communities Inc Common Stock

CCG

160,000

0

INVESCO Mortgage Capital Inc

IVR

150,000

75,000

Geron Corporation

GERN

287,000

0

Xueda Education

XUE

145,740

0

Here are some of the specifics about these companies, including a brief description of their business, growth expectations (top line and bottom line) and valuation:

Citigroup

Tudor Investment Corporation sold all (3,944,400) shares of Citigroup last quarter. The share price of the company has decreased from $47.3 on 31 December 2010 to $44.2 on 31 March. (Note: Stock prices mentioned here are adjusted for recent 10:1 reverse stock split.)

Citigroup is a global diversified financial services holding company. Citigroup businesses provide consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2010, the company had approximately 200 million customer accounts and did business in more than 160 countries and jurisdictions. Citigroup’s EPS forecast for the current year is $4.2 and next year is $5.37. According to consensus estimates, its top line is expected to decline 7.20% in the current year and grow 5.80% next year. It is trading at a forward P/E of 7.63. Out of 24 analysts covering the company, 15 are positive and have buy ratings, six have hold ratings and three have sell ratings.

AT&T Inc.

Tudor Investment Corporation sold all (532,800) shares of AT&T last quarter. The share price of the company has increased from $29.38 on 31 December 2010 to $30.61 on 31 March.

AT&T is a holding company. The company is a provider of telecommunications services in the United States and worldwide. These include wireless communications, local exchange services, long-distance services, data/broadband and internet services, video services, managed networking, wholesale services and directory advertising and publishing. AT&T’s EPS forecast for the current year is $2.36 and next year is $2.54. According to consensus estimates, its top line is expected to grow 1.20% in the current year and 1.00% next year. It is trading at a forward P/E of 12.32. Out of 33 analysts covering the company, 17 are positive and have buy ratings and 16 have hold ratings.

Pfizer Inc.

Tudor Investment Corporation sold all (549,400) shares of Pfizer last quarter. The share price of the company has increased from $17.51 on 31 December 2010 to $20.31 on 31 March.

Pfizer is a research-based, global biopharmaceutical company. The company operates in two segments: Biopharmaceutical and Diversified. Pfizer’s EPS forecast for the current year is $2.24 and next year is $2.27 According to consensus estimates, its top line is expected to decline 1.90% in the current year and 5.80% next year. It is trading at a forward P/E of 9.22. Out of 24 analysts covering the company, 19 are positive and have buy ratings and five have hold ratings.

Barrick Gold Corporation

Tudor Investment Corporation sold all (189,000) shares of Barrick Gold Corporation last quarter. The share price of the company has decreased from $53.18 on 31 December 2010 to $51.91 on 31 March.

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. It also produces copper, and hold interests in oil and gas properties located in Canada through its oil and gas subsidiary, Barrick Energy. Its producing mines are concentrated in three regional business units: North America, South America and Australia Pacific. Barrick’s EPS forecast for the current year is $4.32 and next year is $4.73. According to consensus estimates, its top line is expected to grow 17.50% in the current year and 9.00% next year. It is trading at a forward P/E of 10.02. Out of 21 analysts covering the company, 18 are positive and have buy ratings and three have hold ratings.

Huntington Bancshares

Tudor Investment Corporation sold 969,100 shares of Huntington Bancshares last quarter and now holds a total of 37,900 shares. This position is 0.03% of its portfolio. The share price of the company has decreased from $6.87 on 31 December 2010 to $6.64 on 31 March.

Huntington Bancshares is a bank holding company. The company provides full-service commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services. Huntington’s EPS forecast for the current year is $0.59 and next year is $0.68. According to consensus estimates, its top line is expected to decline 1.30% in the current year and grow 4.90% next year. It is trading at a forward P/E of 9.44. Out of 24 analysts covering the company, 14 are positive and have buy ratings, eight have hold ratings and two have sell ratings.

Starwood Property Trust Inc.

Tudor Investment Corporation sold all (150,000) shares of Starwood Property Trust last quarter. The share price of the company has increased from $21.48 on 31 December 2010 to $22.3 on 31 March.

Starwood Property Trust is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate debt investments, commercial mortgage-backed securities and other commercial real estate-related debt investments. Out of six analysts covering the company, five are positive and have buy ratings and one has a hold rating.

Tesla Motors Inc.

Tudor Investment Corporation sold all (118,300) shares of Tesla last quarter. The share price of the company has increased from $26.63 on 31 December 2010 to $27.75 on 31 March.

Tesla, incorporated in 2003, designs, develops, manufactures and sells fully electric vehicles and electric vehicle power train components. The company commercially produces an electric vehicle, the Tesla Roadster. The Tesla Roadster has a battery pack capable of storing approximately 53 kilowatt-hours of usable energy. Tesla’s EPS forecast for the current year is $-2.03 and next year is $-1.5. According to consensus estimates, its top line is expected to grow 59.70% in the current year and 221.90% next year. Out of seven analysts covering the company, four are positive and have buy ratings, two have hold ratings and one has a sell rating.

General Growth Properties Inc.

Tudor Investment Corporation sold all (200,000) shares of General Growth Properties last quarter. The share price of the company has remained flat at $15.48 on 31 December 2010 and 31 March.

General Growth Properties is a self-managed real estate investment trust. The company has ownership interest in, or management responsibility for, over 200 regional shopping malls in 43 states, as well as ownership in master planned communities and commercial office buildings. GGP’s business is focused in two main areas: Retail and Other. General’s EPS forecast for the current year is $0.97 and next year is $1.02. According to consensus estimates, its top line is expected to decline 6.30% in the current year and grow 2.10% next year. It is trading at a forward P/E of 15.98. Out of 12 analysts covering the company, five are positive and have buy ratings, six have hold ratings and one has a sell rating.

Lexington Realty Trust

Tudor Investment Corporation sold all (259,740) shares of Lexington Realty Trust last quarter. The share price of the company has increased from $7.95 on 31 December 2010 to $9.35 on 31 March.

Lexington Realty Trust is a self-managed and self-administered real estate investment trust. The company’s primary business is the acquisition, ownership and management of a geographically diverse portfolio of net-leased office, industrial and retail properties. Lexington’s EPS forecast for the current year is $0.92 and next year is $0.92. According to consensus estimates, its top line is expected to decline 3.00% in the current year and grow 2.7% next year. It is trading at a forward P/E of 10.25. Out of seven analysts covering the company, five are positive and have buy ratings and two have hold ratings.

Ashford Hospitality Trust Inc.

Tudor Investment Corporation sold all (207,000) shares of Ashford Hospitality Trust last quarter. The share price of the company has increased from $9.65 on 31 December 2010 to $11.02 on 31 March.

Ashford Hospitality Trust is a self-advised real estate investment trust. The company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Ashford OP General Partner LLC, a wholly owned subsidiary of the company, serves as the sole general partner of the operating partnership. Ashford’s EPS forecast for the current year is $2.09 and next year is $2.31. According to consensus estimates, its top line is expected to grow 8.30% in the current year and 7.30% next year. It is trading at a forward P/E of 6.00. Out of seven analysts covering the company, three are positive and have buy ratings and four have hold ratings.

First Potomac Realty Trust

Tudor Investment Corporation sold all (125,000) shares of First Potomac Realty Trust last quarter. The share price of the company has decreased from $16.82 on 31 December 2010 to $15.75 on 31 March.

First Potomac Realty Trust is a self-managed, self-administered real estate investment trust that focuses on owning, operating, developing and redeveloping business parks and industrial properties in the Washington, D.C. metropolitan area and other major markets in Maryland and Virginia, which it refers to as the Southern Mid-Atlantic region. First Potomac’s EPS forecast for the current year is $1.05 and next year is $1.15. According to consensus estimates, its top line is expected to grow 22.30% in the current year and 12.60% next year. It is trading at a forward P/E of 14.07. Out of 10 analysts covering the company, six are positive and have buy ratings and four have hold ratings.

Campus Crest Communities Inc. Common Stock

Tudor Investment Corporation sold all (160,000) shares of Campus Crest Communities Common Stock last quarter. The share price of the company has decreased from $14.02 on 31 December 2010 to $11.83 on 31 March.

Campus Crest Communities is a self-managed, self-administered, vertically-integrated developer, builder, owner and manager of purpose-built student housing. The company owns interests in 27 student housing properties. Campus’ EPS forecast for the current year is $0.73 and next year is $0.84. According to consensus estimates, its top line is expected to grow 8.90% in the current year and 25.70% next year. It is trading at a forward P/E of 15.06. Out of five analysts covering the company, two are positive and have buy ratings and three have hold ratings.

INVESCO Mortgage Capital Inc.

Tudor Investment Corporation sold 75,000 shares of INVESCO Mortgage Capital last quarter and now holds a total of 75,000 shares. This position is 0.18% of its portfolio. The share price of the company has increased from $21.84 on 31 December 2010 to $21.85 on 31 March.

INVESCO Mortgage Capital focuses on investing in, financing and managing residential and commercial mortgage-backed securities and mortgage loans. INVESCO’s EPS forecast for the current year is $4.03 and next year is $4.02. According to consensus estimates, its top line is expected to grow 177.50% in the current year and 9.80% next year. It is trading at a forward P/E of 5.68. Out of 11 analysts covering the company, five are positive and have buy ratings and six have hold ratings.

Geron Corporation

Tudor Investment Corporation sold all (287,000) shares of Geron Corporation last quarter. The share price of the company has decreased from $5.19 on 31 December 2010 to $5.05 on 31 March.

Geron Corporation is a biopharmaceutical company that is developing biopharmaceuticals for the treatment of cancer and chronic degenerative diseases, including spinal cord injury, heart failure and diabetes. Geron’s EPS forecast for the current year is $-0.75 and next year is $-0.81. According to consensus estimates, its top line is expected to grow 149.80% in the current year and 7.30% next year. Out of five analysts covering the company, two are positive and have buy ratings and three have hold ratings.

Xueda Education

Tudor Investment Corporation sold all (145,740) shares of Xueda Education last quarter. The share price of the company has decreased from $11.27 on 31 December 2010 to $9.56 on 31 March.

Xueda Education Group, incorporated on April 24, 2009, is a holding company. Through its subsidiaries, it is engaged in providing tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services. The company has developed and implemented a results-oriented, student-centric service delivery model. Xueda’s EPS forecast for the current year is $0.37 and next year is $0.58. According to consensus estimates, its top line is expected to grow 50.80% in the current year and 38.00% next year. It is trading at a forward P/E of 15.43. Out of four analysts covering the company, three are positive and have buy ratings and one has a hold rating.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Tudor Investment Corp.'s Top 15 Sells