IREN
Paul Tudor Jones just sent a pretty loud signal
Paul Tudor Jones isn’t nibbling here. Tudor Investment Corp’s latest 13F shows he added another 11.58 million IREN shares, lifting the fund’s position by 57% to roughly 31.8 million shares. That’s about as subtle as a foghorn in a library.
Why this matters to you
The interesting part isn’t just the size of the buy — it’s the shift. Jones also trimmed down his IREN options exposure, with calls falling by 50% and puts by 28%, which reads like: less short-term trading, more “I actually want to own this thing.”
For investors, that’s a bet that IREN’s data center and power-heavy infrastructure story is still plugged directly into the AI spending wave. Jones has been saying the market feels a little like 1999, and he’s not exactly being shy about where he sees the next leg of the boom coming from.
The bigger AI trade
Instead of chasing the software names everyone already knows, Jones is leaning into the picks-and-shovels side of the AI frenzy — the stuff that has to get built before the magic happens. If hyperscalers really are about to keep shoveling cash into infrastructure, companies like IREN can catch a lot of that flow.
Big picture: when a legendary macro investor moves from derivatives into a bigger common-stock position, it’s usually not a casual click. It’s a statement that the story still has room to run.