Here are the favorite inflation trades of big investors like David Einhorn and Paul Tudor Jones

Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.
Adam Galica | CNBC

Another hotter-than-expected inflation report hit the markets Wednesday, confirming what big investors have been warning for months: Persistent price pressures are becoming a big threat to asset prices.

Here is where to hide out and potentially profit from inflation, according to notable investors David Einhorn and Paul Tudor Jones.