Louis Bacon is a billionaire hedge fund that is bringing changes in its stock portfolio for the purpose of taking benefit of the volatility in the market. For example, this hedge fund has started 222 positions in the Q3 of 2020 and maximized its shares in 38 positions. Furthermore, the investment company of Louis Bacon has sold around 102 positions along with minimizing its position in approximately 63 stocks. The hedge fund of Louis Bacon believes in making diversified investments in different sectors and securities. According to the post shared by Insider Monkey:
“The top ten holdings accounted for 41% of the overall portfolio and the hedge fund ended the September quarter with 368 positions. While Louis Bacon’s reputation remains intact, the same can’t be said of the hedge fund industry as a whole, as its reputation has been tarnished in the last decade during which its hedged returns couldn’t keep up with the unhedged returns of the market indices.”
Here we will give you information regarding the Billionaire Louis Bacon’s Top 10 Stock Picks as mentioned in a Yahoo post by Insider Monkey. The first company we are going to list from the stock portfolio of Louis Bacon is VanEck Vectors Gold Miners ETF. This GDX position has fortunately assisted this hedge fund to gain huge returns in the year 2020. The shares of GDX had underperformed during the past 3 months, but in comparison to 12 months, stocks have rallied by 28%. Some other hedge fund managers who are macro-focused billionaires including Paul Tudor Jones are involved in bitcoin betting in response to the inflationary environment. Bitcoin has been shunned by Moore of Louis Bacon by selecting the highly traditional way of investing in gold. The investment firm of Louis bacon increased positioning in GDX by around 49% in Q3 of 2020 and it accounts for approximately 1.02% of the entire stock portfolio. The next stock pick from the portfolio of Moore Capital of Louis Bacon is FedEx Corporation. The hedge fund started its position in FDX in Q2 of 2020 and increased its position by around 1000% in Q3 of 2020. Shares of this company also offered huge gains to the hedge fund as the value of shares increased by 60% in the past 6 months. This air courier firm is also providing dividends to its shareholders. Do you want to have a glance of some other stock picks of Louis Bacon? Then continue reading “Billionaire Louis Bacon Shuns Bitcoin, Returns 70% By Betting On These Stocks.”
