Moore Capital Management’s Latest Moves

Nina Zdinjak

Moore Capital Management is an NYC-based hedge fund that was founded in 1989 by American billionaire Louis Moore Bacon. In September 2018, the fund managed around $10.2 billion in assets. The fund provides additional offices in Miami, London, and Hong Kong. Louis Moore Bacon cut his teeth at Shearson Lehman Brothers as a Trader and Broker of financial futures. He also worked at Max Re Capital Ltd. Mr. Bacon graduated with an MBA in Finance from Columbia Business School and earned a BA in American Literature from Middlebury College. In this article, we are going to present Moore Capital Management’s most important portfolio changes in the first quarter of 2019.

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Among the fund’s top new additions were Alibaba Group Holding Limited (NYSE:BABA), Synchrony Financial (NYSE:SYF), Electronic Arts Inc. (NASDAQ:EA), SVB Financial Group (NASDAQ:SIVB), and Ameriprise Financial, Inc. (NYSE:AMP). As for the stocks in which the fund decided to boost its stake we should highlight iShares China Large-Cap ETF (NYSE:FXI), First BanCorp. (NYSE:FBP), and Facebook, Inc. (NASDAQ:FB).

These were Moore Capital’s top exists in Q1 2019: iShares Core S&P 500 ETF (NYSE:IVV), Ross Stores, Inc. (NASDAQ:ROST), iShares Russell 2000 ETF (NYSE:IWM), O'Reilly Automotive, Inc. (NASDAQ:ORLY), and Five Below, Inc. (NASDAQ:FIVE). The fund also decided to lower its stakes during the quarter in these stocks: GCP Applied Technologies Inc. (NYSE:GCP), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL), VanEck Vectors Gold Miners ETF (NYSE:GDX), Restaurant Brands International Inc. (NYSE:QSR), and Planet Fitness, Inc. (NYSE:PLNT).

Disclosure: None.

This article is originally published at Insider Monkey.