Louis Bacon is one of the most well-known traders of the past 20 years. He joined the sales and trading program at Bankers Trust after graduating from the MBA program at Columbia Business School, then went to trading currencies at Walter N. Frank & Co, working at New York Cotton Exchange, and trading financial futures at Shearson Lehman Brothers. In 1989, Bacon went on to found Moore Capital Management. One year later, Moore Global Investments was established with $25,000. Today, the fund has approximately $15 billion AUM and Bacon’s personal wealth is about one-tenth of that.
Last month, Bacon released the 13F holdings of Moore Global Investments as of March 31, 2012 (check out Louis Bacon’s top stock picks). What stocks are Bacon most bullish about and are they truly good investments? Let’s check it out.
The top three equity positions in Louis’ latest 13F portfolio are three financial stocks: JPMorgan Chase & Co (JPM), Wells Fargo & Co (WFC), and US Bancorp (USB).
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