Bridger Management’s Top Stock Picks

Roberto Mignone was extremely bullish at the end of September. Let’s see his recent portfolio changes.

Roberto Mignone’s Bridger Management reported to own $1.2 billion worth of S&P 500 (SPY) call options at the end of September, increasing the position by 843% from the end of last quarter. Bridger made a handsome profit from this position as SPY returned 10.88% so far since the end of September. In addition to S&P 500 calls, Bridger Management also largely increased its position in Assured Guaranty Ltd (AGO) by 224% to $44.6 million. Assured Guaranty is a Bermuda-based holding company that provides credit protection products to the United States and international public finance, infrastructure and structured finance markets. AGO returned 3.38% since the end of third quarter. It has a market cap of $1.94B and a P/E ratio of 65.18. Wilbur Ross’ Invesco Private Capital had $200+ million invested in AGO. Ric Dillon also had $100+ million of AGO shares. ( Read the rest of the article here)