Below is billionaire Louis Bacon’s top 5 stock picks that helped his hedge fund in generating massive gains in 2020. For a comprehensive list see Billionaire Louis Bacon’s Top 10 Stock Picks.
5. Bunge Limited (NYSE: BG)
Billionaire Louis Bacon has been bullish on Bunge Limited (NYSE: BG) over the years. The hedge fund first initiated a position in Bunge in 2017 and it accounted for 2.46% of the overall portfolio at the end of the September quarter.
Shares of Bunge Limited rallied 29% in the last twelve months despite experiencing a massive selloff early in 2020. Most of the share price apperception occurred during the final quarter of 2020 as the chief executive officer Greg Heckman claims that the turnaround phase of its strategy is completed and is seeing financial performance improvement is the day ahead. Bunge Limited operates as an agribusiness and food company worldwide. The company expects adjusted earnings per share for 2020 in the range of $7.00.