We recently published a list of Billionaire Louis Bacon’s 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Fluor Corporation (NYSE:FLR) stands against Billionaire Louis Bacon’s other stock picks with huge upside potential.
Louis Moore Bacon is the founder, Chairman, and principal investment manager of Moore Capital Management, a global investment management firm that provides services to institutional and high-net-worth clients through diversified hedge funds and specialized funds that focus on global fixed-income and emerging markets. It was established in March 1989 and is headquartered in New York City with offices in London and Hong Kong. He holds an MBA in Finance from Columbia Business School and a BA in American Literature from Middlebury College. Bacon’s investment philosophy is based on risk management and capital preservation principles. His trading strategies are focused on macroeconomic trends and fundamental analysis of the markets.
Bacon emphasizes diversification, which allows him to invest across different geographies and asset classes. He is known for his contrarian investment style and takes positions against prevailing market sentiment. Moore Capital Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $33.20 billion, as reported in the firm’s Form ADV dated 19 November 2024. Their last reported 13F filing for Q4 2024 included $8.70 billion in managed 13F securities and a top 10 holdings concentration of 25.53%. He believes that there are opportunities to profit from mispricing that come with volatility or fear. Louis Moore Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, which was established in 1992 to support conservation-focused nonprofits dedicated to preserving land, water, and wildlife habitats. Bacon has received several awards in this regard, including the Theodore Roosevelt Conservation Partnership (TRCP) Lifetime Conservation Achievement Award and the Audubon Medal.
Our Methodology
To compile the list of billionaire Louis Bacon’s 10 stock picks with huge upside potential, we sifted through Q4 2024 13F filings of Moore Global Investments from Insider Monkey. From these filings, we checked each stock’s upside potential from CNN and ranked the stocks in ascending order of this upside potential. We have also added Moore Global Investments’ stake in each company and the hedge fund sentiment around each stock.
Note: All data was sourced on May 2.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up of an engineer surveying a large-scale construction project.
Fluor Corporation (NYSE:FLR)
Moore Global Investments’ Stake: $40.29 million
Number of Hedge Fund Holders: 48
Average Upside Potential as of May 2: 24.07%
Fluor Corporation (NYSE:FLR) delivers engineering, procurement, and construction (EPC) solutions across diverse sectors. These include urban infrastructure, energy (both traditional and renewable), and government projects. Its expertise spans complex project management, fabrication, and technical consulting, with a focus on delivering large-scale and mission-critical infrastructure.
In Q1 2025, the company’s Urban Solutions segment reported a profit of $70 million and experienced a ramp-up in execution activities due to new awards secured over the past 18 months. New awards for Urban Solutions in Q1 were strong at $5.3 billion, compared to $4.9 billion year-over-year. The ending backlog for this segment is at $20.2 billion, which is 70% of Fluor’s total backlog.
Within Urban Solutions, the Advanced Technology & Life Sciences (ATLS) business line is particularly strong, which is further highlighted by a recent award from a leading pharmaceutical maker for EPCM services on a multibillion-dollar investment. Fluor Corporation (NYSE:FLR) has a long-standing history in this market, having worked on 1,500 life sciences projects in 30 countries over the past 50 years.
ClearBridge Small Cap Growth Strategy highlighted the company’s potential to benefit from large-scale projects in growing markets due to its improved contract structure. It stated the following regarding Fluor Corporation (NYSE:FLR) in its Q4 2024 investor letter:
2024 proved a particularly active year for new idea generation: we added 23 new investments while exiting 29 due to a variety of considerations, including acquisitions, market capitalization constraints, and our assessment of forward return potential. While many of the new investments we made during the year are of relatively modest size, we will continue to build these positions over time provided company execution and end market prospects remain intact. In the fourth quarter we initiated five new investments: Oscar Health, TG Therapeutics, Clearwater Analytics, Fluor Corporation (NYSE:FLR) and Modine.
Fluor is one of the largest engineering, procurement and construction firms, with global scale supporting megaprojects across various end markets. With an improved contract structure mix and balance sheet, the company is poised to benefit from an array of high-priority investment projects in markets such as data centers, GLP-1 manufacturing, mining and nuclear energy.
Overall, FLR ranks 9th on our list of billionaire Louis Bacon’s stock picks with huge upside potential. While we acknowledge the growth potential of FLR, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FLR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
