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Moore Capital Management’s Latest Moves

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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Insider Monkey’s flagship strategy identifies the best performing 100 hedge funds at the end of each quarter and invests in their consensus stock picks. This way it is always invested in the best ideas of the best performing hedge funds and is able to generate much higher returns than the market. Since its inception in May 2014, our flagship strategy generated a cumulative return of 103%, beating the S&P 500 ETF (SPY) by nearly 38 percentage points (see the details here). Our best performing hedge funds strategy also returned 26.4% year-to-date and outperformed the S&P 500 Index by nearly 12 percentage points. We take a closer look at hedge funds like Moore Capital in order to identify their best and worst ideas.

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),, 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.

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