Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Bridger Management’s Top Stock Picks

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

BRIDGER MANAGEMENT

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)

Loading...