Top 5 Stock Picks of Billionaire Louis Bacon

4. Amazon.com, Inc. (NASDAQ:AMZN)

Moore Global Investments’ stake value: $64 million

Percentage of Moore Global Investments’ portfolio: 1.28%

Number of hedge fund holders: 282

Moore Global saw the dip in Amazon.com, Inc. (NASDAQ:AMZN) stock price as a buying opportunity during the December quarter. The firm lifted its stake in the company by more than 1450%. It is ranked fourth on our list of top 10 stock picks of billionaire Louis Bacon. Shares of the world’s largest e-commerce platform have been under pressure over the past six months amid prospects for slower revenue growth in the post COVID environment.    

In the fourth quarter investor letter, ClearBridge Investments, an investment management firm, highlighted the confidence in future prospects of Amazon. Here is what the firm stated:  

“With Amazon’s capex build largely done in 2020 and 2021, we believe it is now set up to generate robust revenue growth and margin expansion in all three of its key segments: e-commerce, cloud (AWS), and advertising. Amazon rebounded off post-invasion lows on the strength we experienced in e-commerce.”