Louis Moore Bacon (Trades, Portfolio) is the founder of the New York-based hedge fund Moore Capital Management LP who uses global macro strategies to invest. Forbes estimated his net worth at $1.75 billion as of March 2015.
At the end of the fourth quarter, Moore purchased 71 new stocks, for a total of 305 names listed in his portfolio and 33% turnover from the same quarter last year. The top sectors represented in his $3.2 billion portfolio are ETF, options and preferred at 29.7%; Consumer Cyclical at 16.8%, Financial Services at 13.2% and Industrials at 10.2%.
In the fourth quarter, Bacon’s largest new holdings were: SPDR S&P Retail ETF (XRT, Financial), Capital One Financial Corp (COF, Financial), DSW Inc. (DSW, Financial), Lululemon Athletica Inc. (LULU, Financial) and American Tower Corp (AMT, Financial).
SPDR S&P Retail ETF (XRT, Financial)
Bacon purchased 1,095,000 shares of SPDR S&P Retail ETF, a 3.3% portfolio weight. The index’s average price per share for the quarter was $90.
SPDR S&P 500 ETF has a market cap of $155.3 billion; its shares were traded at around $205.74. The dividend yield of SPDR S&P 500 ETF stocks is 2.0%.
Capital One Financial Corp (COF, Financial)
Bacon purchased 695,000 shares of Capital One Financial Corp, a 1.8% portfolio weight. The stock’s price averaged $81 per share for the quarter.
Capital One Financial Corp is a Delaware Corporation established in 1995. Capital One Financial Corp has a market cap of $43.38 billion; its shares were traded at around $78.65 with a P/E ratio of 10.30 and P/S ratio of 2.01. The dividend yield of Capital One Financial Corp stocks is 1.53%. Capital One Financial Corp had an annual average earnings growth of 3.10% over the past 10 years.
Bacon bought 1,025,000 shares of DSW Inc., a 1.2% portfolio weight. The stock’s fourth quarter price averaged $33.
DSW Inc. was incorporated in the state of Ohio on Jan. 20, 1969. DSW Inc. has a market cap of $3.23 billion; its shares were traded at around $36.55 with a P/E ratio of 21.60 and P/S ratio of 1.33. The dividend yield of DSW Inc. stocks is 2.09%. DSW Inc. had an annual average earnings growth of 13.1% over the past 10 years.
Lululemon Athletica Inc. (LULU, Financial)
Bacon bought 672,500 shares of Lululemon Athletica Inc., a 1.2% portfolio weight. The company’s share price averaged $46 for the quarter.
Lululemon Athletica Inc. was founded in 1998. The company is engaged in the design, manufacture and distribution of healthy lifestyle inspired athletic apparel, which is sold through a chain of corporate-owned and operated retail stores, direct to consumer through e-commerce and through a network of wholesale accounts. Lululemon Athletica Inc. has a market cap of $8.5 billion; its shares were traded at around $64.32 with a P/E ratio of 38.8 and P/S ratio of 5.16. Lululemon Athletica Inc. had an annual average earnings growth of 35% over the past five years.
American Tower Corp (AMT, Financial)
Bacon purchased 366,000 shares of American Tower Corp, a 1.1% portfolio weight. The company’s share price averaged $98 for the quarter.
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