Louis Moore Bacon recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Louis Moore Bacon (Trades, Portfolio) (born 1956) is an American hedge fund manager and trader who uses a global macro strategy to invest in the markets. Bacon is considered one of the top 100 traders of the 20th century. He is the manager of a leading New York City-based hedge fund, Moore Capital Management, which he founded in 1989.
As of the latest 13F report, the guru’s equity portfolio contained 691 stocks valued at a total of $4.25Bil. The top holdings were TLT(12.35%), CRWD(2.14%), and XLE(1.97%).
According to GuruFocus data, these were Louis Moore Bacon (Trades, Portfolio)’s top five trades of the quarter.
iShares 20 Year Treasury Bond ETF
During the quarter, Louis Moore Bacon (Trades, Portfolio) bought 1,124,600 shares of NAS:TLT for a total holding of 5,124,600. The trade had a 2.71% impact on the equity portfolio. During the quarter, the stock traded for an average price of $111.82.
On 11/14/2022, iShares 20+ Year Treasury Bond ETF traded for a price of $97.65 per share and a market cap of $23.59Bil. The stock has returned -32.33% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Consumer Staples Select Sector SPDR
The guru sold out of their 1,271,740-share investment in ARCA:XLP. Previously, the stock had a 2.44% weight in the equity portfolio. Shares traded for an average price of $72.87 during the quarter.
On 11/14/2022, Consumer Staples Select Sector SPDR traded for a price of $72.94 per share and a market cap of $16.31Bil. The stock has returned 2.70% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Consumer Staples Select Sector SPDR has a price-earnings ratio of 23.21 and a price-book ratio of 5.28.
Utilities Select Sector SPDR ETF
The guru sold out of their 1,105,000-share investment in ARCA:XLU. Previously, the stock had a 2.06% weight in the equity portfolio. Shares traded for an average price of $72.86 during the quarter.
On 11/14/2022, Utilities Select Sector SPDR ETF traded for a price of $67.27 per share and a market cap of $15.70Bil. The stock has returned 3.92% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Utilities Select Sector SPDR ETF has a price-earnings ratio of 21.93 and a price-book ratio of 2.09.
VanEck Gold Miners ETF
During the quarter, Louis Moore Bacon (Trades, Portfolio) bought 2,250,000 shares of ARCA:GDX for a total holding of 2,290,000. The trade had a 1.28% impact on the equity portfolio. During the quarter, the stock traded for an average price of $25.28.
On 11/14/2022, VanEck Gold Miners ETF traded for a price of $28.12 per share and a market cap of $11.57Bil. The stock has returned -17.71% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, VanEck Gold Miners ETF has a price-earnings ratio of 16.40 and a price-book ratio of 1.25.
Cheniere Energy Inc
During the quarter, Louis Moore Bacon (Trades, Portfolio) bought 303,926 shares of AMEX:LNG for a total holding of 312,426. The trade had a 1.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $151.67.
On 11/14/2022, Cheniere Energy Inc traded for a price of $164.5 per share and a market cap of $40.90Bil. The stock has returned 59.03% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Cheniere Energy Inc has a EV-to-Ebitda ratio of -94.26 and a price-sales ratio of 1.33.
The price-to-GF Value ratio is 0.79, earning the stock a GF Value rank of 9.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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