Louis Bacon is Bullish on Financials & Facebook
Louis Bacon's Moore Global Investments has revealed its top stock pics in a recent 13F filing with the SEC. Bacon is bullish on financial stocks with Hartford Financial Services Group Inc (NYSE:HIG) being his top dog. Moore Global holds 4.8 million shares valued at approximately $150 million. Next up is Assured Guaranty Ltd.(NYSE:AGO), with the position being worth a reported $130 million.
Bacon has also become a fan of Facebook Inc (NASDAQ:FB) having opened a new position by buying 1.7 million shares valued at a little under $90 million. Another tech company that Moore Global is betting on is Cisco Systems, Inc.(NASDAQ:CSCO), their investment being valued at $85 million. The fifth biggest position is Capital One Financial Corp. (NYSE:COF), with Bacon increasing the position to 1.1 million shares reportedly worth $78 million.