This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

4 Stocks Moore Capital Is Betting On

Stocks in this article: VZBSBRASOSPY

BALTIMORE ( Stockpickr) -- For billionaire hedge fund manager Louis Bacon, managing money is a family business. That's because he's related to Julian Robertson, the man behind Tiger Management, a billionaire in his own right, and one of the most well-respected minds in the hedge fund world.

But that's where the similarities end.

>>Also: Recent Pro Portfolio Updates: Soros, Icahn, Buffett, Klarman

Unlike Tiger Management, where investments are selected using a traditional fundamental approach, Bacon uses a global macro strategy in his firm, Moore Capital Management, which has proven incredibly successful over the years. Essentially, a global macro strategy eschews traditional stock-picking metrics, instead favoring attributes such as economic indicators and market trends.

In more than two decades of operating, Moore's funds have been perennial top performers and among of the most sought-after hedge funds for investors, growing total assets under management to an estimated $15 billion.

>>Also: 20 Stocks With Big Insider Selling

So, then, what stocks are Bacon's funds investing in? Here's a glimpse at four positions disclosed in his firm's latest quarterly SEC filing.

One of the biggest companies that Moore owns a position in right now is Verizon (VZ), the communications giant that's slid around 3% year-to-date despite strong performance in its shares.

Verizon's most attractive business is its cell phone subsidiary, which dominates the U.S. market as the nation's No. 1 carrier. (Since VZ owns only 55% of Verizon Wireless, though, rival AT&T (T) actually directly controls a bigger share.)

>>Also: 10 Best Black Friday Tech Deals

While the company's landline business still constitutes a sizable portion of the company's business, it hasn't been a major driver of growth lately. But the firm is looking to change that with the deployment of FiOS, which brings the speed of fiber optic cables directly to consumers' homes for television, internet, and voice. That said, the investment in FiOS hasn't been small, and Verizon will need to see continued large subscriber numbers for its bet to pay off.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs