Every quarter, many money managers have to disclose what they've bought and sold, via 13F filings. Their latest moves can shine a bright light on smart stock picks.
Today, let's look at Moore Capital Management, managed by billionaire Louis Moore Bacon. Bacon is known for employing a global macroeconomic focus in his investing and has been among the top 20 money earners since the 1990s, per GuruFocus.com.
The company's reportable stock portfolio totaled $6.3 billion in value as of March 31, 2012.
Interesting developments
So what does Moore's latest quarterly 13F filing tell us? Here are a few interesting details:
New holdings include Wells Fargo and Chimera Investment
Moore increased its stake in a number of holdings, including, JPMorgan Chase and Kodiak Oil and Gas
Moore reduced its stake in lots of companies, including Apple and Crocs
Finally, Moore unloaded several companies, including, Pharmasset (which was bought by Gilead Sciences), Windstream
Exelon is our nation's biggest nuclear-power utility, and has suffered in this environment of very low natural-gas prices. With its acquisition of Constellation Energy, it has also become America's largest competitive energy provider, and it sports coal- and gas-fired plants as well as nuclear-powered ones. Many see it as a solid value right now.
We should never blindly copy any investor's moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.
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