Billionaire Louis Bacon’s 5 Long-Term Stock Picks

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In this article, we discuss billionaire Louis Bacon’s 5 long-term stock picks. To read the details about Mr. Bacon’s life, portfolio performance, and investment strategy, go directly to Billionaire Louis Bacon’s 15 Long-Term Stock Picks.

5. Capital One Financial Corporation (NYSE:COF)

Louis Bacon’s Stake Value in Q3 2023: $20.29 Million
First Purchase: 2021 – Q2
Number of Hedge Fund Holders: 49

Capital One Financial Corporation (NYSE:COF) is a financial service holding company that provides various financial products and services. Capital One Financial Corporation (NYSE:COF) offers checking accounts, money market deposits, savings, and time deposits. 

Moore Global Investments has held stakes in Capital One Financial Corporation (NYSE:COF) since the second quarter of 2021, making it one of billionaire Louis Bacon’s long-term stock picks. Capital One Financial Corporation (NYSE:COF) is up by 43% year to date and offers a 1.82% yield. The hedge fund held stakes worth $20.29 million in the company as of the end of Q3 2023. 

In the third quarter of the current year, 49 hedge funds among the 910 analyzed by Insider Monkey actively acquired and held shares of Capital One Financial Corporation (NYSE:COF). Notably, Harris Associates  of Natixis Global Asset Management emerged as the largest shareholder, boasting a significant $1.8 billion stake in the company.

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