Billionaire Louis Bacon’s 5 Long-Term Stock Picks

4. Luminar Technologies, Inc. (NASDAQ:LAZR)

Louis Bacon’s Stake Value in Q3 2023: $35.67 Million
First Purchase: 2021 – Q2
Number of Hedge Fund Holders: 11

Luminar Technologies, Inc. (NASDAQ:LAZR) is a consumer cyclical play in Moore Global Investments and one of billionaire Louis Bacon’s long-term stock picks. The automotive company provides sensor technologies and software for passenger cars and commercial trucks. Luminar Technologies, Inc. (NASDAQ:LAZR) also designs, manufactures, and sells laser imaging detection and ranging sensors in Lidars. 

Bacon has been buying and selling shares in Luminar Technologies, Inc. (NASDAQ:LAZR) since the second quarter of 2022. Moore Global Investments held stakes worth $35.67 million as of the end of Q3 2023.

At the close of the third quarter of 2023, 11 hedge funds were eager on Luminar Technologies, Inc. (NASDAQ:LAZR) and held collective positions worth $ 44.11 million in the company. 

Follow Luminar Technologies Inc. (NASDAQ:LAZR)

[/company-follow-email]