Billionaire Louis Bacon’s 5 Long-Term Stock Picks

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1. Ally Financial Inc. (NYSE:ALLY)

Louis Bacon’s Stake Value in Q3 2023: $111.57 Million
First Purchase: 2020 – Q3
Number of Hedge Fund Holders: 43

Ally Financial Inc. (NYSE:ALLY) is a digital financial services company that provides various digital financial products and services. Ally Financial Inc. (NYSE:ALLY) offers automotive financing services, including retail instalment sales contracts, loans, operating leases, term loans to dealers, financing dealer floorplans, and other lines of credit. 

Ally Financial Inc. (NYSE:ALLY) is up by about 45% for the year, affirming why it is one of billionaire Louis Bacon’s long-term stock picks. Moore Global Investments has held stakes in Ally Financial Inc. (NYSE:ALLY) since the third quarter of 2020, valued at $111.57 million as of Q3 2023

As of the conclusion of Q3 2023, 43 out of the 910 hedge funds tracked by Insider Monkey had a position in Ally Financial Inc. (NYSE:ALLY). The largest stake among them is held by Warren Buffett’s Berkshire Hathaway, valued at $773 million.

Follow Ally Financial Inc. (NYSE:ALLY)

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