Billionaire Louis Bacon’s 5 Tech Stock Picks

2. Magna International Inc. (NYSE:MGA)

Moore Global Investments’ Stake Value: $129,242,000

Percent of Moore Global Investments 13F portfolio: 1.83%

Number of Hedge Fund Holders: 39

Magna International Inc. (NYSE:MGA) ranks second on our list of the billionaire Louis Bacon’s 10 tech stock picks. It is a Canadian mobility technology company that supplies its products to the automotive industry. The company deals in Body Exteriors, Seating Systems, and Complete Vehicles.

In Q2 2021, Moore Global Investments holds over 1.3 million shares in Magna International Inc. (NYSE:MGA), worth $129.2 million. The company represents 1.83% of the hedge fund’s 13F portfolio.

As of Q2 2021, 39 hedge funds tracked by Insider Monkey have positions in Magna International Inc. (NYSE:MGA), up from 34 in the previous quarter. These stakes are valued at over $576.2 million.