Billionaire Louis Bacon’s Moves Reveal Less Trust for Top Tech Names

#3 Amazon.com, Inc. (NASDAQ:AMZN)

Shares held (as of September 30): 76,000

Total Value (as of September 30): $38.90 million

Moore also reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by a sizable 57% during the third quarter. The e-commerce giant is another company that has continued on its upward trajectory in the fourth quarter, with the stock posting gains of nearly 30%. Generally, hedge funds were bullish on the company during the third quarter, as 113 in our database had investments worth $14.98 billion in Amazon.com, Inc. (NASDAQ:AMZN) at the end of September compared to 103 firms with $10.46 billion in shares a quarter earlier. The company posted strong financial results for the third trimester, including quarterly revenue from Amazon Web Services coming in at $2.09 billion, a 78% rise on a year-over-year basis. Tiger Global Management, which is led by Chase Coleman, owns nearly 3.20 million shares of Amazon.com, Inc. (NASDAQ:AMZN).

#2 AerCap Holdings N.V. (NYSE:AER)

Shares held (as of September 30): 1.64 million

Total Value (as of September 30): $44.51 million

Moore cut its AerCap Holdings N.V. (NYSE:AER) stake by 16% during the third quarter. So far this year, AerCap’s stock price has appreciated by almost 14%, even though fears of high widebody aircraft valuations as promulgated by Delta CEO Richard Anderson in October, led to a sharp decline in the stock price. Despite the second-largest aircraft lessor in the world beating both the top and bottom line estimates for its third quarter financial results, the net interest margin shrank by 2 percentage points compared to the same quarter a year ago. Activist investor David Einhorn‘s Greenlight Capital owns about 7.34 million shares of AerCap Holdings N.V. (NYSE:AER).

#1 JPMorgan Chase & Co. (NYSE:JPM)

Shares held (as of September 30): 1.53 million

Total Value (as of September 30): $93.25 million

The firm’s newly-initiated stake in JPMorgan Chase & Co. (NYSE:JPM) is also one of the ten banks recently accused of rigging the $320 trillion market for interest rate swaps. With gains of more than 7% so far this year, the stock hasn’t quite taken a hit from this development. In fact the world’s largest investment bank in terms of revenue is also leaving its bonus pool unchanged for the year, while competitors are cutting payouts. Alex Snow‘s Lansdowne Partners is the largest stockholder of JPMorgan Chase & Co. (NYSE:JPM) within our database, holding about 18.86 million shares.

Disclosure: None