Billionaire Louis Bacon’s Top 5 Stock Plays

3. Bunge Limited (NYSE: BG)

Moore Capital has been holding a position in Bunge Limited (NYSE: BG) since 2017. The firm raised its stake in BG by 10% in the fourth quarter of 2020 to 2.17% of the overall portfolio. Shares of Bunge rallied 15% year to date, extending the twelve-month gains to 115%. Bunge Limited operates as an agribusiness and food company worldwide.

Bunge has experienced an increase in hedge fund interest of late. It was in 51 hedge funds’ portfolios at the end of December compared to the all-time high for this statistic of 44. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high. There were 41 hedge funds in our database with BG holdings at the end of September.