Hedge Fund Manager Louis Bacon’s Top 5 Stock Picks

In this article, we discuss hedge fund manager Louis Bacon’s top 5 stock picks. You can read our detailed analysis of Bacon’s hedge fund and its performance over the years, and go directly to read Hedge Fund Manager Louis Bacon’s Top 12 Stock Picks. 

5. CRH PLC  (NYSE:CRH)

Moore Capital Management Q2 2023 Holdings: $82.76 Million
Number of Hedge Fund Holders: 20

CRH PLC (NYSE:CRH), headquartered in Dublin, Ireland, operates in three segments: Americas Materials, Europe Materials, and Building Products. They produce and provide materials such as cement, lime aggregates, precast, and ready-mixed concrete.

CRH PLC (NYSE:CRH) is up by more than 30% for the year, a rally on solid demand for building materials that has strengthened the company’s sentiments in the market. Strong demand for houses is the catalyst boosting its prospects.

In addition, CRH PLC (NYSE:CRH) is one of the stocks to buy, according to billionaire Louis Bacon, for anyone looking to generate some passive income. The company has a 29-year track record of consecutive dividend payments, with dividend payouts increasing by 11% over the last three years.

Insider Monkey’s second quarter of 2023 survey covering 910 hedge funds revealed that 20 had held a stake in CRH PLC (NYSE:CRH). Out of these, the firm’s largest hedge fund shareholder is Edgar Wachenheim’s Greenhaven Associates, which owns 2.09 million shares that are worth $116.50 million.

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