Top 5 Stock Picks of Billionaire Louis Bacon

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1. Fisker Inc. (NYSE:FSR)

Moore Global Investments’ stake value: $132 million

Percentage of Moore Global Investments’ portfolio: 2.61%

Number of hedge fund holders: 21

Fisker Inc. (NYSE:FSR) was the largest stock holding of Moore Global Investments as of December. The huge investment in electric vehicle automakers hints that the billionaire is seeking to capitalize on the world’s move towards electric vehicles. According to a latest update, the Los Angeles-based company received 40,000 orders for its new Fisker Ocean sport utility vehicle, up from the 30,000 orders as of Feb. 14. The company is experiencing strong demand for its Fisker Ocean One launch edition and Fisker Ocean Extreme model, both priced at $68,999.

Bullish hedge fund positions increased in the company recently. It was in 21 portfolios as of December compared to 15 positions in the previous quarter.

You can also take a look at 10 Tech Stocks to Buy Now According to Late Michael Price’s MFP Investors and Consumer Staples Stocks To Buy According To Billionaire Ray Dalio.

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