Louis Moore Bacon's 2025 Third Quarter Investments

Louis Moore Bacon submitted his 13F filing for the third quarter of 2025, revealing his investment strategies. Born in 1956, Louis Moore Bacon is an American hedge fund manager and trader known for his global macro strategy. He established Moore Capital Management in 1989 and has been managing a leading hedge fund based in New York City. After 30 years of operation, he closed his hedge fund to outside investors at the end of 2019 and transformed three leading funds into a single private fund. Regarding this new arrangement, Bacon stated, "I am now focusing on my personal investment account, managing a broad multi-asset alternative platform."

In the third quarter of 2025, Louis Moore Bacon added a total of 202 stocks. The most notable addition was Nu Holdings Ltd (NYSE:NU); acquiring **3,462,251** shares, it constitutes approximately 0.77% of his portfolio, with a total value recorded at $55.43 million.

The second-largest addition to his portfolio was Citigroup Inc (NYSE:C); here, **530,480** shares were acquired, encompassing about 0.75% of the portfolio, with a total value of $53.84 million. The third-largest addition occurred with Futu Holdings Ltd (NASDAQ:FUTU); for this stock, **307,120** shares were purchased, accounting for a 0.75% share and reaching a total value of $53.41 million.

Bacon also increased his position in a total of 92 stocks. The most notable increase was in Freeport-McMoRan Inc (NYSE:FCX); here, an addition of **1,585,300** shares brought the total number to **1,613,495**. This represents a significant increase of 5,622.63% in share count and an impact of 0.86% on the portfolio, with a total value of $63.28 million.

The second-largest increase occurred with Microsoft Corp (NASDAQ:MSFT), with an addition of **68,148** shares, bringing the total to **481,108**. This change corresponds to a 16.5% increase in share count and a total value of $249.19 million.

In the third quarter, Louis Moore Bacon completely exited **141** stocks. He sold **223,360** shares of JPMorgan Chase & Co (NYSE:JPM), resulting in an impact of -0.85% on the portfolio. For **Honeywell International Inc** (NASDAQ:HON), he sold **263,164** shares, creating an impact of -0.8%.

Additionally, he reduced his position in a total of 82 stocks. One of the significant changes was in S&P MidCap 400 ETF (MDY), where a reduction of **293,725** shares led to a 46.35% decrease and an impact of -2.18%. The average price of the stock during the quarter was recorded at **$586.95**, generating a return of 1.20% over the last 3 months and 4.18% year-to-date.

Another significant reduction was in Vistra Corp (NYSE:VST); here, a decrease of **335,033** shares resulted in a 63.37% decline and an impact of -0.85% on the portfolio. The average price of the stock during the quarter was **$198.14**, with a loss of 12.14% over the last 3 months and a gain of 29.33% year-to-date.

As of the third quarter of 2025, Louis Moore Bacon's portfolio consists of a total of **608** stocks. Among the largest stocks in this portfolio, **Microsoft Corp** (NASDAQ:MSFT) holds 3.48%, **S&P MidCap 400 ETF** (MDY) 2.83%, **Bank of America Corp** (NYSE:BAC) 1.89%, **NVIDIA Corp** (NASDAQ:NVDA) 1.67%, and **SPDR S&P 500 ETF Trust** (SPY) 1.2%. The portfolio is concentrated across all 11 sectors, including Financial Services, Industrials, Technology, Communication Services, Healthcare, Materials, Consumer Discretionary, Energy, Real Estate, and Consumer Staples.