Louis Moore Bacon's Q3 2025 Investments

Louis Moore Bacon presented his 13F filing for the third quarter of 2025, shedding light on his investment strategies. Born in 1956, Louis Moore Bacon is an American hedge fund manager and trader known for his global macro strategy. He manages a leading hedge fund based in New York City, Moore Capital Management, which he founded in 1989. After 30 years of operations, he closed the fund to outside investors at the end of 2019 and converted his three prominent funds into a single private fund. Regarding this new arrangement, Bacon stated, "I am now focusing on my personal investment account, managing a wide range of multi-asset alternative platforms."

In the third quarter of 2025, Louis Moore Bacon added a total of 202 stocks. Among these, the most notable addition was Nu Holdings Ltd (NYSE:NU). Acquiring **3,462,251** shares of this stock constitutes 0.77% of his portfolio, with a total value recorded at 55.43 million dollars.

The second-largest addition to the portfolio was Citigroup Inc (NYSE:C); here, **530,480** shares were purchased, covering approximately 0.75% of the portfolio with a total value of 53.84 million dollars. The third largest addition occurred with Futu Holdings Ltd (NASDAQ:FUTU), where **307,120** shares were acquired, representing a 0.75% stake with a total value reaching 53.41 million dollars.

Bacon also increased his position in a total of 92 stocks. The most significant increase was in Freeport-McMoRan Inc (NYSE:FCX), where an additional **1,585,300** shares were added, bringing the total share count to **1,613,495**. This represents an important increase of **5,622.63%** in the number of shares, with an impact on the portfolio of 0.86%, totaling 63.28 million dollars in value.

The second-largest increase was in Microsoft Corp (NASDAQ:MSFT); here, **68,148** shares were added, bringing the total share count to **481,108**. This change corresponds to a **16.5%** increase in share count with a total value of 249.19 million dollars.

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

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

Another significant reduction was seen with Vistra Corp (NYSE:VST), where a decrease of **335,033** shares led to a **63.37%** decline and an impact of -0.85% on the portfolio. The average price of this stock during the quarter was recorded at **$198.14**, resulting in a **-12.14%** loss over the last three months and **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 the portfolio, **Microsoft Corp** (NASDAQ:MSFT) accounts for **3.48%**, **S&P MidCap 400 ETF** (MDY) holds **2.83%**, **Bank of America Corp** (NYSE:BAC) has **1.89%**, **NVIDIA Corp** (NASDAQ:NVDA) comprises **1.67%**, and **SPDR S&P 500 ETF Trust** (SPY) represents **1.2%** of the holdings. The portfolio is diversified across all 11 sectors, including Financial Services, Industrial, Technology, Communication Services, Health Care, Basic Materials, Consumer Goods, Energy, Real Estate, and Consumer Defense.