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Louis Moore Bacon's Largest 3rd Quarter Trades

Louis Moore Bacon ( Trades , Portfolio ) is an American hedge fund manager and trader who uses a global macro strategy to invest in the markets. He is the manager of a leading New York City-based hedge fund, Moore Capital Management.

During the third quarter, he increased several of his stakes, and the following are the ones with the highest increase.

Bacon increased his stake in BorgWarner Inc. ( BWA ) by 1608.83% with an impact of 0.25% on the portfolio. The current stake is 0.27% of his total assets and 0.07% of the company's outstanding shares. This was the highest increase among his holdings during the quarter.

The company is a supplier of engineered automotive systems and components for powertrain applications. Its products help improve vehicle performance, fuel efficiency, stability and air quality.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with strong returns of ROE 17.10% and ROA 8.33% that are outperforming 77% of the companies in the Global Auto Parts industry. Financial strength has a high rating of 8 out of 10, with cash to debt of 0.57 that is above the industry median of 0.48.

Diamond Hill Capital (Trades, Portfolio) is largest shareholder of the company among the gurus with 2.76% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.39%, Pioneer Investments (Trades, Portfolio) with 0.34% and Jim Simons (Trades, Portfolio) with 0.15%.

Bacon increased his stake in Owens-Illinois Inc. ( OI ) by 1460.14% with an impact of 0.29% on the portfolio. The current stake is 0.31% of his total assets.

The company is a manufacturer of glass containers with 75 glass manufacturing plants located in 21 countries. In the third quarter, year-over-year volumes were up nearly 4% on a global basis.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10, with negative returns of ROE 6.53% and ROA 0.89% that are under performing 85% of the companies in the Global Packaging & Containers industry. Financial strength has a high rating of 5 out of 10, with cash to debt of 0.05 that is below the industry median of 0.34.

The largest shareholder among the gurus is First Pacific Advisors (Trades, Portfolio) with 5.83% of outstanding shares, followed by Steven Romick (Trades, Portfolio) with 5.3%, David Einhorn (Trades, Portfolio) with 2.9% and Richard Snow (Trades, Portfolio) with 0.51%.

Bacon increased his stake in ConocoPhillips ( COP ) by 461.81% with an impact of 0.53% on the portfolio.

The company is engaged in exploring for, developing and producing crude oil and natural gas. During the third quarter, the company had a 4% year-over-year production growth and 18% year-over-year decline in operating costs.

GuruFocus gives the stock a profitability and growth rating of 4 out of 10, with negative returns of ROE 2.04% and ROA 0.90% that are outperforming 70% of the companies in the Global Oil & Gas E&P industry. Financial strength has a high rating of 7 out of 10, with cash to debt of 0.10 that is below the industry median of 0.43.

The company's largest shareholder among the gurus is James Barrow (Trades, Portfolio) with 2.2% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.61%, Donald Yacktman (Trades, Portfolio) with 0.46% and Yacktman Fund (Trades, Portfolio) with 0.22%.

Bacon increased his stake in Constellation Brands Inc. ( STZ ) by 316.53% with an impact of 0.58% on the portfolio. The current stake is 0.75% of his total assets.

The company is an international beverage alcohol company with many of its products recognized as leaders in their respective categories and geographic markets. During the last quarter, net sales grew by 8% and operating income grew by 27% year over year.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10, with positive returns of ROE 16.92% and ROA 6.46% that are outperforming 69% of the companies in the Global Beverages - Wineries & Distilleries industry. Financial strength has a high rating of 7 out of 10, with cash to debt of 0.04 that is below the industry median of 0.46.

Steve Mandel (Trades, Portfolio) is the largest shareholder of the company among the gurus with 2.38% of outstanding shares, followed by Alan Fournier (Trades, Portfolio) with 1.05%, Daniel Loeb (Trades, Portfolio) with 0.89% and John Burbank (Trades, Portfolio) with 0.27%.

Bacon increased his stake in Walt Disney Co. ( DIS ) by 269.35% with an impact of 0.31% on the portfolio.

The company is a diversified entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10, with strong returns of ROE 18.53% and ROA 9.69% that are outperforming 82% of the companies in the Global Media - Diversified industry. Financial strength has a high rating of 6 out of 10, with cash to debt of 0.25 that is below the industry median of 1.19.

Ken Fisher (Trades, Portfolio) is largest shareholder of the company among the gurus with 0.51% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.42%, Pioneer Investments (Trades, Portfolio) with 0.21% and Diamond Hill Capital (Trades, Portfolio) with 0.13%.

Bacon increased his stake in Aetna Inc. ( AET ) by 251.12%.

The company offers traditional, voluntary and consumer-directed health insurance products and related services.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10, with positive returns of ROE 15.19% and ROA 4.26% that are outperforming 62% of the companies in the Global Health Care Plans industry. Financial strength has a high rating of 7 out of 10, with cash to debt of 0.59 that is below the industry median of 1.75.

Vanguard Health Care Fund (Trades, Portfolio) is largest shareholder of the company among the gurus with 1.92% of outstanding shares, followed by Larry Robbins (Trades, Portfolio) with 1.6%, Andreas Halvorsen (Trades, Portfolio) with 1% and Pioneer Investments (Trades, Portfolio) with 0.44%.

Bacon also increased his stake in Zillow Group Inc. (ZG) by 242.63% with an impact of 0.01% on the portfolio.

The company operates the real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products to help people find vital information about homes and connect with local professionals. During the third quarter, revenue grew by 13% year over year on a pro forma basis and adjusted EBITDA was up 51% year over year on a pro forma basis, significantly ahead of expectations.

GuruFocus gives the stock a profitability and growth rating of 3 out of 10, with negative returns of ROE 7.30% and ROA 6.21% that are under performing 89% of the companies in the Global Real Estate Services industry. Financial strength has a high rating of 8 out of 10, with cash to debt of 2.33 that is above the industry median of 0.29.

The largest shareholder among the gurus is Ron Baron (Trades, Portfolio) with 1.41% of outstanding shares.

The investor increased his stake in Edgewell Personal Care Co. (EPC) by 182.26%.

The company manufactures and markets personal care products in the wet shave, skin care, feminine care and infant care categories. The company has a portfolio of approximately over 25 brands and footprint in approximately more than 50 countries.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10, with negative returns of ROE 4.67% and ROA 3.71% that are under performing 87% of the companies in the Global Household & Personal Products industry. Financial strength has a high rating of 7 out of 10, with cash to debt of 0.41 that is below the industry median of 0.46.

The largest shareholder among the gurus is Mario Gabelli (Trades, Portfolio) with 2.18% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.95%, Joel Greenblatt (Trades, Portfolio) with 0.94% and Diamond Hill Capital (Trades, Portfolio) with 0.51%.

About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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