Latest news with #MooreCapitalManagement
National Post
3 days ago
- Business
- National Post
Affirm and Moore Capital Management extend long-term capital partnership
Article content SAN FRANCISCO — Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and the Moore Specialty Credit ('MSC') Platform, the Private Asset Backed Finance ('ABF') platform of Moore Capital Management, LP ('Moore'), a global private investment management firm, today announced an extension of their long-term capital partnership through May 2027. Article content The expansion builds upon Affirm and MSC's longstanding collaboration, which will surpass a decade through their latest forward flow agreement. As Affirm's first loan buyer, Moore has supported Affirm's efforts to increase access to flexible and transparent payment options since 2017 through multiple funding channels and partnerships. Article content Article content 'Our deep relationship with Affirm has allowed us to see firsthand their differentiated approach to driving positive credit outcomes,' said Erik Siegel, CIO of the Moore Specialty Credit Platform. 'We look forward to continuing to support Affirm as it continues to generate quality assets that deliver attractive risk-adjusted returns.' Article content Moore has invested nearly $5 billion in Affirm's assets since beginning its capital partnership in 2017. This includes multiple forward flow partnerships with Affirm and supporting the Company's asset-backed securitizations through Moore's Private ABF platform, Moore Specialty Credit. Article content 'We appreciate Moore's long-term support as one of Affirm's earliest capital partners, especially their analytical expertise and thoughtful approach to structuring,' said Brooke Major-Reid, Chief Capital Officer at Affirm. 'The expansion of our collaboration further validates our strategy of investing in foundational relationships as we extend responsible access to credit without any late fees or hidden charges.' Article content Affirm empowers consumers with a transparent and flexible way to pay over time without any late or hidden fees. The company generated over $33 billion in gross merchandise volume (GMV) for the last twelve months ending March 31, 2025. With a diverse and durable funding model across multiple channels, Affirm's total funding capacity grew to $23.3 billion as of March 31, 2025, marking the ninth consecutive quarter that funding capacity increased. As a scaled and programmatic issuer, Affirm has issued 24 asset-backed securitizations totaling $12.25 billion with participation from over 150 unique capital partners across institution types, including: alternative asset managers, insurance companies, pension funds, sovereign wealth funds, hedge funds, and banks. Article content Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network—one based on trust, transparency, and putting people first—we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: Article content | Article content Instagram Article content | Article content Facebook Article content | Article content X Article content . Article content Article content Article content Article content Media Contacts Article content Article content Affirm: Article content Article content Article content
Yahoo
15-05-2025
- Business
- Yahoo
Louis Moore Bacon's Strategic Moves: A Significant Reduction in NVIDIA Corp
Louis Moore Bacon (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Louis Moore Bacon (Trades, Portfolio) (born 1956) is an American hedge fund manager and trader who uses a global macro strategy to invest in the markets. Bacon is considered one of the top 100 traders of the 20th century. He is the manager of a leading New York City-based hedge fund, Moore Capital Management, which he founded in 1989. The firm uses a bold and global macro-based approach to investing. After 30 years of operation, the hedge fund closed itself to outside investors in late 2019 and consolidated its three flagship funds into one proprietary fund. Regarding the new arrangement, Bacon wrote, "now I am once again concentrating on my personal investment account while overseeing a large multi-asset alternatives platform." Warning! GuruFocus has detected 5 Warning Signs with FL. Louis Moore Bacon (Trades, Portfolio) added a total of 153 stocks, among them: The most significant addition was SPDR S&P 500 ETF Trust (SPY), with 205,968 shares, accounting for 2.63% of the portfolio and a total value of $115.216 million. The second largest addition to the portfolio was iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), consisting of 716,176 shares, representing approximately 1.49% of the portfolio, with a total value of $65.193 million. The third largest addition was UBS Group AG (NYSE:UBS), with 1,442,286 shares, accounting for 1% of the portfolio and a total value of $43.799 million. Louis Moore Bacon (Trades, Portfolio) also increased stakes in a total of 64 stocks, among them: The most notable increase was iShares Russell 2000 ETF (IWM), with an additional 720,133 shares, bringing the total to 810,400 shares. This adjustment represents a significant 797.78% increase in share count, a 3.28% impact on the current portfolio, with a total value of $161.667 million. The second largest increase was Alibaba Group Holding Ltd (NYSE:BABA), with an additional 209,500 shares, bringing the total to 238,000. This adjustment represents a significant 735.09% increase in share count, with a total value of $31.471 million. Louis Moore Bacon (Trades, Portfolio) also reduced positions in 82 stocks. The most significant changes include: Reduced NVIDIA Corp (NASDAQ:NVDA) by 2,224,437 shares, resulting in a -99.85% decrease in shares and a -3.59% impact on the portfolio. The stock traded at an average price of $126.74 during the quarter and has returned -1.94% over the past 3 months and 1.39% year-to-date. Reduced Microsoft Corp (NASDAQ:MSFT) by 492,125 shares, resulting in a -98.43% reduction in shares and a -2.49% impact on the portfolio. The stock traded at an average price of $407.71 during the quarter and has returned 11.74% over the past 3 months and 8.28% year-to-date. At the first quarter of 2025, Louis Moore Bacon (Trades, Portfolio)'s portfolio included 455 stocks, with top holdings including 4.45% in S&P MidCap 400 ETF (MDY), 3.69% in iShares Russell 2000 ETF (IWM), 2.63% in SPDR S&P 500 ETF Trust (SPY), 2.31% in Ally Financial Inc (NYSE:ALLY), and 1.49% in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). The holdings are mainly concentrated in 11 industries: Financial Services, Industrials, Healthcare, Basic Materials, Consumer Cyclical, Communication Services, Technology, Consumer Defensive, Real Estate, Energy, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Louis Moore Bacon's Strategic Moves: A Significant Reduction in NVIDIA Corp
Louis Moore Bacon (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Louis Moore Bacon (Trades, Portfolio) (born 1956) is an American hedge fund manager and trader who uses a global macro strategy to invest in the markets. Bacon is considered one of the top 100 traders of the 20th century. He is the manager of a leading New York City-based hedge fund, Moore Capital Management, which he founded in 1989. The firm uses a bold and global macro-based approach to investing. After 30 years of operation, the hedge fund closed itself to outside investors in late 2019 and consolidated its three flagship funds into one proprietary fund. Regarding the new arrangement, Bacon wrote, "now I am once again concentrating on my personal investment account while overseeing a large multi-asset alternatives platform." Warning! GuruFocus has detected 5 Warning Signs with FL. Louis Moore Bacon (Trades, Portfolio) added a total of 153 stocks, among them: The most significant addition was SPDR S&P 500 ETF Trust (SPY), with 205,968 shares, accounting for 2.63% of the portfolio and a total value of $115.216 million. The second largest addition to the portfolio was iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), consisting of 716,176 shares, representing approximately 1.49% of the portfolio, with a total value of $65.193 million. The third largest addition was UBS Group AG (NYSE:UBS), with 1,442,286 shares, accounting for 1% of the portfolio and a total value of $43.799 million. Louis Moore Bacon (Trades, Portfolio) also increased stakes in a total of 64 stocks, among them: The most notable increase was iShares Russell 2000 ETF (IWM), with an additional 720,133 shares, bringing the total to 810,400 shares. This adjustment represents a significant 797.78% increase in share count, a 3.28% impact on the current portfolio, with a total value of $161.667 million. The second largest increase was Alibaba Group Holding Ltd (NYSE:BABA), with an additional 209,500 shares, bringing the total to 238,000. This adjustment represents a significant 735.09% increase in share count, with a total value of $31.471 million. Louis Moore Bacon (Trades, Portfolio) also reduced positions in 82 stocks. The most significant changes include: Reduced NVIDIA Corp (NASDAQ:NVDA) by 2,224,437 shares, resulting in a -99.85% decrease in shares and a -3.59% impact on the portfolio. The stock traded at an average price of $126.74 during the quarter and has returned -1.94% over the past 3 months and 1.39% year-to-date. Reduced Microsoft Corp (NASDAQ:MSFT) by 492,125 shares, resulting in a -98.43% reduction in shares and a -2.49% impact on the portfolio. The stock traded at an average price of $407.71 during the quarter and has returned 11.74% over the past 3 months and 8.28% year-to-date. At the first quarter of 2025, Louis Moore Bacon (Trades, Portfolio)'s portfolio included 455 stocks, with top holdings including 4.45% in S&P MidCap 400 ETF (MDY), 3.69% in iShares Russell 2000 ETF (IWM), 2.63% in SPDR S&P 500 ETF Trust (SPY), 2.31% in Ally Financial Inc (NYSE:ALLY), and 1.49% in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). The holdings are mainly concentrated in 11 industries: Financial Services, Industrials, Healthcare, Basic Materials, Consumer Cyclical, Communication Services, Technology, Consumer Defensive, Real Estate, Energy, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
ConocoPhillips (COP): Among Billionaire Louis Bacon's Stock Picks with Huge Upside Potential
We recently published a list of Billionaire Louis Bacon's 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where ConocoPhillips (NYSE:COP) stands against other stock picks with huge upside potential. Louis Moore Bacon is the founder, Chairman, and principal investment manager of Moore Capital Management, a global investment management firm that provides services to institutional and high-net-worth clients through diversified hedge funds and specialized funds that focus on global fixed-income and emerging markets. It was established in March 1989 and is headquartered in New York City with offices in London and Hong Kong. He holds an MBA in Finance from Columbia Business School and a BA in American Literature from Middlebury College. Bacon's investment philosophy is based on risk management and capital preservation principles. His trading strategies are focused on macroeconomic trends and fundamental analysis of the markets. Bacon emphasizes diversification, which allows him to invest across different geographies and asset classes. He is known for his contrarian investment style and takes positions against prevailing market sentiment. Moore Capital Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $33.20 billion, as reported in the firm's Form ADV dated 19 November 2024. Their last reported 13F filing for Q4 2024 included $8.70 billion in managed 13F securities and a top 10 holdings concentration of 25.53%. He believes that there are opportunities to profit from mispricing that come with volatility or fear. Louis Moore Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, which was established in 1992 to support conservation-focused nonprofits dedicated to preserving land, water, and wildlife habitats. Bacon has received several awards in this regard, including the Theodore Roosevelt Conservation Partnership (TRCP) Lifetime Conservation Achievement Award and the Audubon Medal. To compile the list of billionaire Louis Bacon's 10 stock picks with huge upside potential, we sifted through Q4 2024 13F filings of Moore Global Investments from Insider Monkey. From these filings, we checked each stock's upside potential from CNN and ranked the stocks in ascending order of this upside potential. We have also added Moore Global Investments' stake in each company and the hedge fund sentiment around each stock. Note: All data was sourced on May 2. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An underground network of pipelines transporting oil through an expansive terrain. Moore Global Investments' Stake: $43.75 million Number of Hedge Fund Holders: 86 Average Upside Potential as of May 2: 31.83% ConocoPhillips (NYSE:COP) explores, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. It operates in six segments: Alaska, Lower 48, Canada, Europe-Middle East-North Africa, Asia Pacific, and Other International. ConocoPhillips' Lower 48 operations delivered a 5% production growth year-over-year for the full year 2024. This contributed to the company's overall 4% production growth. In Q4 of 2024, the Lower 48 produced 1,308,000 BOE/d. The $22.5 billion acquisition of Marathon Oil in late November 2024 also enhanced the Lower 48 portfolio and added high-quality and low-cost supply inventory. The company's revenue of $14.74 billion beat estimates by almost $515 million. The overall production also rose 14.8% to 2.183 million BOE/d in Q4. The company expects to achieve over $1 billion of run-rate synergies by the end of 2025. A portion of this is already reflected in the capital guidance. ConocoPhillips also plans to reduce its workforce as part of a broader initiative to cut costs and streamline operations. Overall, COP ranks 7th on our list of billionaire Louis Bacon's stock picks with huge upside potential. While we acknowledge the potential of COP as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than COP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
Taiwan Semiconductor Manufacturing Company Limited (TSM): Among Billionaire Louis Bacon's Stock Picks with Huge Upside Potential
We recently published a list of Billionaire Louis Bacon's 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other stock picks with huge upside potential. Louis Moore Bacon is the founder, Chairman, and principal investment manager of Moore Capital Management, a global investment management firm that provides services to institutional and high-net-worth clients through diversified hedge funds and specialized funds that focus on global fixed-income and emerging markets. It was established in March 1989 and is headquartered in New York City with offices in London and Hong Kong. He holds an MBA in Finance from Columbia Business School and a BA in American Literature from Middlebury College. Bacon's investment philosophy is based on risk management and capital preservation principles. His trading strategies are focused on macroeconomic trends and fundamental analysis of the markets. Bacon emphasizes diversification, which allows him to invest across different geographies and asset classes. He is known for his contrarian investment style and takes positions against prevailing market sentiment. Moore Capital Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $33.20 billion, as reported in the firm's Form ADV dated 19 November 2024. Their last reported 13F filing for Q4 2024 included $8.70 billion in managed 13F securities and a top 10 holdings concentration of 25.53%. He believes that there are opportunities to profit from mispricing that come with volatility or fear. Louis Moore Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, which was established in 1992 to support conservation-focused nonprofits dedicated to preserving land, water, and wildlife habitats. Bacon has received several awards in this regard, including the Theodore Roosevelt Conservation Partnership (TRCP) Lifetime Conservation Achievement Award and the Audubon Medal. To compile the list of billionaire Louis Bacon's 10 stock picks with huge upside potential, we sifted through Q4 2024 13F filings of Moore Global Investments from Insider Monkey. From these filings, we checked each stock's upside potential from CNN and ranked the stocks in ascending order of this upside potential. We have also added Moore Global Investments' stake in each company and the hedge fund sentiment around each stock. Note: All data was sourced on May 2. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up of a complex network of integrated circuits used in logic semiconductors. Moore Global Investments' Stake: $26.23 million Number of Hedge Fund Holders: 186 Average Upside Potential as of May 2: 22.29% Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a tech company that manufactures, packages, tests, and sells integrated circuits and other semiconductor devices globally. It provides various wafer fabrication processes. It also offers customer & engineering support services, invests in tech start-up companies, and provides investment services. The HPC segment made 59% of the company's total revenue in Q1 2025, which totaled $25.78 billion and improved by 41.40% year-over-year. This revenue itself improved by 7% sequentially due to the demand for AI-related applications. TSMC is also at the forefront of advanced chip manufacturing. As of Q1, 3nm chips made up 22% of TSMC's total wafer revenue, while 5nm and 7nm accounted for 36% and 15%, respectively. Altogether, advanced technologies (7nm and below) made 73% of the total wafer revenue. To support AI and HPC growth, TSMC is investing in advanced packaging technologies, particularly CoWoS, intending to double its CoWoS capacity in 2025. Despite projecting a mid-40% revenue CAGR from AI accelerators for the 5 years starting from 2024, Barclays analyst Simon Coles lowered the price target on the stock to $215 from $255 on April 21 while maintaining an Overweight rating. The company also plans to launch 2nm and 1.6nm chips, which would further strengthen its competitive edge. The company's results and guidance showcased strong AI chip demand, which is why Sands Capital Technology Innovators Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q4 2024 investor letter: 'Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) third-quarter 2024 results and guidance showcased strong continued demand for artificial intelligence (AI) chips. Revenue increased by 29 percent, and earnings saw a 54 percent rise year-over-year. Gross margins were at their highest since 2022, bolstered by price hikes and record utilization at both the 3 nanometer (nm) and 5nm nodes. TSMC's full-year revenue outlook was revised upward from 25 percent to 30 percent growth. The company also anticipates higher capital expenditure in 2025, a leading indicator for revenue. Overall, TSM ranks 10th on our list of billionaire Louis Bacon's stock picks with huge upside potential. While we acknowledge the potential of TSM as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TSM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
