Moore Capital Adds Family Dollar, Increases Citi, Drops Pepsico

Moore Capital Adds Family Dollar, Increases Citi, Drops Pepsico

Moore Capital Management, LP is an employee owned hedge fund sponsor. The current CEO is Louis Moore Bacon. The hedge fund offers services to pooled investment vehicles.

Moore Capital typically invests in public equity, fixed income and alternative investment markets worldwide. The firm is focused on value investment and applies fundamental analysis in identifying potential investments. Moore Capital Management, LP was established in 1989. is registered in Delaware, but headquartered in the Big Apple.

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Details from most recent Moore Capital Management 13f

According to Moore Capital Management LP’s most recent SEC 13f filing, the firm has initiated 240 new equity positions, sold out of 151 stock positions, added to 81 equity positions and reduced its stake in 100 positions during the last quarter.

The top 10 holdings of the firm represent 29.55% of the total portfolio value, and the turnover for the quarter was 108.31%.

Moore Capital’s top three holdings

The current top holding for Moore Capital is JPMorgan Chase & Co. at 5.95% of the firm’s portfolio. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) calls are the second largest position at 3.67% of the total holdings. Moore Capital Management’s third largest position as of the end of the first quarter was Gilead Sciences, Inc. (NASDAQ:GILD), which represented 3.24% of the hedge fund’s total portfolio.

Moore Capital’s major new positions

Moore Capital Management established new positions in Family Dollar Stores, Inc. (NYSE:FDO) call options (0.7945%), State Street Corporation (NYSE:STT) call options (0.7108%) and PNC Financial Services Group Inc (NYSE:PNC) (0.6669%), among others this quarter.

Moore Capital’s major positions closed

Like most hedge funds, Moore Capital also sold out several positions this quarter. The firm closed out their 1.5021% position in iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA:FXI), as well as a 0.9638% position in ING U.S., INC. and a 0.9096% position in PepsiCo, Inc. (NYSE:PEP) call options, among others, in first quarter 2014.

Moore Capital’s increased positions

Moore Capital Management also increased the size of its stake in a number of equities over the quarter. By far the largest increased position was boosting its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4,489,250 shares, a whopping 1453% increase for the quarter. The firm also bought an additional 1,539,590 shares of pharma giant Gilead Sciences, Inc. (NASDAQ:GILD) during the quarter, a 646% increase. Moore Capital also added another 1,621,958 shares of rental car firm Hertz Global Holdings, Inc. (NYSE:HTZ), a 44% increase for the three month period. The hedge fund also tacked on an additional 1,058,452 shares of Citigroup Inc (NYSE:C) during the quarter, increasing their stake by 80%.

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