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The Business Insider (TBI) is a business site with deep financial, entertainment, green tech and digital industry verticals. The flagship vertical, Silicon Alley Insider, was launched on July 19, 2007, and led by DoubleClick founders Dwight Merriman and Kevin Ryan and former top-ranked Wall... More
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  • Check Out Moore Capital's Top Ten Holdings 0 comments
    Mar 24, 2010 11:09 AM | about stocks: SPY, MA, EEM, CME, AGO, MXGL, C, WFC

    We think it's unlikely that investors will end up redeeming their cash from Moore Capital after today's insider trading arrest.

    Based on first blush, this doesn't look to be Raj, so there won't be great opportunities for shorts to play the liquidation.

    Still this gives us a good chance to examine Louis Bacon's investing profile.

    Here are the fund's last reported top-10 holdings, according to Stockpickr. Notice they're super-heavy on financials.

    They are:

    • Bank of America (NYSE:BAC), 29.31% of portfolio
    • Standard and Poors (NYSEARCA:SPY), 5.48% of portfolio
    • Mastercard (NYSE:MA), 5.05% of portfolio
    • IShares Trust (NYSEARCA:EEM), 4.79% of portfolio
    • CME Group (NASDAQ:CME), 3.95% of portfolio
    • Assured Guarantee (NYSE:AGO), 3.84% of portfolio
    • Max Capital Group (MXGL), 2.95% of portfolio
    • Banco Santander (BSDR), 2.61% of portfolio
    • Citigroup (NYSE:C)
    • Wells Fargo (NYSE:WFC)

    Moore Cap has just said that no client funds were involved in the possibly illegal trades, so again the possibility of a liquidation is unlikely.

    Don't miss: The FSA Deployed More Than 143 Employees To Bust Employees At Moore Capital, Deutsche Bank And More For Insider Trading

    Disclosure: Disclosure: No positions
    Stocks: SPY, MA, EEM, CME, AGO, MXGL, C, WFC
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