Moore Capital Reports Sizable Q2 Stock Purchases
Moore Capital Reports Sizable Q2 Stock Purchases
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Key Points
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Moore Capital increased its Carvana position by 84,939 shares in the second quarter, bringing total holdings to 86,187 shares; Carvana’s stake was valued at about $5.67 million, and institutional investors owned 56.71% of the stock at quarter-end.
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iShares Semiconductor ETF (SOXX) paid a quarterly dividend of $0.2827 on June 18 to shareholders of record on June 15, up from $0.21, providing a higher income flow for holders.
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Primecap Management Co. CA took a new stake in Albemarle in the second quarter valued at about $358.1 million, highlighting a broad influx of large investors into Albemarle alongside Moore Capital.
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Capital One Financial is Moore Capital’s 20th biggest holding, representing about 0.8% of the fund’s total portfolio with 264,160 shares valued at roughly $53.0 million.
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Moore Capital opened a new position in NewHold Investment Corp IV (NHIV) by purchasing 700,000 shares, about $7.0 million, and owned roughly 3.37% of NHIV by the end of the quarter.
Moore Capital Management LP made aggressive moves in the second quarter, significantly expanding or launching new stakes across five public companies and one ETF. The fund's largest purchase was Capital One Financial, where it added 97,060 shares to reach a total holding of 264,160 shares valued at roughly $53.0 million — making it Moore Capital's 20th biggest position. Watchlist News reported the firm also made a dramatic 6,806% increase to its Carvana stake, bringing holdings to 86,187 shares worth about $5.67 million.
Massive Bet on Carvana and Auto Retail
Moore Capital's 6,806% increase in Carvana shares signals bold confidence in the online used-car dealer. The fund bought an additional 84,939 shares in Q2, pushing its total to 86,187. Watchlist News noted the full position was worth approximately $5.67 million at quarter-end. Institutional investors owned 56.71% of Carvana stock by the end of the quarter, showing broad support from large money managers.
Semiconductor Exposure Through iShares ETF
Moore Capital entered the semiconductor space by purchasing 21,275 shares of the iShares Semiconductor ETF (SOXX) for roughly $13.63 million. The ETF provides diversified exposure to chip makers without picking individual stocks. Watchlist News reported that SOXX paid a higher quarterly dividend of $0.2827 in June, up from $0.21 in the prior quarter, boosting income for shareholders.
Albemarle and Specialty Chemicals Join Portfolio
Moore Capital acquired 59,533 shares of chemical maker Albemarle Corp., valuing the new stake at about $8.04 million. Watchlist News reported that Primecap Management Co. CA also took a fresh position in Albemarle worth $358.1 million in the same quarter. The influx signals investor appetite for lithium and battery materials as electric-vehicle demand grows.
Capital One and a New Special Purpose Acquisition Company
Moore Capital boosted its Capital One Financial stake by purchasing 97,060 additional shares, bringing total holdings to 264,160 shares worth $53.0 million. Watchlist News called it the fund's 20th largest holding. Moore also launched a new position in NewHold Investment Corp IV (NHIV), buying 700,000 shares for about $7.0 million — giving it roughly 3.37% ownership of the special purpose vehicle by quarter-end.
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