10 Healthcare Focused Hedge Funds and 5 Top Stock Picks

Page 5 of 5

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 111

UnitedHealth Group Incorporated (NYSE:UNH) is a diversified healthcare company and one of the top stock picks for healthcare-focused hedge funds. The company offers consumer-oriented health benefit plans and services in addition to care delivery, care management, wellness, and health financial services for consumers.

While the overall healthcare sector is down by about 6%, UnitedHealth Group Incorporated (NYSE:UNH) is up by about 3%, having emerged as a solid defensive play in the sector. The outperformance explains the vast holdings of up to 111 hedge funds. Our list of hedge funds that focus on healthcare has UnitedHealth Group Incorporated (NYSE:UNH) at the top.

Insider Monkey examined Q2 hedge fund portfolios for UnitedHealth Group Incorporated (NYSE:UNH) and identified that 111 hedge funds held positions in the company. Notably, in Q3 2023, Stephen J. Errico’s Locust Wood Capital Advisers was a significant investor in UnitedHealth Group Incorporated (NYSE: UNH), acquiring 217,338 shares valued at $109.58 million.

Follow Unitedhealth Group Inc (NYSE:UNH)

[/company-follow-email]

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on Billionaire Ray Dalio’s 15 Best Stock Picks and Billionaire David Tepper Doesn’t Like Most Stocks But He Likes These 12.

Page 5 of 5