5 Michael Burry Stocks Other Hedge Funds Like Too

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1. Cigna Corporation (NYSE:CI)

Percentage of Scion Asset Management’s portfolio as of Q2 2023: 0.44%
Number of Hedge Fund Holders: 74

Together with its subsidiaries, Cigna Corporation (NYSE:CI) provides insurance and related products. It runs Evernorth Health Services, offering various health services like pharmacy benefits, home delivery pharmacy, and specialty pharmacy.

Cigna Corporation (NYSE:CI) has announced an expansion to grow its Medicare Advantage business in 2024, marking the fifth consecutive year of such geographic extension. The company plans to introduce its MA plans across 25 counties. Scion Asset Management held $7.72 million worth of stakes on the company as of the second quarter accounting for 0.44% of its portfolio.

As of the end of the second quarter of 2023, 74 hedge funds out of the 910 funds in Insider Monkey’s database had stakes in Cigna Corporation (NYSE:CI). Larry Robbins’s Glenview Capital is the company’s largest stakeholder, with 2.07 million shares worth $579.59 million.

Follow Cigna Holding Co (NYSE:CI)

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