5 Stocks Jim Cramer and Hedge Funds Have in Common

2. UnitedHealth Group Inc. (NYSE:UNH)

Number of Hedge Fund Holders: 110

Cramer thinks UnitedHealth Group Inc. (NYSE:UNH) may be “the most consistent beat and raise companies” in the Dow. He said he would buy the stock on a pullback ahead of the company’s earnings announcement. On April 14, UnitedHealth Group Inc. (NYSE:UNH) reported earnings for the first quarter of fiscal 2023. The company reported an EPS of $6.26 and outperformed EPS estimates by $0.18. The company’s revenue for the quarter amounted to $91.93 billion, up 14.70% year over year and ahead of Wall Street expectations by $2.15 billion.

At the close of the fourth quarter of 2022, 110 hedge funds were bullish on UnitedHealth Group Inc. (NYSE:UNH) and disclosed collective stakes worth $11.4 billion in the company. Of those, GQG Partners was the largest stockholder and had a stake worth $2.1 billion.

Madison Investments made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its Q1 2023 investor letter:

“US Bancorp, Eli Lilly, Danaher, UnitedHealth Group Incorporated (NYSE:UNH), and Apple were the largest detractors. We remain confident that UnitedHealth Group can deliver long term double digit earning per share growth from its value-based care offerings for both its government and private sector customers.”