Dow 30 Stocks List: 15 Stocks Ranked By 2022 Hedge Fund Bullishness Index

06. UnitedHealth Group Inc. (NYSE:UNH)

Number of Hedge Fund Holders as of Q3, 2022: 110

UnitedHealth Global Incorporated (NYSE:UNH) operates as a diversified health care company in the United States. UnitedHealth Group Inc. (NYSE:UNH) shares have risen 5.19% this year, given strong earnings. For Q3, UnitedHealth Group Inc. (NYSE:UNH) reported adjusted EPS of $5.79 on sales of $80.89 billion versus the consensus of $5.42 on revenue of $80.5 billion.

Among the hedge funds being tracked by Insider Monkey, Fort Lauderdale, Florida-based investment firm GQG Partners is a leading shareholder in UnitedHealth Global Incorporated (NYSE:UNH) with 3.2 million shares worth more than $1.6 billion.

In its Q3 2022 investor letter, Stewart Asset Management, an asset management firm, highlighted a few stocks, and UnitedHealth Global Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. Our four largest current holdings in the portfolio weathered that period well. UnitedHealth’s (NYSE:UNH) earnings were resilient. While it reported modestly down earnings in 2008, its earnings rebounded quickly to record highs in 2010 and the shares responded strongly in anticipation of this.”