Aristotle Atlantic Partners, LLC, an investment advisor, released its “Large Cap Growth Strategy” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund posted a return of -4.87% gross of fees compared to -3.60% return for the Russell 1000 Growth Index. Holdings in Information Technology, Consumer Discretionary, and Materials were the major performance detractors. At the same time, investments in Consumer Staples and Financials and an overweight position in Health Care contributed positively to the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Atlantic highlighted stocks like UnitedHealth Group Incorporated (NYSE:UNH) in its Q3 2022 investor letter. Headquartered in Minneapolis, Minnesota, UnitedHealth Group Incorporated (NYSE:UNH) is a US-based healthcare company. On November 23, 2022, UnitedHealth Group Incorporated (NYSE:UNH) stock closed at $529.71 per share. One-month return of UnitedHealth Group Incorporated (NYSE:UNH) was -2.23%, and its shares gained 17.67% of their value over the last 52 weeks. UnitedHealth Group Incorporated (NYSE:UNH) has a market capitalization of $494.934 billion.
Aristotle Atlantic made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its Q3 2022 investor letter:
“UnitedHealth Group Incorporated (NYSE:UNH) is a leading U.S. health insurer offering a variety of plans and services to group and individual customers nationwide. Its health benefits segment manages health maintenance organization, preferred provider organization and point-of-service plans, as well as Medicare, Medicaid, state-funded, and supplemental vision and dental options. In addition, UnitedHealth Group’s Optum health services units—OptumHealth, OptumInsight and OptumRx—provide wellness and care management programs, financial services, information technology solutions, and pharmacy benefit management services to individuals and the health care industry. We believe UnitedHealth Group is well-positioned as a leader in commercial and government insurance markets with a broad complimentary service offering through Optum Health. As one of the largest health care payers and providers, we believe the company has unique insights and scale to continue to evolve the health care delivery process and drive above industry profitability and growth. We believe UnitedHealth Group’s track record of financial strength and stability warrants a premium in share valuation.”
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UnitedHealth Group Incorporated (NYSE:UNH) is 23rd position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 110 hedge fund portfolios held UnitedHealth Group Incorporated (NYSE:UNH) at the end of the third quarter, which was 91 in the previous quarter.
We discussed UnitedHealth Group Incorporated (NYSE:UNH) in another article and and discussed whether Rajiv Jain’s GQG Partners’ picked the right stocks in the third quarter of 2021. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
