Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Larry Robbins’ Net Worth, Performance and Portfolio

In this article, we will discuss Larry Robbins’ net worth, performance and portfolio. If you want to skip the detailed analysis of Robbins’ net worth, performance and investment philosophy, go directly to Top 5 Stocks in Larry Robbins’ Portfolio.

Founded in 2000 by billionaire investor Larry Robbins, Glenview Capital Management has evolved to become one of the most successful hedge funds on Wall Street. The hedge fund has often outperformed the overall market with a long/short strategy focused on investments in equity and fixed incomes securities. From January 2001 to December 2010, Glenview Capital, run by Larry Robbins, delivered a 301% return net of fees and expenses. The hedge fund outperformed the average hedge funds and the S&P 500 index in 2010, with a 15.7% return. However, Glenview Capital had a rough year in 2008, when it lost about half of its assets, which were worth $9 billion at the time, and trailed the market. Glenview Capital plunged about 50% in 2008, but it seems to have recovered since then. The fund soared 82.7% in 2009.

Robbins has been a major force behind Glenview Capital management’s stellar performance, given his vast experience in the hedge fund industry that spans over two decades. He stands out as a reputable money manager capable of holding positions in high-value sectors and companies. The solid performance stems from the hedge fund’s investment strategy, commonly related to growth at a reasonable price (GARP). The strategy focuses on companies with strong growth prospects but highly undervalued. It also focuses on companies in predictable industries with steady and recurring revenue streams. Additionally, Glenview Capital Management stays clear of companies with high leverage, low margins, or those facing regulatory risks. Larry Robbins’ current net worth is $1.9 billion.

Additionally, the hedge fund is not sector specific. It has diversified its holdings into various segments. Some of its biggest investments are in healthcare, with stakes in hospital chains Tenet Healthcare and HCA Healthcare. Glenview has also diversified its holdings into Industrials. Robbins made profitable bets on healthcare stocks in 2012, which he said were boosted by Obamacare. The hedge fund maintained its strong performance in the next years, with an 84% return in 2013. Robbins resumed his investments in health and travel stocks in mid-2020, because these sectors became more relevant due to the pandemic. His long-term healthcare bets paid off in 2021, when his hedge fund gained 10.3%, while his main fund that focused on healthcare rose 21.1% for the year.

Larry Robbins of Glenview Capital

In the race to unlock optimum value from its holdings in divergent sectors, Glenview Capital Management also engages in shareholder activism and influences corporate decisions. It uses its stakes in companies to raise concerns or demand management to unlock shareholder value. It also engages in proxy contests and lawsuits to pressure management into making changes that would benefit shareholders.

Glenview Capital’s 13F portfolio value increased to $4.56 billion in Q1 2023, from $4.51 billion in the previous quarter. The fund bought 15 stocks, increased its stakes in 21 stocks, exited 14 stocks, and trimmed its positions in 18 equities. Healthcare stocks were Robbins’ preferred choice, accounting for 29.06% of the portfolio, while information technology stood second and represented 20.62% of his portfolio in the first quarter of 2023. Some of the fund’s biggest holdings are Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Uber Technologies, Inc. (NYSE:UBER). Considering these economic outlooks, we present our list of top 10 stocks in Larry Robbins’ Glenview Capital portfolio.

Our Methodology

We selected the stocks in this article based on Glenview Capital’s 13F filings for the first quarter of 2023. We ranked them by their weight in Glenview Capital’s portfolio. To help the readers understand these stocks better, we also included the analyst estimates, financial reports, and performance of each company. We used Insider Monkey’s Q1 2023 database of 943 elite hedge funds to measure the hedge fund sentiment for each stock.

10. Hca Healthcare Inc. (NYSE:HCA)

Number of Hedge Fund Holders:65

Percentage of Glenview Capital’s Portfolio:2.61%

Hca Healthcare Inc. (NYSE:HCA) is a provider of healthcare services in the United States operating through general and acute care hospitals that offer medical and surgical services. It offers inpatient care, intensive care cardiac care, laboratory services, radiology, and respiratory therapy, among other services.

The stock has been trending up over the past nine months and is up by more than 20% year to date. Hca Healthcare Inc. (NYSE:HCA)’s price target was increased to $325 from $305 by Mizuho analyst Ann Hynes on July 11, who maintained a ‘Buy’ rating on the stock.

According to the 13F filings for the first quarter of 2023, the Larry Robbins stock portfolio had 452,227 shares of Hca Healthcare Inc. (NYSE:HCA), worth $119.24 million and representing 2.61% of the total holdings.

According to the Insider Monkey database, 65 hedge funds held stakes in Hca Healthcare Inc. (NYSE:HCA), with a combined value of $2.79 billion in Q1 2023. The most notable shareholder in Hca Healthcare Inc. (NYSE:HCA) is Harris Associates, with 4.94 million shares worth $1.30 billion.

Hca Healthcare Inc. (NYSE:HCA) is among the stocks that Larry Robbins holds in his portfolio, along with Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Uber Technologies, Inc. (NYSE:UBER).

Renaissance Investment Management commented on HCA Healthcare, Inc. (NYSE:HCA) in its fourth quarter 2022 investor letter:

“Lastly, HCA Healthcare, Inc. (NYSE:HCA) was another contributor. The company is seeing solid improvements in surgical volumes and overall healthcare usage. Meanwhile, labor expenses, which have weighed heavily on operating margins, appear to be reversing as extra headcount brought on to accommodate spikes in patient volumes due to COVID is finally subsiding.”

9. Alight Inc (NYSE:ALIT)

Number of Hedge Fund Holders:41

Percentage of Glenview Capital’s Portfolio:2.85%

Alight Inc (NYSE:ALIT) is a provider of cloud-based integrated digital human capital and business solutions. Its solutions enable employees to enrich their health, wealth, and well-being while allowing organizations to achieve high-performance culture. Based on 5 buy ratings, 0 hold ratings and 0 sell ratings, Alight Inc (NYSE:ALIT) has a consensus rating of ‘Strong Buy.’

The stock has gained about 13% year to date, benefiting from stellar first-quarter results. Earnings came in at $0.13 a share, beating consensus estimates of $0.12 a share, as revenues increased to $831 million from $725 million delivered a year ago same quarter.

Based on the 13F filings for Q1 2023, Larry Robbins’ stock portfolio included 14.14 million shares of Alight Inc (NYSE:ALIT), valued at $130.27 million, accounting for 2.85% of the overall holdings.

As of the end of the first quarter, there were 41 hedge funds in Insider Monkey’s database that held stakes in Alight Inc (NYSE:ALIT), compared to 40 funds in the previous quarter. Bob Peck and Andy Raab’s, FPR Partners with 33.08 million shares, is the biggest stakeholder in the company.

In its Q1 2023 investor letter, Polen Capital provided the following statement regarding Alight, Inc. (NYSE:ALIT):

“New additions to the portfolio included Alight, Inc. (NYSE:ALIT) and DocGo. Alight is a leading cloud-based provider of employee engagement tools and solutions for workplace benefits, payroll, administration, and wealth services. Alight was founded 25 years ago, and, in keeping with the flywheel, has a long history of consistently growing recurring revenue. Over the past several years, Alight has deployed capital towards several value-add acquisitions and towards developing a technology platform for what they call “business process as a service” or “BPaaS”. This has only furthered Alight’s unique positioning and opened up significant growth opportunities.To give a sense for their scale, they serve 15% of the US workforce and their solutions can be found in 50% of Fortune 500 companies. Alight’s human capital BPaaS solutions combine Software as a Service (“SaaS”) capabilities, artificial intelligence, automation, and data analytics to deliver superior outcomes for employees and employers across a comprehensive portfolio of services. We expect Alight to drive consistent growth on the back of upsell/cross-sell opportunities with existing clients, as well as from new customer wins, international expansion and M&A.”

8. US Foods Holding Corp (NYSE:USFD)

Number of Hedge Fund Holders:41

Percentage of Glenview Capital’s Portfolio:2.91%

US Foods Holding Corp (NYSE:USFD) markets and distributes fresh frozen, and dry food products across the United States. Its biggest clients are multi-unit restaurants and hospitals, nursing homes, hotels, and motels. The company has been making waves following the acquisition of renowned food service distributor Renzi Food Services. The acquisition is poised to open up new opportunities for expansions and growth in central upstate New York.

The stock is up by more than 28% year to date as it continues to trade in a strong uptrend. In Q1 2023, Glenview Capital reduced its stake in US Foods Holding Corp (NYSE:USFD) by 7%, holding 3.59 million shares worth approximately $132.68 million, representing 2.91% of the total 13F securities. Morgan Stanley raised its rating on US Foods from ‘Equal Weight’ to ‘Overweight’ and increased its price target from $46 to $54 on June 20.

At the end of the first quarter of 2023, 41 hedge funds in the database of Insider Monkey held stakes worth $1.73 billion in US Foods Holding Corp (NYSE:USFD), the same as in the previous quarter, worth $1.81 billion. Among these hedge funds, Scott Ferguson’s Sachem Head Capital is the company’s most notable stakeholder, with 18.93 million shares worth $699.4 million.

7. Valvoline Inc (NYSE:VVV)

Number of Hedge Fund Holders:31

Percentage of Glenview Capital’s Portfolio:2.91%

Valvoline Inc (NYSE:VVV) has carved a niche in offering automotive services through retail stores across the US and Canada. It offers cabin air filters, battery replacement, and tire rotation servos to various vehicles. While the stock has been extremely volatile in 2023, it is up by more than 10% for the year.

During Q1 2023, the hedge fund increased its investment in Valvoline Inc (NYSE:VVV) by 9%, retaining a total of 3.8 million shares valued at around $132.88 million, equivalent to 2.91% of all 13F securities. On June 23, Valvoline Inc (NYSE:VVV) received an ‘Overweight’ rating and a $43 price target from Stephens analyst Daniel Imbro.

In the first quarter of 2023, 31 hedge funds had stakes worth $915.9 million in Valvoline Inc (NYSE:VVV). In addition, Andreas Halvorsen’s Viking Global held 7.39 million shares of Valvoline Inc (NYSE:VVV)  shares, valued at $258.5 million, making it the company’s most significant stakeholder.

Ave Maria made the following comment about Valvoline Inc. (NYSE:VVV) in its Q3 2022 investor letter:

“Following the divestiture of its Global Products business, Valvoline Inc. (NYSE:VVV) will be a pure play instant oil change business. The remaining business is highly cash generative and earns exceptional returns on invested capital, all while rapidly growing its same-store sales and unit count.”

6. McKesson Corp (NYSE:MCK)

Number of Hedge Fund Holders:60

Percentage of Glenview Capital’s Portfolio:4.99%

McKesson Corp (NYSE:MCK) is a provider of healthcare services in the United States and internationally. It operates under four segments: Pharmaceutical, Prescription Technology Solutions (Rates), Medical-Surgical Solutions, and International. While the company is best known for its tight margins, it has grown revenues for 10 consecutive years. It has also strengthened its footprint by distributing nearly a third of all pharmaceuticals in the US.

McKesson shares are up by more than 9% for the year as the company continues to increase its oncology and biopharma products and services to strengthen its revenue streams. Glenview Capital holds 639,937 shares in McKesson Corp (NYSE:MCK), which is worth over $227.85 million, representing 4.99% of its portfolio.

Hedge funds tracked by Insider Monkey having stakes in McKesson Corp (NYSE:MCK) increased to 60 in Q1, 2023 from 54 in the preceding quarter. These stakes hold a consolidated value of $3.92 billion. Andreas Halvorsen’s Viking Global is a significant shareholder in the company, with 3.21 million shares valued at $1.41 billion.

Mizuho analyst Ann Hynes maintained a ‘Neutral’ rating on McKesson Corp (NYSE:MCK) and increased the firm’s price target from $390 to $427 on July 11.

Larry Robbins has McKesson Corp (NYSE:MCK) in his portfolio, along with Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Uber Technologies, Inc. (NYSE:UBER).

In its first quarter 2023 investor letter, ClearBridge Investments made a comment about McKesson Corporation (NYSE:MCK):

“We also initiated a new position in McKesson Corporation (NYSE:MCK), the leading distributor of pharmaceuticals to retail drug stores, physicians’ offices and hospitals in the U.S. McKesson also has the largest specialty drug and oncology business in the U.S., which is the fastest-growing, highest-margin segment of drug distribution. A stable, cash-flow generative business, the company competes in a stable oligopoly with two other major distributors and, in addition to drug distribution, it is a significant provider of technology and transaction processing to drug stores, commercialization services to drug manufacturers, and basic supplies to physician offices. We expect at least low double-digit earnings growth from a combination of operating earnings, accretive acquisitions and share repurchases.”

Click to continue reading and see Larry Robbins’ Top 5 Stock Picks.

Suggested articles:

Disclosure: None. Larry Robbins Net Worth, Performance and Portfolio is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!