Top 10 Holdings of Engaged Capital

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1. Evolent Health, Inc. (NYSE:EVH)

Engaged Capital’s Equity Stakes: $106.94 Million

 Number of Hedge Fund Holders: 28

Evolent Health, Inc. (NYSE:EVH) is the top holding of Engaged Capital, offering health information services in the Healthcare sector. The company provides specialty care management services in US oncology, cardiology, and musculoskeletal. While the stock was up by 22% in 2023, it has been a big disappointment in 2024, going down by about 40% in the first half of the year.

During the steep pullback, Engaged Capital held 3.26 million shares of Evolent Health, Inc. (NYSE:EVH), valued at approximately $106.94 million, accounting for 17.32% of its portfolio. As of the end of the first quarter, 28 hedge funds tracked by the Insider Monkey database held stakes in Evolent Health, Inc. (NYSE:EVH), down from 29 as of the end of 2023.

There are tremendous investment opportunities and value to unlock by focusing on small cap stocks spread across various sectors  going by  the top 10 holdings of Engaged Capital. However, given that the artificial intelligence arms race is just but starting, there are under-the-radar AI stocks trading at highly discounted valuations that hold greater promise for anyone looking to diversify their portfolio. If you are looking for an AI stock that is more promising than the top activist investment plays, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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