Here’s Why You Should Pay Attention to Billionaire Larry Robbins’ Stock Picks

Another stock that Glenview is bullish on is HCA Holdings Inc (NYSE:HCA). At the end of 2015, the fund held 14.30 million shares (up by 160% on the quarter) worth $967.15 million. The stock has gained over 18% since the beginning of the year, although in the second half of 2015 it plunged alongside the entire healthcare sector. Nevertheless, the fund is betting on HCA and other hospital fundamentals due to their strong fundamentals and believes that their declines were due to short-term concerns rather than changes in fundamental value. Aside from HCA, other hospital operators in Glenview’s portfolio include Tenet Healthcare Corp (NYSE:THC) and Community Health Systems (NYSE:CYH).

“Companies continue to exhibit strong free cash flow and dry powder (for example, industry leader HCA, who repurchased more than 24% of its shares since its re-IPO in 2011, has more than 50% of its market capitalization in dry powder through 2017). With our hospital holdings trading at 6.5x 2017 EBITDA and approximately 9x 2017 earnings, and the coverage expansion from the ACA now proven and accepted, capital allocation opportunities abound,” Glenview said.

Aside from healthcare, Glenview is also bullish on agricultural inputs producer Monsanto Company (NYSE:MON), which represented its second-largest position containing 14.08 million shares worth $1.39 billion. Among its tech bets is Flextronics International Ltd. (NASDAQ:FLEX), in which it held 55.13 million shares.

Disclosure: none