In this article we discuss Viking Global’s top 5 best dividend stock picks. If you want to read our Viking Global head Andreas Halvorsen’s history and performance, go directly to 10 Best Dividend Stocks to Buy According to Billionaire Andreas Halvorsen.
5. UnitedHealth Group Incorporated (NYSE: UNH)
Viking’s stake in UNH consists of 2793665 shares, making it the 9th largest hedge fund shareholder out of the 91 hedge funds invested in the stock. Lone Pine Capital is among the largest shareholders in the stock, with more than 3.2 million shares even after reducing its stake by 20%. UNH has a dividend yield of 1.28%.
There was a notable increase in the number of long positions on UNH held by hedge funds in Q4 2020. 91 hedge funds had a stake in the company during the quarter, which is slightly higher than 89 funds in the previous quarter. Eagle Capital Management is UNH’s largest hedge fund investor with 3.39 million shares valued at roughly $1.2 billion.
Bretton Fund released the following statement about UMH in an investor letter:
“There may be no better example of the strangeness of our healthcare system than the performance of the largest health insurer in the middle of a pandemic that has killed 400,000 Americans. UnitedHealth’s earnings increased 12%, from $15.11/share to $16.88/share, as foregone medical care more than outweighed the costs of coronavirus treatment. Meanwhile, after a year that began with the two major political parties offering vastly different views of the healthcare landscape, from eliminating private health insurance to eliminating Medicaid, we elected a divided government with other priorities and a general tendency to make only marginal changes to the existing ecosystem. UnitedHealth returned 27.1% during our partial year of ownership, and we expect it to have a strong 2021 as employers resume hiring and Medicare Advantage continues to grow in popularity.”