6. McKesson Corporation (NYSE:MCK)
AQR Capital Management’s Stake Value: $784,246,271
Number of Hedge Fund Holders: 73
McKesson Corporation (NYSE:MCK) is one of billionaire Cliff Asness’ top 10 healthcare stock picks. On June 23, McKesson Corporation (NYSE:MCK) issued a recap of its annual McKesson ideaShare 2026 event and stated that it spotlighted AI-powered solutions for independent pharmacies. The conference was held between June 18 and June 21 at the Colorado Convention Center in Denver, and it brought together nearly 5,000 independent community pharmacy professionals from across the US.
McKesson noted that the event centered on helping independent pharmacies navigate a rapidly shifting healthcare landscape. It added that major themes were the integration of artificial intelligence into pharmacy operations, the expansion of patient care services beyond traditional prescription dispensing, and the growing importance of community-based care as a driver of better health outcomes.
For the first time at ideaShare, McKesson hosted a Product Showcase where attendees could evaluate new tools and vote on the solutions they believed would have the greatest impact on their businesses and patients. The company noted that this shift gave pharmacy owners a more direct role in shaping the products and services offered to them.
Meanwhile, on June 2, McKesson closed a strategic investment deal with funds managed by affiliates of Apollo, in which Apollo acquired a minority stake in McKesson’s Medical-Surgical Solutions (MMS) business. The transaction had been announced about six weeks earlier, on April 20.
According to McKesson, Apollo invested $1.25 billion in convertible preferred equity of MMS in exchange for an approximately 13% minority interest. The transaction valued the MMS business at roughly $13 billion in total enterprise value. McKesson said it retains both operating control and majority ownership of MMS, and will continue to consolidate the unit’s results in its financial reporting.
McKesson Corporation (NYSE:MCK) is a healthcare distribution and services company that distributes pharmaceuticals, medical supplies, and health information technology.
While we acknowledge the potential of MCK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MCK and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the Billionaire Cliff Asness’ Top 5 Healthcare Stock Picks.
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