Billionaire Larry Robbins’ Top 5 Stock Picks

Below are the billionaire Larry Robbins’ top 5 stock picks. To see a comprehensive list click Billionaire Larry Robbins’ Top 10 Stock Picks.

5. HCA Healthcare, Inc. (NYSE: HCA)

Health care services provider HCA Healthcare, Inc. (NYSE: HCA) is the long-running stock holding of Glenview Capital Management stock portfolio. The healthcare-focused hedge fund first initiated a position in 2011. Although the firm has sold 24% of stake in the latest quarter, HCA Healthcare still accounts for 5.94% of the overall portfolio.

The hedge fund has benefited from its HCA stake. This is because HCA Healthcare shares rallied more than 200% in the past ten years.

First Eagle Investment Management recently appreciated HCA business model in the shareholders’ letter. Here is what First Eagle Investment Management stated:

“The largest for-profit acute care hospital system in the US by revenues, HCA is a high-quality company, in our view. During the quarter, the company announced plans to issue new debt for the purpose of redeeming its 2021 paper. The short tenor of this particular bond issue also appeared to help buoy it in a difficult market, as longer HCA paper was much more volatile during the period.”