David Tepper Portfolio Holdings: 5 Long-Term Stocks

In this article, we discuss 5 long-term stock picks of David Tepper. If you want to see more stocks in this selection, check out David Tepper Portfolio Holdings: 10 Long-Term Stocks. 

5. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110

Appaloosa’s Holding Period: 6 Years

UnitedHealth Group Incorporated (NYSE:UNH) operates as a diversified healthcare company in the United States. David Tepper has been a long-term position holder in the company, and as of the third quarter of 2022, he owns 150,000 shares of UnitedHealth Group Incorporated (NYSE:UNH) worth $75.75 million, representing 5.56% of the total 13F securities. 

On November 4, UnitedHealth Group Incorporated (NYSE:UNH) declared a quarterly dividend of $1.65 per share, in line with previous. The dividend is distributable on December 13, to shareholders of record on December 5. UnitedHealth Group Incorporated (NYSE:UNH)’s dividend yield on November 22 came in at 1.28%. 

Raymond James analyst John Ransom on November 21 downgraded UnitedHealth Group Incorporated (NYSE:UNH) to Outperform from Strong Buy with a $615 price target. UnitedHealth Group Incorporated (NYSE:UNH) has the biggest Medicare Advantage book in the industry, along with an increasing risk-bearing business in OptumHealth which would be impacted by possible negative outcomes in Medicare Advantage, the analyst wrote in a research note. However, the analyst believes UnitedHealth Group Incorporated (NYSE:UNH)’s diverse set of revenue channels, inorganic growth, and FFS exposure in Optum can help protect them from these problems.

According to Insider Monkey’s data, 110 hedge funds were bullish on UnitedHealth Group Incorporated (NYSE:UNH) at the end of Q3 2022, compared to 91 funds in the prior quarter. Rajiv Jain’s GQG Partners is the leading position holder in the company, with 3.2 million shares worth $1.6 billion. 

In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and United Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“UnitedHealth Group Incorporated (NYSE:UNH) reported solid quarterly results and raised 2022 guidance modestly. Additionally, managed care is another industry that is viewed as defensive in the current environment, which helped support UnitedHealth and its peer group.”