Despite Selling Apple Inc. (AAPL) Billionaire David Tepper’s Top Picks Beat the Market

HCA Holdings Inc (NYSE:HCA), one of Obamacare’s beneficiaries rose by some 2.51% during the first quarter. However, the ground that the holding company, which operates 166 hospitals and 113 ambulatory surgery centers, has gained owing to Obamacare is in danger due to the latest King v. Burwell case. If a ruling is made in favour of Obamacare’s challengers in the above court case, this could mean that subsidies dished out through federal healthcare exchanges in 34 states are not legal. This would result in only 16 states who have their own exchanges qualifying for these subsidies, which doesn’t even come close to providing sufficient numbers for Obamacare to be feasible. HCA Holdings Inc (NYSE:HCA) underperformed the healthcare facilities & services industry, which was up by about 11% during the quarter. Among the funds that we track, Larry Robbins’ Glenview Capital had the highest stake with 6.18 million shares valued at $453.45 million.

Tepper’s third largest holding in his fund’s portfolio, Priceline Group Inc (NASDAQ:PCLN) consisted of about 316,900 shares valued at $361.30 million. The online travel company was recently upgraded by Stifel Nicolaus to ‘Buy’ and the new price target was set at $1,400. Both foreign exchange and macroeconomic concerns in Europe have been a sign of caution for investors to tread with care as far as Priceline is concerned. The $60.19 billion travel company acquired the Chicago-based startup Rocketmiles, which offers air miles as booking rewards, earlier this year. Although Priceline didn’t disclose the amount itself, it could be in the vicinity of $20 million, according to the Wall Street Journal. Rocketmiles continues to operate independently. Priceline Group Inc (NASDAQ:PCLN) is also one of the top picks of  Stephen Mandel’s Lone Pine Capital.

Disclosure: None