Elevance Health Inc. (ELV): Billionaire Seth Klarman Backs This Health Company

Elevance Health Inc. (NYSE:ELV) is one of the 15 Best Stocks to Buy According to Billionaire Seth Klarman.

Even though Baupost Group has trimmed a stake in Elevance Health Inc. (NYSE:ELV) by 4% during the fourth quarter of 2025, compared to filings for the previous quarter, the holding still represents the fourth-largest position of the fund in the 13F portfolio. It comprises more than 1.2 million shares. Baupost first bought shares in the company at the beginning of 2025. Back then, the stake consisted of 246,000 shares. The fund then proceeded to add to this stake by 150% and 114% in the subsequent quarters. In earnings for the fourth quarter of 2025, Elevance said it was targeting at least $25.50 adjusted EPS for 2026 amid margin recovery and portfolio repositioning.

The value inherent in stocks like Elevance Health Inc. (NYSE:ELV) is not visible to most investors. Klarman, in his book Margin of Safety, outlines his position on value investing very clearly. He says, “there is nothing esoteric about value investing. It is simply the process of determining the value underlying a security and then buying it at a considerable discount from that value. It is really that simple. The greatest challenge is maintaining the requisite patience and discipline to buy only when prices are attractive and to sell when they are not, avoiding the short-term performance frenzy that engulfs most market participants.”

Elevance Health Inc. (NYSE:ELV) operates as a health benefits company in the United States. It offers a variety of health plans and services to individual, employer group risk-based and fee-based, BlueCard, Medicare, Medicaid, and FEP members.

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