L1 Capital International Trimmed HCA Healthcare (HCA) Following Share Price Appreciation

L1 Capital, an investment management firm, released its “L1 Capital International Fund” (unhedged) third quarter 2025 investor letter. A copy of the letter can be downloaded here. In the September quarter, a few sectors and a few companies dominated the market. The fund returned 2.6% in the September quarter compared to 6.1% for the benchmark (MSCI World Net Total Return Index in AUD). In addition, you can check the fund’s top 5 holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, L1 Capital International Fund highlighted stocks such as HCA Healthcare, Inc. (NYSE:HCA). HCA Healthcare, Inc. (NYSE:HCA) owns and operates hospitals and related healthcare entities. The one-month return for HCA Healthcare, Inc. (NYSE:HCA) was 2.05%, and its shares gained 53.65% over the last 52 weeks. On December 11, 2025, HCA Healthcare, Inc. (NYSE:HCA) stock closed at $482.35 per share, with a market capitalization of $112.867 billion.

L1 Capital International Fund stated the following regarding HCA Healthcare, Inc. (NYSE:HCA) in its third quarter 2025 investor letter:

“We continued to trim our investment in HCA Healthcare, Inc. (NYSE:HCA) the leader in for-profit hospital and outpatient services in the U.S. after strong share price appreciation. While we continue to retain an investment in the company, it is no longer a top 10 Fund holding. At times the market has taken an overly pessimistic view of potential regulatory developments affecting HCA, causing the share price to fall to attractive levels. We have used these windows of opportunity to materially increase our HCA investment in the past. Today, expectations for operating conditions are much more balanced, the HCA share price has increased materially, and our assessment of risk adjusted return potential from the current share price is less favourable.”

Jim Cramer Is Worried About HCA Healthcare, Inc. (HCA) Due To Medicaid Cuts

HCA Healthcare, Inc. (NYSE:HCA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 73 hedge fund portfolios held HCA Healthcare, Inc. (NYSE:HCA) at the end of the third quarter, the same as in the previous quarter. While we acknowledge the risk and potential of HCA Healthcare, Inc. (NYSE:HCA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HCA Healthcare, Inc. (NYSE:HCA) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered HCA Healthcare, Inc. (NYSE:HCA) and shared the list of best blue chip stocks to buy. L1 Capital International Fund sold part of its holdings in HCA Healthcare, Inc. (NYSE:HCA) in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.