Mr. Pink Dan Loeb’s 5 Long-Term Stock Picks

4. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 116

Third Point’s Stake Value: $158,317,650

Third Point’s Holding Period: 2 years 6 months

UnitedHealth Group Incorporated (NYSE:UNH), an American healthcare services provider, has been part of Dan Loeb’s portfolio for two and a half years. In Q1 2023, Loeb had 335,000 shares of UnitedHealth Group Incorporated (NYSE:UNH) worth $158.3 million, representing 2.59% of the total 13F holdings. However, the billionaire slashed his stake by 50% in Q1. 

On July 14, UnitedHealth Group Incorporated (NYSE:UNH) reported a Q2 non-GAAP EPS of $6.14 and a revenue of $92.9 billion, outperforming Wall Street estimates by $0.16 and $1.94 billion, respectively. 

According to Insider Monkey’s first quarter database, 116 hedge funds were bullish on UnitedHealth Group Incorporated (NYSE:UNH), compared to 110 funds in the prior quarter. Rajiv Jain’s GQG Partners is the leading stakeholder of the company, with approximately 4 million shares worth $2.10 billion. 

ClearBridge Large Cap Value Strategy made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its first quarter 2023 investor letter:

“The tech-dominated quarter was a headwind for both defensive and cyclical sectors, with shares of health care holdings such as UnitedHealth Group Incorporated (NYSE:UNH), Elevance (ELV) and Johnson & Johnson (JNJ) declining after a strong 2022.”