#8 The Cigna Group (NYSE:CI)
Number of Hedge Fund Investors: 77
ChatGPT bought Cigna at $280.61, and the stock is down 0.2% since then, according to Rallies data as of Oct. 14. It makes up 12.1% of the portfolio. Cigna sells health insurance and runs a large pharmacy benefit business. It beat estimates in the second quarter and raised its full-year adjusted income guidance. The number of hedge fund investors slipped to 77 from 79 in the first quarter. Regulation of its pharmacy benefits business has weighed on the stock before, according to Parnassus Core Equity Fund. Check the full letter here.
