Billionaire Larry Robbins’ Top 10 Stock Picks
In this article, we featured billionaire Larry Robbins' top 10 stock picks. Click here to go ahead and see billionaire Larry Robbins' top 5 stick picks.
Billionaire Larry Robbins, 51, struggled through difficult times when the 13F portfolio of his Glenview Capital Management hedge fund lost $ 22 billion in value over the past five years. The value of the 13F portfolio hit an all-time high of over $ 25 billion in the second quarter of 2015 with its famous Obamacare betting.
The middle-aged billionaire Mr. Robbins was among those hedge fund managers who believe the U.S. healthcare system is likely to change dramatically. The healthcare focused hedge fund's 13F equity portfolio value fell sharply in 2015 and the fund extended the bearish trend through 2016. Glenview Capital Management's equity portfolio rebounded 23.4% in 2017, but 2018 was another tough year for Larry's hedge fund Robbins.
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Larry Robbins Glenview Capital Management's 13F portfolio value was approximately $ 3.18 billion as of the end of the last quarter.
Billionaire Larry Robbins GLENVIEW CAPITAL
Larry Robbins of Glenview Capital
Larry Robbins has worked aggressively on adjustments to the stock portfolio to improve returns. He trimmed his position in 27 stocks in the September quarter and sold off his stake in 6 stocks. The hedge fund only bought 7 stocks last quarter and added 9 existing positions.
Glenview Capital Management was founded in 2000 and aims to achieve absolute returns by focusing on basic research. In an investor letter, Robbins highlighted his investment philosophy as follows:
"We continue to focus on finding 'convertible stocks' with positive value creation options and we continue to encourage our companies to capitalize on this historically low interest rate environment to gain access to long-term, semi-permanent debt and invest in, M&A and reinvest shares buyback. "
In addition to healthcare stocks, billionaire Larry Robbins has also picked just a handful of stocks in technology, finance, communications, consumer discretionary, and materials. These stocks, however, hold a small place in Glenview's portfolio.
While Larry Robbins' reputation remains intact, the same cannot be said for the entire hedge fund industry, as his reputation has been tarnished over the past decade during which his hedged returns did not match the US government's unsecured returns could market indices. On the flip side, Insider Monkeys Research was able to pre-identify a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 78 percentage points since March 2017 (see details here). We were also able to pre-identify a select group of hedge fund holdings that were significantly underperforming the market. We have been tracking and sharing the list of these stocks since February 2017, and they have lost 13% by November 16. For this reason, we believe hedge fund sentiment is an extremely useful indicator to look out for. You can subscribe to our free newsletter on our homepage to receive our articles in your inbox.
First, let's examine billionaire Larry Robbins' top 10 stock picks to see how he adjusted the stock portfolio to outperform market trends. Glenview Capital Management's top ten account for 67% of the total portfolio.
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