HCA Holdings Inc (NYSE:HCA): Zach Schreiber, Keith Meister, and Stephen DuBois Dumped Their Positions


HCA Holdings Inc (NYSE:HCA) has seen an increase in hedge fund sentiment in recent months. It is also one of 30 most popular stocks among hedge funds. It isn’t all good news though. Zach Schreiber, Keith Meister, and Stephen DuBois are some of respected hedge fund managers who bailed out of HCA Holdings Inc (NYSE:HCA) during the quarter. Should we pay attention to what hedge funds are doing in HCA?

According to most stock holders, hedge funds are viewed as unimportant, outdated investment tools of years past. While there are over 8000 funds trading today, experts at hedge fund tracking site Insider Monkey hone in on the bigwigs of this club, around 700 funds. By keeping track of these hedge funds’ investments, Insider Monkey has developed a few investment strategies that have historically beaten the broader indices. For instance, Insider Monkey’s small-cap hedge fund strategy outclassed the S&P 500 index by 18 percentage points annually for a decade in their back tests. Their research has also shown that the top 30 stocks among hedge funds outperform the market by an average of 2 percentage points per year. So, it may make sense to pay attention to hedge fund moves. Let’s now go over the new action surrounding HCA Holdings Inc (NYSE:HCA).

How are hedge funds trading HCA Holdings Inc (NYSE:HCA)?

Heading into Q4, a total of 90 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 3% from the second quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their holdings substantially.

According to hedge fund experts at Insider Monkey, Glenview Capital, managed by Larry Robbins, holds the number one position in HCA Holdings Inc (NYSE:HCA). Glenview Capital has a $677.7 million position in the stock, comprising 3.5% of its 13F portfolio. On Glenview Capital’s heels is John Paulson of Paulson & Co, with a $428 million position; the fund has 1.8% of its 13F portfolio invested in the stock. Other peers that hold long positions include David Tepper’s Appaloosa Management LP, Samuel Isaly’s OrbiMed Advisors and Lee Ainslie’s Maverick Capital.

As aggregate interest increased, key hedge funds have jumped into HCA Holdings Inc (NYSE:HCA) headfirst. Capital Growth Management, managed by Ken Heebner, assembled the most outsized position in HCA Holdings Inc (NYSE:HCA). Capital Growth Management had 126.6 million invested in the company at the end of the quarter. Andreas Halvorsen’s Viking Global also initiated a $126.6 million position during the quarter. The following funds were also among the new HCA investors: John Armitage’s Egerton Capital Limited, John Brennan’s Sirios Capital Management, and Alok Agrawal’s Bloom Tree Partners.

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