Sundry Pictures
Billionaire Larry Robbins’ Glenview Capital Administration in Q2 exited Broadcom (NASDAQ:AVGO), after holding a stake within the firm for only one quarter, whereas additionally promoting its place in Meta Platforms (NASDAQ:META) amongst a bunch of different strikes.
Glenview Capital Administration disclosed the data in its newest 13F submitting for the three months ended June 30, 2024, revealed on Wednesday.
After selecting up 20K shares in Broadcom (AVGO) in Q1, the fund bought its holdings within the chipmaker in Q2. Glenview additionally dumped its stake of 109.3K class A shares in Fb-owner Meta (META).
The fund took a number of new positions in Q2, together with the next: 816.5K class A shares in ride-hailing agency Lyft (NASDAQ:LYFT), 354.2K shares in courting firm Match Group (NASDAQ:MTCH), and 233.9K shares in Ticketmaster-parent Reside Nation Leisure (NYSE:LYV).
Strikes in Well being Care Corporations
Glenview was as soon as once more lively throughout its portfolio of well being care corporations in Q2. The fund picked up new positions of 1.43M shares in well being insurer Centene (CNC) and 1.31M shares in Canadian specialty pharmaceutical agency Bausch Well being (BHC).
Glenview massively piled on to its stake in pharmacy operator CVS Well being (CVS) in Q2, to 9.16M shares from 1.70M on the finish of Q1. The fund additionally practically tripled its place in diagnostics agency Precise Sciences (EXAS) to 629.5K shares from 227.6K.
Turning to generic drugmakers, the fund elevated its stake in Viatris (VTRS) by 26.3% to six.49M shares in Q2, and in Teva Pharmaceutical Industries (TEVA) by 22.1% to 9.16M American depositary shares.
cuts throughout the well being care portfolio, Glenview trimmed its stake in managed care participant Elevance Well being (ELV) by 43.4% to 98.6K shares in Q2. The fund additionally decreased its holdings in hospital operators Common Well being Companies (UHS) and Tenet Healthcare (THC) by 42.4% and 26.3%, respectively.
Strikes in Different Corporations
Glenview minimize its stake in tech and retail behemoth Amazon (AMZN) by 13% to 350.4K shares.
The fund additionally diminished positions in chipmaker Marvell Expertise (MRVL) by 37.1% to 862.7K shares in Q2; in agricultural chemical substances and seeds supplier Corteva (CTVA) by 25.3% to five.07M shares; and in journey company Expedia (EXPE) by 2.4% to 599.4K shares.
Conversely, Glenview added on to its stake in ride-hailing big Uber Applied sciences (UBER) by 6.1% to 1.20M shares in Q2.
The fund additionally practically tripled its holdings in automotive rental firm Avis Finances (CAR) to 529.8K shares in Q2 from about 181K on the finish of Q1.
In accordance with Forbes, Larry Robbins’ actual time web value is $2.2B.
