Renaissance Funding Administration, an funding administration firm, launched its “Giant Cap Development Technique” third quarter investor letter. A replica of the identical will be downloaded right here. Within the third quarter, the technique returned -3.46% (web) in comparison with a -3.60% return for the Russell 1000 Development Index and -4.88% return for the S&P 500 Index. The deal with high-quality shares led the technique to outperform the indexes within the quarter. The Client Discretionary sector considerably contributed to the technique’s efficiency whereas the Expertise sector detracted from the efficiency. As well as, please examine the fund’s high 5 holdings to know its greatest picks in 2022.
Renaissance Funding highlighted shares like Humana Inc. (NYSE:HUM) within the third quarter 2022 investor letter. Headquartered in Louisville, Kentucky, Humana Inc. (NYSE:HUM) is an American well being and well-being firm. On December 27, 2022, Humana Inc. (NYSE:HUM) inventory closed at $514.38 per share. One-month return of Humana Inc. (NYSE:HUM) was -6.46% and its shares gained 9.67% of their worth during the last 52 weeks. Humana Inc. (NYSE:HUM) has a market capitalization of $65.121 billion.
Renaissance Funding made the next remark about Humana Inc. (NYSE:HUM) in its Q3 2022 investor letter:
“In September, We added a brand new place within the Well being Care sector with Humana Inc. (NYSE:HUM), one of many largest managed care suppliers within the U.S. with a deal with medical insurance coverage for the Medicare Benefit market. We imagine Humana is poised to see a reacceleration in Medicare Benefit membership development after making giant investments in its program advantages earlier this yr. As well as, we just like the demographic tailwinds for the whole Medicare Benefit market, as the following 4 years ought to present the best variety of child boomers but qualifying for Medicare advantages.”
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Humana Inc. (NYSE:HUM) will not be on our listing of 30 Most Fashionable Shares Amongst Hedge Funds. As per our database, 76 hedge fund portfolios held Humana Inc. (NYSE:HUM) on the finish of the third quarter, which was 69 within the earlier quarter.
We mentioned Humana Inc. (NYSE:HUM) in one other article and shared Jim Cramer’s inventory picks within the third week of December. As well as, please try our hedge fund investor letters Q3 2022 web page for extra investor letters from hedge funds and different main traders.
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Disclosure: None. This text is initially revealed at Insider Monkey.