I guess I was not the only one looking at them.
After posting my thoughts on United Healthcare(UNH) and Wellpoint (WLP), I headed over at Gurufocus.com to check out their forum/site and found several gurus loading up on WLP and UNH. First, as posted in the previous post, noted value investor Seth Klarman invested 11% of his portfolio in WellPoint. Now, it looks as if Gurufocus.com is being updated as first quarter holdings come out. Next, Bruce Burkowitz invested 6% of his portfolio also in WellPoint (WLP). Finally,Glenn Greenberg, who runs a very concentrated portfolio invested little less than 3% in UNH. Not bad,again Gurufocus is still updating portfolios and it will be interesting what other gurus jump on board. I guess its trues, great minds think alike. =)
Thanks to Gurufocus.com for the updates
Disclaimer: I own UNH
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I like seeing how the “gurus” picks are completely different than what the media is buzzing about. All last summer the funds managers were guying natural gas when the talking heads said that was dead money. Now, with gas prices going through the roof and TV programs talking constantly about rising oil prices, you see very few new positions in the energy. They don’t follow the momentum- they already had there positions and are enjoying big profits. And while CNBC and others hype up CHK and others, the gurus quiety move to others areas of value, like Healthcare. Watching when the experts enter and exit positions keep me from getting caught in the herd.
Great observation Andrew. Thats is what contrarian-value investing is all about, going against the crowd…waitin for the crowd to realize the bargains,…… and selling to the crowd at a substantially higher price. Years from now, CNBC will start promoting financials and retailers. I promise.