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Investment management firm Diamond Hill Capital has announced its 2023 Q4 Investor Letter “Select Strategies”. You can download a copy of the same here. In the fourth quarter, the portfolio significantly outperformed the Russell 3000 Index, further extending its calendar year outperformance. The strategy returned 18.06% (net) in the fourth quarter, compared to the index’s return of 12.07%. For the calendar year, the strategy returned 30.60%, while the index returned 25.96%. Additionally, you can check out the fund’s top five holdings to learn about the best stocks for 2023.
Diamond Hill Select Strategy featured stocks like HCA Healthcare (NYSE:HCA) in its Q4 2023 Investor Letter. HCA Healthcare, Inc. (NYSE:HCA) is a healthcare services provider headquartered in Nashville, Tennessee. On March 12, 2024, HCA Healthcare, Inc. (NYSE:HCA) stock closed at $323.55 per share. His 1-month return for HCA Healthcare, Inc. (NYSE:HCA) is his 6.24%, and the company’s stock has increased his 29.06% in value over the past 52 weeks. HCA Healthcare, Inc. (NYSE:HCA) has a market capitalization of $85,579 million.
Diamond Hill Select Strategy said the following about HCA Healthcare, Inc. (NYSE:HCA) in its Q4 2023 investor letter:
“In addition to Diamondback Energy, we have also initiated a position in Coherent; HCA Healthcare Co., Ltd. (NYSE:HCA) Q4. HCA Healthcare is a best-in-class operator of acute care hospitals and other medical facilities, including ambulatory surgery centers. The company has an advantage in highly attractive regions with growing populations and low unemployment rates, such as Texas and Florida. Management also has a strong track record of effectively deploying capital. Shares came under pressure in the quarter as investors weighed the potential efficacy of glucagon-like peptide-1 agonists (GLP-1) in treating type 2 diabetes, which led to HCA Healthcare’s There is a possibility that the demand for However, we were confident in the company’s long-term prospects, so we took advantage of the attractive price to initiate a position. ”
A team of medical professionals wearing white coats and masks are meeting in a hospital ward.
HCA Healthcare, Inc. (NYSE:HCA) isn’t on the list of 30 most popular stocks among hedge funds. At the end of the fourth quarter, HCA Healthcare (NYSE:HCA) had a hedge fund portfolio held in 72 companies, compared to 71 in the previous quarter, according to our database.
We discussed HCA Healthcare, Inc. (NYSE:HCA) in a separate article and shared a list of the best large-cap stocks to buy in 2024. Additionally, please visit our Hedge Fund Investor Letters Q4 2023 page for more information on the Investor Letters from Hedge. Funds and other major investors.
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Disclosure: None. This article was originally published on Insider Monkey.
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