Investment management firm Artisan Partners has announced the fourth quarter 2023 investor letter for the Artisan Select Equity Fund. You can download a copy of the same here. Compared to the S&P 500 index return of 11.69% in the fourth quarter, Investor class: ARTNX returned 12.84%, Advisor class: APDNX returned 12.92%, and Institutional investor class: APHNX returned 12.88% . Plus, check out the fund's top 5 holdings to find out the best stocks for 2023.
Artisan Select Equity Fund featured stocks such as Elevance Health (NYSE:ELV) in its Q4 2023 Investor Letter. Elevance Health, Inc. (NYSE:ELV) is a health benefits company headquartered in Indianapolis, Indiana. On April 1, 2024, Elevance Health, Inc. (NYSE: ELV) stock closed at $516.00 per share. Elevance Health, Inc. (NYSE:ELV)'s 1-month return is his 3.54% and the company's stock has increased his 8.53% in value over the past 52 weeks. Elevance Health, Inc. (NYSE:ELV) has a market capitalization of $120.057 billion.
Artisan Select Equity Fund says this about Elevance Health, Inc. (NYSE:ELV) in its Q4 2023 Investor Letter:
“Our top seven holdings are American Express (the world's leading premium closed-loop credit card network operator), Samsung Electronics (the world's leading memory semiconductor manufacturer), and Berkshire Hathaway (Warren Buffett's holding company), Elevance Health, Inc. (NYSE:ELV) (a major U.S. health insurance company), Danone (global food and nutrition), Heidelberg Materials (global cement and aggregates), and Alphabet (Worldwide Internet Search) Our top seven companies are certainly not as dominant or profitable as a whole. They are comparable to the Magnificent Seven. It is a highly attractive and attractive business with good growth prospects. Elevance benefits from the continued increase in healthcare spending as society ages, etc.”
A healthcare provider holds an MRI scan of a patient with a traumatic brain injury.
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Elevance Health, Inc. (NYSE:ELV) isn't on the list of 30 most popular stocks among hedge funds. Elevance Health (NYSE:ELV) was held by 83 hedge fund portfolios at the end of the fourth quarter, compared to 83 in the prior quarter, according to our database.
We discussed Elevance Health, Inc. (NYSE:ELV) in a separate article and shared a list of the largest U.S. insurance companies by assets in 2024. Additionally, please see our other investor letters on our Hedge Fund Investor Letters Q4 2023 page. Hedge funds and other major investors.
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Disclosure: None. This article was originally published on Insider Monkey.
