Alluvium Increases HCA Healthcare (HCA) Holdings After Its 17.5% Selloff
Conventum - Alluvium Global Fund released its second-quarter 2026 investor letter, highlighting HCA Healthcare, Inc. (NYSE:HCA) among its holdings. HCA Healthcare, a hospital operator, experienced a 17.5% decline in share price during the quarter, dropping 8.8% following its first quarter results despite management reaffirming its 2026 guidance.
The fund suspects this reaction may be an overreaction to a mild flu season impacting respiratory volumes. Despite the decline in HCA Healthcare, the fund purchased additional shares to bring its position to 6.4%. HCA Healthcare is not among the top 40 most popular stocks among hedge funds, with 75 hedge funds holding the stock at the end of Q2 2026, compared to 70 in the previous quarter.
The fund acknowledges HCA's potential but believes AI stocks offer greater upside potential and less downside risk.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
