Alluvium Raised Its McKesson (MCK) Stake as Long-Term Growth Expectations Remain Strong

Alluvium Asset Management released its second-quarter 2026 investor letter, highlighting their McKesson Corporation (NYSE:MCK) stake. The McKesson Corporation, a leading healthcare services company based in Irving, Texas, closed at $899.56 per share on September 15, 2026. Over the past month, McKesson Corporation's shares returned 5.37% and gained 29.95% over the past 52 weeks.

The fund's Q2 2026 investor letter states that McKesson Corporation's full-year results were in line with expectations, and management provided strong guidance for next year's earnings, expecting long-term growth of 13%-16%. Despite the mixed portfolio results, Alluvium Asset Management increased their McKesson Corporation stake to 6.8% of the Fund, as its share price was trading below the valuation increased by 18% after applying their model.