UnitedHealth Group Inc UNH has transformed from Wall Street darling to crisis headline. Yet ironically, a who's-who of investors doubled down on the stock in Q2 even as volatility reigns.Track UNH stock here.Hedge Funds Loading Up On UNH StockMichael Burry's Scion Asset Management arrived in force with a fresh call option bet and 20,000 UNH shares. This makes UNH nearly 19% of his disclosed holdings.David Tepper's Appaloosa LP sharply boosted its stake by 1,300% to 2.45 million shares (worth ~$764 million). ...

Core Insights - The investment philosophy emphasizes seeking obvious investment opportunities that stand out clearly [1] - The approach has shifted from deep-value investing to focusing on acquiring high-quality businesses for long-term holding [1] - The strategy involves concentrated positions, often initiating investments at 5-10% of the portfolio, with a willingness to let them grow significantly [1] Investment Strategy - The investment style has evolved from a "cigar-butt" approach to a preference for wonderful businesses [1] - The philosophy advocates for holding onto investments without trimming, regardless of their portfolio size [1] - The approach aligns with the idea of nurturing valuable investments while avoiding the temptation to sell off weaker ones [1]

Core Viewpoint - Target Corporation is currently facing challenges in 2025 but remains profitable, indicating a potential turnaround and presenting a deep-value, high-yielding investment opportunity at a generational low price [1] Group 1: Stock Performance and Valuation - Target's stock is trading at $93.01, down 5.21%, with a 52-week range of $87.35 to $167.40 [1] - The stock has a dividend yield of 4.82% and a P/E ratio of 9.86, with a price target of $127.29 [1] - The stock is trading at less than 12 times its current year forecast and approximately 6 times the 2035 outlook, suggesting a potential 300% increase in stock price while still being cheap compared to competitors like Walmart, which trades at 37 times earnings in 2025 [4] Group 2: Technical Analysis - Technical indicators suggest that the market reached its bottom in April and is confirming it in May, marked by a capitulation sell-off and subsequent consolidation [1][2] - A price dip in late May, following Q1 earnings results, was seen as a buying opportunity, with indicators showing that buyers are overtaking sellers at these low prices [2] Group 3: Financial Health - Target reported a negative cash flow in Q1, but the operation remains profitable, with cash reduction linked to debt reduction and increased inventory [7] - The balance sheet shows reduced cash but increased current and total assets, along with an 8% gain in shareholder equity [8] - Leverage remains low at less than 1 times equity, and share buybacks have reduced the count by an average of 1.6% diluted in Q1, with sufficient capital for continued buybacks [9] Group 4: Sales and Growth Prospects - In Q1, Target experienced a 3% contraction in revenue and a 3.8% decline in comparable store sales, but this was offset by growth in digital channels and seasonal sales [10] - The company is establishing an acceleration office to enhance decision-making and strategy implementation [10] - Institutional activity has ramped to multi-year highs, with institutions owning about 75% of the stock, indicating confidence in the stock's recovery [11][12]

Core Insights - White Mountains operates in niche segments of the insurance industry, focusing on providing liquidity to asset management firms through Kudu, travel insurance via PassportCard, and reinsurance that mitigates major catastrophes with Ark [1] Group 1: Business Focus - The company emphasizes deep-value investment strategies, targeting overlooked market areas that are often neglected due to market noise or hype [1] - White Mountains invests across various industries, provided there is a thorough understanding of the business model and identification of a sustainable competitive advantage [1]