LongELVJul 2026
Elevance Health
Pelican Bay believes Elevance is recovering from weakness in the Medicare insurance market as management reprices plans to account for higher medical costs. The company is also…
ELV
Which hedge funds are long ELV?
5 published ideas on Elevance Health across 5 funds — 5 long and 0 short.
Elevance Health hedge fund investment theses
Each stock pitch below comes from a fund manager's own investor letter, not a 13F filing, so it carries the reasoning behind the portfolio position on Elevance Health: the full investment thesis, the risks the manager flagged, the conviction level and the time horizon. Positions may have changed since the letter was written.
Funds with a position view
Long theses
LongELVJun 2026
Elevance Health, Inc.
Elevance Health rallied as margins recovered after a prolonged decline. First Eagle attributes the improvement to declining medical costs, stronger pricing and increased…
LongELVJun 2026
Elevance Health, Inc.
Elevance is part of Eagle's 13% managed-care allocation. The industry combines significant scale advantages with structural growth above the broader economy, but recent cost and…
LongELVJun 2026
Elevance Health, Inc.
Hotchkis & Wiley sees increasing evidence that Elevance's profitability is recovering. Despite the share-price improvement, the company remains valued at a discount to the…
LongELVJun 2026
Elevance Health, Inc.
Sound Shore identified Elevance after the stock sold off on concerns about regulatory risk and weak margins in Medicaid and Medicare. At roughly 13 times earnings with…