Summary
- We reviewed and maintained our UnitedHealth position through its underwriting crisis, recognizing that management’s mispricing of annually renewable policies could be corrected through swift action.
- Our July exit from Novo Nordisk demonstrates our willingness to move on from positions when competitive dynamics deteriorate.
- We made several strategic additions during market weakness including Fast Retailing, Chipotle, Gartner and Adyen.
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The following segment was excerpted from the Virtus SGA Global Growth Q3 2025 Commentary.
Portfolio Positioning: Key Moves During Adversity
Mispriced Long-Term Growth: UnitedHealth (UNH)
We reviewed and maintained our UnitedHealth position through its underwriting
Select quarterly mutual fund commentaries.
Source: https://seekingalpha.com/article/4841059-virtus-sga-global-growth-q3-2025-portfolio-positioning?source=feed_all_articles
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