Seth Klarman Is Buying ELV
3 months ago
Waterboy Stocks
"ELV: 2nd largest US health insurer trading 9.3x earnings vs historical avg, down 40% after July guidance cut. Seth Klarman bought 616k shares ($240M position, 5.8% of Baupost portfolio). Oligopoly w/ BCBS licenses, 67% KY market share. 30.9% ROE, strong balance sheet. Commercial segment alone worth 16.1x operating income excluding $2B investment income."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Seth Klarman Is Buying ELV
Source:
Waterboy Stocks
Published:
September 13, 2025
Idea Type:
Stock Idea