Alluvium Increases HCA Healthcare (HCA) Holdings After Its 17.5% Selloff

Alluvium Asset Management, an asset management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here . The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block, and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.

In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted HCA Healthcare, Inc. (NYSE: HCA ). HCA Healthcare, Inc. (NYSE:HCA) owns and operates hospitals and related healthcare entities. On September 15, 2026, HCA Healthcare, Inc. (NYSE:HCA) closed at $423.04 per share. HCA Healthcare, Inc. (NYSE:HCA) returned 3.93% over the past month, and its shares are up 5.92% over the past year. HCA Healthcare, Inc. (NYSE:HCA) has a market capitalization of $91.76 billion.

Conventum – Alluvium Global Fund stated the following regarding HCA Healthcare, Inc. (NYSE:HCA) in its Q2 2026 investor letter:

"Our two healthcare companies had a poor quarter (in terms of share price performance, not business fundamentals). HCA Healthcare, Inc. (NYSE:HCA), the hospital operator, fell 17.5%. The share price fell 8.8% immediately following its first quarter results (despite management reaffirming its 2026 guidance). We suspect this is a (over) reaction to poorer than expected respiratory volumes due to a mild flu season. With the shares trading at a discount to our valuation we bought a little more to bring the Fund's position to 6.4%."

HCA Healthcare, Inc. (NYSE:HCA) is not on our list of the 40 Most Popular Stocks Among Hedge Funds . As per our database, 75 hedge fund portfolios held HCA Healthcare, Inc. (NYSE:HCA) at the end of the second quarter which was 70 in the previous quarter. While we acknowledge the potential of HCA Healthcare, Inc. (NYSE:HCA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .