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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Past performance and current analysis do not guarantee future results.
Return on capital measures the return that an investment generates for capital contributors, which indicates how effective a company is in turning capital into profit. US managed care includes the seven largest publicly traded US managed care companies by market capitalization: Centene, Cigna , CVS Health, Elevance Health, Humana, Molina Healthcare and UnitedHealth Group. Return on capital for these companies is computed as a simple average, not weighted by market capitalization.
As of December 31, 2023
Source: Bloomberg and AllianceBernstein (AB)
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
References to specific securities discussed are for illustrative purposes only and are not to be considered recommendations by AllianceBernstein L.P.
Ewa Przybylko is a Research Analyst focused on Healthcare stocks for US Growth Equities and the Global Healthcare Strategy. Prior to joining the team in 2022, she was a generalist research associate for the US Small and SMID Cap Growth Equity portfolios and completed AB's Equity Rotational Associate Program. Przybylko holds a BS in operations research and engineering from Cornell University.
Vinay Thapar is a Senior Vice President and Co-Chief Investment Officer for US Growth Equities and a Portfolio Manager for the Global Healthcare Strategy. He is also a Senior Research Analyst, responsible for covering global healthcare. Before joining the firm in 2011, Thapar spent three years at American Century Investments as a senior investment analyst responsible for healthcare. Prior to that, he worked for eight years at Bear Stearns in the Biotech Equity Research Group, most recently as an associate director. Thapar holds a BA in biology from New York University and is a CFA charterholder. Location: New York
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