Vanguard Health Care Fund is managed by Edward Owens that has worked in investment management for over 30 years. He has managed the Vanguard Health Care Fund (Trades, Portfolio) since its inception in May 1984. Owens received a B.A. from the University of Virginia and an M.B.A from Harvard Business School.
Owens invests primarily in health care companies (94.6% of Stocks are from that sector). His strategy is characterized by a long-term focus and careful attention to valuations.
The Fund has 89 stocks on its portfolio, with a total value of $42,636 Mil. And Edwards Lifesciences Corp (EW), Walgreens Boots Alliance Inc (WBA), Aetna Inc. (AET), Express Scripts Holding Co. (ESRX) are the top 4 Undervalued companies in Vanguard Health Care Fund’s Portfolio
Edwards Lifesciences Corp (EW)
The company, with a market cap of $15,173 M, is the manufacturer of heart valves and repair products used to replace or repair a patient's diseased or defective heart valve. It is also a global leader in hemodynamic monitoring systems used to measure a patient's cardiovascular function in the hospital setting.
The Fund started to buy this stock on 2013 Q4 and is currently holding 3,402,670 shares (3.16% of outstanding shares) at an average price of $67.63. So far this investment returned a +108%
Over the last year the stock performed a +90%
On the last 5 years the revenue and the book value grew by 13.80% and 12.80% and EBITDA rose by 28.00%.
The stock is currently trading with a P/E (ttm) of 18.90 and is Undervalued based on the Discounted Cash Flow Model that gives a margin of safety of 34%.
Other Gurus holding a large number of shares of EW :
Meridian Funds holds 506,700 shares which is the 0.47% of shares outstanding.
Ron Baron holds 576,836 shares which is the 0.53% of Shares Outstanding.
Jim Simons holds 484,500 shares which is the 0.45% of Shares Outstanding.
Walgreens Boots Alliance Inc (WBA)
The company, with a market cap of $79,680 M, and together with its subsidiaries operates drug-stores chain in the United States. The company provides consumer goods and services, pharmacy and health and wellness services in communities across America. It also offers products and services through drugstores, as well as through mail, telephone, online and mobile application.
The Fund started to buy WBA on 2010 Q2 and is currently holding 7,693,500 shares (0.81% of outstanding shares) at an average price of $48.71. So far this investment returned a +73%
Over the last year the stock performed a +28%
Over the last 5 years the revenue grew by 4.10%, EBITDA by 4.40% and the book value grew by 8.90%.
The stock is currently trading with a P/E (ttm) of 39.60 and is Undervalued based on the Discounted Cash Flow Model that gives a margin of safety of 35%.
Other Gurus holding a large number of shares of WBA :
Andreas Halvorsen holds 18,933,712 shares which is the 2% of Shares Outstanding.
Jana Partners holds 13,750,000 shares that is the 1.45% of Shares Outstanding.
Aetna Inc. (AET)
The company, with a market cap of $37,266 M, and it offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid health care management services, Medicare Advantage and Medicare supplement plans, workers' compensation administrative services and health information technology products and services, such as Accountable Care Solutions.
The Fund started to buy AET on 2010 Q3 and is currently holding 7,119,383 shares (2.04% of outstanding shares) at an average price of $57.93. So far this investment returned a +84%
Over the last year the stock performed a +42%
Over the last 5 years the revenue grew by 16.40%, EBITDA by 14.50% and the book value grew by 13.60%.
The stock is currently trading with a P/E (ttm) of 18.50 and is Undervalued based on the Discounted Cash Flow Model that gives a margin of safety of 35%.
Other Gurus holding a large number of shares of AET :
Larry Robbins holds 3,960,125 shares which is the 1.14% of Shares Outstanding.
Pioneer Investments holds 2,463,870 shares which is the 0.71% of Shares Outstanding.
Express Scripts Holding Co. (ESRX)
The company with a market cap of $61,445 M operates as a pharmacy benefit management in North America. It includes HMOs, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers' compensation plans and government health programs. It helps health benefit providers address access and affordability concerns resulting from rising drug costs while helping to improve healthcare outcomes.
The Fund started to buy ESRX on 2014 Q3 and is currently holding 3,206,500 shares (0.44% of Outstanding Shares) at an average price of $71.24. So far this investment returned a +19%.
Over the last year the stock performed a +12%.
Over the last 5 years the revenue grew by 21.60%, EBITDA by 20.70% and the book value grew by 46.00%.
The stock is currently trading with a P/E (ttm) of 31.60 and is Undervalued based on the Discounted Cash Flow Model that gives a margin of safety of 34%.
Other Gurus holding a large number of shares of ESRX :
Jeremy Grantham holds 24,246,330 shares which is the 3.34% of Shares Outstanding.
Dodge & Cox holds 19,248,979 shares that is the 2.65% of Shares Outstanding.
Chris Davis holds 13,002,699 shares which is the 1.79% of Shares Outstanding.
