BOSTON ( TheStreet) -- The $2.5 billion Navellier hedge fund made three big new purchases in the second quarter in disparate industries.It bought $38 million of shares in health insurer UnitedHealth Group (UNH - Get Report), creating a 1.5% portfolio stake, $32 million of preferred shares of beer maker AmBev (ABV), resulting in a 1.3% portfolio stake, and $31 million of the shares of cigarette maker Reynolds American (RAI - Get Report), making it a 1.3% portfolio position.
Navellier Makes Three Big New Bets
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.