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
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.