TEVA – top hedge fund buy

I first found out about TEVA looking at the 13F of investing god Stanley Druckenmiller, who purchased a +$300M position (roughly 7-8% of his portfolio). When I looked into other buyers other top hedge funds like Viking, Glenview, and Pointstate have all made massive purchases in the past couple quarters. (Source: https://hedgefollow.com/stocks/TEVA).

TLDR: Top, top hedge funds with more research access that we'll ever have are loading up on TEVA.

TEVA's strategy is simple, and it's working (up 21% this year). They're focussing on the following things:

1. Shifting to higher-value new medicines instead of relying mostly on generics.
2. Launching promising new drugs with big sales potential (like Uzedy).
3. Using steady generics cashflow wisely to fund innovation and cut debt.

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disclosure: I own a lot