Larry Robbins' hedge fund Glenview Capital Management has had a successful decade. Robbins started the fund after leaving Omega Advisors. As previously written about Glenview Capital, one of the hedge fund's favorite holdings is Expedia Inc. (EXPE):
The stock is exceedingly cheap, trading at 8x forward recurring free cash flow and 6x [when] backing out the TripAdvisor stake. We believe that shareholders, management and the board are likely highly aligned to capitalize on opportunities to create value at Expedia.
Expedia's recent announcement of plans to spin-off TripAdvisor support Glenview Capital's investment thesis. The spin-off will likely be a major catalyst for shareholder value.
As such, investors would be wise to consider Glenview Capital's other major holdings. Below are a list of Glenview's favorite holdings with some excerpts from the recent shareholder letter and shares held data from the most recent SEC 13F filing.
Pfizer (PFE)
The blue chip drugmaker is
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