Redmile Group CI Position
Exited3-Fund ConvergenceRedmile Group exited their position in Cigna Group (CI) in Q2 2024, after holding the stock for 2 quarters.
The position was first reported in Q1 2024 and has been tracked across 2 quarterly 13F filings.
CI is a convergence signal: 3 specialist biotech funds hold this stock, suggesting high institutional conviction.
About Cigna Group
The Cigna Group provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and point solution health services, including pharmacy, benefits management, care delivery and management, and intelligence solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, vision, health advocacy programs, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans to on and off the public exchanges; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. The company also offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. It distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was founded in 1792 and is headquartered in Bloomfield, Connecticut.
Full company profile →Short Interest
2.9%
3.6 days to cover
Redmile Group CI Position History
Frequently Asked Questions
Does Redmile Group own CI?
No. Redmile Group exited their position in Cigna Group (CI) in Q2 2024. They previously held the stock for 2 quarters.
How many hedge funds own CI?
3 specialist biotech hedge funds currently hold CI, including OrbiMed Advisors, Casdin Capital, Deerfield Management. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Redmile Group first buy CI?
Redmile Group's position in CI was first reported in Q1 2024. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Redmile Group's CI position increasing or decreasing?
Redmile Group completely exited their CI position in the most recent quarter.
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