Skandia Expands US Portfolio
Skandia Omsesidigt Significantly Expands Holdings in Five Diverse US Companies During First Quarter
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CACI International's stock was discussed with broad market context: it had a market capitalization around $10.34 billion, a price/earnings ratio near 19.32, and a 52-week range of roughly $434.70 to $683.50, with Citi trimming its price target to $519 from $555 in a research note.
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Option Care Health's fundamental metrics highlighted by the article include a market cap around $3.35 billion, a P/E of 16.55, a P/E/G of 1.21, and a beta of 0.65, with Barrington Research lowering its price objective from $42 to $32 while maintaining an outperform rating.
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Acuity (AYI) saw notable competing institutional activity in Q1 beyond Skandia's stake: Sanctuary Advisors increased its position by 59.1% to 1,677 shares; Principal Financial Group raised its stake to 68,028 shares; Chicago Partners Investment Group up 74.2% to 1,665 shares; Arbejdsmarkedets Tillaegspension up 42.9% to 89,573 shares.
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Universal Health Services (UHS) attracted additional interest from several funds beyond Skandia, including Blair William & Co. IL (+4.1%), Northwestern Mutual Wealth Management Co. (+3.3%), Avanza Fonder AB (+6.1%), Resonant Capital Advisors LLC (+1.6%), and Triad Wealth Partners LLC (+3.4%) as part of the quarter's activity.
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Tenet Healthcare (THC) saw a broad set of institutional moves, including Norges Bank opening a new position in the stock during Q4 valued at about $248.5 million, with large increases in holdings by Wellington Management Group, Boston Partners, AQR Capital Management, and AllianceBernstein in preceding quarters.
Swedish insurer Livforsakringsbolaget Skandia Omsesidigt expanded its footprint across U.S. equities in the first quarter, boosting stakes in five companies spanning defense, healthcare, and electronics. The firm's largest single move was raising its position in Universal Health Services to 66,700 shares, valued at roughly $11.93 million — a 9.9% increase. Ticker Report and Watchlist News both reported the activity.
Across all five positions, Skandia added meaningful size in a single quarter. The moves signal a deliberate push into U.S. healthcare and defense stocks as institutional investors adjust holdings for 2025.
Skandia's Five New Bets and Their Dollar Values
Skandia added 9,900 shares of defense contractor CACI International, bringing its stake to a value of about $5.38 million, according to Watchlist News. CACI has a market cap near $10.34 billion and a price-to-earnings ratio of 19.32. Its stock has traded between $434.70 and $683.50 over the past 52 weeks. Citi recently trimmed its price target on CACI from $555 to $519.
On the healthcare side, Skandia lifted its Option Care Health stake by 22.9% to 147,400 shares, worth around $4.01 million. It also pushed its Tenet Healthcare position up 11.4% to 43,050 shares, valued at about $8.12 million. The Acuity electronics stake grew 9.9% to 18,800 shares at roughly $5.26 million, per Ticker Report.
Analysts Cut Targets on Option Care and CACI
Even as Skandia bought in, some Wall Street analysts pulled back their price goals. Barrington Research lowered its target on Option Care Health from $42 to $32, though it kept an outperform rating. Option Care trades at a P/E of 16.55, a price-to-earnings-growth ratio of 1.21, and a beta of 0.65 — meaning it moves less than the broader market, according to Ticker Report.
Citi's cut on CACI from $555 to $519 adds a note of caution to the defense name. Still, Skandia's move to add nearly $5.4 million worth of CACI shares suggests the firm sees long-term value despite near-term analyst concerns.
Other Big Funds Also Piled Into These Same Stocks
Skandia was not alone in buying. For Acuity, Sanctuary Advisors raised its stake by 59.1% to 1,677 shares. Chicago Partners Investment Group jumped 74.2% to 1,665 shares. Arbejdsmarkedets Tillaegspension boosted its holding by 42.9% to 89,573 shares, per Ticker Report.
Universal Health Services drew similar interest. Blair William & Co. added 4.1%, Northwestern Mutual Wealth Management added 3.3%, and Avanza Fonder AB grew its stake by 6.1%. For Tenet Healthcare, Norges Bank opened a brand-new position in Q4 worth about $248.5 million. Wellington Management and Boston Partners also made large moves into Tenet, according to Watchlist News.
Why Healthcare Stocks Are Drawing Institutional Money
Three of Skandia's five buys sit in the healthcare sector: Option Care Health, Universal Health Services, and Tenet Healthcare. Universal Health Services alone is valued at nearly $11.93 million in Skandia's portfolio. These moves reflect a broad institutional trend of rotating into U.S. hospital and home-infusion stocks in early 2025.
Tenet Healthcare saw some of the biggest institutional moves of any name in the group. Beyond Skandia's 11.4% increase, AQR Capital Management and AllianceBernstein also built positions in prior quarters. With Norges Bank's $248.5 million entry in Q4, Tenet has become one of the more closely watched hospital stocks on Wall Street, per Watchlist News.
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