Theme · live manifest · live theme JSON
Healthcare Short '25: Medicaid Exposed & PBMs
6 tickers · $591.45B total market cap
Group: Healthcare Short
This basket is vulnerable to Trump 2.0 and RFK Jr.'s budget austerity and anti-middleman healthcare agenda, which target Medicaid cost containment, PBM reform, and discretionary payment cuts. With bipartisan scrutiny on PBM pricing structures and the rising popularity of Medicaid work requirements, companies reliant on these models face margin compression, enrollment risk, and long-term structural headwinds.
Healthcare Short '25: Medicaid Exposed & PBMs tracks 6 publicly listed stocks in this theme: CI, CNC, CVS, MOH, PGNY, UNH. See the constituent table for details.
Thesis update: 2025-04-14
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
UnitedHealth Group IncorporatedUNH | 04/21/2026 (BMO) | 04/21/2026 (BMO) | -16.39% | 9.29% | 10.02% | 10.10% | $353.49B | 16.6667 |
CVS Health CorporationCVS | 05/06/2026 (BMO) | 05/06/2026 (BMO) | 1.65% | 8.27% | 4.76% | 7.81% | $120.17B | 16.6667 |
Cigna CorporationCI | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 7.49% | -3.22% | 0.09% | 2.96% | $77.05B | 16.6667 |
Centene CorporationCNC | 04/28/2026 (BMO) | 04/28/2026 (BMO) | -3.66% | 24.09% | 13.10% | 9.58% | $29.21B | 16.6667 |
Molina Healthcare, Inc.MOH | 04/22/2026 (AMC) | 04/22/2026 (AMC) | -25.51% | 15.70% | 16.16% | 5.54% | $9.61B | 16.6667 |
Progyny, Inc.PGNY | 05/07/2026 (AMC) | 05/07/2026 (AMC) | -20.49% | 26.84% | 8.31% | 3.71% | $1.93B | 16.6667 |
| Average | -9.49% | 13.49% | 8.74% | 6.62% | $98.57B | 16.6667 | ||
| Median | -10.02% | 12.49% | 9.16% | 6.67% | $53.13B | 16.6667 | ||
| Std Dev | 12.05% | 10.16% | 5.27% | 2.75% | $121.09B | 0.0% | ||
| Min | -25.51% | -3.22% | 0.09% | 2.96% | $1.93B | 16.6667 | ||
| Max | 7.49% | 26.84% | 16.16% | 10.10% | $353.49B | 16.6667 | ||
| % Positive Tickers | 33.33% | 83.33% | 100.00% | 100.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.