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Amid pandemic, State Farm's biggest healthcare investments up thus far in 2020

Among the largest U.S insurers, State Farm Mutual Automobile Insurance Co. has the biggest healthcare equity portfolio, owning approximately $14.95 billion in healthcare-related stocks as of the end of 2019.

State Farm's biggest position was in Johnson & Johnson, which had a carrying value at $3.95 billion at Dec. 31, 2019, followed by Eli Lilly and Co. at $1.93 billion. The company also owns $1.75 billion in Zoetis Inc. stock and has a $1.67 billion position in pharmaceutical giant Pfizer Inc. In total, healthcare stocks made up 17.20% entire common equity investment portfolio.

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Berkshire Hathaway Inc. was a distant second in this analysis, with a healthcare equity portfolio worth about $1.73 billion as of the end of last year.

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When excluding State Farm's holdings, the most popular healthcare stocks to own were DaVita Inc.. and Johnson & Johnson. Other favorites included Merck & Co. Inc., Pfizer Inc. and AbbVie Inc.

State Farm's biggest holdings, Johnson & Johnson and Eli Lilly, are both higher on the year despite turmoil in the market amid the COVID-19 pandemic. The latter has performed particularly well, climbing more than 17.7% year-to-date through the April 30 close.

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