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Elevance Health

1,589 hedge funds and large institutions have $79.7B invested in Elevance Health in 2025 Q2 according to their latest regulatory filings, with 142 funds opening new positions, 598 increasing their positions, 607 reducing their positions, and 188 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more call options, than puts

Call options by funds: $706M | Put options by funds: $495M

0.96% more ownership

Funds ownership: 89.82%90.78% (+0.96%)

1% less repeat investments, than reductions

Existing positions increased: 598 | Existing positions reduced: 607

4% less funds holding

Funds holding: 1,6601,589 (-71)

10% less capital invested

Capital invested by funds: $88.7B → $79.7B (-$9.07B)

24% less first-time investments, than exits

New positions opened: 142 | Existing positions closed: 188

26% less funds holding in top 10

Funds holding in top 10: 4332 (-11)

Holders
1,589
Holders Change
-71
Holders Change %
-4.28%
% of All Funds
20.92%
Holding in Top 10
32
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-25.58%
% of All Funds
0.42%
New
142
Increased
598
Reduced
607
Closed
188
Calls
$706M
Puts
$495M
Net Calls
+$211M
Net Calls Change
-$2.39M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$8.89B +$283M +704,790 +3%
BlackRock
2
BlackRock
New York
$7.94B -$361M -898,312 -4%
State Street
3
State Street
Massachusetts
$4.11B -$31.7M -78,723 -0.7%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$3.14B -$425M -1,057,358 -12%
Capital International Investors
5
Capital International Investors
California
$2.52B +$375M +932,142 +17%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$2.46B +$211M +523,404 +9%
Sanders Capital
7
Sanders Capital
Florida
$2.27B +$464M +1,152,440 +25%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$1.98B -$29.3M -72,833 -1%
Artisan Partners
9
Artisan Partners
Wisconsin
$1.43B +$130M +324,399 +10%
First Eagle Investment Management
10
First Eagle Investment Management
New York
$1.24B -$16.6M -41,215 -1%
Morgan Stanley
11
Morgan Stanley
New York
$1.18B +$26.7M +66,356 +2%
UBS AM
12
UBS AM
Illinois
$1.16B +$122M +303,118 +11%
Norges Bank
13
Norges Bank
Norway
$1.15B -$14.4M -35,733 -1%
OAG
14
Orbis Allan Gray
Bermuda
$1.11B +$2.69M +6,677 +0.2%
Massachusetts Financial Services
15
Massachusetts Financial Services
Massachusetts
$906M -$39.5M -98,218 -4%
Northern Trust
16
Northern Trust
Illinois
$905M -$46.2M -114,929 -5%
Harris Associates
17
Harris Associates
Illinois
$890M +$2.98M +7,406 +0.3%
Baillie Gifford & Co
18
Baillie Gifford & Co
United Kingdom
$870M -$26.6M -66,016 -3%
Bank of America
19
Bank of America
North Carolina
$849M -$8.9M -22,131 -1%
Invesco
20
Invesco
Georgia
$822M -$1.25M -3,104 -0.1%
Manulife (Manufacturers Life Insurance)
21
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$808M +$196M +487,579 +31%
Grantham, Mayo, Van Otterloo & Co (GMO)
22
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$794M -$47.8M -118,881 -6%
N
23
Nuveen
North Carolina
$743M +$37.5M +93,185 +5%
Ameriprise
24
Ameriprise
Minnesota
$730M -$27.2M -67,639 -3%
Legal & General Group
25
Legal & General Group
United Kingdom
$713M +$15.1M +37,550 +2%

ELV Hedge Fund Activity: Q2 2025 in Review

1,589 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Elevance Health (ELV) for Q2 2025, worth a combined $79.7B — down 10% from $88.7B a quarter earlier.

Sellers outnumbered buyers: 188 funds closed out of ELV and 142 opened new positions — a net loss of 46 holders — while 607 trimmed existing stakes and 598 added.

The largest buyer was GQG Partners, opening a new position worth an estimated $589M. The largest seller was EdgePoint Investment Group, exiting entirely with an estimated $563M sold.

  • 1,589 institutional investors held Elevance Health (ELV) as of Q2 2025, down from 1,660 in Q1 2025.
  • Funds reported $79.7B of Elevance Health stock for Q2 2025, down 10% quarter-over-quarter.
  • 142 funds opened new Elevance Health positions in Q2 2025 and 188 closed out, a net change of -46 holders.
  • The largest Elevance Health buyer in Q2 2025 was GQG Partners, an estimated $589M added.
  • The largest Elevance Health seller in Q2 2025 was EdgePoint Investment Group, an estimated $563M sold.

Based on aggregated 13F filings for Q2 2025.