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UnitedHealth

3,024 hedge funds and large institutions have $203B invested in UnitedHealth in 2026 Q1 according to their latest regulatory filings, with 189 funds opening new positions, 1,192 increasing their positions, 1,391 reducing their positions, and 399 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more call options, than puts

Call options by funds: $15.6B | Put options by funds: $14.8B

0.6% less ownership

Funds ownership: 83%82.4% (-0.6%)

8% less funds holding

Funds holding: 3,2963,024 (-272)

14% less repeat investments, than reductions

Existing positions increased: 1,192 | Existing positions reduced: 1,391

18% less capital invested

Capital invested by funds: $248B → $203B (-$45.4B)

35% less funds holding in top 10

Funds holding in top 10: 7851 (-27)

53% less first-time investments, than exits

New positions opened: 189 | Existing positions closed: 399

Holders
3,024
Holders Change
-272
Holders Change %
-8.25%
% of All Funds
37.17%
Holding in Top 10
51
Holding in Top 10 Change
-27
Holding in Top 10 Change %
-34.62%
% of All Funds
0.63%
New
189
Increased
1,192
Reduced
1,391
Closed
399
Calls
$15.6B
Puts
$14.8B
Net Calls
+$770M
Net Calls Change
-$2.56B
Name Holding Trade Value Shares
Change
Change in
Stake
AC
326
AltraVue Capital
Washington
$38.3M +$18.8M +63,260 +81%
PFSRSONJ
327
Police & Firemen's Retirement System of New Jersey
New Jersey
$37.9M +$195K +655 +0.5%
VMPIC
328
Varma Mutual Pension Insurance Co
Finland
$37.9M +$2.08M +7,000 +5%
CPSAC
329
Chas P. Smith & Associates (CPS)
Florida
$37.5M +$3.61M +12,136 +10%
TWC
330
TD Waterhouse Canada
Ontario, Canada
$37.5M +$9.88M +33,182 +32%
AssetMark Inc
331
AssetMark Inc
California
$37.4M -$507K -1,703 -1%
SAM
332
SP Asset Management
California
$37.3M +$50.3K +169 +0.1%
TG
333
TCW Group
California
$37M +$10.2M +34,349 +34%
PDM
334
Penn Davis McFarland
Texas
$36.9M -$299K -1,003 -0.7%
HCM
335
Hollencrest Capital Management
California
$36.7M
KAS
336
Kestra Advisory Services
Texas
$36.6M -$1.29M -4,335 -3%
KeyBank National Association
337
KeyBank National Association
Ohio
$36.2M -$1.79M -6,005 -4%
SCP
338
Seizert Capital Partners
Michigan
$36M -$2.97M -9,978 -7%
NIM
339
NEOS Investment Management
Connecticut
$35.8M -$9.23K -31 -0%
CI
340
Conning Inc
Connecticut
$35.3M +$7.82M +26,266 +25%
GAMH
341
Greenwoods Asset Management (HK)
Hong Kong
$35.3M
RIM
342
Rakuten Investment Management
Japan
$35.2M +$4.55M +15,279 +13%
IMPI
343
Ilmarinen Mutual Pension Insurance
Finland
$35M -$8.34M -28,000 -18%
Kovitz Investment Group Partners
344
Kovitz Investment Group Partners
Illinois
$34.6M -$357K -1,200 -0.9%
Allspring Global Investments
345
Allspring Global Investments
North Carolina
$34.3M -$9.63M -32,320 -21%
NYLIM
346
New York Life Investment Management
New York
$34M +$485K +1,628 +1%
AAM
347
Aureus Asset Management
Massachusetts
$34M -$1.29M -4,339 -3%
BCIM
348
British Columbia Investment Management
British Columbia, Canada
$33.8M -$10.7M -35,862 -22%
Cambridge Investment Research Advisors
349
Cambridge Investment Research Advisors
Iowa
$33.8M +$640K +2,150 +2%
IG
350
ING Group
Netherlands
$33.7M +$872K +2,927 +2%

UNH Hedge Fund Activity: Q1 2026 in Review

3,024 of the 8,136 institutional investors tracked by Wall St. Rank reported a position in UnitedHealth (UNH) for Q1 2026, worth a combined $203B — down 18% from $248B a quarter earlier.

Sellers outnumbered buyers: 399 funds closed out of UNH and 189 opened new positions — a net loss of 210 holders — while 1,391 trimmed existing stakes and 1,192 added.

The largest buyer was Charles Schwab, adding an estimated $3.69B. The largest seller was Capital International Investors, cutting an estimated $2.87B.

  • 3,024 institutional investors held UnitedHealth (UNH) as of Q1 2026, down from 3,296 in Q4 2025.
  • Funds reported $203B of UnitedHealth stock for Q1 2026, down 18% quarter-over-quarter.
  • 189 funds opened new UnitedHealth positions in Q1 2026 and 399 closed out, a net change of -210 holders.
  • The largest UnitedHealth buyer in Q1 2026 was Charles Schwab, an estimated $3.69B added.
  • The largest UnitedHealth seller in Q1 2026 was Capital International Investors, an estimated $2.87B sold.

Based on aggregated 13F filings for Q1 2026.