UnitedHealth
UNH
3,177 hedge funds and large institutions have $242B invested in UnitedHealth in 2025 Q2 according to their latest regulatory filings, with 277 funds opening new positions, 1,289 increasing their positions, 1,433 reducing their positions, and 654 closing their positions.
26% more call options, than puts
Call options by funds: $15.3B | Put options by funds: $12.1B
3.46% less ownership
Funds ownership: 88.76% → 85.3% (-3.5%)
10% less repeat investments, than reductions
Existing positions increased: 1,289 | Existing positions reduced: 1,433
12% less funds holding
Funds holding: 3,602 → 3,177 (-425)
43% less capital invested
Capital invested by funds: $425B → $242B (-$184B)
58% less first-time investments, than exits
New positions opened: 277 | Existing positions closed: 654
68% less funds holding in top 10
Funds holding in top 10: 226 → 73 (-153)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Berkshire Hathaway
Omaha,
Nebraska
|
+$1.93B |
| 2 |
Dodge & Cox
San Francisco,
California
|
+$1.81B |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$1.04B |
| 4 |
Eagle Capital Management (New York)
New York
|
+$1.02B |
| 5 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$869M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$5.76B |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.83B |
| 3 |
JP Morgan Chase
New York
|
-$2.41B |
| 4 |
Morgan Stanley
New York
|
-$2.39B |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$1.7B |
UNH Hedge Fund Activity: Q2 2025 in Review
3,177 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in UnitedHealth (UNH) for Q2 2025, worth a combined $242B — down 43% from $425B a quarter earlier.
Sellers outnumbered buyers: 654 funds closed out of UNH and 277 opened new positions — a net loss of 377 holders — while 1,433 trimmed existing stakes and 1,289 added.
The largest buyer was Berkshire Hathaway, opening a new position worth an estimated $1.93B. The largest seller was Capital Research Global Investors, cutting an estimated $5.76B.
- 3,177 institutional investors held UnitedHealth (UNH) as of Q2 2025, down from 3,602 in Q1 2025.
- Funds reported $242B of UnitedHealth stock for Q2 2025, down 43% quarter-over-quarter.
- 277 funds opened new UnitedHealth positions in Q2 2025 and 654 closed out, a net change of -377 holders.
- The largest UnitedHealth buyer in Q2 2025 was Berkshire Hathaway, an estimated $1.93B added.
- The largest UnitedHealth seller in Q2 2025 was Capital Research Global Investors, an estimated $5.76B sold.
Based on aggregated 13F filings for Q2 2025.