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UnitedHealth
UNH

3,411 hedge funds and large institutions have $437B invested in UnitedHealth in 2023 Q4 according to their latest regulatory filings, with 416 funds opening new positions, 1,422 increasing their positions, 1,238 reducing their positions, and 89 closing their positions.

New
Increased
Maintained
Reduced
Closed

367% more first-time investments, than exits

New positions opened: 416 | Existing positions closed: 89

15% more repeat investments, than reductions

Existing positions increased: 1,422 | Existing positions reduced: 1,238

9% more funds holding

Funds holding: 3,137 → 3,411 (+274)

7% more capital invested

Capital invested by funds: $407B → $437B (+$29.3B)

2.42% more ownership

Funds ownership: 87.26% → 89.69% (+2.4%)

4% more call options, than puts

Call options by funds: $4.6B | Put options by funds: $4.41B

11% less funds holding in top 10

Funds holding in top 10: 407 → 364 (-43)

Holders
3,411
Holders Change
+274
Holders Change %
+8.73%
% of All Funds
49.73%
Holding in Top 10
364
Holding in Top 10 Change
-43
Holding in Top 10 Change %
-10.57%
% of All Funds
5.31%
New
416
Increased
1,422
Reduced
1,238
Closed
89
Calls
$4.6B
Puts
$4.41B
Net Calls
+$188M
Net Calls Change
-$269M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$9.51B
2
Jennison Associates
Jennison Associates
New York
+$638M
3
State Street
State Street
Massachusetts
+$582M
4
California Public Employees Retirement System
California Public Employees Retirement System
California
+$435M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$336M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$941M
2
Viking Global Investors
Viking Global Investors
Connecticut
-$745M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$441M
4
Bank of America
Bank of America
North Carolina
-$429M
5
Sanders Capital
Sanders Capital
Florida
-$423M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$2.95B +$71.7M +134,381 +2%
Sanders Capital
27
Sanders Capital
Florida
$2.61B -$423M -792,748 -14%
Franklin Resources
28
Franklin Resources
California
$2.47B -$108M -202,439 -4%
Invesco
29
Invesco
Georgia
$2.42B +$189M +355,267 +8%
T. Rowe Price Investment Management
30
T. Rowe Price Investment Management
Maryland
$2.23B -$165M -308,795 -7%
Amundi
31
Amundi
France
$2.02B +$267M +500,041 +15%
UBS Group
32
UBS Group
Switzerland
$2.01B +$155M +291,491 +8%
Ameriprise
33
Ameriprise
Minnesota
$1.93B -$35.4M -66,382 -2%
Deutsche Bank
34
Deutsche Bank
Germany
$1.91B +$112M +209,334 +6%
Jennison Associates
35
Jennison Associates
New York
$1.9B +$638M +1,195,352 +49%
Barclays
36
Barclays
United Kingdom
$1.81B -$6.24M -11,696 -0.3%
GQG Partners
37
GQG Partners
Florida
$1.8B +$96.3M +180,511 +6%
Dodge & Cox
38
Dodge & Cox
California
$1.79B -$21.9M -40,998 -1%
American Century Companies
39
American Century Companies
Missouri
$1.7B +$159M +297,283 +10%
California Public Employees Retirement System
40
California Public Employees Retirement System
California
$1.63B +$435M +815,822 +36%
TD Asset Management
41
TD Asset Management
Ontario, Canada
$1.54B +$129M +242,390 +9%
Swiss National Bank
42
Swiss National Bank
Switzerland
$1.52B -$52.3M -98,100 -3%
Fisher Asset Management
43
Fisher Asset Management
Washington
$1.51B +$50.5M +94,760 +3%
Sumitomo Mitsui Trust Group
44
Sumitomo Mitsui Trust Group
Japan
$1.43B -$29.1M -54,621 -2%
Canada Pension Plan Investment Board
45
Canada Pension Plan Investment Board
Ontario, Canada
$1.41B +$112M +210,920 +9%
DZ Bank
46
DZ Bank
Germany
$1.39B -$50.3M -94,372 -3%
CS
47
Credit Suisse
Switzerland
$1.35B -$39.1M -73,349 -3%
Dimensional Fund Advisors
48
Dimensional Fund Advisors
Texas
$1.33B +$8.99M +16,864 +0.7%
Polen Capital Management
49
Polen Capital Management
Florida
$1.28B -$55M -103,060 -4%
HSBC Holdings
50
HSBC Holdings
United Kingdom
$1.25B -$40.9M -76,718 -3%
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UNH Hedge Fund Activity: Q4 2023 in Review

3,411 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in UnitedHealth (UNH) for Q4 2023, worth a combined $437B — up 7.2% from $407B a quarter earlier.

Buyers outnumbered sellers: 416 funds opened new UNH positions and 89 closed out — a net gain of 327 holders — while 1,422 added to existing stakes and 1,238 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $9.51B. The largest seller was Fidelity Investments, cutting an estimated $941M.

  • 3,411 institutional investors held UnitedHealth (UNH) as of Q4 2023, up from 3,137 in Q3 2023.
  • Funds reported $437B of UnitedHealth stock for Q4 2023, up 7.2% quarter-over-quarter.
  • 416 funds opened new UnitedHealth positions in Q4 2023 and 89 closed out, a net change of +327 holders.
  • The largest UnitedHealth buyer in Q4 2023 was Morgan Stanley, an estimated $9.51B added.
  • The largest UnitedHealth seller in Q4 2023 was Fidelity Investments, an estimated $941M sold.

Based on aggregated 13F filings for Q4 2023.