UnitedHealth
UNH
3,026 hedge funds and large institutions have $203B invested in UnitedHealth in 2026 Q1 according to their latest regulatory filings, with 190 funds opening new positions, 1,192 increasing their positions, 1,391 reducing their positions, and 399 closing their positions.
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: 3,297 → 3,026 (-271)
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: 78 → 51 (-27)
52% less first-time investments, than exits
New positions opened: 190 | Existing positions closed: 399
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$3.69B |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$3.23B |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$1.55B |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$774M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$625M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$2.87B |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.67B |
| 3 |
Berkshire Hathaway
Omaha,
Nebraska
|
-$1.66B |
| 4 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$852M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$819M |
UNH Hedge Fund Activity: Q1 2026 in Review
3,026 of the 8,140 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 190 opened new positions — a net loss of 209 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.
- 3,026 institutional investors held UnitedHealth (UNH) as of Q1 2026, down from 3,297 in Q4 2025.
- Funds reported $203B of UnitedHealth stock for Q1 2026, down 18% quarter-over-quarter.
- 190 funds opened new UnitedHealth positions in Q1 2026 and 399 closed out, a net change of -209 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.