undamentalytics Newsletter

UnitedHealth Group: which funds bought and sold

Institutions that bought and sold UnitedHealth Group shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 1,769 institutions that filed 13F reports for both quarters added to or opened positions in UnitedHealth Group, and 1,380 cut or closed them. Together they added a net 25.5M shares, +3.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 15.4M shares (+8.0%); index fund managers were net buyers of 2.6M shares (+1.0%). 478 opened a new position and 140 sold out entirely.

Bought, Q2 2026 1,769 institutions, 478 of them new holders Sold, Q2 2026 1,380 institutions, 140 of them sold out
Net change, all compared +25.5M shares (+3.4%)
Net change, active managers +15.4M shares (+8.0%), 81 bought, 81 sold

Buyers versus sellers

institutions compared, 3,425
Active managers and hedge funds 81 bought · 81 sold · +15.4M
Index fund managers 7 bought · 5 sold · +2.6M
Other institutions 1,681 bought · 1,294 sold · +7.5M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
FMR LLC Active manager +16.0M +132.9% 28.0M $11.6B
Fisher Asset Management, LLC Active manager +3.8M +73.4% 9.1M $3.8B
Blackrock, Inc. Index funds +3.4M +4.6% 76.9M $31.9B
Franklin Resources Inc Active manager +3.0M +52.3% 8.6M $3.6B
Price T Rowe Associates Inc Active manager +2.3M +10.9% 23.2M $9.6B
SG Americas Securities, LLC +2.2M +114.6% 4.2M $1.7B
Capital World Investors Active manager +2.1M +7.6% 29.9M $12.4B
Assenagon Asset Management S.A. +2.0M +343.3% 2.6M $1.1B
Schroder Investment Management Group Active manager +1.9M +306.9% 2.6M $1.1B
Voya Investment Management LLC +1.8M +298.9% 2.4M $1B
Qube Research & Technologies Ltd Hedge fund +1.4M New position 1.4M $584M
Alliancebernstein L.P. Active manager +1.2M +19.0% 7.7M $2.1B
Jpmorgan Chase & Co +1.1M +6.0% 20.2M $8.5B
Ameriprise Financial Inc +1.0M +28.9% 4.5M $1.9B
Ninety One Uk Ltd +1.0M +1090.3% 1.1M $459M
AQR Capital Management LLC Hedge fund +780K +79.8% 1.8M $729M
Healthcare Of Ontario Pension Plan Trust Fund +683K +222.6% 990K $412M
Lord, Abbett & Co. LLC +675K +223.5% 977K $406M
BNP Paribas Financial Markets +622K +20.4% 3.7M $1.5B
Swedbank AB +621K +55.9% 1.7M $720M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Capital Research Global Investors Active manager −6.6M −38.4% 10.5M $4.4B
T. Rowe Price Investment Management, Inc. Active manager −2.8M −80.2% 685K $285M
National Bank Of Canada −2.2M −57.8% 1.6M $671M
Bank Of America Corp −2.0M −16.9% 9.7M $4B
HSBC Holdings PLC −1.7M −30.2% 4.0M $1.7B
Two Sigma Investments, LP Hedge fund −1.5M −88.4% 197K $81.8M
Amundi −1.3M −20.7% 5.1M $2.1B
Susquehanna International Group, LLP −1.3M −40.8% 1.9M $783M
Capital International Investors Active manager −1.2M −13.5% 7.8M $3.2B
Geode Capital Management, LLC Index funds −1.0M −4.5% 21.8M $9B
Charles Schwab Investment Management Inc Index funds −987K −4.7% 19.8M $8.2B
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC −908K −12.2% 6.5M $2.7B
Daiwa Securities Group Inc. −904K −78.6% 246K $102M
Goldman Sachs Group Inc −863K −11.0% 7.0M $2.9B
Vulcan Value Partners, LLC Active manager −845K −92.6% 67K $28M
Veritas Asset Management LLP Active manager −804K −42.7% 1.1M $448M
Renaissance Technologies LLC Hedge fund −791K −68.3% 367K $153M
Quadrature Capital Ltd Hedge fund −777K −82.7% 162K $67.5M
Federated Hermes, Inc. Active manager −774K −69.6% 338K $140M
Hotchkis & Wiley Capital Management LLC Active manager −734K −41.5% 1.0M $430M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Qube Research & Technologies LtdHedge fund 1.4M $584M
Walleye Trading LLC 389K $162M
HRT Financial LP 260K $108M
Locust Wood Capital Advisers, LLCHedge fund 254K $106M
Artemis Investment Management LLPActive manager 213K $88.4M
Meridiem Capital Partners LP 211K $87.7M
Artisan Partners Limited PartnershipActive manager 205K $85.1M
Orbimed Advisors LLC 161K $67M
Polar Capital Holdings PLCActive manager 151K $63M
Orbis Allan Gray LtdActive manager 134K $55.8M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Crake Asset Management LLPHedge fund 153K $41.4M
Greenwoods Asset Management Hong Kong Ltd.Active manager 130K $35.3M
Nan Shan Life Insurance Co., Ltd. 118K $31.8M
Peak6 LLC 112K $30.2M
Formuepleje A/S 108K $29.2M
Appaloosa LPHedge fund 90K $24.4M
Mizuho Markets Americas LLC 75K $20.3M
Leonteq Securities AG 71K $19.2M
Spear Holdings Rsc Ltd 53K $14.3M
Pbcay One Rsc Ltd 53K $14.3M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
3,338
Ten largest holders
44.5%
of 13F-reported shares
Index fund managers
33.6%
of 13F-reported shares
Active managers and hedge funds
26.5%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 81 81 21 11 +15.4M +8.0%
Index fund managers 7 5 0 0 +2.6M +1.0%
Other institutions 1,681 1,294 457 129 +7.5M +2.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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