United Therapeutics Corp: which funds bought and sold

Institutions that bought and sold United Therapeutics 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, 410 institutions that filed 13F reports for both quarters added to or opened positions in United Therapeutics, and 396 cut or closed them. Together they sold a net 354K shares, −0.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 486K shares (−3.6%); index fund managers were net sellers of 426K shares (−3.1%). 95 opened a new position and 68 sold out entirely.

Bought, Q2 2026 410 institutions, 95 of them new holders Sold, Q2 2026 396 institutions, 68 of them sold out

Net change, all compared −354K shares (−0.9%)

Net change, active managers −486K shares (−3.6%), 45 bought, 35 sold

Buyers versus sellers

institutions compared, 928

410 bought 122 396 sold

Active managers and hedge funds 45 bought · 35 sold · −486K

Index fund managers 2 bought · 10 sold · −426K

Other institutions 363 bought · 351 sold · +558K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Vestal Point Capital, LP Hedge fund	+360K +480.0%	435K	$236M
Jane Street Group, LLC	+283K +10263.4%	286K	$155M
Millennium Management LLC Hedge fund	+256K +166.7%	409K	$222M
Bellevue Group AG	+186K +8976.3%	189K	$102M
Avoro Capital Advisors LLC Hedge fund	+148K +5.6%	2.8M	$1.5B
Deep Track Capital, LP Hedge fund	+124K New position	124K	$67M
Assenagon Asset Management S.A.	+122K +258.3%	169K	$91.6M
Qube Research & Technologies Ltd Hedge fund	+110K +89.3%	234K	$127M
Arrowstreet Capital, Limited Partnership Hedge fund	+84K New position	84K	$45.4M
Australiansuper Pty Ltd	+76K +554.4%	90K	$48.5M
Amundi	+71K +48.4%	219K	$119M
SG Americas Securities, LLC	+67K +288.9%	90K	$48.7M
TD Asset Management Inc	+64K +61.3%	169K	$91.4M
Franklin Resources Inc Active manager	+62K +22.4%	340K	$184M
Susquehanna International Group, LLP	+59K +198.3%	89K	$48M
Man Group PLC Hedge fund	+57K +74.1%	135K	$73.1M
Worldquant Millennium Advisors LLC Hedge fund	+54K New position	54K	$29.5M
State Street Corp Index funds	+54K +2.9%	1.9M	$1B
Axiom Investors LLC Active manager	+54K +6662.4%	54K	$29.5M
Point72 Asset Management, L.P. Hedge fund	+52K +34.7%	201K	$109M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Vestal Point Capital, LP Hedge fund	+360K +480.0%	435K	$236M
Millennium Management LLC Hedge fund	+256K +166.7%	409K	$222M
Avoro Capital Advisors LLC Hedge fund	+148K +5.6%	2.8M	$1.5B
Deep Track Capital, LP Hedge fund	+124K New position	124K	$67M
Qube Research & Technologies Ltd Hedge fund	+110K +89.3%	234K	$127M
Arrowstreet Capital, Limited Partnership Hedge fund	+84K New position	84K	$45.4M
Franklin Resources Inc Active manager	+62K +22.4%	340K	$184M
Man Group PLC Hedge fund	+57K +74.1%	135K	$73.1M
Worldquant Millennium Advisors LLC Hedge fund	+54K New position	54K	$29.5M
Axiom Investors LLC Active manager	+54K +6662.4%	54K	$29.5M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Wellington Management Group LLP Active manager	−885K −39.1%	1.4M	$747M
AQR Capital Management LLC Hedge fund	−280K −33.9%	546K	$295M
Geode Capital Management, LLC Index funds	−236K −19.2%	997K	$539M
Price T Rowe Associates Inc Active manager	−162K −40.0%	243K	$132M
Invesco Ltd.	−135K −22.2%	473K	$256M
LSV Asset Management Active manager	−130K −32.7%	268K	$145M
Blackrock, Inc. Index funds	−105K −1.9%	5.3M	$2.9B
D. E. Shaw & Co., Inc. Hedge fund	−99K Sold out	0	—
Pacer Advisors, Inc.	−88K −36.2%	155K	$84.2M
Vanguard Portfolio Management LLC Index funds	−84K −4.2%	1.9M	$1B
Sofinnova Investments, Inc.	−84K −52.2%	76K	$41.4M
Logos Global Management LP Hedge fund	−80K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−78K −4.4%	1.7M	$926M
Caption Management, LLC	−65K −87.5%	9,333	$5.1M
Fuller & Thaler Asset Management, Inc.	−60K −21.3%	221K	$120M
Caisse De Depot Et Placement Du Quebec	−59K −17.1%	285K	$154M
Citadel Advisors LLC Hedge fund	−56K −15.5%	305K	$165M
FMR LLC Active manager	−55K −10.4%	473K	$257M
Wedge Capital Management L L P Active manager	−55K Sold out	0	—
Allspring Global Investments Holdings, LLC	−50K −34.0%	97K	$52.9M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Wellington Management Group LLP Active manager	−885K −39.1%	1.4M	$747M
AQR Capital Management LLC Hedge fund	−280K −33.9%	546K	$295M
Price T Rowe Associates Inc Active manager	−162K −40.0%	243K	$132M
LSV Asset Management Active manager	−130K −32.7%	268K	$145M
D. E. Shaw & Co., Inc. Hedge fund	−99K Sold out	0	—
Logos Global Management LP Hedge fund	−80K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−78K −4.4%	1.7M	$926M
Citadel Advisors LLC Hedge fund	−56K −15.5%	305K	$165M
FMR LLC Active manager	−55K −10.4%	473K	$257M
Wedge Capital Management L L P Active manager	−55K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Deep Track Capital, LPHedge fund	124K	$67M
Arrowstreet Capital, Limited PartnershipHedge fund	84K	$45.4M
Worldquant Millennium Advisors LLCHedge fund	54K	$29.5M
Squarepoint Ops LLCHedge fund	49K	$26.4M
Pfa Pension, Forsikringsaktieselskab	43K	$23.1M
Patient Square Capital LP	37K	$20.1M
Distillate Capital Partners LLC	27K	$14.6M
Life Cycle Investment Partners Ltd	20K	$11M
ING Groep NV	19K	$10.2M
Y-Intercept (Hong Kong) Ltd	14K	$7.7M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
D. E. Shaw & Co., Inc.Hedge fund	99K	$58.8M
Logos Global Management LPHedge fund	80K	$47.4M
Wedge Capital Management L L PActive manager	55K	$32.4M
Atika Capital Management LLC	12K	$7.3M
Resolute Capital Asset Partners LLC	10K	$5.9M
Illumine Investment Management, LLC	7,735	$4.6M
Abn Amro Bank N.V.	7,444	$4.4M
1832 Asset Management L.P.	6,844	$4.1M
Cinctive Capital Management LPHedge fund	6,515	$3.9M
Algert Global LLCHedge fund	6,160	$3.7M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 872
Ten largest holders: 46.5%
Index fund managers: 31.5%
Active managers and hedge funds: 30.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	45	35	16	8	−486K	−3.6%
Index fund managers	2	10	0	0	−426K	−3.1%
Other institutions	363	351	79	60	+558K	+4.1%

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.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on United Therapeutics.

Only managers that filed a holdings report for both quarters are compared (928 here). 26 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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