ELEVANCE HEALTH INC ELV
COM · Common Stock · CUSIP 036752103 · ISIN US0367521038
American healthcare company
- SectorHealth care
- IndustryHospital & Medical Service Plans
- HeadquartersIndianapolis, IN
- Founded1940
- Websiteelevancehealth.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($386.3m this quarter). Holder counts are more reliable. Shares outstanding: 216.9m as of 2026-07-10, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $385.42. Options: 38 managers hold calls ($544.2m notional), 35 hold puts ($475.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,449 |
| Q4 2022 | 1,547 |
| Q1 2023 | 1,518 |
| Q2 2023 | 1,526 |
| Q3 2023 | 1,530 |
| Q4 2023 | 1,660 |
| Q1 2024 | 1,671 |
| Q2 2024 | 1,712 |
| Q3 2024 | 1,701 |
| Q4 2024 | 1,604 |
| Q1 2025 | 1,665 |
| Q2 2025 | 1,594 |
| Q3 2025 | 1,511 |
| Q4 2025 | 1,554 |
| Q1 2026 | 1,471 |
| Q2 2026 | 1,607 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 795 | 730 |
| Q4 2024 | 574 | 1,021 |
| Q1 2025 | 850 | 672 |
| Q2 2025 | 721 | 791 |
| Q3 2025 | 681 | 829 |
| Q4 2025 | 630 | 763 |
| Q1 2026 | 607 | 855 |
| Q2 2026 | 837 | 646 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $984.9m | $865.7m | 0.88 |
| Q4 2025 | $826.4m | $551.1m | 0.67 |
| Q1 2026 | $549.8m | $290.6m | 0.53 |
| Q2 2026 | $544.2m | $475.2m | 0.87 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +4.2m |
| CITIGROUP INC | Added | +1.9m |
| FMR LLC | Added | +1.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +985.0k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +940.9k |
| ACR Alpine Capital Research, LLC | New | +737.9k |
| SG Americas Securities, LLC | Added | +575.5k |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | Added | +549.2k |
| GOLDMAN SACHS GROUP INC | Added | +529.4k |
| Qube Research & Technologies Ltd | Added | +527.5k |
Biggest sellers
| Amundi | Reduced | -1.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -912.5k |
| BlackRock, Inc. | Reduced | -896.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -731.6k |
| CITADEL ADVISORS LLC | Reduced | -655.8k |
| Invesco Ltd. | Reduced | -583.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -549.9k |
| Artisan Partners Limited Partnership | Reduced | -546.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -453.1k |
| BARCLAYS PLC | Reduced | -415.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $107.9m279.0k shares |
| JANE STREET GROUP, LLC | Added | $87.1m225.3k shares |
| IMC-Chicago, LLC | Reduced | $83.1m215.0k shares |
| CITADEL ADVISORS LLC | Reduced | $69.1m178.6k shares |
| GROUP ONE TRADING LLC | Reduced | $32.3m83.5k shares |
| Point72 Asset Management, L.P. | Added | $23.7m61.3k shares |
| Alphadyne Asset Management LP | New | $21.0m54.3k shares |
| JPMORGAN CHASE & CO | Unchanged | $9.7m25.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.7m25.0k shares |
| UBS Group AG | Added | $8.8m22.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $121.4m314.0k shares |
| CITADEL ADVISORS LLC | Added | $77.2m199.5k shares |
| JANE STREET GROUP, LLC | Added | $57.2m147.8k shares |
| IMC-Chicago, LLC | Added | $51.7m133.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $32.6m84.3k shares |
| Alphadyne Asset Management LP | New | $23.8m61.5k shares |
| GROUP ONE TRADING LLC | Added | $20.5m53.0k shares |
| CITIGROUP INC | Added | $10.4m27.0k shares |
| UBS Group AG | Reduced | $9.5m24.6k shares |
| Squarepoint Ops LLC | Reduced | $8.3m21.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $3.2m | — |
| Q1 2025 | 0 | — | 2 | $1.6m | — |
| Q2 2025 | 0 | — | 1 | $1.9m | — |
| Q3 2025 | 2 | $2.8m | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $869.5k | 2 | $918.1k | — |
| Q2 2026 | 0 | — | 2 | $826.6k | — |
| Q3 2026 | 2 | $1.4m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-17 | BOUDREAUX GAIL President and CEO, director | Bought | $1.0m2.7k shares |
| 2026-07-17 | PERU RAMIRO G Director | Bought | $366.1k1.0k shares |
| 2026-06-12 | Penczek Ronald W CAO & Controller | Sold | $148.8k369 shares |
| 2026-06-11 | Dixon Robert L JR Director | Sold | $60.7k151 shares |
| 2026-05-19 | Penczek Ronald W CAO & Controller | Sold | $617.2k1.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.11% of their portfolio | 19.0m $7.3bn | Reduced -896.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 14.1m $5.4bn | Reduced -287.3k |
| STATE STREET CORP 0.12% of their portfolio | 10.4m $4.0bn | Added +137.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.61% of their portfolio | 9.2m $3.6bn | Added +985.0k |
| First Eagle Investment Management, LLC 2.68% of their portfolio | 8.4m $3.2bn | Added +4.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.11% of their portfolio | 6.2m $2.4bn | Reduced -141.7k |
| Sanders Capital, LLC 2.26% of their portfolio | 5.8m $2.3bn | Reduced -69.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 5.2m $2.0bn | Reduced -26.6k |
| HARRIS ASSOCIATES L P 2.53% of their portfolio | 4.9m $1.9bn | Added +128.0k |
| Artisan Partners Limited Partnership 2.89% of their portfolio | 4.6m $1.8bn | Reduced -546.0k |
| Invesco Ltd. 0.13% of their portfolio | 4.2m $1.6bn | Reduced -583.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio | 4.0m $1.6bn | Reduced -731.6k |
| NORGES BANK 0.15% of their portfolio | 4.0m $1.5bn | Not comparable |
| Bank of New York Mellon Corp 0.20% of their portfolio | 3.2m $1.2bn | Added +377.5k |
| FMR LLC 0.05% of their portfolio | 3.1m $1.2bn | Added +1.2m |
| MORGAN STANLEY 0.05% of their portfolio | 2.6m $1.0bn | Reduced -23.3k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 2.1m $817.9m | Reduced -43.0k |
| CITIGROUP INC 0.38% of their portfolio | 2.1m $810.9m | Added +1.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.15% of their portfolio | 2.1m $798.8m | Reduced -453.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 2.27% of their portfolio | 2.0m $779.7m | Reduced -175.4k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 2.0m $775.6m | Added +529.4k |
| Nuveen, LLC 0.18% of their portfolio | 2.0m $769.5m | Added +29.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.24% of their portfolio | 1.9m $749.4m | Reduced -300.2k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 1.8m $698.5m | Reduced -912.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 1.8m $697.5m | Added +33.2k |
| Legal & General Group Plc 0.14% of their portfolio | 1.8m $688.5m | Reduced -102.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.47% of their portfolio | 1.7m $654.2m | Reduced -246.6k |
| Amundi 0.15% of their portfolio | 1.6m $636.0m | Reduced -1.0m |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 1.6m $601.1m | Reduced -91.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.46% of their portfolio | 1.5m $591.1m | Reduced -549.9k |
| EAGLE CAPITAL MANAGEMENT LLC 1.76% of their portfolio | 1.5m $576.8m | Reduced -57.2k |
| SG Americas Securities, LLC 0.30% of their portfolio | 1.4m $530.6m | Added +575.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.23% of their portfolio | 1.3m $511.7m | Added +97.4k |
| BAUPOST GROUP LLC/MA 9.11% of their portfolio | 1.3m $493.1m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.10% of their portfolio | 1.2m $461.5m | Reduced -49.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.53% of their portfolio | 1.2m $445.6m | Added +940.9k |
| BAILLIE GIFFORD & CO 0.38% of their portfolio | 1.1m $418.9m | Reduced -89.6k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 997.2k $386.9m | Reduced -72.7k |
| Ruane, Cunniff & Goldfarb L.P. 5.89% of their portfolio | 979.6k $378.8m | Reduced -408.4k |
| Brave Warrior Advisors, LLC 8.23% of their portfolio | 976.9k $377.8m | Reduced -145.4k |
| Newport Trust Company, LLC 0.89% of their portfolio | 954.9k $369.3m | Reduced -30.3k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 943.1k $364.7m | Added +19.6k |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 933.0k $360.8m | Added +111.4k |
| 1832 Asset Management L.P. 0.44% of their portfolio | 918.2k $355.1m | Added +144.1k |
| CITADEL ADVISORS LLC 0.20% of their portfolio | 906.4k $350.5m | Reduced -655.8k |
| Capital International Investors 0.06% of their portfolio | 751.8k $290.7m | Reduced -299.1k |
| UBS Group AG 0.05% of their portfolio | 739.8k $286.1m | Added +4.7k |
| ACR Alpine Capital Research, LLC 4.05% of their portfolio | 737.9k $285.4m | New |
| MILLENNIUM MANAGEMENT LLC 0.19% of their portfolio | 727.6k $281.4m | Reduced -191.6k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 694.9k $268.8m | Added +199.6k |
| High Ground Investment Management LLP 23.09% of their portfolio | 679.9k $262.9m | Added +335.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 676.3k $261.5m | Added +420.7k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 654.2k $191.5m | Reduced -18.4k |
| Qube Research & Technologies Ltd 0.28% of their portfolio | 640.2k $247.6m | Added +527.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio | 621.3k $240.3m | Added +357.0k |
| Swiss National Bank 0.13% of their portfolio | 619.6k $239.6m | Reduced -32.6k |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 1.03% of their portfolio | 614.2k $237.5m | Added +549.2k |
| Assenagon Asset Management S.A. 0.15% of their portfolio | 598.7k $231.6m | Added +484.0k |
| National Pension Service 0.15% of their portfolio | 589.7k $228.1m | Reduced -2.8k |
| Beutel, Goodman & Co Ltd. 1.65% of their portfolio | 578.5k $223.7m | Reduced -308.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.13% of their portfolio | 571.3k $221.0m | Reduced -31.6k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 555.3k $214.9m | Added +96.5k |
| BROWN ADVISORY INC 0.32% of their portfolio | 532.9k $206.1m | Reduced -7.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 532.4k $205.9m | Added +28.8k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 522.9k $202.5m | Added +11.8k |
| Allianz Asset Management GmbH 0.16% of their portfolio | 517.2k $151.9m | Reduced -18.7k |
| Ninety One UK Ltd 0.44% of their portfolio | 508.3k $196.6m | Added +3.4k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 490.0k $189.5m | Reduced -166.3k |
| Vanguard Global Advisers, LLC 0.09% of their portfolio | 474.9k $183.7m | Reduced -25.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 468.1k $181.0m | Added +28.6k |
| Focused Investors LLC 6.03% of their portfolio | 461.6k $178.5m | Reduced -48.2k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.53% of their portfolio | 452.6k $175.0m | Added +45.5k |
| DAVENPORT & Co LLC 0.87% of their portfolio | 441.9k $171.1m | Reduced -132.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.11% of their portfolio | 432.2k $167.1m | Reduced -14.0k |
| Veritas Asset Management LLP 2.98% of their portfolio | 428.7k $165.8m | Reduced -206.7k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 426.2k $164.4m | Added +108.1k |
| BARCLAYS PLC 0.05% of their portfolio | 423.6k $163.8m | Reduced -415.3k |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 418.4k $161.8m | Reduced -20.3k |
| FIL Ltd 0.12% of their portfolio | 416.3k $161.0m | Reduced -3.4k |
| California Public Employees Retirement System 0.09% of their portfolio | 407.5k $157.6m | Added +91.4k |
| Jupiter Topco LLC 0.06% of their portfolio | 394.5k $152.6m | First filing |
| CIBC Bancorp USA Inc. 0.18% of their portfolio | 381.2k $147.4m | Reduced -81.2k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 377.9k $146.2m | Added +97.0k |
| MANNING & NAPIER ADVISORS LLC 1.83% of their portfolio | 367.3k $142.5m | Reduced -107.9k |
| Canoe Financial LP 1.74% of their portfolio | 363.5k $140.6m | Reduced -3.8k |
| CANADA LIFE ASSURANCE Co 0.21% of their portfolio | 343.5k $132.6m | Reduced -27.8k |
| DekaBank Deutsche Girozentrale 0.17% of their portfolio | 343.3k $99.4m | Unchanged |
| YACKTMAN ASSET MANAGEMENT LP 1.63% of their portfolio | 340.0k $131.5m | Added +5.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 320.7k $124.0m | Reduced -10.1k |
| Swedbank AB 0.10% of their portfolio | 302.5k $117.0m | Added +1.4k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 302.3k $116.9m | Reduced -58.9k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 300.1k $324.3k | Added +200.0k |
| M&G PLC 0.57% of their portfolio | 295.1k $114.2m | Reduced -824 |
| Quantinno Capital Management LP 0.14% of their portfolio | 292.0k $112.9m | Added +95.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.17% of their portfolio | 282.0k $112.9m | Reduced -2.8k |
| Aberdeen Group plc 0.15% of their portfolio | 281.0k $108.7m | Added +2.5k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 274.8k $106.3m | Reduced -82.2k |
| BANK OF NOVA SCOTIA 0.15% of their portfolio | 262.3k $101.5m | Added +24.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 259.8k $100.5m | Added +1.4k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 252.1k $97.5m | Added +28.4k |