THE CIGNA GROUP CI
COM · Common Stock · CUSIP 125523100 · ISIN US1255231003
American health services organization
* 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 ($138.3m this quarter). Holder counts are more reliable. Shares outstanding: 266.9m as of 2025-07-25, 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 ≈ $329.36. Options: 39 managers hold calls ($1.6bn notional), 39 hold puts ($1.0bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,472 |
| Q4 2022 | 1,548 |
| Q1 2023 | 1,485 |
| Q2 2023 | 1,487 |
| Q3 2023 | 1,489 |
| Q4 2023 | 1,622 |
| Q1 2024 | 1,656 |
| Q2 2024 | 1,659 |
| Q3 2024 | 1,701 |
| Q4 2024 | 1,640 |
| Q1 2025 | 1,686 |
| Q2 2025 | 1,729 |
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 2023 | 601 | 662 |
| Q4 2023 | 654 | 684 |
| Q1 2024 | 706 | 743 |
| Q2 2024 | 737 | 680 |
| Q3 2024 | 738 | 691 |
| Q4 2024 | 616 | 872 |
| Q1 2025 | 752 | 757 |
| Q2 2025 | 796 | 695 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.2bn | $937.1m | 0.78 |
| Q4 2024 | $1.1bn | $946.2m | 0.89 |
| Q1 2025 | $1.4bn | $738.4m | 0.52 |
| Q2 2025 | $1.6bn | $1.0bn | 0.67 |
Biggest buyers
| Capital Research Global Investors | Added | +1.3m |
| CITADEL ADVISORS LLC | Added | +1.2m |
| GQG Partners LLC | Added | +883.0k |
| D. E. Shaw & Co., Inc. | Added | +820.4k |
| ROYAL BANK OF CANADA | Added | +804.6k |
| MARSHALL WACE, LLP | New | +679.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +492.0k |
| JANE STREET GROUP, LLC | Added | +439.9k |
| BROADWATER CAPITAL MANAGEMENT LLC | Added | +414.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +411.7k |
Biggest sellers
| PARNASSUS INVESTMENTS, LLC | Reduced | -2.6m |
| FMR LLC | Reduced | -2.2m |
| BlackRock, Inc. | Reduced | -1.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.8m |
| FRANKLIN RESOURCES INC | Reduced | -1.7m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.2m |
| Davis Selected Advisers | Reduced | -777.4k |
| AMERIPRISE FINANCIAL INC | Reduced | -619.8k |
| VANGUARD GROUP INC | Reduced | -427.8k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -421.2k |
Biggest calls
| BloombergSen Inc. | Reduced | $350.2m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $294.7m891.5k shares |
| JANE STREET GROUP, LLC | Added | $166.6m504.1k shares |
| CITADEL ADVISORS LLC | Reduced | $136.1m411.6k shares |
| Walleye Trading LLC | Added | $110.0m332.7k shares |
| PUBLIC INVESTMENT FUND | Added | $97.8m295.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $88.7m271.7k shares |
| TAM Capital Management Inc. | Unchanged | $60.2m182.0k shares |
| IMC-Chicago, LLC | Added | $44.0m133.2k shares |
| GROUP ONE TRADING LLC | Added | $34.0m102.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $143.4m433.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $110.9m3.4k shares |
| HSBC HOLDINGS PLC | Unchanged | $105.6m321.3k shares |
| CITADEL ADVISORS LLC | Added | $97.8m295.8k shares |
| WOLVERINE TRADING, LLC | Added | $65.7m201.4k shares |
| IMC-Chicago, LLC | New | $57.2m173.1k shares |
| Walleye Trading LLC | Added | $52.7m159.5k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $45.2m1.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $41.2m124.5k shares |
| MARSHALL WACE, LLP | New | $32.3m97.6k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 7.4% |
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 in Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 6 | $11.9m | $8.4m |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 5 | $55.9m | $50.0m |
| Q2 2024 | 0 | — | 4 | $8.0m | $5.9m |
| Q3 2024 | 0 | — | 3 | $10.5m | $10.5m |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 4 | $13.6m | $13.6m |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.14% of their portfolio | 25.7m $8.5bn | Reduced -427.8k |
| BlackRock, Inc. 0.14% of their portfolio | 22.3m $7.4bn | Reduced -1.8m |
| STATE STREET CORP 0.15% of their portfolio | 12.3m $4.1bn | Reduced -209.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.24% of their portfolio | 11.8m $3.9bn | Added +123.5k |
| FMR LLC 0.21% of their portfolio | 11.2m $3.7bn | Reduced -2.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.39% of their portfolio | 10.3m $3.4bn | Reduced -1.8m |
| Dodge & Cox 1.66% of their portfolio | 9.0m $3.0bn | Added +60.9k |
| Sanders Capital, LLC 3.46% of their portfolio | 7.8m $2.6bn | Reduced -196.4k |
| JPMORGAN CHASE & CO 0.15% of their portfolio | 6.5m $2.1bn | Added +166.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio | 6.0m $2.0bn | Reduced -73.6k |
| GQG Partners LLC 2.71% of their portfolio | 5.8m $1.9bn | Added +883.0k |
| MORGAN STANLEY 0.08% of their portfolio | 3.7m $1.2bn | Added +60.6k |
| NORGES BANK 0.14% of their portfolio | 3.4m $1.1bn | Added +363.0k |
| NORTHERN TRUST CORP 0.13% of their portfolio | 2.9m $970.6m | Reduced -133.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.19% of their portfolio | 2.9m $951.6m | Added +411.7k |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 2.8m $938.7m | Reduced -121.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.59% of their portfolio | 2.5m $829.3m | Added +492.0k |
| DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio | 2.3m $748.9m | Reduced -157.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.12% of their portfolio | 2.1m $678.7m | Added +15.0k |
| Legal & General Group Plc 0.16% of their portfolio | 2.0m $650.4m | Reduced -33.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.59% of their portfolio | 1.9m $636.0m | Added +22.1k |
| Nuveen, LLC 0.17% of their portfolio | 1.9m $626.5m | Reduced -317.3k |
| Bank of New York Mellon Corp 0.11% of their portfolio | 1.7m $563.8m | Reduced -108.1k |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 1.6m $539.9m | Added +97.8k |
| Invesco Ltd. 0.09% of their portfolio | 1.6m $535.8m | Added +222.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.54% of their portfolio | 1.5m $510.4m | Reduced -44.9k |
| T. Rowe Price Investment Management, Inc. 0.29% of their portfolio | 1.4m $462.7m | Reduced -1.2m |
| AMERIPRISE FINANCIAL INC 0.11% of their portfolio | 1.4m $457.0m | Reduced -619.8k |
| Amundi 0.15% of their portfolio | 1.4m $442.7m | Reduced -127.5k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 1.3m $441.4m | Added +804.6k |
| Capital Research Global Investors 0.09% of their portfolio | 1.3m $437.5m | Added +1.3m |
| Capital World Investors 0.06% of their portfolio | 1.3m $427.0m | Added +26.3k |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 1.3m $424.2m | Reduced -1.7m |
| DEUTSCHE BANK AG\ 0.16% of their portfolio | 1.3m $422.3m | Reduced -44.5k |
| CITADEL ADVISORS LLC 0.35% of their portfolio | 1.2m $408.7m | Added +1.2m |
| RAYMOND JAMES FINANCIAL INC 0.13% of their portfolio | 1.1m $376.4m | Reduced -171.3k |
| AQR CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 1.1m $372.6m | Reduced -13.3k |
| D. E. Shaw & Co., Inc. 0.32% of their portfolio | 961.3k $317.8m | Added +820.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.20% of their portfolio | 944.8k $311.3m | Added +193.9k |
| HSBC HOLDINGS PLC 0.19% of their portfolio | 888.0k $292.8m | Reduced -40.7k |
| UBS Group AG 0.06% of their portfolio | 823.3k $272.2m | Reduced -207.9k |
| Swiss National Bank 0.16% of their portfolio | 820.7k $271.3m | Added +36.3k |
| MACQUARIE GROUP LTD 0.32% of their portfolio | 796.8k $263.4m | Reduced -244.7k |
| California Public Employees Retirement System 0.16% of their portfolio | 758.2k $250.6m | Reduced -11.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio | 752.1k $248.6m | Reduced -6.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.15% of their portfolio | 750.2k $248.0m | Reduced -29.7k |
| BARCLAYS PLC 0.10% of their portfolio | 739.7k $244.5m | Added +143.8k |
| LYRICAL ASSET MANAGEMENT LP 3.52% of their portfolio | 738.9k $244.3m | Reduced -61.4k |
| Russell Investments Group, Ltd. 0.30% of their portfolio | 717.4k $237.1m | Reduced -54.6k |
| NEUBERGER BERMAN GROUP LLC 0.18% of their portfolio | 709.7k $234.4m | Added +109.6k |
| MARSHALL WACE, LLP 0.27% of their portfolio | 679.7k $224.7m | New |
| BRANDES INVESTMENT PARTNERS, LP 2.02% of their portfolio | 674.8k $223.1m | Added +3.3k |
| National Pension Service 0.19% of their portfolio | 662.5k $219.0m | Reduced -5.3k |
| Davis Selected Advisers 1.16% of their portfolio | 655.9k $216.8m | Reduced -777.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.17% of their portfolio | 650.6k $215.1m | Added +108.4k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 626.8k $207.2m | Reduced -9.2k |
| Ensign Peak Advisors, Inc 0.35% of their portfolio | 624.3k $206.4m | Added +231.5k |
| Bridgewater Associates, LP 0.82% of their portfolio | 616.6k $203.8m | Added +75.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.65% of their portfolio | 610.4k $201.8m | Reduced -69.4k |
| JANE STREET GROUP, LLC 0.31% of their portfolio | 586.4k $193.9m | Added +439.9k |
| RHUMBLINE ADVISERS 0.16% of their portfolio | 574.2k $189.8m | Reduced -11.7k |
| Focused Investors LLC 6.05% of their portfolio | 559.8k $185.0m | Reduced -11.9k |
| LSV ASSET MANAGEMENT 0.43% of their portfolio | 555.8k $183.7m | Reduced -13.7k |
| TWO SIGMA INVESTMENTS, LP 0.33% of their portfolio | 550.7k $182.1m | Added +197.6k |
| PRUDENTIAL FINANCIAL INC 0.23% of their portfolio | 549.2k $181.5m | Added +275.4k |
| KBC Group NV 0.48% of their portfolio | 532.7k $176.1m | Reduced -6.8k |
| Man Group plc 0.38% of their portfolio | 532.2k $175.9m | Added +363.5k |
| PZENA INVESTMENT MANAGEMENT LLC 0.56% of their portfolio | 523.6k $173.1m | Added +46.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.14% of their portfolio | 515.4k $170.4m | Added +23.5k |
| Allianz Asset Management GmbH 0.23% of their portfolio | 513.4k $169.7m | Added +126.8k |
| Swedbank AB 0.19% of their portfolio | 505.6k $167.1m | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.21% of their portfolio | 486.8k $160.9m | Reduced -9.7k |
| CITIGROUP INC 0.11% of their portfolio | 461.8k $152.7m | Reduced -9.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.16% of their portfolio | 431.5k $142.6m | Reduced -13.2k |
| BROADWATER CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 415.2k $415.2k | Added +414.0k |
| Maj Invest Holding A/S 4.78% of their portfolio | 412.7k $136.4m | Reduced -63.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 411.3k $136.0m | Added +82.1k |
| Boston Partners 0.15% of their portfolio | 408.2k $134.8m | Reduced -6.0k |
| Balyasny Asset Management L.P. 0.30% of their portfolio | 404.8k $133.8m | Added +369.8k |
| Artisan Partners Limited Partnership 0.20% of their portfolio | 402.3k $133.0m | Reduced -8.2k |
| NATIXIS ADVISORS, LLC 0.21% of their portfolio | 401.0k $132.6m | Added +15.4k |
| CANADA LIFE ASSURANCE Co 0.21% of their portfolio | 395.3k $130.9m | Added +10.8k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 394.8k $130.5m | Reduced -59.1k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 3.49% of their portfolio | 371.9k $122.9m | Reduced -2.2k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 9.24% of their portfolio | 367.1k $121.4m | Reduced -26.5k |
| Squarepoint Ops LLC 0.25% of their portfolio | 350.4k $115.8m | Added +144.7k |
| BANK OF NOVA SCOTIA 0.23% of their portfolio | 342.2k $113.1m | Added +8.8k |
| NATIONAL BANK OF CANADA /FI/ 0.12% of their portfolio | 342.2k $113.1m | Added +36.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio | 324.8k $107.4m | Added +53.8k |
| Qube Research & Technologies Ltd 0.15% of their portfolio | 319.6k $105.7m | Added +131.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.16% of their portfolio | 309.9k $102.5m | Reduced -222.6k |
| TWO SIGMA ADVISERS, LP 0.21% of their portfolio | 306.3k $101.3m | Reduced -211.3k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 296.6k $98.1m | Reduced -27.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 294.4k $97.3m | Reduced -24.3k |
| PARNASSUS INVESTMENTS, LLC 0.22% of their portfolio | 285.9k $94.5m | Reduced -2.6m |
| PNC Financial Services Group, Inc. 0.06% of their portfolio | 284.9k $94.2m | Reduced -4.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.22% of their portfolio | 284.0k $93.9m | Reduced -14.2k |
| Thrivent Financial for Lutherans 0.19% of their portfolio | 268.9k $88.9m | Added +2.1k |
| Soundwatch Capital LLC 0.05% of their portfolio | 262.0k $268.7k | New |
| Allspring Global Investments Holdings, LLC 0.14% of their portfolio | 259.2k $86.7m | Added +22.1k |