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 ($258.6m this quarter). Holder counts are more reliable. Shares outstanding: 264.5m as of 2026-04-24, 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 ≈ $266.43. Options: 34 managers hold calls ($1.1bn notional), 40 hold puts ($700.3m).
Trends to Q1 2026
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 |
| Q3 2025 | 1,611 |
| Q4 2025 | 1,650 |
| Q1 2026 | 1,657 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 737 | 680 |
| Q3 2024 | 738 | 691 |
| Q4 2024 | 616 | 872 |
| Q1 2025 | 752 | 757 |
| Q2 2025 | 796 | 695 |
| Q3 2025 | 677 | 847 |
| Q4 2025 | 671 | 766 |
| Q1 2026 | 798 | 674 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.6bn | $1.0bn | 0.67 |
| Q3 2025 | $1.4bn | $788.5m | 0.58 |
| Q4 2025 | $1.2bn | $668.7m | 0.54 |
| Q1 2026 | $1.1bn | $700.3m | 0.63 |
Biggest buyers
| Sanders Capital, LLC | Added | +2.5m |
| Davis Selected Advisers | Added | +1.5m |
| AQR CAPITAL MANAGEMENT LLC | Added | +989.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Added | +640.1k |
| TWO SIGMA INVESTMENTS, LP | Added | +526.0k |
| GOLDMAN SACHS GROUP INC | Added | +498.8k |
| Dodge & Cox | Added | +417.2k |
| SEI INVESTMENTS CO | Added | +394.3k |
| MENORA MIVTACHIM HOLDINGS LTD. | New | +393.5k |
| Amundi | Added | +366.8k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.7m |
| GQG Partners LLC | Reduced | -1.8m |
| HSBC HOLDINGS PLC | Reduced | -1.4m |
| Capital Research Global Investors | Reduced | -612.2k |
| BlackRock, Inc. | Reduced | -585.9k |
| FMR LLC | Reduced | -476.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -320.1k |
| BANK OF NOVA SCOTIA | Reduced | -263.8k |
| DEUTSCHE BANK AG\ | Reduced | -258.4k |
| D. E. Shaw & Co., Inc. | Reduced | -248.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $287.7m1.1m shares |
| BloombergSen Inc. | Reduced | $250.9m940.6k shares |
| TAM Capital Management Inc. | Added | $103.6m388.5k shares |
| GROUP ONE TRADING LLC | Added | $74.8m280.3k shares |
| IMC-Chicago, LLC | Reduced | $69.5m260.6k shares |
| Caption Management, LLC | New | $64.8m243.0k shares |
| BARCLAYS PLC | Unchanged | $58.2m218.0k shares |
| CITADEL ADVISORS LLC | Reduced | $51.3m192.3k shares |
| JANE STREET GROUP, LLC | Reduced | $47.3m177.4k shares |
| CITIGROUP INC | New | $29.7m111.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $172.9m648.2k shares |
| TORONTO DOMINION BANK | New | $93.4m350.0k shares |
| JANE STREET GROUP, LLC | Added | $70.6m264.8k shares |
| CITADEL ADVISORS LLC | Reduced | $42.9m160.8k shares |
| IMC-Chicago, LLC | Reduced | $40.1m150.5k shares |
| MARSHALL WACE, LLP | New | $40.0m150.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $39.8m149.1k shares |
| Marex Group Ltd | Reduced | $32.0m120.0k shares |
| JPMORGAN CHASE & CO | Added | $31.0m120.0k shares |
| GROUP ONE TRADING LLC | Added | $30.6m114.7k 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 Q1 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 1 | $8.6m | $8.6m |
| Q4 2025 | 1 | $999.9k | 1 | $1.6m | $1.6m |
| Q1 2026 | 0 | — | 2 | $1.2m | $1.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-02 | Jones Nicole S Officer | Sold plan | $666.5k2.3k shares |
| 2026-03-02 | Neville Everett Officer | Sold plan | $496.6k1.7k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.11% of their portfolio | 22.6m $6.0bn | Reduced -585.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 17.1m $4.6bn | First filing |
| STATE STREET CORP 0.11% of their portfolio | 12.3m $3.3bn | Reduced -56.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.05% of their portfolio | 11.6m $3.1bn | Reduced -209.9k |
| Dodge & Cox 1.69% of their portfolio | 11.6m $3.1bn | Added +417.2k |
| FMR LLC 0.15% of their portfolio | 11.0m $2.9bn | Reduced -476.4k |
| Sanders Capital, LLC 3.27% of their portfolio | 10.3m $2.7bn | Added +2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 6.2m $1.6bn | Added +149.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.09% of their portfolio | 6.2m $1.6bn | First filing |
| GQG Partners LLC 2.54% of their portfolio | 6.0m $1.6bn | Reduced -1.8m |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 5.8m $1.5bn | Added +166.4k |
| MORGAN STANLEY 0.06% of their portfolio | 3.4m $915.7m | Added +44.9k |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 3.2m $848.8m | Added +256.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.41% of their portfolio | 2.9m $763.0m | Reduced -98.4k |
| AMERIPRISE FINANCIAL INC 0.17% of their portfolio | 2.8m $742.4m | Added +339.6k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 2.7m $720.9m | Reduced -48.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.77% of their portfolio | 2.6m $693.1m | Added +640.1k |
| AQR CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 2.6m $672.4m | Added +989.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 2.6m $686.3m | Reduced -3.7m |
| Invesco Ltd. 0.06% of their portfolio | 2.5m $665.1m | Added +71.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 2.5m $656.1m | Added +134.3k |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 2.4m $647.0m | Added +236.3k |
| Davis Selected Advisers 2.74% of their portfolio | 2.2m $595.9m | Added +1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 2.2m $582.4m | Reduced -8.8k |
| Legal & General Group Plc 0.13% of their portfolio | 2.1m $554.1m | Added +40.3k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 1.9m $518.7m | Added +498.8k |
| Nuveen, LLC 0.13% of their portfolio | 1.8m $492.7m | Reduced -167.0k |
| Boston Partners 0.50% of their portfolio | 1.8m $474.2m | Added +139.5k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 1.7m $450.4m | Added +37.5k |
| Amundi 0.11% of their portfolio | 1.6m $413.5m | Added +366.8k |
| VANGUARD FIDUCIARY TRUST CO 0.10% of their portfolio | 1.5m $396.3m | First filing |
| Capital Research Global Investors 0.05% of their portfolio | 1.3m $352.5m | Reduced -612.2k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 1.3m $348.8m | Reduced -258.4k |
| Capital World Investors 0.05% of their portfolio | 1.3m $347.1m | Reduced -34.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.31% of their portfolio | 1.3m $331.7m | Reduced -2.6k |
| RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio | 1.2m $308.7m | Reduced -21.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.19% of their portfolio | 1.1m $296.6m | Reduced -236.9k |
| BRANDES INVESTMENT PARTNERS, LP 1.90% of their portfolio | 1.0m $269.1m | Added +64.6k |
| UBS Group AG 0.04% of their portfolio | 907.8k $242.2m | Added +59.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.21% of their portfolio | 903.9k $241.1m | Reduced -11.7k |
| SEI INVESTMENTS CO 0.21% of their portfolio | 865.9k $231.0m | Added +394.3k |
| Russell Investments Group, Ltd. 0.24% of their portfolio | 824.5k $219.3m | Added +42.4k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 793.6k $211.7m | Added +290.2k |
| National Pension Service 0.16% of their portfolio | 785.5k $209.5m | Added +55.8k |
| Swiss National Bank 0.12% of their portfolio | 783.9k $209.1m | Added +52.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.13% of their portfolio | 759.5k $202.6m | Reduced -24.8k |
| BARCLAYS PLC 0.07% of their portfolio | 758.6k $202.4m | Added +238.7k |
| LYRICAL ASSET MANAGEMENT LP 3.05% of their portfolio | 750.1k $200.1m | Reduced -16.4k |
| Focused Investors LLC 6.06% of their portfolio | 698.2k $186.2m | Reduced -10.8k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 695.0k $185.4m | Added +97.6k |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 665.3k $177.1m | Reduced -1.4m |
| Swedbank AB 0.19% of their portfolio | 663.0k $176.9m | Added +266 |
| Allianz Asset Management GmbH 0.20% of their portfolio | 647.3k $172.7m | Added +65.7k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 643.6k $171.7m | Added +1.7k |
| TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio | 641.3k $171.1m | Added +526.0k |
| Vanguard Global Advisers, LLC 0.09% of their portfolio | 630.6k $168.2m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.21% of their portfolio | 603.7k $161.0m | Added +216.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 601.0k $160.3m | Added +32.3k |
| Walleye Trading LLC 3.29% of their portfolio | 599.1k $159.8m | Added +84.4k |
| Thrivent Financial for Lutherans 0.30% of their portfolio | 582.3k $155.3m | Added +128.6k |
| PZENA INVESTMENT MANAGEMENT LLC 0.50% of their portfolio | 578.4k $154.3m | Added +7.6k |
| California Public Employees Retirement System 0.09% of their portfolio | 568.9k $151.7m | Reduced -46.5k |
| RHUMBLINE ADVISERS 0.13% of their portfolio | 566.5k $151.1m | Added +2.0k |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 558.3k $148.5m | Added +39.2k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 547.6k $146.1m | Added +656 |
| LSV ASSET MANAGEMENT 0.31% of their portfolio | 536.7k $143.2m | Reduced -5.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.12% of their portfolio | 531.7k $141.8m | First filing |
| Ensign Peak Advisors, Inc 0.26% of their portfolio | 527.4k $140.7m | Added +332 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.19% of their portfolio | 499.1k $133.1m | Reduced -400 |
| GLENVIEW CAPITAL MANAGEMENT, LLC 3.60% of their portfolio | 498.8k $133.1m | Added +219.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.41% of their portfolio | 497.1k $132.6m | Reduced -19.3k |
| Assenagon Asset Management S.A. 0.21% of their portfolio | 491.9k $131.2m | Added +147.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 472.6k $126.1m | Added +112.1k |
| SG Americas Securities, LLC 0.13% of their portfolio | 454.3k $121.2m | Added +131.8k |
| Caisse de depot et placement du Quebec 0.19% of their portfolio | 441.1k $117.7m | Added +227.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 439.0k $117.1m | Reduced -22.3k |
| TORONTO DOMINION BANK 0.22% of their portfolio | 427.8k $114.1m | Added +274.6k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 7.30% of their portfolio | 426.3k $113.7m | Added +21.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 405.7k $108.2m | Reduced -10.4k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.50% of their portfolio | 393.5k $105.0m | New |
| Maj Invest Holding A/S 4.59% of their portfolio | 390.8k $104.2m | Reduced -2.7k |
| CITIGROUP INC 0.07% of their portfolio | 386.5k $103.1m | Reduced -117.3k |
| CANADA LIFE ASSURANCE Co 0.18% of their portfolio | 368.0k $98.5m | Added +5.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.17% of their portfolio | 364.2k $97.1m | Added +7.7k |
| KBC Group NV 0.24% of their portfolio | 357.1k $95.2m | Reduced -2.2k |
| NATIXIS ADVISORS, LLC 0.13% of their portfolio | 349.5k $93.2m | Added +24.2k |
| PARNASSUS INVESTMENTS, LLC 0.27% of their portfolio | 346.0k $92.3m | Added +10.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.14% of their portfolio | 345.7k $92.2m | Reduced -92.5k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 333.0k $88.8m | Reduced -86.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 332.7k $88.7m | Reduced -104.0k |
| JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio | 326.8k $85.6m | Added +268.4k |
| COOPERMAN LEON G 2.84% of their portfolio | 325.0k $86.7m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.11% of their portfolio | 324.3k $86.5m | Reduced -74.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 310.6k $82.8m | Added +5.8k |
| Man Group plc 0.17% of their portfolio | 306.3k $81.7m | Added +69.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.14% of their portfolio | 298.5k $79.8m | Added +7.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.18% of their portfolio | 297.8k $79.4m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.13% of their portfolio | 293.0k $78.2m | Added +226.4k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 283.9k $78.1m | Added +11.4k |
| CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio | 259.9k $69.3m | Added +187.2k |