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 ($343.2m this quarter). Holder counts are more reliable. Shares outstanding: 264.2m as of 2026-07-24, 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 ≈ $275.75. Options: 39 managers hold calls ($1.4bn notional), 34 hold puts ($570.0m).
Trends to Q2 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 |
| Q2 2026 | 1,690 |
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 | 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 |
| Q2 2026 | 808 | 675 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.4bn | $788.5m | 0.58 |
| Q4 2025 | $1.2bn | $668.7m | 0.54 |
| Q1 2026 | $1.1bn | $700.3m | 0.63 |
| Q2 2026 | $1.4bn | $570.0m | 0.42 |
Biggest buyers
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +1.5m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.2m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.2m |
| BlackRock, Inc. | Added | +840.1k |
| Dodge & Cox | Added | +618.1k |
| STATE STREET CORP | Added | +399.1k |
| Squarepoint Ops LLC | Added | +364.4k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +342.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +330.1k |
| HighTower Advisors, LLC | Added | +283.9k |
Biggest sellers
| FMR LLC | Reduced | -2.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.2m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -1.2m |
| BANK OF MONTREAL /CAN/ | Reduced | -676.0k |
| JPMORGAN CHASE & CO | Reduced | -611.3k |
| Nuveen, LLC | Reduced | -497.5k |
| Walleye Trading LLC | Reduced | -385.6k |
| FRANKLIN RESOURCES INC | Reduced | -354.9k |
| TORONTO DOMINION BANK | Reduced | -344.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $295.6m1.1m shares |
| BloombergSen Inc. | Reduced | $250.4m908.3k shares |
| Walleye Trading LLC | Added | $136.1m493.7k shares |
| JANE STREET GROUP, LLC | Added | $102.4m371.3k shares |
| IMC-Chicago, LLC | Added | $97.0m352.0k shares |
| TAM Capital Management Inc. | Reduced | $83.7m303.5k shares |
| CITADEL ADVISORS LLC | Added | $80.4m291.7k shares |
| BARCLAYS PLC | Unchanged | $60.1m218.0k shares |
| GROUP ONE TRADING LLC | Reduced | $54.9m199.0k shares |
| Caption Management, LLC | Reduced | $44.1m160.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $140.1m508.3k shares |
| JANE STREET GROUP, LLC | Added | $131.1m475.4k shares |
| CITADEL ADVISORS LLC | Added | $58.9m213.7k shares |
| BARCLAYS PLC | New | $51.0m185.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $49.5m1.8k shares |
| Walleye Trading LLC | Added | $28.1m101.8k shares |
| Marex Group Ltd | Reduced | $27.6m100.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $20.8m75.4k shares |
| D. E. Shaw & Co., Inc. | Added | $11.0m40.0k shares |
| Squarepoint Ops LLC | Added | $8.4m30.3k 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 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 | — | 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 |
| Q2 2026 | 0 | — | 2 | $59.4m | $59.1m |
| Q3 2026 | 0 | — | 2 | $6.3m | $6.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | Neville Everett Officer | Sold plan | $175.3k617 shares |
| 2026-08-18 | Jones Nicole S Officer | Sold plan | $748.5k2.7k shares |
| 2026-08-04 | Jones Nicole S Officer | Sold plan | $5.4m19.4k shares |
| 2026-06-12 | Kates Jamie G Chief Accounting Officer | Sold | $268.5k899 shares |
| 2026-05-12 | Cordani David Chairman & CEO, director | Sold plan | $59.1m201.9k 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. 0.10% of their portfolio | 23.4m $6.5bn | Added +840.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 17.3m $4.8bn | Added +154.2k |
| STATE STREET CORP 0.10% of their portfolio | 12.7m $3.5bn | Added +399.1k |
| Dodge & Cox 1.76% of their portfolio | 12.2m $3.4bn | Added +618.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.92% of their portfolio | 10.4m $2.9bn | Reduced -1.2m |
| Sanders Capital, LLC 2.80% of their portfolio | 10.1m $2.8bn | Reduced -145.8k |
| FMR LLC 0.10% of their portfolio | 8.0m $2.2bn | Reduced -2.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 6.3m $1.7bn | Added +68.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.08% of their portfolio | 6.2m $1.7bn | Added +65.2k |
| GQG Partners LLC 3.03% of their portfolio | 5.9m $1.6bn | Reduced -93.7k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 5.2m $1.4bn | Reduced -611.3k |
| MORGAN STANLEY 0.05% of their portfolio | 3.7m $1.0bn | Added +258.0k |
| NORGES BANK 0.10% of their portfolio | 3.6m $982.2m | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 3.0m $827.7m | Reduced -179.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.35% of their portfolio | 2.8m $785.5m | Reduced -11.0k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 2.7m $752.8m | Added +28.1k |
| AMERIPRISE FINANCIAL INC 0.15% of their portfolio | 2.6m $719.2m | Reduced -174.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.60% of their portfolio | 2.6m $710.4m | Reduced -21.1k |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 2.5m $692.6m | Added +85.8k |
| Invesco Ltd. 0.05% of their portfolio | 2.4m $662.6m | Reduced -89.8k |
| Davis Selected Advisers 2.67% of their portfolio | 2.3m $621.2m | Added +19.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 2.2m $620.1m | Reduced -210.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 2.2m $600.7m | Reduced -4.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.63% of their portfolio | 2.0m $558.0m | Added +1.5m |
| Boston Partners 0.49% of their portfolio | 2.0m $555.6m | Added +237.0k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 2.0m $548.7m | Added +45.9k |
| Legal & General Group Plc 0.11% of their portfolio | 2.0m $542.8m | Reduced -108.3k |
| TWO SIGMA INVESTMENTS, LP 0.38% of their portfolio | 1.8m $499.8m | Added +1.2m |
| Amundi 0.11% of their portfolio | 1.7m $473.0m | Added +165.6k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 1.6m $450.9m | Reduced -52.9k |
| VANGUARD FIDUCIARY TRUST CO 0.09% of their portfolio | 1.5m $409.4m | Reduced -884 |
| NORDEA INVESTMENT MANAGEMENT AB 0.33% of their portfolio | 1.5m $409.7m | Added +201.7k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 1.4m $396.0m | Reduced -1.2m |
| NATIONAL BANK OF CANADA /FI/ 0.35% of their portfolio | 1.4m $396.0m | Added +1.2m |
| Nuveen, LLC 0.09% of their portfolio | 1.3m $372.1m | Reduced -497.5k |
| Capital World Investors 0.04% of their portfolio | 1.3m $365.4m | Added +24.4k |
| DEUTSCHE BANK AG\ 0.10% of their portfolio | 1.3m $352.6m | Reduced -28.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.3m $348.8m | Reduced -1.3m |
| Capital Research Global Investors 0.05% of their portfolio | 1.2m $340.3m | Reduced -86.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio | 1.1m $297.8m | Reduced -31.7k |
| RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio | 1.0m $285.0m | Reduced -123.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.19% of their portfolio | 875.3k $241.3m | Reduced -28.5k |
| Russell Investments Group, Ltd. 0.20% of their portfolio | 844.5k $233.0m | Added +19.9k |
| BRANDES INVESTMENT PARTNERS, LP 1.63% of their portfolio | 843.3k $232.5m | Reduced -165.6k |
| National Pension Service 0.14% of their portfolio | 794.2k $218.9m | Added +8.7k |
| UBS Group AG 0.03% of their portfolio | 775.4k $213.8m | Reduced -132.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 762.3k $210.2m | Added +2.8k |
| Swiss National Bank 0.11% of their portfolio | 743.7k $205.0m | Reduced -40.3k |
| LYRICAL ASSET MANAGEMENT LP 2.60% of their portfolio | 743.6k $205.0m | Reduced -6.5k |
| NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio | 728.7k $201.2m | Added +170.4k |
| Caisse de depot et placement du Quebec 0.28% of their portfolio | 709.5k $195.6m | Added +268.3k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 689.8k $190.3m | Added +24.4k |
| Swedbank AB 0.16% of their portfolio | 688.1k $189.7m | Added +25.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio | 674.8k $186.0m | Added +342.1k |
| Allianz Asset Management GmbH 0.18% of their portfolio | 647.1k $173.4m | Reduced -193 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.10% of their portfolio | 643.4k $177.4m | Added +42.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio | 632.9k $174.5m | Added +29.2k |
| Vanguard Global Advisers, LLC 0.08% of their portfolio | 630.4k $173.8m | Reduced -244 |
| Focused Investors LLC 5.82% of their portfolio | 625.9k $172.5m | Reduced -72.3k |
| Thrivent Financial for Lutherans 0.29% of their portfolio | 623.1k $171.8m | Added +40.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 594.1k $163.8m | Reduced -49.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.11% of their portfolio | 592.2k $163.3m | Added +60.5k |
| LSV ASSET MANAGEMENT 0.29% of their portfolio | 575.1k $158.5m | Added +38.3k |
| PZENA INVESTMENT MANAGEMENT LLC 0.45% of their portfolio | 562.0k $154.9m | Reduced -16.4k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 545.7k $150.4m | Reduced -20.8k |
| SG Americas Securities, LLC 0.09% of their portfolio | 541.7k $149.3m | Added +87.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 539.8k $148.8m | Added +100.7k |
| SEI INVESTMENTS CO 0.13% of their portfolio | 524.5k $144.6m | Reduced -341.3k |
| PRUDENTIAL FINANCIAL INC 0.15% of their portfolio | 512.3k $141.2m | Added +188.0k |
| California Public Employees Retirement System 0.08% of their portfolio | 501.0k $138.1m | Reduced -67.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.47% of their portfolio | 497.1k $137.0m | Added +274.5k |
| CITIGROUP INC 0.06% of their portfolio | 490.3k $135.2m | Added +103.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 475.7k $131.1m | Added +3.1k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 455.6k $125.6m | Added +330.1k |
| Squarepoint Ops LLC 0.24% of their portfolio | 451.4k $124.4m | Added +364.4k |
| Maj Invest Holding A/S 5.57% of their portfolio | 444.0k $122.4m | Added +53.2k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 438.7k $120.9m | Reduced -354.9k |
| BARCLAYS PLC 0.04% of their portfolio | 436.6k $120.4m | Reduced -322.1k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 6.12% of their portfolio | 427.8k $117.9m | Added +1.5k |
| Man Group plc 0.21% of their portfolio | 419.8k $115.7m | Added +113.5k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 2.27% of their portfolio | 412.2k $113.6m | Reduced -86.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.13% of their portfolio | 409.6k $112.9m | Added +213.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.21% of their portfolio | 405.2k $111.7m | Added +107.5k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 400.7k $110.5m | Reduced -146.9k |
| CANADA LIFE ASSURANCE Co 0.18% of their portfolio | 400.5k $110.2m | Added +32.5k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.42% of their portfolio | 393.5k $108.5m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 386.9k $106.6m | Reduced -18.8k |
| NATIXIS ADVISORS, LLC 0.12% of their portfolio | 384.0k $105.9m | Added +34.5k |
| KBC Group NV 0.23% of their portfolio | 380.0k $104.8m | Added +23.0k |
| PARNASSUS INVESTMENTS, LLC 0.27% of their portfolio | 360.4k $99.3m | Added +14.4k |
| HighTower Advisors, LLC 0.09% of their portfolio | 354.4k $97.7m | Added +283.9k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 347.9k $95.9m | Added +185.6k |
| JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio | 347.7k $98.3m | Added +21.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 345.5k $95.2m | Added +126.6k |
| COOPERMAN LEON G 2.53% of their portfolio | 325.0k $89.6m | Unchanged |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 321.4k $88.6m | Reduced -11.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.14% of their portfolio | 321.1k $88.6m | Added +22.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 310.6k $85.6m | Added +16 |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 308.4k $85.0m | Added +228.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.10% of their portfolio | 293.9k $81.0m | Reduced -205.2k |