HUMANA INC HUM
COM · Common Stock · CUSIP 444859102 · ISIN US4448591028
American managed health care company
- SectorHealth care
- IndustryHospital & Medical Service Plans
- HeadquartersLouisville, KY
- Founded1961
- Websitehumana.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 ($169.8m this quarter). Holder counts are more reliable. Shares outstanding: 120.4m as of 2024-06-30, 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 ≈ $373.53. Options: 47 managers hold calls ($1.8bn notional), 44 hold puts ($1.6bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,002 |
| Q4 2022 | 1,079 |
| Q1 2023 | 1,048 |
| Q2 2023 | 1,073 |
| Q3 2023 | 1,091 |
| Q4 2023 | 1,155 |
| Q1 2024 | 1,031 |
| Q2 2024 | 985 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 555 | 399 |
| Q1 2023 | 502 | 483 |
| Q2 2023 | 506 | 493 |
| Q3 2023 | 509 | 502 |
| Q4 2023 | 511 | 521 |
| Q1 2024 | 463 | 647 |
| Q2 2024 | 441 | 540 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.3bn | $1.4bn | 1.12 |
| Q4 2023 | $1.8bn | $1.8bn | 1.04 |
| Q1 2024 | $1.6bn | $1.8bn | 1.11 |
| Q2 2024 | $1.8bn | $1.6bn | 0.85 |
Biggest buyers
| Dodge & Cox | New | +4.3m |
| EAGLE CAPITAL MANAGEMENT LLC | Added | +2.5m |
| PZENA INVESTMENT MANAGEMENT LLC | Added | +2.0m |
| Capital Research Global Investors | New | +1.4m |
| MARSHALL WACE, LLP | Added | +774.1k |
| BAUPOST GROUP LLC/MA | New | +420.0k |
| Camber Capital Management LP | New | +400.0k |
| Point72 Asset Management, L.P. | Added | +362.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +360.0k |
| GOLDMAN SACHS GROUP INC | Added | +340.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -3.0m |
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| FMR LLC | Reduced | -963.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -895.2k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -702.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -521.9k |
| Starboard Value LP | Reduced | -469.0k |
| VIKING GLOBAL INVESTORS LP | Sold out | -464.1k |
| FRANKLIN RESOURCES INC | Reduced | -435.8k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -409.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $444.8m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $262.9m703.6k shares |
| STEADFAST CAPITAL MANAGEMENT LP | New | $242.2m648.3k shares |
| JANE STREET GROUP, LLC | Added | $114.5m306.5k shares |
| IMC-Chicago, LLC | Added | $102.5m274.4k shares |
| WOLVERINE TRADING, LLC | Added | $84.3m225.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $69.3m185.5k shares |
| Twin Tree Management, LP | Added | $68.0m182.0k shares |
| UBS Group AG | Added | $66.5m178.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $66.4m177.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $267.7m716.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $238.2m637.4k shares |
| UBS Group AG | Reduced | $172.5m461.6k shares |
| JANE STREET GROUP, LLC | Added | $126.9m339.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $85.9m229.8k shares |
| IMC-Chicago, LLC | Reduced | $81.1m217.0k shares |
| D. E. Shaw & Co., Inc. | Added | $78.8m211.0k shares |
| GROUP ONE TRADING LLC | Added | $77.4m207.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $50.4m134.8k shares |
| JPMORGAN CHASE & CO | Added | $49.3m132.0k 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 |
|---|---|
| DODGE & COX 13G · institution +1.0 pts · filed 2026-05-14 | 9.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
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 2022 | 0 | — | 2 | $4.4m | — |
| Q4 2022 | 0 | — | 8 | $45.2m | — |
| Q1 2023 | 0 | — | 3 | $11.3m | — |
| Q2 2023 | 0 | — | 1 | $2.2m | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $200.1k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 11.0m $4.1bn | Reduced -80.3k |
| BlackRock Inc. 0.09% of their portfolio | 11.0m $4.1bn | Added +209.9k |
| STATE STREET CORP 0.09% of their portfolio | 5.3m $2.0bn | Reduced -307.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.31% of their portfolio | 4.6m $1.7bn | Reduced -895.2k |
| Dodge & Cox 0.97% of their portfolio | 4.3m $1.6bn | New |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 3.9m $1.4bn | Reduced -1.7m |
| EAGLE CAPITAL MANAGEMENT LLC 4.47% of their portfolio | 3.2m $1.2bn | Added +2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 2.8m $1.1bn | Added +360.0k |
| FMR LLC 0.07% of their portfolio | 2.7m $1.0bn | Reduced -963.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.12% of their portfolio | 2.7m $997.4m | Added +270.1k |
| PZENA INVESTMENT MANAGEMENT LLC 3.05% of their portfolio | 2.3m $866.3m | Added +2.0m |
| Davis Selected Advisers 5.02% of their portfolio | 2.3m $863.6m | Added +321.2k |
| MORGAN STANLEY 0.06% of their portfolio | 2.0m $740.0m | Reduced -3.0m |
| Capital World Investors 0.12% of their portfolio | 2.0m $735.2m | Reduced -177.3k |
| Invesco Ltd. 0.13% of their portfolio | 1.6m $599.7m | Added +5.1k |
| MARSHALL WACE, LLP 0.75% of their portfolio | 1.4m $532.6m | Added +774.1k |
| Capital Research Global Investors 0.12% of their portfolio | 1.4m $525.2m | New |
| NORGES BANK 0.07% of their portfolio | 1.3m $485.3m | Reduced -189.7k |
| CITADEL ADVISORS LLC 0.48% of their portfolio | 1.3m $483.5m | Added +219.9k |
| Sanders Capital, LLC 0.66% of their portfolio | 1.2m $432.1m | Added +38.2k |
| Newport Trust Company, LLC 1.08% of their portfolio | 1.1m $428.1m | Reduced -52.3k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 1.1m $427.9m | Reduced -2.7k |
| FRANKLIN RESOURCES INC 0.13% of their portfolio | 1.1m $426.9m | Reduced -435.8k |
| ONTARIO TEACHERS PENSION PLAN BOARD 4.03% of their portfolio | 1.1m $411.6m | Added +42.1k |
| TWO SIGMA ADVISERS, LP 0.85% of their portfolio | 1.0m $380.8m | Reduced -31.5k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 1.0m $380.4m | Added +20.9k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 959.7k $358.6m | Added +340.0k |
| Legal & General Group Plc 0.10% of their portfolio | 958.9k $358.3m | Reduced -19.5k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 943.5k $352.6m | Reduced -14.7k |
| T. Rowe Price Investment Management, Inc. 0.22% of their portfolio | 926.8k $346.3m | Added +269.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 873.1k $326.2m | Added +52.8k |
| JANUS HENDERSON GROUP PLC 0.17% of their portfolio | 850.2k $317.7m | Reduced -124.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 847.9k $316.8m | Added +112.5k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 838.0k $313.1m | Reduced -5.3k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.29% of their portfolio | 806.6k $301.4m | Reduced -55.4k |
| Ensign Peak Advisors, Inc 0.53% of their portfolio | 782.3k $292.3m | Added +264.3k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 761.9k $284.7m | Reduced -175.9k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 685.8k $256.2m | Reduced -51.2k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.87% of their portfolio | 680.7k $254.4m | Reduced -203.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.98% of their portfolio | 634.9k $237.2m | Added +93.9k |
| Allspring Global Investments Holdings, LLC 0.38% of their portfolio | 624.3k $233.3m | Added +3.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.75% of their portfolio | 578.5k $216.2m | Added +60.1k |
| MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio | 555.9k $207.7m | Added +140.7k |
| Amundi 0.07% of their portfolio | 538.0k $195.2m | Reduced -31.6k |
| Holocene Advisors, LP 0.82% of their portfolio | 524.2k $195.9m | Reduced -155.9k |
| STEADFAST CAPITAL MANAGEMENT LP 4.65% of their portfolio | 522.6k $195.3m | Added +64.6k |
| Starboard Value LP 4.41% of their portfolio | 507.0k $189.4m | Reduced -469.0k |
| Point72 Asset Management, L.P. 0.59% of their portfolio | 489.2k $182.8m | Added +362.2k |
| D. E. Shaw & Co., Inc. 0.25% of their portfolio | 472.7k $176.6m | Added +40.8k |
| California Public Employees Retirement System 0.13% of their portfolio | 466.2k $174.2m | Reduced -46.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 450.1k $168.2m | Reduced -77.1k |
| UBS Group AG 0.05% of their portfolio | 445.4k $166.4m | Reduced -29.3k |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 435.0k $163.1m | Added +61.2k |
| BAUPOST GROUP LLC/MA 4.32% of their portfolio | 420.0k $156.9m | New |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 402.5k $150.4m | Added +75.6k |
| Camber Capital Management LP 5.77% of their portfolio | 400.0k $149.5m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.13% of their portfolio | 386.5k $144.4m | Reduced -401.5k |
| Thrivent Financial for Lutherans 0.29% of their portfolio | 385.8k $144.1m | Added +333.6k |
| Artisan Partners Limited Partnership 0.21% of their portfolio | 361.8k $135.2m | Added +69.5k |
| Swiss National Bank 0.09% of their portfolio | 356.9k $133.4m | Reduced -11.8k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 351.9k $131.5m | Added +36.8k |
| Russell Investments Group, Ltd. 0.20% of their portfolio | 330.8k $122.5m | Added +20.0k |
| Balyasny Asset Management L.P. 0.32% of their portfolio | 326.7k $122.1m | Added +5.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 323.4k $120.8m | Reduced -14.3k |
| High Ground Investment Management LLP 46.62% of their portfolio | 320.0k $119.6m | Added +93.0k |
| JENNISON ASSOCIATES LLC 0.08% of their portfolio | 319.8k $119.5m | Added +184.6k |
| BARCLAYS PLC 0.05% of their portfolio | 319.0k $119.2m | Reduced -35.3k |
| CCLA Investment Management 1.78% of their portfolio | 316.9k $115.3m | Added +3.2k |
| National Pension Service 0.13% of their portfolio | 313.4k $117.1m | Added +5.9k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 305.5k $114.2m | Reduced -101.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.42% of their portfolio | 302.8k $113.1m | Reduced -521.9k |
| Ceredex Value Advisors LLC 2.10% of their portfolio | 296.3k $111.0m | Reduced -128.8k |
| FIL Ltd 0.11% of their portfolio | 292.1k $109.1m | Reduced -28.1k |
| MANNING & NAPIER ADVISORS LLC 1.22% of their portfolio | 290.1k $108.4m | First filing |
| TWO SIGMA INVESTMENTS, LP 0.25% of their portfolio | 278.3k $104.0m | Reduced -409.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 275.8k $103.1m | Reduced -3.1k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 260.4k $97.3m | Reduced -14.6k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 251.6k $94.0m | Added +52.0k |
| HAWK RIDGE CAPITAL MANAGEMENT LP 3.95% of their portfolio | 245.7k $91.8m | Added +30.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 231.7k $86.6m | Reduced -31.0k |
| DENDUR CAPITAL LP 15.76% of their portfolio | 227.5k $85.0m | Added +4.5k |
| Allianz Asset Management GmbH 0.14% of their portfolio | 226.5k $84.6m | Added +92.0k |
| DNB Asset Management AS 0.38% of their portfolio | 214.9k $80.3m | Added +12.9k |
| Boston Partners 0.09% of their portfolio | 200.8k $75.0m | Reduced -6.2k |
| Solel Partners LP 12.16% of their portfolio | 199.8k $74.7m | Added +65.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 194.0k $72.5m | Reduced -2.8k |
| MAVERICK CAPITAL LTD 1.36% of their portfolio | 191.6k $71.6m | Added +55.7k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 181.5k $67.8m | Reduced -59.2k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 172.1k $64.3m | Added +94.9k |
| CITIGROUP INC 0.06% of their portfolio | 171.8k $64.2m | Added +21.3k |
| APG Asset Management N.V. 0.10% of their portfolio | 166.8k $58.2m | Reduced -16.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 166.7k $62.3m | Added +4.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 161.8k $60.5m | Added +18.1k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 159.7k $59.7m | Added +10.3k |
| Marex Group Ltd 1.50% of their portfolio | 149.1k $55.7m | Added +21.3k |
| Rock Springs Capital Management LP 1.66% of their portfolio | 147.4k $55.1m | Unchanged |
| NATIXIS 0.31% of their portfolio | 133.3k $49.8m | Reduced -1.2k |
| Junto Capital Management LP 1.09% of their portfolio | 132.8k $49.6m | New |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.33% of their portfolio | 128.7k $48.1m | Reduced -74.8k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 127.1k $47.5m | Reduced -184.2k |