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 ($171.6m this quarter). Holder counts are more reliable. Shares outstanding: 120.4m as of 2024-09-30, 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 ≈ $313.83. Options: 52 managers hold calls ($2.1bn notional), 46 hold puts ($1.8bn).
Trends to Q3 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 |
| Q3 2024 | 945 |
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 |
| Q3 2024 | 408 | 506 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $1.8bn | $1.8bn | 1.04 |
| Q1 2024 | $1.6bn | $1.8bn | 1.11 |
| Q2 2024 | $1.8bn | $1.6bn | 0.85 |
| Q3 2024 | $2.1bn | $1.8bn | 0.86 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.3m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +738.7k |
| FMR LLC | Added | +643.3k |
| Dodge & Cox | Added | +625.5k |
| T. Rowe Price Investment Management, Inc. | Added | +518.1k |
| TWO SIGMA INVESTMENTS, LP | Added | +472.6k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +441.8k |
| NEUBERGER BERMAN GROUP LLC | Added | +346.0k |
| Invesco Ltd. | Added | +242.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +225.0k |
Biggest sellers
| Capital Research Global Investors | Sold out | -1.4m |
| MARSHALL WACE, LLP | Reduced | -982.0k |
| CITADEL ADVISORS LLC | Reduced | -776.7k |
| STEADFAST CAPITAL MANAGEMENT LP | Sold out | -522.6k |
| Holocene Advisors, LP | Reduced | -506.9k |
| Point72 Asset Management, L.P. | Sold out | -489.2k |
| MORGAN STANLEY | Reduced | -436.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -424.9k |
| BAUPOST GROUP LLC/MA | Sold out | -420.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -328.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $493.3m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $269.3m850.2k shares |
| STEADFAST CAPITAL MANAGEMENT LP | Unchanged | $205.3m648.3k shares |
| Parsifal Capital Management, LP | New | $174.2m550.0k shares |
| IMC-Chicago, LLC | Added | $126.2m398.4k shares |
| JANE STREET GROUP, LLC | Added | $110.1m347.6k shares |
| JPMORGAN CHASE & CO | Added | $100.2m316.2k shares |
| SIMPLEX TRADING, LLC | Added | $76.0m240.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $62.4m195.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $50.0m157.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $386.3m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $370.0m1.2m shares |
| UBS Group AG | Added | $149.2m470.9k shares |
| IMC-Chicago, LLC | Added | $93.2m294.3k shares |
| JANE STREET GROUP, LLC | Reduced | $86.1m271.7k shares |
| WOLVERINE TRADING, LLC | Added | $85.4m267.2k shares |
| SIMPLEX TRADING, LLC | Added | $83.0m261.9k shares |
| JPMORGAN CHASE & CO | Added | $76.8m242.6k shares |
| D. E. Shaw & Co., Inc. | Reduced | $60.2m190.1k shares |
| GROUP ONE TRADING LLC | Reduced | $58.5m184.6k 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 |
|---|---|
| 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.08% of their portfolio | 11.3m $3.6bn | First filing |
| VANGUARD GROUP INC 0.06% of their portfolio | 11.1m $3.5bn | Added +81.4k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 6.1m $1.9bn | Added +2.3m |
| STATE STREET CORP 0.07% of their portfolio | 5.4m $1.7bn | Added +53.3k |
| Dodge & Cox 0.88% of their portfolio | 4.9m $1.6bn | Added +625.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.25% of their portfolio | 4.6m $1.5bn | Reduced -8.6k |
| FMR LLC 0.07% of their portfolio | 3.4m $1.1bn | Added +643.3k |
| EAGLE CAPITAL MANAGEMENT LLC 3.82% of their portfolio | 3.2m $1.0bn | Added +18.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 2.8m $890.1m | Reduced -2.9k |
| PZENA INVESTMENT MANAGEMENT LLC 2.56% of their portfolio | 2.5m $793.8m | Added +187.9k |
| Davis Selected Advisers 4.10% of their portfolio | 2.3m $731.5m | Reduced -1.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 2.2m $710.9m | Reduced -424.9k |
| Invesco Ltd. 0.11% of their portfolio | 1.8m $585.1m | Added +242.1k |
| Capital World Investors 0.08% of their portfolio | 1.7m $547.7m | Reduced -238.7k |
| MORGAN STANLEY 0.04% of their portfolio | 1.5m $489.0m | Reduced -436.7k |
| T. Rowe Price Investment Management, Inc. 0.28% of their portfolio | 1.4m $457.6m | Added +518.1k |
| NORGES BANK 0.06% of their portfolio | 1.3m $425.7m | Added +45.1k |
| ONTARIO TEACHERS PENSION PLAN BOARD 3.35% of their portfolio | 1.2m $371.7m | Added +71.9k |
| Sanders Capital, LLC 0.54% of their portfolio | 1.2m $370.1m | Added +11.9k |
| Newport Trust Company, LLC 0.87% of their portfolio | 1.1m $357.6m | Reduced -16.7k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 1.1m $355.5m | Added +177.5k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 1.1m $336.5m | Reduced -82.8k |
| TWO SIGMA ADVISERS, LP 0.77% of their portfolio | 1.0m $330.5m | Added +24.5k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 1.0m $329.6m | Added +22.4k |
| Legal & General Group Plc 0.08% of their portfolio | 953.3k $301.9m | Reduced -5.6k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 936.1k $250.5m | Reduced -206.5k |
| JANUS HENDERSON GROUP PLC 0.15% of their portfolio | 903.4k $286.1m | Added +53.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 899.2k $284.8m | Added +26.1k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 891.3k $282.3m | Reduced -68.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 857.0k $271.4m | Added +9.1k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 839.3k $264.2m | Added +77.4k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 828.2k $262.3m | Added +142.4k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 820.0k $259.7m | Reduced -18.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.02% of their portfolio | 793.5k $251.3m | Reduced -13.1k |
| TWO SIGMA INVESTMENTS, LP 0.54% of their portfolio | 750.9k $237.8m | Added +472.6k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 1.47% of their portfolio | 739.0k $535.6k | Added +738.7k |
| Ensign Peak Advisors, Inc 0.40% of their portfolio | 725.3k $229.7m | Reduced -57.0k |
| Allspring Global Investments Holdings, LLC 0.33% of their portfolio | 681.3k $215.8m | Added +57.0k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.66% of their portfolio | 637.8k $202.0m | Reduced -42.9k |
| Thrivent Financial for Lutherans 0.36% of their portfolio | 600.3k $190.1m | Added +214.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.72% of their portfolio | 587.7k $186.1m | Reduced -47.2k |
| Amundi 0.05% of their portfolio | 562.6k $136.8m | Added +24.6k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 534.3k $169.2m | Added +131.8k |
| D. E. Shaw & Co., Inc. 0.22% of their portfolio | 528.1k $167.3m | Added +55.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.61% of their portfolio | 527.8k $167.2m | Added +225.0k |
| CITADEL ADVISORS LLC 0.17% of their portfolio | 517.4k $163.9m | Reduced -776.7k |
| UBS Group AG 0.05% of their portfolio | 510.1k $161.6m | Added +64.6k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.53% of their portfolio | 505.3k $160.1m | Reduced -73.2k |
| NEUBERGER BERMAN GROUP LLC 0.12% of their portfolio | 473.1k $149.8m | Added +346.0k |
| California Public Employees Retirement System 0.10% of their portfolio | 457.7k $145.0m | Reduced -8.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.21% of their portfolio | 444.5k $140.8m | Added +441.8k |
| MARSHALL WACE, LLP 0.18% of their portfolio | 443.3k $140.4m | Reduced -982.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 392.2k $124.2m | Reduced -58.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 391.7k $124.1m | Added +115.8k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 376.9k $120.1m | Reduced -58.1k |
| Artisan Partners Limited Partnership 0.17% of their portfolio | 367.3k $116.3m | Added +5.5k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 361.4k $114.5m | Added +9.4k |
| Ceredex Value Advisors LLC 2.23% of their portfolio | 360.4k $114.5m | Added +64.1k |
| Swiss National Bank 0.07% of their portfolio | 357.6k $113.3m | Added +700 |
| BARCLAYS PLC 0.05% of their portfolio | 357.0k $113.1m | Added +37.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio | 347.7k $110.1m | Added +116.0k |
| Allianz Asset Management GmbH 0.17% of their portfolio | 339.5k $107.5m | Added +113.0k |
| National Pension Service 0.10% of their portfolio | 336.5k $106.6m | Added +23.1k |
| JENNISON ASSOCIATES LLC 0.07% of their portfolio | 333.7k $105.7m | Added +13.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 325.4k $103.1m | Added +2.0k |
| Russell Investments Group, Ltd. 0.15% of their portfolio | 317.0k $100.7m | Reduced -13.8k |
| CCLA Investment Management 1.78% of their portfolio | 316.9k $115.3m | Unchanged |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 296.9k $94.0m | Reduced -8.6k |
| High Ground Investment Management LLP 43.15% of their portfolio | 295.8k $93.7m | Reduced -24.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.16% of their portfolio | 293.9k $93.1m | Added +193.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 274.8k $87.0m | Reduced -111.6k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 247.7k $78.4m | Reduced -12.7k |
| MANNING & NAPIER ADVISORS LLC 0.85% of their portfolio | 244.7k $77.5m | Reduced -45.4k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 227.7k $72.1m | Reduced -328.3k |
| Boston Partners 0.08% of their portfolio | 205.1k $64.9m | Added +4.3k |
| DNB Asset Management AS 0.29% of their portfolio | 200.2k $63.4m | Reduced -14.6k |
| Camber Capital Management LP 2.46% of their portfolio | 200.0k $63.3m | Reduced -200.0k |
| MAVERICK CAPITAL LTD 1.22% of their portfolio | 197.9k $62.7m | Added +6.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 194.5k $61.6m | Added +518 |
| Starboard Value LP 1.29% of their portfolio | 191.0k $60.5m | Reduced -316.0k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 189.2k $60.5m | Added +29.5k |
| NATIXIS 0.36% of their portfolio | 186.5k $59.1m | Added +53.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 186.1k $59.0m | Added +4.6k |
| Caisse de depot et placement du Quebec 0.12% of their portfolio | 183.7k $58.2m | Reduced -67.9k |
| ARMISTICE CAPITAL, LLC 1.48% of their portfolio | 178.1k $56.4m | Added +74.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 172.7k $54.7m | Added +10.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 170.6k $54.0m | Added +4.0k |
| Employees Retirement System of Texas 0.45% of their portfolio | 165.7k $52.5m | New |
| CITIGROUP INC 0.05% of their portfolio | 160.9k $51.0m | Reduced -10.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.37% of their portfolio | 158.2k $50.1m | New |
| Rock Springs Capital Management LP 1.53% of their portfolio | 148.0k $46.9m | Added +592 |
| TimesSquare Capital Management, LLC 0.70% of their portfolio | 146.5k $46.4m | New |
| HAWK RIDGE CAPITAL MANAGEMENT LP 1.96% of their portfolio | 143.1k $45.3m | Reduced -102.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 130.3k $41.3m | Added +19.0k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 129.9k $41.2m | Added +2.8k |
| Avidity Partners Management LP 2.10% of their portfolio | 129.7k $41.1m | New |
| TWINBEECH CAPITAL LP 0.78% of their portfolio | 129.2k $40.9m | Added +124.1k |
| FIL Ltd 0.04% of their portfolio | 126.8k $40.2m | Reduced -165.2k |
| Leith Wheeler Investment Counsel Ltd. 2.78% of their portfolio | 125.2k $39.7m | Added +59.6k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.27% of their portfolio | 123.4k $39.1m | Reduced -5.3k |