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 ($80.7m this quarter). Holder counts are more reliable. Shares outstanding: 120.3m as of 2025-06-30, 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 ≈ $244.49. Options: 43 managers hold calls ($2.1bn notional), 35 hold puts ($1.4bn).
Trends to Q2 2025
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 |
| Q4 2024 | 878 |
| Q1 2025 | 904 |
| Q2 2025 | 880 |
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 | 509 | 502 |
| Q4 2023 | 511 | 521 |
| Q1 2024 | 463 | 647 |
| Q2 2024 | 441 | 540 |
| Q3 2024 | 408 | 506 |
| Q4 2024 | 372 | 563 |
| Q1 2025 | 447 | 418 |
| Q2 2025 | 416 | 454 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $2.1bn | $1.8bn | 0.86 |
| Q4 2024 | $1.9bn | $1.7bn | 0.91 |
| Q1 2025 | $2.4bn | $1.6bn | 0.68 |
| Q2 2025 | $2.1bn | $1.4bn | 0.68 |
Biggest buyers
| Sessa Capital IM, L.P. | Added | +1.7m |
| EAGLE CAPITAL MANAGEMENT LLC | Added | +806.2k |
| Dodge & Cox | Added | +597.7k |
| FMR LLC | Added | +588.2k |
| 8 KNOTS MANAGEMENT, LLC | Added | +384.3k |
| Man Group plc | Added | +373.1k |
| Marex Group Ltd | New | +305.7k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +305.3k |
| Point72 Asset Management, L.P. | Added | +288.7k |
| Holocene Advisors, LP | New | +264.2k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.5m |
| Sanders Capital, LLC | Sold out | -1.2m |
| BlackRock, Inc. | Reduced | -803.4k |
| Boston Partners | Reduced | -717.4k |
| Davis Selected Advisers | Reduced | -678.6k |
| Camber Capital Management LP | Reduced | -425.0k |
| ONTARIO TEACHERS PENSION PLAN BOARD | Reduced | -412.5k |
| UBS Group AG | Reduced | -295.5k |
| TWO SIGMA ADVISERS, LP | Reduced | -285.1k |
| Squarepoint Ops LLC | Reduced | -263.5k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $346.3m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $303.0m1.2m shares |
| JANE STREET GROUP, LLC | Added | $167.7m685.8k shares |
| STEADFAST CAPITAL MANAGEMENT LP | Unchanged | $158.5m648.3k shares |
| Sessa Capital IM, L.P. | Unchanged | $127.5m521.6k shares |
| CITIGROUP INC | Added | $112.9m461.7k shares |
| Two Seas Capital LP | New | $100.6m411.5k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $89.4m365.8k shares |
| IMC-Chicago, LLC | Added | $75.0m306.8k shares |
| Longaeva Partners L.P. | New | $73.3m300.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $318.2m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $227.8m931.7k shares |
| IMC-Chicago, LLC | Added | $87.8m359.3k shares |
| Marex Group Ltd | New | $74.6m305.0k shares |
| Walleye Trading LLC | Added | $69.7m285.2k shares |
| UBS Group AG | Reduced | $67.6m276.6k shares |
| JANE STREET GROUP, LLC | Added | $64.0m261.6k shares |
| Caption Management, LLC | Added | $58.1m237.7k shares |
| WOLVERINE TRADING, LLC | Added | $47.2m195.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $41.1m168.0k 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 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 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $200.1k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $948.9k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $1.5m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-14 | Rechtin James A. President & CEO · See Footnote | Bought | $1.5m6.5k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 14.2m $3.5bn | Added +226.2k |
| Dodge & Cox 1.56% of their portfolio | 11.4m $2.8bn | Added +597.7k |
| BlackRock, Inc. 0.05% of their portfolio | 10.2m $2.5bn | Reduced -803.4k |
| STATE STREET CORP 0.05% of their portfolio | 5.4m $1.3bn | Added +58.1k |
| PZENA INVESTMENT MANAGEMENT LLC 3.24% of their portfolio | 4.1m $996.7m | Added +247.7k |
| EAGLE CAPITAL MANAGEMENT LLC 3.18% of their portfolio | 3.9m $965.6m | Added +806.2k |
| FMR LLC 0.04% of their portfolio | 3.1m $769.4m | Added +588.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 3.1m $762.2m | Added +57.3k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 3.0m $736.7m | Added +167.5k |
| Sessa Capital IM, L.P. 15.80% of their portfolio | 2.1m $519.3m | Added +1.7m |
| Invesco Ltd. 0.08% of their portfolio | 2.0m $493.2m | Reduced -231.7k |
| Davis Selected Advisers 2.16% of their portfolio | 1.7m $404.1m | Reduced -678.6k |
| NORGES BANK 0.05% of their portfolio | 1.6m $397.1m | Reduced -76.5k |
| MORGAN STANLEY 0.02% of their portfolio | 1.6m $380.5m | Added +153.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.10% of their portfolio | 1.4m $339.4m | Added +151.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.4m $331.6m | Added +219.8k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.2m $287.8m | Reduced -19.5k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.2m $284.7m | Added +59.3k |
| Newport Trust Company, LLC 0.64% of their portfolio | 1.1m $266.9m | Reduced -2.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.1m $266.7m | Added +45.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 1.0m $251.9m | Reduced -1.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 934.8k $228.5m | Added +227.4k |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 921.3k $223.4m | Reduced -241.3k |
| Legal & General Group Plc 0.05% of their portfolio | 898.8k $219.7m | Reduced -103.0k |
| D. E. Shaw & Co., Inc. 0.21% of their portfolio | 845.4k $206.7m | Reduced -5.5k |
| TWO SIGMA INVESTMENTS, LP 0.36% of their portfolio | 823.2k $201.3m | Reduced -33.6k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 813.0k $198.8m | Reduced -258.3k |
| TWO SIGMA ADVISERS, LP 0.38% of their portfolio | 767.4k $187.6m | Reduced -285.1k |
| Artisan Partners Limited Partnership 0.27% of their portfolio | 731.5k $178.8m | Added +19.3k |
| CITADEL ADVISORS LLC 0.15% of their portfolio | 703.1k $171.9m | Reduced -776 |
| Allspring Global Investments Holdings, LLC 0.29% of their portfolio | 689.6k $174.2m | Reduced -68.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 657.0k $160.6m | Reduced -58.7k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 655.8k $160.3m | Added +61.0k |
| Southpoint Capital Advisors LP 3.69% of their portfolio | 600.0k $146.7m | Reduced -150.0k |
| Man Group plc 0.31% of their portfolio | 580.9k $142.0m | Added +373.1k |
| Capital World Investors 0.02% of their portfolio | 568.2k $138.9m | Added +2.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio | 546.6k $133.6m | Reduced -110.1k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 509.5k $124.6m | Reduced -103.3k |
| High Ground Investment Management LLP 25.39% of their portfolio | 495.4k $121.1m | Added +64.9k |
| Allianz Asset Management GmbH 0.16% of their portfolio | 492.1k $120.3m | Added +24.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio | 458.2k $112.0m | Added +305.3k |
| 8 KNOTS MANAGEMENT, LLC 15.47% of their portfolio | 441.6k $108.0m | Added +384.3k |
| Point72 Asset Management, L.P. 0.25% of their portfolio | 436.8k $106.8m | Added +288.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio | 436.0k $106.6m | Added +169.1k |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 433.9k $106.1m | Reduced -121.4k |
| Nuveen, LLC 0.03% of their portfolio | 429.8k $105.1m | Reduced -217.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 402.9k $98.5m | Added +72.5k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 397.5k $97.1m | Reduced -24.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 394.3k $96.4m | Added +89.2k |
| Amundi 0.03% of their portfolio | 387.3k $94.4m | Reduced -7.4k |
| Swiss National Bank 0.05% of their portfolio | 365.4k $89.3m | Added +25.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 354.4k $86.6m | Added +1.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.31% of their portfolio | 349.0k $85.3m | Reduced -123.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.13% of their portfolio | 344.5k $84.2m | Reduced -117.9k |
| FIL Ltd 0.07% of their portfolio | 341.8k $83.6m | Added +246.5k |
| Marex Group Ltd 1.42% of their portfolio | 305.7k $74.7m | New |
| BARCLAYS PLC 0.03% of their portfolio | 305.3k $74.6m | Added +15.8k |
| Camber Capital Management LP 10.22% of their portfolio | 300.0k $73.3m | Reduced -425.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 298.8k $73.1m | Reduced -32.5k |
| Squarepoint Ops LLC 0.15% of their portfolio | 274.3k $67.0m | Reduced -263.5k |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 272.0k $66.5m | Added +208.1k |
| Holocene Advisors, LP 0.16% of their portfolio | 264.2k $64.6m | New |
| ONTARIO TEACHERS PENSION PLAN BOARD 1.28% of their portfolio | 254.2k $62.1m | Reduced -412.5k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 253.7k $62.0m | Reduced -93.8k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 251.4k $61.5m | Added +5.4k |
| UBS Group AG 0.01% of their portfolio | 250.1k $61.1m | Reduced -295.5k |
| BANK OF NOVA SCOTIA 0.12% of their portfolio | 242.4k $59.3m | Added +166.5k |
| Ensign Peak Advisors, Inc 0.10% of their portfolio | 238.5k $58.3m | Reduced -135.7k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 236.3k $57.8m | Added +3.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 230.9k $56.5m | Added +14.2k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 228.3k $55.7m | Reduced -6.0k |
| California Public Employees Retirement System 0.03% of their portfolio | 217.9k $53.3m | Added +23.1k |
| Retirement Systems of Alabama 0.19% of their portfolio | 213.3k $52.2m | Reduced -3.4k |
| Teewinot Capital Advisers, L.L.C. 4.28% of their portfolio | 212.9k $52.1m | New |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 206.0k $50.4m | Added +6.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.10% of their portfolio | 201.6k $49.3m | Added +187.5k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 199.2k $48.7m | Added +167.8k |
| Brandywine Global Investment Management, LLC 0.34% of their portfolio | 195.1k $47.7m | Added +2.3k |
| Owl Creek Asset Management, L.P. 6.25% of their portfolio | 194.0k $47.4m | Added +69.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.24% of their portfolio | 193.6k $47.3m | Reduced -74.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 185.1k $45.2m | Reduced -8.0k |
| National Pension Service 0.04% of their portfolio | 184.5k $45.1m | Reduced -18.5k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 175.2k $42.8m | Added +126.7k |
| Aberdeen Group plc 0.07% of their portfolio | 172.2k $41.8m | Added +40.5k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 169.9k $41.5m | Added +38.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 167.1k $40.9m | Added +11.5k |
| Crake Asset Management LLP 2.15% of their portfolio | 166.9k $40.8m | New |
| South Dakota Investment Council 0.77% of their portfolio | 165.3k $40.4m | Added +9.2k |
| Susquehanna Portfolio Strategies, LLC 0.87% of their portfolio | 162.6k $39.8m | New |
| Columbus Hill Capital Management, L.P. 5.57% of their portfolio | 158.2k $38.7m | Added +31.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 157.5k $38.5m | Added +67.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 155.3k $38.0m | Added +11.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio | 153.1k $37.4m | Added +151.7k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 149.8k $36.6m | Added +6.3k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 141.0k $34.5m | Added +57.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 140.3k $34.3m | Added +247 |
| CITIGROUP INC 0.02% of their portfolio | 128.0k $31.3m | Reduced -95.9k |
| CAPITAL FUND MANAGEMENT S.A. 0.34% of their portfolio | 127.3k $31.1m | Added +106.5k |
| NATIXIS 0.15% of their portfolio | 126.3k $30.9m | Added +34.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 124.8k $30.5m | Added +121.7k |