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 ($42.0m this quarter). Holder counts are more reliable. Shares outstanding: 120.3m as of 2025-09-30, 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 ≈ $260.04. Options: 49 managers hold calls ($2.4bn notional), 40 hold puts ($1.5bn).
Trends to Q3 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 |
| Q3 2025 | 893 |
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 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 |
| Q3 2025 | 456 | 412 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $1.9bn | $1.7bn | 0.91 |
| Q1 2025 | $2.4bn | $1.6bn | 0.68 |
| Q2 2025 | $2.1bn | $1.4bn | 0.68 |
| Q3 2025 | $2.4bn | $1.5bn | 0.64 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +7.1m |
| Capital International Investors | New | +2.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +2.6m |
| Bank of New York Mellon Corp | Added | +1.1m |
| NAYA CAPITAL MANAGEMENT UK LTD | New | +781.6k |
| NEUBERGER BERMAN GROUP LLC | Added | +512.8k |
| GOLDMAN SACHS GROUP INC | Added | +271.6k |
| Allspring Global Investments Holdings, LLC | Added | +267.1k |
| Maple Rock Capital Partners Inc. | Added | +178.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +176.3k |
Biggest sellers
| Davis Selected Advisers | Reduced | -1.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.0m |
| Southpoint Capital Advisors LP | Sold out | -600.0k |
| Capital World Investors | Sold out | -568.2k |
| Man Group plc | Reduced | -497.5k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -451.8k |
| 8 KNOTS MANAGEMENT, LLC | Sold out | -441.6k |
| TWO SIGMA ADVISERS, LP | Reduced | -387.1k |
| CITADEL ADVISORS LLC | Reduced | -381.1k |
| Point72 Asset Management, L.P. | Reduced | -374.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $514.9m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $299.2m1.1m shares |
| STEADFAST CAPITAL MANAGEMENT LP | Unchanged | $168.7m648.3k shares |
| JANE STREET GROUP, LLC | Reduced | $157.3m604.6k shares |
| Sessa Capital IM, L.P. | Unchanged | $135.7m521.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $125.1m480.7k shares |
| IMC-Chicago, LLC | Added | $114.7m440.8k shares |
| GROUP ONE TRADING LLC | Added | $93.9m360.8k shares |
| JPMORGAN CHASE & CO | Added | $86.8m333.6k shares |
| WOLVERINE TRADING, LLC | Added | $76.1m298.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $331.9m1.3m shares |
| CITADEL ADVISORS LLC | Added | $320.9m1.2m shares |
| IMC-Chicago, LLC | Added | $108.4m416.8k shares |
| Walleye Trading LLC | Added | $80.3m308.6k shares |
| JANE STREET GROUP, LLC | Added | $69.9m268.5k shares |
| BARCLAYS PLC | New | $54.8m210.8k shares |
| GROUP ONE TRADING LLC | Added | $53.9m207.3k shares |
| WOLVERINE TRADING, LLC | Added | $52.7m206.3k shares |
| UBS Group AG | Reduced | $49.8m191.3k shares |
| JPMORGAN CHASE & CO | New | $44.1m169.6k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 14.2m $3.7bn | Reduced -43.3k |
| Dodge & Cox 1.59% of their portfolio | 11.3m $2.9bn | Reduced -14.7k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 10.2m $2.6bn | Added +7.1m |
| BlackRock, Inc. 0.05% of their portfolio | 9.9m $2.6bn | Reduced -306.8k |
| STATE STREET CORP 0.05% of their portfolio | 5.4m $1.4bn | Reduced -12.1k |
| PZENA INVESTMENT MANAGEMENT LLC 3.39% of their portfolio | 4.0m $1.0bn | Reduced -45.6k |
| EAGLE CAPITAL MANAGEMENT LLC 3.28% of their portfolio | 4.0m $1.0bn | Added +16.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.28% of their portfolio | 3.5m $907.5m | Added +2.6m |
| FMR LLC 0.04% of their portfolio | 3.3m $848.3m | Added +113.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 3.2m $819.0m | Added +30.0k |
| Capital International Investors 0.11% of their portfolio | 2.7m $707.7m | New |
| Sessa Capital IM, L.P. 14.47% of their portfolio | 2.2m $575.7m | Added +88.9k |
| Invesco Ltd. 0.08% of their portfolio | 2.0m $531.6m | Added +25.9k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 1.7m $446.9m | Added +1.1m |
| MORGAN STANLEY 0.03% of their portfolio | 1.7m $443.4m | Added +148.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.10% of their portfolio | 1.4m $354.5m | Reduced -26.0k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.2m $324.9m | Added +84.4k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.2m $310.3m | Added +15.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.2m $305.6m | Reduced -181.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.2m $301.1m | Added +66.4k |
| Newport Trust Company, LLC 0.63% of their portfolio | 1.1m $277.5m | Reduced -25.0k |
| Allspring Global Investments Holdings, LLC 0.38% of their portfolio | 956.7k $236.1m | Added +267.1k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 927.4k $241.3m | Added +271.6k |
| Legal & General Group Plc 0.05% of their portfolio | 919.0k $239.1m | Added +20.1k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 788.9k $205.3m | Reduced -24.1k |
| NAYA CAPITAL MANAGEMENT UK LTD 17.30% of their portfolio | 781.6k $203.4m | New |
| Artisan Partners Limited Partnership 0.26% of their portfolio | 702.6k $182.8m | Reduced -28.8k |
| D. E. Shaw & Co., Inc. 0.14% of their portfolio | 683.7k $177.9m | Reduced -161.7k |
| TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio | 572.6k $149.0m | Reduced -250.6k |
| NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio | 530.8k $138.1m | Added +512.8k |
| High Ground Investment Management LLP 21.78% of their portfolio | 503.8k $131.1m | Added +8.4k |
| Allianz Asset Management GmbH 0.15% of their portfolio | 478.6k $124.5m | Reduced -13.4k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 469.5k $122.2m | Reduced -451.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 458.5k $119.3m | Added +104.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio | 436.8k $113.6m | Reduced -21.4k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 416.0k $108.2m | Reduced -93.5k |
| BARCLAYS PLC 0.04% of their portfolio | 407.4k $106.0m | Added +102.1k |
| Nuveen, LLC 0.03% of their portfolio | 388.8k $101.2m | Reduced -41.0k |
| Davis Selected Advisers 0.52% of their portfolio | 385.5k $100.3m | Reduced -1.3m |
| TWO SIGMA ADVISERS, LP 0.20% of their portfolio | 380.3k $98.9m | Reduced -387.1k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 358.0k $93.1m | Reduced -39.5k |
| Swiss National Bank 0.05% of their portfolio | 347.9k $90.5m | Reduced -17.5k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 322.0k $83.8m | Reduced -381.1k |
| Amundi 0.03% of their portfolio | 306.6k $90.5m | Reduced -80.7k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 303.3k $78.9m | Added +75.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 301.1k $78.3m | Added +176.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 295.2k $76.8m | Reduced -3.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio | 290.2k $75.5m | Added +132.7k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 287.2k $74.7m | Added +81.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.13% of their portfolio | 285.3k $74.2m | Added +83.7k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 284.9k $74.1m | Added +85.7k |
| Maple Rock Capital Partners Inc. 2.98% of their portfolio | 283.3k $73.7m | Added +178.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio | 279.6k $72.7m | Reduced -64.9k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 277.1k $72.1m | Added +38.5k |
| UBS Group AG 0.01% of their portfolio | 271.4k $70.6m | Added +21.3k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 251.4k $65.4m | Reduced -49 |
| AMF Tjanstepension AB 0.25% of their portfolio | 243.5k $63.3m | Added +169.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 240.4k $62.5m | Added +9.5k |
| Aberdeen Group plc 0.10% of their portfolio | 240.3k $62.5m | Added +68.2k |
| Brandywine Global Investment Management, LLC 0.43% of their portfolio | 238.4k $62.0m | Added +43.3k |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 237.5k $61.8m | Added +96.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 236.3k $61.5m | Reduced -310.3k |
| California Public Employees Retirement System 0.04% of their portfolio | 231.4k $60.2m | Added +13.6k |
| CITIGROUP INC 0.04% of their portfolio | 230.2k $59.9m | Added +102.1k |
| ARGA Investment Management, LP 1.53% of their portfolio | 221.9k $57.7m | Added +167.9k |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 217.2k $56.5m | Added +42.0k |
| Retirement Systems of Alabama 0.18% of their portfolio | 213.1k $55.4m | Reduced -241 |
| FIL Ltd 0.04% of their portfolio | 211.3k $55.0m | Reduced -130.5k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 201.8k $52.5m | Added +52.0k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 193.3k $50.3m | Reduced -60.4k |
| National Pension Service 0.04% of their portfolio | 189.6k $49.3m | Added +5.2k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.32% of their portfolio | 188.7k $49.1m | Added +73.5k |
| Teewinot Capital Advisers, L.L.C. 3.80% of their portfolio | 187.9k $48.9m | Reduced -25.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 181.6k $47.3m | Reduced -3.4k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 177.2k $46.1m | Reduced -256.8k |
| Columbus Hill Capital Management, L.P. 5.93% of their portfolio | 172.9k $45.0m | Added +14.7k |
| Susquehanna Portfolio Strategies, LLC 0.67% of their portfolio | 162.6k $42.3m | Unchanged |
| GENDELL JEFFREY L 0.74% of their portfolio | 154.6k $40.2m | New |
| South Dakota Investment Council 0.75% of their portfolio | 148.8k $38.7m | Reduced -16.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 145.7k $37.9m | Reduced -290.3k |
| Quantinno Capital Management LP 0.10% of their portfolio | 145.2k $37.8m | Added +75.5k |
| Ninety One UK Ltd 0.04% of their portfolio | 143.1k $37.2m | New |
| SEI INVESTMENTS CO 0.04% of their portfolio | 142.0k $36.9m | Added +40.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 136.8k $35.6m | Reduced -257.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 135.6k $35.3m | Reduced -4.6k |
| Long Focus Capital Management, LLC 1.95% of their portfolio | 131.5k $34.2m | New |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 131.0k $34.1m | Reduced -36.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 126.6k $32.9m | Added +71.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 123.8k $32.2m | Reduced -31.5k |
| Squarepoint Ops LLC 0.07% of their portfolio | 120.3k $31.3m | Reduced -153.9k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 118.1k $30.7m | Reduced -1.1k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 112.7k $28.8m | Added +8.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 112.0k $29.1m | Reduced -4.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 110.8k $28.8m | Added +36.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 109.5k $28.5m | Reduced -1.0k |
| Mediolanum International Funds Ltd 0.29% of their portfolio | 108.2k $27.6m | New |
| Redwood Grove Capital, LLC 7.87% of their portfolio | 105.7k $27.5m | Added +43.5k |
| Swedbank AB 0.03% of their portfolio | 105.3k $27.4m | Added +4.9k |
| NATIXIS 0.14% of their portfolio | 103.0k $26.8m | Reduced -23.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 100.7k $26.2m | Unchanged |