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 ($71.3m this quarter). Holder counts are more reliable. Shares outstanding: 120.6m as of 2026-01-31, 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 ≈ $255.97. Options: 38 managers hold calls ($1.5bn notional), 40 hold puts ($1.1bn).
Trends to Q4 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 |
| Q4 2025 | 863 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 336 | 491 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.4bn | $1.6bn | 0.68 |
| Q2 2025 | $2.1bn | $1.4bn | 0.68 |
| Q3 2025 | $2.4bn | $1.5bn | 0.64 |
| Q4 2025 | $1.5bn | $1.1bn | 0.75 |
Biggest buyers
| Capital International Investors | Added | +3.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.2m |
| FRANKLIN RESOURCES INC | Added | +1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +1.0m |
| Slate Path Capital LP | New | +953.0k |
| BlackRock, Inc. | Added | +693.9k |
| Holocene Advisors, LP | New | +611.9k |
| NAYA CAPITAL MANAGEMENT UK LTD | Added | +461.6k |
| Allianz Asset Management GmbH | Added | +405.3k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +400.9k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -5.6m |
| EAGLE CAPITAL MANAGEMENT LLC | Reduced | -711.1k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -558.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -426.8k |
| Allspring Global Investments Holdings, LLC | Reduced | -391.3k |
| Davis Selected Advisers | Sold out | -385.5k |
| TWO SIGMA ADVISERS, LP | Sold out | -380.3k |
| CITADEL ADVISORS LLC | Reduced | -288.3k |
| JANE STREET GROUP, LLC | Reduced | -278.2k |
| MORGAN STANLEY | Reduced | -238.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $377.0m1.5m shares |
| CITADEL ADVISORS LLC | Reduced | $258.7m1.0m shares |
| Point72 Asset Management, L.P. | Added | $114.0m445.0k shares |
| JANE STREET GROUP, LLC | Reduced | $112.3m438.4k shares |
| Sessa Capital IM, L.P. | Reduced | $95.2m371.6k shares |
| GOLDMAN SACHS GROUP INC | Added | $89.7m350.2k shares |
| IMC-Chicago, LLC | Reduced | $89.0m347.6k shares |
| JPMORGAN CHASE & CO | Reduced | $69.3m270.4k shares |
| Walleye Trading LLC | Added | $52.4m204.4k shares |
| GROUP ONE TRADING LLC | Reduced | $48.9m190.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $248.8m971.5k shares |
| CITADEL ADVISORS LLC | Reduced | $167.7m654.8k shares |
| JPMORGAN CHASE & CO | Added | $121.1m472.8k shares |
| IMC-Chicago, LLC | Reduced | $74.0m289.0k shares |
| Walleye Trading LLC | Reduced | $67.8m264.8k shares |
| GOLDMAN SACHS GROUP INC | Added | $60.8m237.5k shares |
| D. E. Shaw & Co., Inc. | Added | $48.5m189.5k shares |
| GROUP ONE TRADING LLC | Reduced | $47.4m185.1k shares |
| UBS Group AG | Reduced | $35.8m139.6k shares |
| JANE STREET GROUP, LLC | Reduced | $35.1m136.9k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 14.3m $3.7bn | Added +106.0k |
| Dodge & Cox 1.56% of their portfolio | 11.3m $2.9bn | Reduced -47.8k |
| BlackRock, Inc. 0.05% of their portfolio | 10.6m $2.7bn | Added +693.9k |
| Capital International Investors 0.23% of their portfolio | 5.8m $1.5bn | Added +3.1m |
| STATE STREET CORP 0.05% of their portfolio | 5.5m $1.4bn | Added +97.2k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 4.6m $1.2bn | Reduced -5.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.37% of their portfolio | 4.5m $1.2bn | Added +1.0m |
| PZENA INVESTMENT MANAGEMENT LLC 3.12% of their portfolio | 4.1m $1.0bn | Added +41.1k |
| EAGLE CAPITAL MANAGEMENT LLC 2.60% of their portfolio | 3.3m $833.5m | Reduced -711.1k |
| FMR LLC 0.04% of their portfolio | 3.2m $823.6m | Reduced -44.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 3.2m $812.5m | Added +23.7k |
| Sessa Capital IM, L.P. 11.80% of their portfolio | 2.3m $593.9m | Added +106.0k |
| Invesco Ltd. 0.05% of their portfolio | 2.2m $572.0m | Added +189.7k |
| Bank of New York Mellon Corp 0.09% of their portfolio | 2.1m $536.5m | Added +376.8k |
| NORGES BANK 0.05% of their portfolio | 1.8m $456.6m | Not comparable |
| MORGAN STANLEY 0.02% of their portfolio | 1.5m $375.4m | Reduced -238.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.05% of their portfolio | 1.4m $349.2m | Added +1.1k |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 1.3m $321.6m | Added +1.1m |
| NAYA CAPITAL MANAGEMENT UK LTD 23.98% of their portfolio | 1.2m $318.4m | Added +461.6k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.2m $314.5m | Reduced -21.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.2m $309.3m | Added +50.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 1.2m $306.5m | Added +1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 1.2m $303.3m | Added +9.5k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.2m $295.3m | Reduced -39.6k |
| Newport Trust Company, LLC 0.60% of their portfolio | 985.7k $252.5m | Reduced -80.8k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 979.5k $250.9m | Added +52.1k |
| Slate Path Capital LP 3.29% of their portfolio | 953.0k $244.1m | New |
| Allianz Asset Management GmbH 0.26% of their portfolio | 883.9k $226.4m | Added +405.3k |
| Legal & General Group Plc 0.05% of their portfolio | 876.3k $224.5m | Reduced -42.6k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 844.6k $216.3m | Added +55.6k |
| Artisan Partners Limited Partnership 0.27% of their portfolio | 684.8k $175.4m | Reduced -17.9k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 661.6k $170.2m | Added +358.3k |
| Holocene Advisors, LP 0.33% of their portfolio | 611.9k $156.7m | New |
| UBS Group AG 0.03% of their portfolio | 578.4k $148.1m | Added +307.0k |
| Allspring Global Investments Holdings, LLC 0.24% of their portfolio | 565.4k $149.5m | Reduced -391.3k |
| High Ground Investment Management LLP 18.42% of their portfolio | 494.0k $126.5m | Reduced -9.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.42% of their portfolio | 492.8k $126.2m | Added +400.9k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 453.5k $116.1m | Reduced -230.2k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 445.4k $114.1m | Added +29.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 434.0k $111.2m | Added +342.6k |
| Amundi 0.03% of their portfolio | 417.9k $107.0m | Added +111.3k |
| Nuveen, LLC 0.03% of their portfolio | 390.5k $100.0m | Added +1.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 387.8k $99.2m | Added +97.6k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 385.8k $98.8m | Reduced -145.0k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 367.7k $94.3m | Added +9.7k |
| BANK OF NOVA SCOTIA 0.14% of their portfolio | 360.8k $92.4m | Added +283.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 354.4k $90.8m | Added +59.2k |
| BARCLAYS PLC 0.04% of their portfolio | 353.6k $90.6m | Reduced -53.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 351.5k $90.0m | Reduced -107.0k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 339.4k $86.9m | Added +52.2k |
| Swiss National Bank 0.05% of their portfolio | 329.5k $84.4m | Reduced -18.4k |
| Brandywine Global Investment Management, LLC 0.54% of their portfolio | 313.9k $80.4m | Added +75.5k |
| Aberdeen Group plc 0.11% of their portfolio | 283.8k $72.7m | Added +43.4k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 283.1k $72.5m | Reduced -186.4k |
| BCV Asset Management Inc. 1.54% of their portfolio | 256.1k $61.0m | First filing |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 250.3k $66.2m | Added +10.0k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 245.9k $63.0m | Reduced -5.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 233.5k $59.8m | Reduced -2.8k |
| California Public Employees Retirement System 0.03% of their portfolio | 226.4k $58.0m | Reduced -5.1k |
| ARGA Investment Management, LP 1.56% of their portfolio | 223.1k $57.1m | Added +1.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.09% of their portfolio | 222.8k $57.1m | Reduced -62.4k |
| FEDERATED HERMES, INC. 0.09% of their portfolio | 218.4k $55.9m | Reduced -19.1k |
| FIL Ltd 0.04% of their portfolio | 218.0k $55.8m | Added +6.8k |
| Ensign Peak Advisors, Inc 0.10% of their portfolio | 217.7k $55.8m | Reduced -59.4k |
| Retirement Systems of Alabama 0.18% of their portfolio | 213.0k $54.6m | Reduced -69 |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 201.4k $51.6m | Added +8.1k |
| National Pension Service 0.04% of their portfolio | 200.0k $51.2m | Added +10.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 185.9k $47.6m | Reduced -115.2k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 176.5k $45.2m | Reduced -25.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 175.7k $45.0m | Reduced -5.9k |
| Maple Rock Capital Partners Inc. 1.46% of their portfolio | 172.7k $44.2m | Reduced -110.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 170.8k $43.7m | Added +52.7k |
| Long Focus Capital Management, LLC 2.16% of their portfolio | 169.5k $43.4m | Added +38.0k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.25% of their portfolio | 161.9k $41.5m | Reduced -26.8k |
| South Dakota Investment Council 0.79% of their portfolio | 161.4k $41.3m | Added +12.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 152.4k $39.0m | Added +6.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 151.9k $38.9m | Added +20.9k |
| AMF Tjanstepension AB 0.24% of their portfolio | 151.6k $38.8m | Reduced -91.9k |
| Susquehanna Portfolio Strategies, LLC 0.59% of their portfolio | 150.4k $38.5m | Reduced -12.2k |
| Corient Private Wealth LP 0.01% of their portfolio | 148.1k $13.8m | Added +120.2k |
| JUPITER ASSET MANAGEMENT LTD 0.30% of their portfolio | 147.5k $37.8m | New |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 145.9k $37.4m | Added +9.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 135.3k $34.6m | Reduced -352 |
| CITIGROUP INC 0.02% of their portfolio | 131.4k $33.7m | Reduced -98.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 128.7k $33.0m | Added +17.9k |
| CAPITAL FUND MANAGEMENT S.A. 0.31% of their portfolio | 128.0k $32.8m | Added +46.7k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 124.9k $32.0m | Reduced -17.0k |
| Solel Partners LP 4.70% of their portfolio | 113.5k $29.1m | Added +21.3k |
| Fisher Funds Management LTD 0.76% of their portfolio | 113.5k $29.3m | Added +34.2k |
| Ninety One UK Ltd 0.06% of their portfolio | 112.5k $28.8m | Reduced -30.6k |
| Swedbank AB 0.03% of their portfolio | 111.8k $28.6m | Added +6.5k |
| Owl Creek Asset Management, L.P. 3.41% of their portfolio | 110.7k $28.4m | Added +96.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 110.3k $28.3m | Reduced -1.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 108.4k $27.8m | Reduced -171.2k |
| DANSKE BANK A/S 0.06% of their portfolio | 108.3k $27.7m | Added +50.5k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 106.9k $27.4m | Reduced -5.7k |
| Redwood Grove Capital, LLC 7.72% of their portfolio | 105.7k $27.1m | Unchanged |
| AVIVA PLC 0.04% of their portfolio | 100.8k $25.8m | Added +3.4k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 100.7k $25.8m | Unchanged |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 99.1k $25.4m | Added +73.8k |