UNITED NAT FOODS INC UNFI
COM · Common Stock · CUSIP 911163103 · ISIN US9111631035
American health and organic food wholesaler
* 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 ($6.7m this quarter). Holder counts are more reliable. Shares outstanding: 58.6m as of 2023-06-02, 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 ≈ $19.58. Options: 12 managers hold calls ($12.9m notional), 13 hold puts ($12.9m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 281 |
| Q4 2022 | 281 |
| Q1 2023 | 261 |
| Q2 2023 | 248 |
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 | 133 | 126 |
| Q1 2023 | 120 | 145 |
| Q2 2023 | 127 | 128 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $27.8m | $21.6m | 0.78 |
| Q4 2022 | $31.8m | $25.9m | 0.82 |
| Q1 2023 | $18.1m | $14.3m | 0.79 |
| Q2 2023 | $12.9m | $12.9m | 1.00 |
Biggest buyers
| Pacer Advisors, Inc. | New | +2.1m |
| JPMORGAN CHASE & CO | Added | +622.6k |
| D. E. Shaw & Co., Inc. | Added | +430.8k |
| Brandywine Global Investment Management, LLC | New | +373.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +271.8k |
| Invesco Ltd. | Added | +242.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +203.1k |
| Empowered Funds, LLC | New | +171.1k |
| BANK OF MONTREAL /CAN/ | Added | +168.7k |
| ALGERT GLOBAL LLC | New | +146.7k |
Biggest sellers
| FMR LLC | Reduced | -2.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -1.2m |
| BROWN ADVISORY INC | Sold out | -1.1m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -664.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -381.3k |
| BlackRock Inc. | Reduced | -299.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -298.1k |
| Man Group plc | Sold out | -179.8k |
| Foundry Partners, LLC | Sold out | -134.9k |
| READYSTATE ASSET MANAGEMENT LP | Sold out | -114.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.2m215.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.2m162.3k shares |
| Walleye Capital LLC | Added | $1.8m92.0k shares |
| Walleye Trading LLC | Reduced | $1.3m65.0k shares |
| PEAK6 Investments LLC | Reduced | $952.1k48.7k shares |
| GROUP ONE TRADING LLC | Reduced | $637.3k32.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $301.0k15.4k shares |
| JANE STREET GROUP, LLC | Reduced | $260.0k13.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $199.8k10.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $117.3k60 shares |
Biggest puts
| PEAK6 Investments LLC | Reduced | $2.9m146.4k shares |
| CITADEL ADVISORS LLC | Added | $2.6m133.4k shares |
| D. E. Shaw & Co., Inc. | New | $1.6m81.0k shares |
| Walleye Trading LLC | Added | $1.5m75.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m69.1k shares |
| GROUP ONE TRADING LLC | Added | $870.0k44.5k shares |
| JANE STREET GROUP, LLC | Added | $670.6k34.3k shares |
| Walleye Capital LLC | Added | $477.0k24.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $398.8k20.4k shares |
| SIMPLEX TRADING, LLC | Added | $340.0k17.4k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-30 | 15.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.2% |
| AMERICAN CENTURY INVESTMENT MANAGEMENT INC 13G · institution new · filed 2026-05-01 | 5.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 7 | $6.1m | — |
| Q1 2022 | 1 | $121.0k | 1 | $84.5k | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $99.6k | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $199.5k | — |
| Q1 2023 | 1 | $1.0m | 3 | $1.7m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 9.6m $187.0m | Reduced -299.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.2m $139.9m | Reduced -88.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.8m $74.1m | Reduced -664.5k |
| STATE STREET CORP 0.00% of their portfolio | 2.3m $44.8m | Reduced -28.5k |
| Pacer Advisors, Inc. 0.17% of their portfolio | 2.1m $41.3m | New |
| Invesco Ltd. 0.01% of their portfolio | 1.8m $36.0m | Added +242.9k |
| Kiltearn Partners LLP 2.49% of their portfolio | 1.7m $34.1m | Added +116.1k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 1.7m $33.9m | Added +2.9k |
| FMR LLC 0.00% of their portfolio | 1.2m $24.2m | Reduced -2.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.2m $22.8m | Added +27.1k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 917.2k $17.9m | Added +430.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 916.4k $17.9m | Added +622.6k |
| PRIVATE MANAGEMENT GROUP INC 0.66% of their portfolio | 793.0k $15.5m | Reduced -1.8k |
| MORGAN STANLEY 0.00% of their portfolio | 775.2k $15.2m | Added +83.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 747.4k $14.6m | Added +3.8k |
| TOWLE & CO 1.80% of their portfolio | 698.1k $13.6m | Added +44.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 580.9k $11.4m | Reduced -39.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 579.3k $11.3m | Added +21.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 564.1k $11.0m | Added +12.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.24% of their portfolio | 522.8k $10.2m | Added +79.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 500.1k $9.8m | Reduced -298.1k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 492.3k $9.6m | Added +6.6k |
| NORGES BANK 0.00% of their portfolio | 488.5k $9.5m | Added +53.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 473.1k $9.2m | Added +103.5k |
| JCP Investment Management, LLC 7.67% of their portfolio | 470.3k $9.2m | Added +34.0k |
| VALUEWORKS LLC 3.31% of their portfolio | 467.6k $9.1m | Added +15 |
| Brandywine Global Investment Management, LLC 0.06% of their portfolio | 373.2k $7.3m | New |
| Bragg Financial Advisors, Inc 0.40% of their portfolio | 372.1k $7.3m | Added +4.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 337.6k $6.6m | Reduced -23.8k |
| PANAGORA ASSET MANAGEMENT INC 0.04% of their portfolio | 322.7k $6.3m | Reduced -19.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 303.3k $5.9m | Added +27.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 303.2k $5.9m | Reduced -23.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 287.6k $5.6m | Reduced -381.3k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 271.8k $5.3m | New |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 267.0k $5.2m | Added +102.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 238.0k $4.7m | Added +9.2k |
| Soviero Asset Management, LP 2.23% of their portfolio | 230.0k $4.5m | Added +15.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 212.9k $4.2m | Added +203.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 194.1k $3.8m | Reduced -5.4k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 193.0k $3.8m | Reduced -94.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 180.4k $3.8m | Added +168.7k |
| Legal & General Group Plc 0.00% of their portfolio | 173.0k $3.4m | Reduced -2.1k |
| Empowered Funds, LLC 0.12% of their portfolio | 171.1k $3.3m | New |
| EA Series Trust 0.12% of their portfolio | 171.1k $3.3m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 161.2k $3.2m | Reduced -51.9k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.56% of their portfolio | 156.0k $3.0m | Reduced -30.0k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 0.60% of their portfolio | 154.7k $3.0m | Added +6.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 148.4k $2.9m | Reduced -3.9k |
| ALGERT GLOBAL LLC 0.12% of their portfolio | 146.7k $2.9m | New |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 140.8k $2.8m | Added +64.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 138.7k $2.7m | Added +57.2k |
| Squarepoint Ops LLC 0.01% of their portfolio | 131.8k $2.6m | Added +63.7k |
| Swiss National Bank 0.00% of their portfolio | 129.3k $2.5m | Unchanged |
| Phocas Financial Corp. 0.29% of their portfolio | 110.0k $2.2m | Reduced -461 |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 108.6k $2.1m | Added +56.4k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 105.4k $2.1m | Added +202 |
| Dynamic Technology Lab Private Ltd 0.26% of their portfolio | 105.0k $2.1m | Added +59.3k |
| Numerai GP LLC 0.40% of their portfolio | 99.6k $1.9m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 92.9k $1.8m | Reduced -616 |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 89.7k $1.8m | Added +33.6k |
| DIVERSIFIED TRUST CO 0.06% of their portfolio | 87.4k $1.7m | Added +691 |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 87.3k $1.7m | Added +60.1k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 85.3k $1.7m | Added +12.1k |
| UBS Group AG 0.00% of their portfolio | 77.7k $1.5m | Added +8.7k |
| South Dakota Investment Council 0.03% of their portfolio | 74.3k $1.5m | Added +7.6k |
| Edgestream Partners, L.P. 0.13% of their portfolio | 73.9k $1.4m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 73.8k $1.9m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 73.1k $1.4m | Reduced -2.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 70.6k $1.4m | Reduced -2.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 67.1k $1.3m | Added +3.8k |
| PEAK6 Investments LLC 0.11% of their portfolio | 66.7k $1.3m | Added +25.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 65.7k $1.3m | Reduced -4.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 62.2k $1.2m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 59.7k $1.2m | Reduced -17.9k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 56.9k $1.1m | Reduced -2.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 56.2k $1.1m | Reduced -3.5k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 52.3k $1.0m | Reduced -1.4k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 50.0k $976.7k | Reduced -86.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 48.6k $950.7k | Reduced -2.8k |
| CITIGROUP INC 0.00% of their portfolio | 48.3k $944.2k | Added +20.1k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 47.1k $920.0k | Reduced -19.1k |
| ClariVest Asset Management LLC 0.05% of their portfolio | 45.9k $897.0k | Reduced -7.0k |
| Y-Intercept (Hong Kong) Ltd 0.09% of their portfolio | 45.3k $885.9k | Added +30.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 44.6k $871.1k | Added +1.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio | 41.7k $815.0k | Added +27.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 40.7k $795.8k | Added +6.8k |
| CORNERCAP INVESTMENT COUNSEL INC 0.14% of their portfolio | 40.5k $791.3k | Reduced -679 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 40.3k $788.4k | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 39.7k $776.5k | Added +2.4k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 39.5k $771.5k | Reduced -2.2k |
| BARCLAYS PLC 0.00% of their portfolio | 39.1k $765.3k | Added +6.5k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 39.1k $764.0k | Reduced -1.9k |
| Mutual Advisors, LLC 0.03% of their portfolio | 36.9k $721.2k | Added +6.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 35.4k $692.0k | Added +1.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 34.7k $678.0k | Added +6.5k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 34.0k $664.8k | Reduced -1.9k |
| STRS OHIO 0.00% of their portfolio | 33.5k $654.0k | Reduced -59.2k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 31.8k $622.4k | Reduced -758 |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 31.2k $610.0k | Added +3.3k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 31.2k $609.7k | Unchanged |