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 ($8.5m this quarter). Holder counts are more reliable. Shares outstanding: 60.6m as of 2025-06-05, 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 ≈ $23.31. Options: 17 managers hold calls ($31.4m notional), 13 hold puts ($18.0m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 281 |
| Q4 2022 | 281 |
| Q1 2023 | 261 |
| Q2 2023 | 248 |
| Q3 2023 | 230 |
| Q4 2023 | 243 |
| Q1 2024 | 224 |
| Q2 2024 | 223 |
| Q3 2024 | 233 |
| Q4 2024 | 260 |
| Q1 2025 | 273 |
| Q2 2025 | 269 |
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 | 110 | 115 |
| Q4 2023 | 114 | 118 |
| Q1 2024 | 106 | 125 |
| Q2 2024 | 123 | 109 |
| Q3 2024 | 93 | 106 |
| Q4 2024 | 135 | 102 |
| Q1 2025 | 129 | 124 |
| Q2 2025 | 144 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $24.0m | $18.7m | 0.78 |
| Q4 2024 | $24.7m | $11.3m | 0.46 |
| Q1 2025 | $15.8m | $13.1m | 0.83 |
| Q2 2025 | $31.4m | $18.0m | 0.57 |
Biggest buyers
| Senvest Management, LLC | Added | +2.2m |
| J. Goldman & Co LP | New | +756.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +613.8k |
| Invesco Ltd. | Added | +436.7k |
| BlackRock, Inc. | Added | +377.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +244.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +169.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +152.1k |
| Engineers Gate Manager LP | Added | +146.7k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +139.5k |
Biggest sellers
| MARSHALL WACE, LLP | Reduced | -886.0k |
| Cubist Systematic Strategies, LLC | Sold out | -270.3k |
| NORGES BANK | Sold out | -243.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -227.8k |
| PRIVATE MANAGEMENT GROUP INC | Reduced | -224.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -200.6k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -175.2k |
| Nuveen, LLC | Reduced | -163.8k |
| JPMORGAN CHASE & CO | Reduced | -138.3k |
| D. E. Shaw & Co., Inc. | Reduced | -98.0k |
Biggest calls
| J. Goldman & Co LP | New | $7.3m312.5k shares |
| Senvest Management, LLC | New | $5.5m235.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.1m132.2k shares |
| SCOGGIN MANAGEMENT LP | New | $2.9m125.0k shares |
| IMC-Chicago, LLC | Added | $2.3m98.7k shares |
| NOMURA HOLDINGS INC | New | $1.7m75.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m68.3k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m48.3k shares |
| Walleye Trading LLC | Reduced | $1.1m47.1k shares |
| JANE STREET GROUP, LLC | Added | $1.1m45.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $5.9m253.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.0m128.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.8m78.7k shares |
| PEAK6 LLC | New | $1.5m64.0k shares |
| SCOGGIN MANAGEMENT LP | New | $1.2m50.0k shares |
| Bank of New York Mellon Corp | New | $1.1m46.2k shares |
| GROUP ONE TRADING LLC | Added | $904.4k38.8k shares |
| IMC-Chicago, LLC | Added | $876.5k37.6k shares |
| WOLVERINE TRADING, LLC | Added | $742.3k32.6k shares |
| Caption Management, LLC | New | $466.2k20.0k 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 |
|---|---|
| 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 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 | 2 | $225.2k | 1 | $240.0k | — |
| Q1 2024 | 1 | $75.2k | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $49.7k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $499.7k | $499.7k |
| Q1 2025 | 0 | — | 1 | $438.4k | $438.4k |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 10.7m $248.6m | Added +377.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.4m $173.0m | Reduced -59.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.6m $84.8m | Added +56.8k |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 2.8m $65.6m | Reduced -98.0k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 2.6m $60.7m | Added +169.6k |
| Invesco Ltd. 0.01% of their portfolio | 2.5m $59.3m | Added +436.7k |
| Senvest Management, LLC 1.88% of their portfolio | 2.4m $56.0m | Added +2.2m |
| STATE STREET CORP 0.00% of their portfolio | 2.3m $54.1m | Reduced -44.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $33.2m | Added +27.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $29.6m | Reduced -11.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 925.9k $21.6m | Added +613.8k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 902.4k $21.0m | Added +39.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 829.4k $19.3m | Added +152.1k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 787.8k $18.4m | Reduced -886.0k |
| J. Goldman & Co LP 0.55% of their portfolio | 756.2k $17.6m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 725.0k $16.9m | Reduced -26.9k |
| Nuveen, LLC 0.00% of their portfolio | 718.7k $16.8m | Reduced -163.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.38% of their portfolio | 694.7k $16.2m | Added +12.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 510.4k $11.9m | Added +83.8k |
| JCP Investment Management, LLC 6.33% of their portfolio | 470.3k $11.0m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 427.9k $10.0m | Reduced -3.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 424.9k $9.9m | Reduced -200.6k |
| VALUEWORKS LLC 2.84% of their portfolio | 370.0k $8.6m | Reduced -1.4k |
| Hauser Brothers GmbH 7.62% of their portfolio | 328.5k $7.7m | Reduced -64.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 327.5k $7.6m | Added +244.9k |
| Empowered Funds, LLC 0.08% of their portfolio | 303.2k $7.1m | Added +15.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 300.1k $7.0m | Added +1.8k |
| PANAGORA ASSET MANAGEMENT INC 0.03% of their portfolio | 297.4k $6.9m | Added +113.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 279.4k $6.5m | Added +99.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 250.9k $5.8m | Reduced -138.3k |
| ALGERT GLOBAL LLC 0.12% of their portfolio | 242.3k $5.6m | Added +46.8k |
| FMR LLC 0.00% of their portfolio | 239.1k $5.6m | Added +11.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 236.7k $5.5m | Added +139.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 231.3k $5.4m | Added +25.1k |
| PRIVATE MANAGEMENT GROUP INC 0.17% of their portfolio | 222.2k $5.2m | Reduced -224.1k |
| UBS Group AG 0.00% of their portfolio | 214.1k $5.0m | Added +132.7k |
| CITIGROUP INC 0.00% of their portfolio | 206.6k $4.8m | Added +115.4k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 206.3k $4.8m | Added +16.3k |
| Engineers Gate Manager LP 0.06% of their portfolio | 194.4k $4.5m | Added +146.7k |
| HUSSMAN STRATEGIC ADVISORS, INC. 1.01% of their portfolio | 189.0k $4.4m | Added +63.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 188.7k $4.4m | Added +4.7k |
| Brandywine Global Investment Management, LLC 0.03% of their portfolio | 186.8k $4.4m | Reduced -7.2k |
| Quantedge Capital Pte Ltd 3.78% of their portfolio | 177.1k $4.1m | Reduced -54.5k |
| Legal & General Group Plc 0.00% of their portfolio | 170.4k $4.0m | Added +3.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 152.3k $3.5m | Added +44.4k |
| BARCLAYS PLC 0.00% of their portfolio | 144.8k $3.4m | Added +55.8k |
| Edgestream Partners, L.P. 0.09% of their portfolio | 141.9k $3.3m | Reduced -25.0k |
| Miller Value Partners, LLC 1.36% of their portfolio | 137.4k $3.2m | Reduced -51.5k |
| Y-Intercept (Hong Kong) Ltd 0.07% of their portfolio | 130.7k $3.0m | Added +116.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 128.4k $3.0m | Added +28.3k |
| SCOGGIN MANAGEMENT LP 1.35% of their portfolio | 125.0k $2.9m | New |
| Man Group plc 0.01% of their portfolio | 124.9k $2.9m | Added +32.1k |
| Trexquant Investment LP 0.03% of their portfolio | 120.6k $2.8m | Added +23.6k |
| Swiss National Bank 0.00% of their portfolio | 116.1k $2.7m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 111.1k $2.6m | Reduced -74.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 111.1k $2.6m | Reduced -771 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 105.2k $2.5m | Reduced -227.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 103.9k $2.4m | Added +84.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 102.7k $2.4m | Reduced -54.6k |
| Quinn Opportunity Partners LLC 0.20% of their portfolio | 100.0k $2.3m | Added +19.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 96.4k $2.2m | Added +45.5k |
| CAXTON ASSOCIATES LLP 0.06% of their portfolio | 95.1k $2.2m | Reduced -12.0k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 94.2k $2.2m | Reduced -14.8k |
| TWINBEECH CAPITAL LP 0.05% of their portfolio | 91.5k $2.1m | Added +83.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 89.2k $2.1m | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 84.3k $2.0m | Reduced -175.2k |
| LPL Financial LLC 0.00% of their portfolio | 82.8k $1.9m | Reduced -63.2k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 82.6k $1.9m | Reduced -8.2k |
| NIA IMPACT ADVISORS, LLC 0.65% of their portfolio | 80.5k $1.9m | Reduced -698 |
| OP Asset Management Ltd 0.03% of their portfolio | 80.5k $1.9m | Added +6.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 77.0k $1.8m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 75.0k $1.7m | Added +10.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 73.9k $1.7m | Reduced -93.6k |
| Graham Capital Management, L.P. 0.05% of their portfolio | 71.8k $1.7m | Reduced -7.2k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 70.4k $1.6m | Added +9.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 68.7k $1.6m | Reduced -97.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 68.6k $1.6m | Added +4.0k |
| Versor Investments LP 0.28% of their portfolio | 68.3k $1.6m | New |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 67.7k $1.6m | Added +1.7k |
| Knights of Columbus Asset Advisors LLC 0.10% of their portfolio | 67.3k $1.6m | Added +30.6k |
| Verition Fund Management LLC 0.01% of their portfolio | 65.8k $1.5m | Added +39.1k |
| GABELLI FUNDS LLC 0.01% of their portfolio | 65.0k $1.5m | Reduced -5.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 63.2k $1.5m | Added +1.8k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 63.1k $1.5m | Added +42.4k |
| DIVERSIFIED TRUST CO 0.03% of their portfolio | 61.4k $1.4m | Added +8.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 61.2k $1.4m | Added +3.6k |
| PEAK6 LLC 0.02% of their portfolio | 59.1k $1.4m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 58.5k $1.4m | Added +2.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 55.0k $1.3m | Added +973 |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 54.5k $1.3m | New |
| CenterBook Partners LP 0.07% of their portfolio | 53.0k $1.2m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 52.5k $1.2m | Added +23.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 51.5k $1.2m | Added +28.3k |
| Amundi 0.00% of their portfolio | 48.7k $1.1m | Reduced -21.9k |
| SG Americas Securities, LLC 0.00% of their portfolio | 46.4k $1.1m | Added +15.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 46.1k $1.1m | Reduced -25.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 46.1k $1.1m | Reduced -46.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 46.0k $1.1m | Added +19.2k |
| Advisors Preferred, LLC 0.17% of their portfolio | 45.3k $1.0m | Reduced -68.3k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 44.6k $1.0m | Added +492 |