UNITED THERAPEUTICS CORP DEL UTHR
COM · Common Stock · CUSIP 91307C102 · ISIN US91307C1027
Biotech company based in Silver Spring, Maryland, United States
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersSilver Spring, MD
- Founded1996
- Websiteunither.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 ($20.2m this quarter). Holder counts are more reliable. Shares outstanding: 46.8m as of 2023-04-26, 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 ≈ $222.12. Options: 10 managers hold calls ($40.2m notional), 12 hold puts ($42.6m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 460 |
| Q4 2022 | 512 |
| Q1 2023 | 508 |
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 | 243 | 205 |
| Q1 2023 | 266 | 251 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $104.1m | $51.0m | 0.49 |
| Q4 2022 | $50.3m | $43.5m | 0.86 |
| Q1 2023 | $40.2m | $42.6m | 1.06 |
Biggest buyers
| FMR LLC | Added | +2.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.2m |
| ENVESTNET ASSET MANAGEMENT INC | Added | +477.6k |
| STATE STREET CORP | Added | +245.7k |
| BlackRock Inc. | Added | +241.6k |
| JANUS HENDERSON GROUP PLC | Added | +208.4k |
| Caisse de depot et placement du Quebec | New | +167.9k |
| Pacer Advisors, Inc. | Added | +161.8k |
| VANGUARD GROUP INC | Added | +125.2k |
| Nicholas Investment Partners, LP | New | +119.5k |
Biggest sellers
| Avidity Partners Management LP | Sold out | -785.5k |
| CITADEL ADVISORS LLC | Reduced | -270.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -250.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -189.0k |
| FRED ALGER MANAGEMENT, LLC | Reduced | -183.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -176.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Reduced | -165.5k |
| CAPTRUST FINANCIAL ADVISORS | Reduced | -151.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Sold out | -143.2k |
| Polar Asset Management Partners Inc. | Sold out | -138.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.6m65.4k shares |
| JANE STREET GROUP, LLC | Reduced | $12.8m57.2k shares |
| JPMORGAN CHASE & CO | New | $4.3m19.2k shares |
| CITADEL ADVISORS LLC | Reduced | $3.9m17.4k shares |
| PEAK6 Investments LLC | Added | $2.5m11.2k shares |
| Cubist Systematic Strategies, LLC | New | $716.7k3.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $716.0k3.2k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $447.9k2.0k shares |
| Walleye Trading LLC | Reduced | $179.2k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $14.1m63.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.6m60.6k shares |
| GROUP ONE TRADING LLC | Added | $5.0m22.4k shares |
| JPMORGAN CHASE & CO | New | $4.3m19.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.7m7.4k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m7.1k shares |
| PEAK6 Investments LLC | New | $1.3m5.6k shares |
| Cubist Systematic Strategies, LLC | New | $873.4k3.9k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $201.6k900 shares |
| Walleye Trading LLC | Reduced | $67.2k300 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 |
|---|---|
| ROTHBLATT MARTINE A 13G · exempt (held before listing) filed 2026-08-14 | 5.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (3.2%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $13.2m | — |
| Q1 2022 | 0 | — | 1 | $6.9m | — |
| Q2 2022 | 0 | — | 6 | $20.8m | — |
| Q3 2022 | 0 | — | 5 | $7.7m | — |
| Q4 2022 | 0 | — | 8 | $104.4m | — |
| Q1 2023 | 0 | — | 5 | $132.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-31 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-30 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-29 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-28 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-27 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-24 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-23 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-22 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-21 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-20 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-17 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-16 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-16 | MAHON PAUL A EVP & GENERAL COUNSEL | Sold | $1.3m6.0k shares |
| 2023-03-15 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.7m8.0k shares |
| 2023-03-14 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-13 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-10 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-09 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-08 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.8m8.0k shares |
| 2023-03-07 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $1.9m8.0k shares |
| 2023-03-06 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
| 2023-03-03 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
| 2023-03-02 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
| 2023-03-02 | MAHON PAUL A EVP & GENERAL COUNSEL | Sold | $1.5m6.0k shares |
| 2023-03-01 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
| 2023-03-01 | SULLIVAN LOUIS W Director | Sold | $171.6k700 shares |
| 2023-02-28 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
| 2023-02-27 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
| 2023-02-24 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
| 2023-02-23 | ROTHBLATT MARTINE A CHAIRPERSON & CEO, director | Sold | $2.0m8.0k shares |
The latest 30 of 73 trades.
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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.05% of their portfolio | 5.1m $1.1bn | Added +2.5m |
| BlackRock Inc. 0.03% of their portfolio | 4.8m $1.1bn | Added +241.6k |
| VANGUARD GROUP INC 0.03% of their portfolio | 4.6m $1.0bn | Added +125.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.17% of their portfolio | 3.8m $847.0m | Added +1.2m |
| Avoro Capital Advisors LLC 9.54% of their portfolio | 2.9m $642.8m | Added +5.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.66% of their portfolio | 2.2m $498.9m | Reduced -117.1k |
| STATE STREET CORP 0.02% of their portfolio | 1.8m $402.0m | Added +245.7k |
| JANUS HENDERSON GROUP PLC 0.14% of their portfolio | 975.8k $218.5m | Added +208.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 759.1k $169.8m | Added +98.3k |
| Assenagon Asset Management S.A. 0.59% of their portfolio | 665.6k $149.1m | Added +63.8k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.90% of their portfolio | 664.8k $148.9m | Added +8.9k |
| Palo Alto Investors LP 11.64% of their portfolio | 627.5k $140.5m | Added +2.1k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 610.2k $136.6m | Added +31.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 536.2k $11.8m | Added +477.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.68% of their portfolio | 523.6k $117.3m | Reduced -4.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 517.7k $115.9m | Added +22.2k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 462.3k $103.5m | Reduced -23.0k |
| Swedbank AB 0.18% of their portfolio | 408.1k $91.4m | Reduced -1.7k |
| LSV ASSET MANAGEMENT 0.20% of their portfolio | 398.2k $89.2m | Reduced -13.8k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 396.3k $88.8m | Added +58.1k |
| NORGES BANK 0.02% of their portfolio | 396.1k $88.7m | Reduced -50.4k |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 373.2k $82.4m | Added +113.2k |
| Invesco Ltd. 0.02% of their portfolio | 349.9k $78.4m | Reduced -13.2k |
| MORGAN STANLEY 0.01% of their portfolio | 342.9k $76.8m | Reduced -45.9k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 325.2k $72.8m | Reduced -121.0k |
| Polar Capital Holdings Plc 0.53% of their portfolio | 324.1k $72.6m | Reduced -818 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 314.0k $70.3m | Added +2.4k |
| PICTET ASSET MANAGEMENT SA 0.08% of their portfolio | 288.4k $64.6m | Added +3.8k |
| ASSETMARK, INC 0.25% of their portfolio | 270.4k $60.6m | Added +30.1k |
| LOOMIS SAYLES & CO L P 0.10% of their portfolio | 259.2k $58.1m | Added +56.8k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 257.8k $57.7m | Reduced -250.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.35% of their portfolio | 257.3k $57.6m | Reduced -61.8k |
| California Public Employees Retirement System 0.05% of their portfolio | 252.7k $56.6m | Added +76.1k |
| Allianz Asset Management GmbH 0.11% of their portfolio | 241.4k $54.1m | Added +50.9k |
| Eversept Partners, LP 4.67% of their portfolio | 222.1k $49.7m | Reduced -10.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 217.1k $48.6m | Added +34.9k |
| Legal & General Group Plc 0.02% of their portfolio | 216.8k $48.5m | Added +95.9k |
| Paradigm Biocapital Advisors LP 4.50% of their portfolio | 211.9k $47.5m | Added +63.0k |
| Krensavage Asset Management, LLC 13.75% of their portfolio | 202.1k $45.3m | Added +10.1k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 196.9k $44.1m | Reduced -15.1k |
| Allspring Global Investments Holdings, LLC 0.07% of their portfolio | 194.7k $43.6m | Added +73.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 194.6k $43.6m | Added +6.9k |
| Polaris Capital Management, LLC 1.62% of their portfolio | 194.2k $43.5m | Reduced -127.2k |
| Swiss National Bank 0.03% of their portfolio | 181.0k $40.5m | Added +71.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 180.3k $40.4m | Reduced -112.9k |
| Qube Research & Technologies Ltd 0.23% of their portfolio | 176.2k $39.5m | Added +31.2k |
| Pacer Advisors, Inc. 0.16% of their portfolio | 172.1k $38.5m | Added +161.8k |
| TOBAM 2.51% of their portfolio | 169.9k $38.1m | Added +60.6k |
| Caisse de depot et placement du Quebec 0.11% of their portfolio | 167.9k $37.6m | New |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 167.7k $37.6m | Added +4.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.16% of their portfolio | 159.4k $35.7m | Added +104.5k |
| Poplar Forest Capital LLC 4.11% of their portfolio | 153.9k $34.5m | Added +4.5k |
| Epoch Investment Partners, Inc. 0.20% of their portfolio | 149.3k $33.4m | Reduced -49.5k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 148.5k $33.3m | Added +31.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 144.2k $32.3m | Added +113.9k |
| FIRST MANHATTAN CO. LLC. 0.12% of their portfolio | 139.4k $31.2m | Reduced -44.0k |
| LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio | 137.9k $30.9m | Added +22.4k |
| Soleus Capital Management, L.P. 3.78% of their portfolio | 136.2k $30.5m | Added +8.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 135.4k $30.3m | Reduced -176.7k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 133.8k $30.0m | Reduced -562 |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 132.8k $29.7m | Added +12.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.31% of their portfolio | 131.8k $29.5m | Reduced -5.9k |
| Retirement Systems of Alabama 0.13% of their portfolio | 131.6k $29.5m | Reduced -518 |
| Eagle Health Investments LP 5.72% of their portfolio | 131.2k $29.4m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 126.4k $28.3m | Added +78.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.14% of their portfolio | 121.9k $27.3m | Reduced -3.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 120.0k $26.9m | Reduced -87.0k |
| Nicholas Investment Partners, LP 2.03% of their portfolio | 119.5k $26.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 117.7k $26.4m | Added +11.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 115.9k $26.0m | Added +114.0k |
| Parkman Healthcare Partners LLC 5.26% of their portfolio | 108.1k $24.2m | Added +7.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 105.8k $23.7m | Added +3.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 104.0k $23.3m | Added +22.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 99.3k $22.2m | Added +83.5k |
| Clark Capital Management Group, Inc. 0.25% of their portfolio | 98.8k $22.1m | Added +2.7k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 93.1k $20.7m | Reduced -25.2k |
| AVIVA PLC 0.09% of their portfolio | 91.0k $20.4m | Added +79.3k |
| Man Group plc 0.07% of their portfolio | 90.7k $20.3m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 87.6k $19.6m | Added +61.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 86.9k $19.5m | Added +7.4k |
| CITIGROUP INC 0.03% of their portfolio | 85.2k $19.1m | Added +21.2k |
| Robeco Institutional Asset Management B.V. 0.05% of their portfolio | 78.1k $17.5m | Added +70.1k |
| EMERALD ADVISERS, LLC 0.84% of their portfolio | 78.1k $17.5m | Reduced -16.4k |
| Portolan Capital Management, LLC 1.66% of their portfolio | 77.7k $17.4m | Reduced -1.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 77.7k $17.4m | Added +28.4k |
| Sio Capital Management, LLC 8.30% of their portfolio | 75.0k $16.8m | Added +20.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 74.0k $16.6m | Reduced -16.5k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 73.2k $16.4m | Reduced -18.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 71.6k $16.0m | Added +13.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.10% of their portfolio | 70.3k $15.7m | Reduced -659 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 70.2k $15.7m | Added +1.7k |
| Woodline Partners LP 0.21% of their portfolio | 66.8k $15.0m | New |
| UBS Group AG 0.01% of their portfolio | 66.7k $14.9m | Added +11.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 65.6k $14.7m | Added +54.1k |
| MARTINGALE ASSET MANAGEMENT L P 0.27% of their portfolio | 63.0k $14.1m | Added +1.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.14% of their portfolio | 61.3k $13.7m | Reduced -165.5k |
| Tekla Capital Management LLC 0.52% of their portfolio | 61.2k $13.7m | Reduced -53.9k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 59.6k $13.3m | Added +14.8k |
| ATWOOD & PALMER INC 1.23% of their portfolio | 58.6k $13.1m | Added +2.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 58.2k $13.0m | Reduced -1.1k |