UNITEDHEALTH GROUP INC UNH
COM · Common Stock · CUSIP 91324P102 · ISIN US91324P1021
For-profit health care company
* 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 ($2.6bn this quarter). Holder counts are more reliable. Shares outstanding: 923.4m as of 2024-07-31, 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 ≈ $508.84. Options: 69 managers hold calls ($4.0bn notional), 74 hold puts ($3.9bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 3,001 |
| Q4 2022 | 3,161 |
| Q1 2023 | 3,114 |
| Q2 2023 | 3,137 |
| Q3 2023 | 3,145 |
| Q4 2023 | 3,421 |
| Q1 2024 | 3,382 |
| Q2 2024 | 3,406 |
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 | 1,404 | 1,318 |
| Q1 2023 | 1,516 | 1,389 |
| Q2 2023 | 1,576 | 1,306 |
| Q3 2023 | 1,613 | 1,256 |
| Q4 2023 | 1,584 | 1,327 |
| Q1 2024 | 1,670 | 1,481 |
| Q2 2024 | 1,682 | 1,485 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $4.6bn | $4.1bn | 0.90 |
| Q4 2023 | $4.6bn | $4.5bn | 0.97 |
| Q1 2024 | $3.6bn | $4.1bn | 1.15 |
| Q2 2024 | $4.0bn | $3.9bn | 0.98 |
Biggest buyers
| Capital Research Global Investors | Added | +4.4m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +2.5m |
| TIGER GLOBAL MANAGEMENT LLC | New | +2.3m |
| Capital International Investors | Added | +1.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.6m |
| Vontobel Holding Ltd. | Added | +1.5m |
| UBS Group AG | Added | +1.3m |
| JPMORGAN CHASE & CO | Added | +1.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +999.6k |
| LONE PINE CAPITAL LLC | New | +944.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -40.5m |
| JENNISON ASSOCIATES LLC | Reduced | -3.5m |
| FMR LLC | Reduced | -3.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.8m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -2.5m |
| VIKING GLOBAL INVESTORS LP | Reduced | -919.4k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -903.2k |
| Winslow Capital Management, LLC | Reduced | -815.9k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -789.2k |
| BARCLAYS PLC | Reduced | -727.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $952.5m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $739.0m1.5m shares |
| JANE STREET GROUP, LLC | Added | $413.6m812.1k shares |
| GROUP ONE TRADING LLC | Added | $210.9m414.1k shares |
| IMC-Chicago, LLC | Added | $201.2m395.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $130.2m255.6k shares |
| UBS Group AG | Reduced | $129.7m254.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $127.2m249.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $126.9m249.1k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $87.2m171.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $709.0m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $438.1m860.3k shares |
| JANE STREET GROUP, LLC | Added | $378.9m744.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $309.1m606.9k shares |
| UBS Group AG | Reduced | $224.3m440.4k shares |
| IMC-Chicago, LLC | Added | $197.0m386.9k shares |
| SIMPLEX TRADING, LLC | Added | $155.5m305.3k shares |
| Eisler Capital (UK) Ltd. | Added | $142.1m279.1k shares |
| JPMORGAN CHASE & CO | Added | $138.0m271.0k shares |
| CITIGROUP INC | Reduced | $110.5m217.0k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.0% |
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 Q2 2024
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 2022 | 0 | — | 5 | $74.5m | — |
| Q4 2022 | 0 | — | 1 | $573.6k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 2 | $4.7m | — |
| Q3 2023 | 0 | — | 1 | $2.0m | — |
| Q4 2023 | 0 | — | 2 | $104.5m | — |
| Q1 2024 | 0 | — | 3 | $16.1m | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.82% of their portfolio | 83.9m $42.8bn | Reduced -456.9k |
| BlackRock Inc. 0.85% of their portfolio | 73.4m $37.4bn | Reduced -241.7k |
| JPMORGAN CHASE & CO 1.07% of their portfolio | 48.7m $24.8bn | Added +1.0m |
| STATE STREET CORP 1.00% of their portfolio | 45.0m $22.9bn | Reduced -722.7k |
| FMR LLC 1.07% of their portfolio | 32.7m $16.7bn | Reduced -3.0m |
| Capital World Investors 2.33% of their portfolio | 28.0m $14.3bn | Reduced -298.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.59% of their portfolio | 26.0m $13.3bn | Reduced -42.3k |
| WELLINGTON MANAGEMENT GROUP LLP 2.35% of their portfolio | 25.9m $13.2bn | Added +1.6m |
| MORGAN STANLEY 0.79% of their portfolio | 20.1m $10.2bn | Reduced -40.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.86% of their portfolio | 19.3m $9.8bn | Added +374.0k |
| Capital Research Global Investors 1.96% of their portfolio | 17.6m $8.9bn | Added +4.4m |
| Capital International Investors 1.40% of their portfolio | 13.3m $6.8bn | Added +1.8m |
| NORGES BANK 0.89% of their portfolio | 11.7m $6.0bn | Reduced -281.8k |
| NORTHERN TRUST CORP 0.78% of their portfolio | 9.0m $4.6bn | Reduced -167.5k |
| ROYAL BANK OF CANADA 1.05% of their portfolio | 8.5m $4.3bn | Reduced -351.3k |
| WELLS FARGO & COMPANY/MN 1.07% of their portfolio | 8.2m $4.2bn | Added +103.8k |
| Bank of New York Mellon Corp 0.78% of their portfolio | 8.0m $4.1bn | Added +35.5k |
| ALLIANCEBERNSTEIN L.P. 1.41% of their portfolio | 7.9m $4.0bn | Reduced -2.5m |
| FRANKLIN RESOURCES INC 1.23% of their portfolio | 7.9m $4.0bn | Added +392.7k |
| Nuveen Asset Management, LLC 1.11% of their portfolio | 7.5m $3.8bn | Added +225.5k |
| BANK OF AMERICA CORP /DE/ 0.33% of their portfolio | 6.7m $3.4bn | Reduced -2.8m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.63% of their portfolio | 6.5m $3.3bn | Added +120.8k |
| Legal & General Group Plc 0.92% of their portfolio | 6.4m $3.2bn | Reduced -398.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.92% of their portfolio | 6.3m $3.2bn | Added +885.2k |
| UBS Group AG 0.96% of their portfolio | 6.1m $3.1bn | Added +1.3m |
| Invesco Ltd. 0.57% of their portfolio | 5.3m $2.7bn | Reduced -21.6k |
| Sanders Capital, LLC 4.05% of their portfolio | 5.2m $2.6bn | Added +159.3k |
| JANUS HENDERSON GROUP PLC 1.36% of their portfolio | 5.0m $2.5bn | Reduced -347.3k |
| Clearbridge Investments, LLC 2.04% of their portfolio | 4.9m $2.5bn | Reduced -312.4k |
| GOLDMAN SACHS GROUP INC 0.49% of their portfolio | 4.9m $2.5bn | Reduced -501.9k |
| T. Rowe Price Investment Management, Inc. 1.54% of their portfolio | 4.8m $2.4bn | Added +275.3k |
| DEUTSCHE BANK AG\ 0.95% of their portfolio | 4.1m $2.1bn | Added +24.7k |
| Amundi 0.74% of their portfolio | 3.9m $1.9bn | Added +645.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 2.20% of their portfolio | 3.9m $2.0bn | Added +2.5m |
| Dodge & Cox 1.20% of their portfolio | 3.9m $2.0bn | Reduced -24.6k |
| DIMENSIONAL FUND ADVISORS LP 0.51% of their portfolio | 3.8m $1.9bn | Added +880.2k |
| AMERIPRISE FINANCIAL INC 0.52% of their portfolio | 3.8m $1.9bn | Added +21.1k |
| BARCLAYS PLC 0.74% of their portfolio | 3.2m $1.6bn | Reduced -727.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 1.57% of their portfolio | 3.1m $1.6bn | Added +504.5k |
| Fisher Asset Management, LLC 0.68% of their portfolio | 3.1m $1.6bn | Added +117.6k |
| HSBC HOLDINGS PLC 0.95% of their portfolio | 2.9m $1.5bn | Added +266.5k |
| Swiss National Bank 0.96% of their portfolio | 2.7m $1.4bn | Reduced -40.0k |
| California Public Employees Retirement System 1.00% of their portfolio | 2.7m $1.4bn | Reduced -300.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.65% of their portfolio | 2.7m $1.4bn | Added +348.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.98% of their portfolio | 2.6m $1.3bn | Reduced -125.0k |
| LAZARD ASSET MANAGEMENT LLC 1.61% of their portfolio | 2.5m $1.3bn | Added +468.6k |
| Orbis Allan Gray Ltd 7.47% of their portfolio | 2.4m $1.2bn | Added +541.7k |
| TIGER GLOBAL MANAGEMENT LLC 5.53% of their portfolio | 2.3m $1.2bn | New |
| Swedbank AB 1.59% of their portfolio | 2.3m $1.2bn | Added +77.9k |
| EAGLE CAPITAL MANAGEMENT LLC 4.33% of their portfolio | 2.3m $1.2bn | Added +687.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.08% of their portfolio | 2.3m $1.2bn | Reduced -107.2k |
| BANK OF MONTREAL /CAN/ 0.35% of their portfolio | 2.3m $1.2bn | Added +4.0k |
| POLEN CAPITAL MANAGEMENT LLC 2.87% of their portfolio | 2.2m $1.1bn | Reduced -144.7k |
| AMERICAN CENTURY COMPANIES INC 0.69% of their portfolio | 2.2m $1.1bn | Reduced -789.2k |
| Mawer Investment Management Ltd. 5.31% of their portfolio | 2.2m $1.1bn | Added +25.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.38% of their portfolio | 2.1m $1.1bn | Added +135.3k |
| Grantham, Mayo, Van Otterloo & Co. LLC 3.41% of their portfolio | 2.0m $1.0bn | Added +171.2k |
| Sustainable Growth Advisers, LP 4.41% of their portfolio | 2.0m $997.9m | Added +4.5k |
| BESSEMER GROUP INC 1.73% of their portfolio | 1.9m $981.0m | Added +225.2k |
| TD Asset Management Inc 0.91% of their portfolio | 1.9m $980.9m | Reduced -54.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.82% of their portfolio | 1.8m $930.1m | Reduced -339.8k |
| Fiera Capital Corp 2.85% of their portfolio | 1.8m $919.4m | Reduced -185.0k |
| 1832 Asset Management L.P. 1.66% of their portfolio | 1.8m $915.4m | Added +192.1k |
| Veritas Asset Management LLP 6.90% of their portfolio | 1.8m $911.8m | Reduced -30.5k |
| RAYMOND JAMES & ASSOCIATES 0.59% of their portfolio | 1.8m $903.6m | Added +18.5k |
| Vontobel Holding Ltd. 2.89% of their portfolio | 1.7m $889.8m | Added +1.5m |
| Allianz Asset Management GmbH 1.42% of their portfolio | 1.7m $879.1m | Added +146.1k |
| STIFEL FINANCIAL CORP 0.97% of their portfolio | 1.7m $865.1m | Reduced -23.5k |
| Ensign Peak Advisors, Inc 1.57% of their portfolio | 1.7m $858.3m | Added +45.5k |
| RHUMBLINE ADVISERS 0.80% of their portfolio | 1.7m $847.0m | Reduced -95.1k |
| FIRST MANHATTAN CO. LLC. 2.66% of their portfolio | 1.6m $828.0m | Reduced -85.9k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 4.86% of their portfolio | 1.6m $824.1m | Reduced -83.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.48% of their portfolio | 1.6m $813.9m | Added +1.8k |
| CIBC Private Wealth Group LLC 1.37% of their portfolio | 1.5m $732.3m | Reduced -35.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.93% of their portfolio | 1.5m $758.2m | Reduced -9.4k |
| National Pension Service 0.87% of their portfolio | 1.5m $754.8m | Added +24.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.90% of their portfolio | 1.5m $744.1m | Reduced -134.2k |
| Fayez Sarofim & Co 2.00% of their portfolio | 1.5m $741.1m | Added +69.5k |
| Boston Partners 0.91% of their portfolio | 1.4m $730.5m | Added +389.7k |
| MACQUARIE GROUP LTD 0.83% of their portfolio | 1.4m $722.0m | Reduced -99.9k |
| CITIGROUP INC 0.68% of their portfolio | 1.4m $710.8m | Added +65.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.93% of their portfolio | 1.4m $706.6m | Reduced -32.4k |
| FIL Ltd 0.69% of their portfolio | 1.4m $694.2m | Added +130.0k |
| Bank Julius Baer & Co. Ltd, Zurich 2.82% of their portfolio | 1.3m $737.9m | Reduced -78.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.74% of their portfolio | 1.3m $671.4m | Reduced -101.0k |
| Aberdeen Group plc 1.23% of their portfolio | 1.3m $642.8m | Added +29.0k |
| PNC Financial Services Group, Inc. 0.42% of their portfolio | 1.2m $625.0m | Reduced -17.0k |
| MILLENNIUM MANAGEMENT LLC 0.51% of their portfolio | 1.2m $622.5m | Added +999.6k |
| WCM INVESTMENT MANAGEMENT, LLC 1.40% of their portfolio | 1.2m $592.1m | Added +6.7k |
| LORD, ABBETT & CO. LLC 1.02% of their portfolio | 1.2m $617.8m | Reduced -10.3k |
| Corient Private Wealth LP 1.02% of their portfolio | 1.1m $582.6m | Added +58.2k |
| US BANCORP \DE\ 0.78% of their portfolio | 1.1m $572.7m | Added +5.3k |
| NATIONAL BANK OF CANADA /FI/ 0.86% of their portfolio | 1.1m $549.9m | Added +164.1k |
| AXA S.A. 0.81% of their portfolio | 1.1m $547.7m | Added +332.6k |
| CANADA LIFE ASSURANCE Co 1.02% of their portfolio | 1.1m $543.6m | Reduced -74.1k |
| Longview Partners (Guernsey) LTD 3.90% of their portfolio | 1.0m $525.0m | Reduced -137.8k |
| Allen Investment Management, LLC 6.34% of their portfolio | 1.0m $521.8m | Added +167.2k |
| Russell Investments Group, Ltd. 0.84% of their portfolio | 1.0m $520.0m | Reduced -50.6k |
| D. E. Shaw & Co., Inc. 0.73% of their portfolio | 1.0m $519.7m | Added +291.8k |
| Capital Wealth Planning, LLC 5.43% of their portfolio | 1.0m $517.9m | Added +39.7k |