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 ($921.3m this quarter). Holder counts are more reliable. Shares outstanding: 908.1m as of 2026-04-30, 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 ≈ $270.44. Options: 107 managers hold calls ($15.6bn notional), 77 hold puts ($14.8bn).
Trends to Q1 2026
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 |
| Q3 2024 | 3,476 |
| Q4 2024 | 3,683 |
| Q1 2025 | 3,613 |
| Q2 2025 | 3,186 |
| Q3 2025 | 3,170 |
| Q4 2025 | 3,307 |
| Q1 2026 | 3,049 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 1,682 | 1,485 |
| Q3 2024 | 1,602 | 1,560 |
| Q4 2024 | 1,523 | 1,681 |
| Q1 2025 | 1,571 | 1,886 |
| Q2 2025 | 1,532 | 2,089 |
| Q3 2025 | 1,575 | 1,618 |
| Q4 2025 | 1,291 | 1,716 |
| Q1 2026 | 1,347 | 1,793 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $15.4bn | $12.1bn | 0.79 |
| Q3 2025 | $25.1bn | $21.1bn | 0.84 |
| Q4 2025 | $20.9bn | $17.6bn | 0.84 |
| Q1 2026 | $15.6bn | $14.8bn | 0.95 |
Biggest buyers
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +12.4m |
| Capital Research Global Investors | Added | +10.9m |
| Capital World Investors | Added | +5.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +2.6m |
| BANK OF AMERICA CORP /DE/ | Added | +2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.0m |
| JPMORGAN CHASE & CO | Added | +1.9m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.7m |
| GOLDMAN SACHS GROUP INC | Added | +1.6m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.5m |
Biggest sellers
| Capital International Investors | Reduced | -9.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -5.6m |
| Berkshire Hathaway Inc | Sold out | -5.0m |
| T. Rowe Price Investment Management, Inc. | Reduced | -3.6m |
| ROYAL BANK OF CANADA | Reduced | -2.7m |
| Orbis Allan Gray Ltd | Sold out | -2.6m |
| HSBC HOLDINGS PLC | Reduced | -2.1m |
| JANE STREET GROUP, LLC | Reduced | -1.8m |
| Boston Partners | Reduced | -1.6m |
| Sustainable Growth Advisers, LP | Sold out | -1.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.3bn15.9m shares |
| CITADEL ADVISORS LLC | Reduced | $2.4bn8.8m shares |
| JANE STREET GROUP, LLC | Reduced | $1.8bn6.6m shares |
| IMC-Chicago, LLC | Reduced | $1.5bn5.4m shares |
| Pentwater Capital Management LP | Added | $768.5m2.8m shares |
| GROUP ONE TRADING LLC | Reduced | $723.7m2.7m shares |
| Walleye Trading LLC | Added | $581.4m2.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $519.3m1.9m shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | New | $289.2m1.1m shares |
| JPMORGAN CHASE & CO | Added | $239.5m914.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.9bn10.6m shares |
| CITADEL ADVISORS LLC | Reduced | $2.0bn7.4m shares |
| JANE STREET GROUP, LLC | Reduced | $1.3bn4.8m shares |
| HSBC HOLDINGS PLC | Added | $1.0bn3.8m shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $769.2m28.4k shares |
| IMC-Chicago, LLC | Reduced | $743.7m2.7m shares |
| Walleye Trading LLC | Added | $732.8m2.7m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $612.3m22.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $346.3m1.3m shares |
| D. E. Shaw & Co., Inc. | Reduced | $320.0m1.2m 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 Q1 2026
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 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 2 | $2.5m | — |
| Q4 2024 | 0 | — | 1 | $439.0k | — |
| Q1 2025 | 1 | $511.6k | 0 | — | — |
| Q2 2025 | 5 | $31.6m | 1 | $179.6k | — |
| Q3 2025 | 0 | — | 1 | $9.6k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.35% of their portfolio | 73.5m $19.9bn | Reduced -1.3m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.39% of their portfolio | 58.9m $15.9bn | First filing |
| STATE STREET CORP 0.42% of their portfolio | 45.3m $12.3bn | Added +100.0k |
| Capital World Investors 1.03% of their portfolio | 27.8m $7.5bn | Added +5.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.34% of their portfolio | 24.0m $6.5bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.38% of their portfolio | 22.8m $6.1bn | Added +977.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.65% of their portfolio | 20.9m $5.6bn | Added +2.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.86% of their portfolio | 20.8m $5.6bn | Added +12.4m |
| JPMORGAN CHASE & CO 0.34% of their portfolio | 19.1m $5.0bn | Added +1.9m |
| Capital Research Global Investors 0.72% of their portfolio | 17.1m $4.6bn | Added +10.9m |
| MORGAN STANLEY 0.24% of their portfolio | 15.0m $4.0bn | Reduced -826.5k |
| FMR LLC 0.17% of their portfolio | 12.0m $3.3bn | Reduced -680.0k |
| BANK OF AMERICA CORP /DE/ 0.23% of their portfolio | 11.7m $3.2bn | Added +2.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.51% of their portfolio | 10.1m $2.7bn | Reduced -5.6m |
| Bank of New York Mellon Corp 0.50% of their portfolio | 10.1m $2.7bn | Added +931.0k |
| Dodge & Cox 1.41% of their portfolio | 9.5m $2.6bn | Added +294.0k |
| Capital International Investors 0.57% of their portfolio | 9.0m $2.4bn | Reduced -9.7m |
| NORTHERN TRUST CORP 0.31% of their portfolio | 8.8m $2.4bn | Reduced -67.0k |
| GOLDMAN SACHS GROUP INC 0.28% of their portfolio | 7.8m $2.1bn | Added +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.42% of their portfolio | 7.4m $2.0bn | Added +192.0k |
| ALLIANCEBERNSTEIN L.P. 0.69% of their portfolio | 6.4m $2.1bn | Reduced -272.1k |
| Amundi 0.47% of their portfolio | 6.4m $1.7bn | Reduced -979.9k |
| Invesco Ltd. 0.17% of their portfolio | 6.3m $1.7bn | Added +1.0m |
| Legal & General Group Plc 0.38% of their portfolio | 6.1m $1.7bn | Added +59.8k |
| Sanders Capital, LLC 1.92% of their portfolio | 6.0m $1.6bn | Reduced -32.5k |
| EAGLE CAPITAL MANAGEMENT LLC 5.32% of their portfolio | 5.9m $1.6bn | Added +158.9k |
| HSBC HOLDINGS PLC 0.92% of their portfolio | 5.7m $1.5bn | Reduced -2.1m |
| FRANKLIN RESOURCES INC 0.38% of their portfolio | 5.7m $1.5bn | Reduced -745.6k |
| ROYAL BANK OF CANADA 0.27% of their portfolio | 5.3m $1.4bn | Reduced -2.7m |
| Fisher Asset Management, LLC 0.48% of their portfolio | 5.2m $1.4bn | Reduced -55.9k |
| VANGUARD FIDUCIARY TRUST CO 0.35% of their portfolio | 5.1m $1.4bn | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.28% of their portfolio | 5.0m $1.4bn | Reduced -266.1k |
| NATIONAL BANK OF CANADA /FI/ 1.06% of their portfolio | 3.8m $1.0bn | Added +1.5m |
| JANUS HENDERSON GROUP PLC 0.47% of their portfolio | 3.7m $991.4m | Added +89.4k |
| AMERIPRISE FINANCIAL INC 0.22% of their portfolio | 3.5m $946.9m | Reduced -65.7k |
| T. Rowe Price Investment Management, Inc. 0.64% of their portfolio | 3.5m $934.9m | Reduced -3.6m |
| UBS Group AG 0.17% of their portfolio | 3.5m $934.3m | Added +729.1k |
| Nuveen, LLC 0.25% of their portfolio | 3.4m $930.8m | Reduced -191.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.50% of their portfolio | 3.4m $926.9m | Reduced -283.7k |
| WELLS FARGO & COMPANY/MN 0.18% of their portfolio | 3.4m $908.2m | Added +129.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.11% of their portfolio | 3.2m $860.6m | Added +2.6m |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.19% of their portfolio | 3.2m $854.6m | Added +488.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.54% of their portfolio | 3.1m $825.7m | Added +305.0k |
| RAYMOND JAMES FINANCIAL INC 0.25% of their portfolio | 3.0m $805.9m | Reduced -112.8k |
| BARCLAYS PLC 0.27% of their portfolio | 2.8m $762.4m | Reduced -456.9k |
| Swiss National Bank 0.41% of their portfolio | 2.7m $719.3m | Added +176.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.46% of their portfolio | 2.6m $707.4m | Reduced -56.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.60% of their portfolio | 2.6m $697.9m | Added +213.5k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 2.5m $686.0m | Added +333.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.43% of their portfolio | 2.4m $641.5m | Added +168.8k |
| California Public Employees Retirement System 0.36% of their portfolio | 2.2m $591.7m | Reduced -252.5k |
| Vanguard Global Advisers, LLC 0.29% of their portfolio | 2.0m $542.0m | First filing |
| SG Americas Securities, LLC 0.59% of their portfolio | 2.0m $530.5m | Added +265.0k |
| National Pension Service 0.40% of their portfolio | 1.9m $526.9m | Added +26.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.34% of their portfolio | 1.9m $521.6m | Added +469.2k |
| MARSHFIELD ASSOCIATES 10.25% of their portfolio | 1.9m $511.6m | Added +232.2k |
| Veritas Asset Management LLP 8.63% of their portfolio | 1.9m $509.3m | Reduced -650.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.42% of their portfolio | 1.8m $494.7m | First filing |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 2.92% of their portfolio | 1.8m $492.9m | Added +222.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.48% of their portfolio | 1.8m $478.7m | Added +308.9k |
| TWO SIGMA INVESTMENTS, LP 0.38% of their portfolio | 1.7m $460.1m | Added +1.7m |
| JANE STREET GROUP, LLC 0.48% of their portfolio | 1.6m $446.3m | Reduced -1.8m |
| ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio | 1.6m $439.2m | Added +272.7k |
| Fayez Sarofim & Co 1.11% of their portfolio | 1.6m $434.0m | Added +49.6k |
| CITADEL ADVISORS LLC 0.30% of their portfolio | 1.5m $417.3m | Reduced -1.4m |
| BANK OF MONTREAL /CAN/ 0.17% of their portfolio | 1.5m $415.4m | Reduced -114.1k |
| CITIGROUP INC 0.26% of their portfolio | 1.5m $410.8m | Added +325.2k |
| Ensign Peak Advisors, Inc 0.75% of their portfolio | 1.5m $402.1m | Reduced -176.7k |
| RHUMBLINE ADVISERS 0.34% of their portfolio | 1.5m $394.6m | Reduced -48.8k |
| MARSHALL WACE, LLP 0.41% of their portfolio | 1.4m $381.6m | Reduced -293.8k |
| TORONTO DOMINION BANK 0.73% of their portfolio | 1.4m $379.3m | Added +689.7k |
| CIBC Bancorp USA Inc. 0.50% of their portfolio | 1.4m $373.3m | First filing |
| PRINCIPAL FINANCIAL GROUP INC 0.20% of their portfolio | 1.4m $367.8m | Reduced -11.6k |
| MILLENNIUM MANAGEMENT LLC 0.27% of their portfolio | 1.4m $367.1m | Added +5.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.39% of their portfolio | 1.4m $366.9m | Reduced -33.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.18% of their portfolio | 1.3m $360.5m | Added +38.0k |
| Caisse de depot et placement du Quebec 0.56% of their portfolio | 1.3m $350.4m | Added +328.8k |
| LPL Financial LLC 0.09% of their portfolio | 1.3m $344.0m | Added +34.3k |
| Russell Investments Group, Ltd. 0.36% of their portfolio | 1.3m $339.2m | Reduced -15.8k |
| BANK OF NOVA SCOTIA 0.59% of their portfolio | 1.3m $338.8m | Reduced -224.3k |
| Davis Selected Advisers 1.55% of their portfolio | 1.2m $337.6m | Reduced -25.9k |
| Clearbridge Investments, LLC 0.29% of their portfolio | 1.2m $332.7m | Reduced -75.3k |
| FIL Ltd 0.25% of their portfolio | 1.2m $316.7m | Added +53.3k |
| D. E. Shaw & Co., Inc. 0.25% of their portfolio | 1.2m $315.8m | Added +226.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.49% of their portfolio | 1.2m $313.5m | Added +361.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.44% of their portfolio | 1.2m $312.8m | Added +38.4k |
| Daiwa Securities Group Inc. 0.90% of their portfolio | 1.1m $311.1m | Added +918.2k |
| CANADA LIFE ASSURANCE Co 0.56% of their portfolio | 1.1m $311.5m | Added +12.5k |
| Longview Partners (Guernsey) LTD 4.30% of their portfolio | 1.1m $303.5m | Reduced -133.1k |
| FEDERATED HERMES, INC. 0.49% of their portfolio | 1.1m $300.7m | Added +1.0m |
| Swedbank AB 0.32% of their portfolio | 1.1m $300.5m | Reduced -10.3k |
| Allen Investment Management, LLC 3.68% of their portfolio | 1.1m $297.3m | Reduced -52.4k |
| 1832 Asset Management L.P. 0.39% of their portfolio | 1.1m $296.6m | Reduced -212.0k |
| FIRST MANHATTAN CO. LLC. 0.77% of their portfolio | 1.0m $278.1m | Reduced -325.7k |
| US BANCORP \DE\ 0.33% of their portfolio | 1.0m $273.9m | Reduced -27.7k |
| NAYA CAPITAL MANAGEMENT UK LTD 23.15% of their portfolio | 1.0m $273.4m | Added +97.8k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 977.4k $260.0m | Added +260.5k |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 958.3k $259.3m | Reduced -20.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.40% of their portfolio | 956.5k $258.8m | Added +92.2k |
| Quadrature Capital Ltd 3.03% of their portfolio | 939.7k $254.3m | Added +57.5k |