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 ($1.5bn this quarter). Holder counts are more reliable. Shares outstanding: 897.6m as of 2026-07-31, 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 ≈ $413.70. Options: 110 managers hold calls ($19.1bn notional), 87 hold puts ($17.2bn).
Trends to Q2 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 |
| Q2 2026 | 3,375 |
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 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 |
| Q2 2026 | 1,787 | 1,401 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $25.1bn | $21.1bn | 0.84 |
| Q4 2025 | $20.9bn | $17.6bn | 0.84 |
| Q1 2026 | $15.6bn | $14.8bn | 0.95 |
| Q2 2026 | $19.1bn | $17.2bn | 0.90 |
Biggest buyers
| FMR LLC | Added | +16.0m |
| Fisher Asset Management, LLC | Added | +3.8m |
| BlackRock, Inc. | Added | +3.4m |
| FRANKLIN RESOURCES INC | Added | +3.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.3m |
| SG Americas Securities, LLC | Added | +2.2m |
| Capital World Investors | Added | +2.1m |
| Assenagon Asset Management S.A. | Added | +2.0m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +1.9m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.8m |
Biggest sellers
| Capital Research Global Investors | Reduced | -6.6m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.8m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.0m |
| HSBC HOLDINGS PLC | Reduced | -1.7m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.5m |
| Amundi | Reduced | -1.3m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.3m |
| Capital International Investors | Reduced | -1.2m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.4bn10.6m shares |
| JANE STREET GROUP, LLC | Added | $3.5bn8.4m shares |
| CITADEL ADVISORS LLC | Reduced | $2.6bn6.3m shares |
| IMC-Chicago, LLC | Reduced | $1.4bn3.4m shares |
| UBS Group AG | Added | $1.1bn2.6m shares |
| Walleye Trading LLC | Reduced | $845.2m2.0m shares |
| Pentwater Capital Management LP | Reduced | $777.2m1.9m shares |
| GROUP ONE TRADING LLC | Reduced | $670.7m1.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $508.4m1.2m shares |
| CTC LLC | New | $395.6m9.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.5bn8.4m shares |
| CITADEL ADVISORS LLC | Reduced | $2.3bn5.6m shares |
| JANE STREET GROUP, LLC | Added | $2.1bn4.9m shares |
| IMC-Chicago, LLC | Reduced | $969.4m2.3m shares |
| Walleye Trading LLC | Reduced | $861.1m2.1m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $756.4m18.2k shares |
| HSBC HOLDINGS PLC | Reduced | $751.4m1.8m shares |
| CTC LLC | New | $424.6m10.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $405.7m976.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $382.5m920.2k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 1 | $284.0k | — |
| Q3 2026 | 0 | — | 1 | $660.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-21 | Conway Patrick Hugh Chief Executive Officer, Optum | Sold | $455.9k1.2k shares |
| 2026-08-05 | Conway Patrick Hugh Chief Executive Officer, Optum | Sold | $205.0k500 shares |
| 2026-04-23 | Conway Patrick Hugh Chief Executive Officer, Optum | Sold | $284.0k800 shares |
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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.48% of their portfolio | 76.9m $31.9bn | Added +3.4m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.53% of their portfolio | 59.3m $24.7bn | Added +440.7k |
| STATE STREET CORP 0.56% of their portfolio | 45.6m $19.0bn | Added +301.1k |
| Capital World Investors 1.47% of their portfolio | 29.9m $12.4bn | Added +2.1m |
| FMR LLC 0.51% of their portfolio | 28.0m $11.6bn | Added +16.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.46% of their portfolio | 24.5m $10.2bn | Added +446.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.96% of their portfolio | 23.2m $9.6bn | Added +2.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.48% of their portfolio | 21.8m $9.0bn | Reduced -1.0m |
| JPMORGAN CHASE & CO 0.50% of their portfolio | 20.2m $8.5bn | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.10% of their portfolio | 19.8m $8.2bn | Reduced -987.2k |
| MORGAN STANLEY 0.33% of their portfolio | 14.8m $6.1bn | Reduced -168.1k |
| NORGES BANK 0.53% of their portfolio | 12.7m $5.3bn | Not comparable |
| Bank of New York Mellon Corp 0.73% of their portfolio | 10.7m $4.4bn | Added +616.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.76% of their portfolio | 10.7m $4.4bn | Added +583.5k |
| Capital Research Global Investors 0.61% of their portfolio | 10.5m $4.4bn | Reduced -6.6m |
| BANK OF AMERICA CORP /DE/ 0.26% of their portfolio | 9.7m $4.0bn | Reduced -2.0m |
| Fisher Asset Management, LLC 1.12% of their portfolio | 9.1m $3.8bn | Added +3.8m |
| Dodge & Cox 1.97% of their portfolio | 9.1m $3.8bn | Reduced -394.5k |
| NORTHERN TRUST CORP 0.42% of their portfolio | 8.8m $3.6bn | Reduced -18.9k |
| FRANKLIN RESOURCES INC 0.78% of their portfolio | 8.6m $3.6bn | Added +3.0m |
| Capital International Investors 0.67% of their portfolio | 7.8m $3.2bn | Reduced -1.2m |
| ALLIANCEBERNSTEIN L.P. 0.69% of their portfolio | 7.7m $2.1bn | Added +1.2m |
| GOLDMAN SACHS GROUP INC 0.30% of their portfolio | 7.0m $2.9bn | Reduced -863.0k |
| Invesco Ltd. 0.23% of their portfolio | 6.9m $2.9bn | Added +542.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.49% of their portfolio | 6.5m $2.7bn | Reduced -907.8k |
| Sanders Capital, LLC 2.46% of their portfolio | 5.9m $2.5bn | Reduced -66.1k |
| Legal & General Group Plc 0.51% of their portfolio | 5.9m $2.4bn | Reduced -236.6k |
| EAGLE CAPITAL MANAGEMENT LLC 7.33% of their portfolio | 5.8m $2.4bn | Reduced -86.3k |
| ROYAL BANK OF CANADA 0.36% of their portfolio | 5.2m $2.2bn | Reduced -137.3k |
| VANGUARD FIDUCIARY TRUST CO 0.47% of their portfolio | 5.1m $2.1bn | Reduced -582 |
| Amundi 0.51% of their portfolio | 5.1m $2.1bn | Reduced -1.3m |
| Jupiter Topco LLC 0.82% of their portfolio | 4.9m $2.0bn | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.35% of their portfolio | 4.7m $1.9bn | Reduced -317.6k |
| AMERIPRISE FINANCIAL INC 0.38% of their portfolio | 4.5m $1.9bn | Added +1.0m |
| SG Americas Securities, LLC 1.00% of their portfolio | 4.2m $1.7bn | Added +2.2m |
| HSBC HOLDINGS PLC 0.80% of their portfolio | 4.0m $1.7bn | Reduced -1.7m |
| Nuveen, LLC 0.37% of their portfolio | 3.7m $1.6bn | Added +302.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.80% of their portfolio | 3.7m $1.5bn | Added +622.0k |
| WELLS FARGO & COMPANY/MN 0.26% of their portfolio | 3.6m $1.5bn | Added +262.3k |
| UBS Group AG 0.24% of their portfolio | 3.6m $1.5bn | Added +107.8k |
| BARCLAYS PLC 0.45% of their portfolio | 3.4m $1.4bn | Added +609.6k |
| RAYMOND JAMES FINANCIAL INC 0.37% of their portfolio | 3.3m $1.4bn | Added +320.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.56% of their portfolio | 3.0m $1.3bn | Reduced -415.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.65% of their portfolio | 2.8m $1.2bn | Reduced -333.4k |
| Assenagon Asset Management S.A. 0.70% of their portfolio | 2.6m $1.1bn | Added +2.0m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.59% of their portfolio | 2.6m $1.1bn | Added +193.2k |
| Swiss National Bank 0.56% of their portfolio | 2.6m $1.1bn | Reduced -98.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.75% of their portfolio | 2.6m $1.1bn | Added +1.9m |
| Sumitomo Mitsui Trust Group, Inc. 0.60% of their portfolio | 2.5m $1.1bn | Reduced -75.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.87% of their portfolio | 2.4m $1.0bn | Added +1.8m |
| DEUTSCHE BANK AG\ 0.29% of their portfolio | 2.4m $1.0bn | Reduced -127.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.54% of their portfolio | 2.3m $971.8m | Added +410.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.67% of their portfolio | 2.1m $860.9m | Reduced -507.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.57% of their portfolio | 2.0m $847.8m | Added +211.5k |
| Vanguard Global Advisers, LLC 0.38% of their portfolio | 2.0m $819.3m | Reduced -32.0k |
| National Pension Service 0.53% of their portfolio | 2.0m $818.9m | Added +23.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio | 2.0m $811.1m | Added +328.4k |
| California Public Employees Retirement System 0.45% of their portfolio | 1.9m $799.8m | Reduced -262.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.69% of their portfolio | 1.9m $783.0m | Reduced -1.3m |
| MARSHALL WACE, LLP 0.64% of their portfolio | 1.8m $761.9m | Added +422.7k |
| JANE STREET GROUP, LLC 0.47% of their portfolio | 1.8m $740.3m | Added +131.9k |
| BANK OF MONTREAL /CAN/ 0.27% of their portfolio | 1.8m $737.2m | Added +238.6k |
| AQR CAPITAL MANAGEMENT LLC 0.25% of their portfolio | 1.8m $729.1m | Added +780.1k |
| Swedbank AB 0.62% of their portfolio | 1.7m $719.7m | Added +620.8k |
| MILLENNIUM MANAGEMENT LLC 0.45% of their portfolio | 1.6m $672.3m | Added +261.0k |
| NATIONAL BANK OF CANADA /FI/ 0.59% of their portfolio | 1.6m $670.7m | Reduced -2.2m |
| Fayez Sarofim & Co 1.54% of their portfolio | 1.6m $654.7m | Reduced -28.5k |
| MARSHFIELD ASSOCIATES 14.87% of their portfolio | 1.5m $634.3m | Reduced -364.5k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.84% of their portfolio | 1.5m $607.7m | Added +129.9k |
| RHUMBLINE ADVISERS 0.46% of their portfolio | 1.5m $607.6m | Added +3.6k |
| Ensign Peak Advisors, Inc 0.99% of their portfolio | 1.4m $599.9m | Reduced -42.8k |
| Qube Research & Technologies Ltd 0.65% of their portfolio | 1.4m $584.3m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.29% of their portfolio | 1.4m $583.9m | Added +45.4k |
| Russell Investments Group, Ltd. 0.51% of their portfolio | 1.4m $581.6m | Added +138.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.52% of their portfolio | 1.4m $567.4m | Added +9.3k |
| Caisse de depot et placement du Quebec 0.81% of their portfolio | 1.4m $566.8m | Added +68.7k |
| AMERICAN CENTURY COMPANIES INC 0.25% of their portfolio | 1.4m $566.6m | Added +404.8k |
| FIL Ltd 0.40% of their portfolio | 1.3m $559.5m | Added +175.6k |
| 1832 Asset Management L.P. 0.66% of their portfolio | 1.3m $537.6m | Added +197.1k |
| LPL Financial LLC 0.12% of their portfolio | 1.3m $531.7m | Added +8.0k |
| Davis Selected Advisers 2.28% of their portfolio | 1.3m $529.8m | Added +27.2k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 3.09% of their portfolio | 1.3m $528.1m | Reduced -551.2k |
| CIBC Bancorp USA Inc. 0.62% of their portfolio | 1.2m $501.6m | Reduced -172.9k |
| CANADA LIFE ASSURANCE Co 0.78% of their portfolio | 1.2m $488.0m | Added +28.4k |
| CITIGROUP INC 0.23% of their portfolio | 1.2m $487.5m | Reduced -345.0k |
| Bahl & Gaynor LLC 2.19% of their portfolio | 1.1m $475.1m | Added +290.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.56% of their portfolio | 1.1m $473.2m | Added +578.1k |
| BANK OF NOVA SCOTIA 0.71% of their portfolio | 1.1m $469.9m | Reduced -121.5k |
| Tidal Investments LLC 1.13% of their portfolio | 1.1m $467.1m | Added +259.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.65% of their portfolio | 1.1m $461.4m | Added +153.7k |
| Ninety One UK Ltd 1.03% of their portfolio | 1.1m $458.6m | Added +1.0m |
| Veritas Asset Management LLP 8.06% of their portfolio | 1.1m $448.1m | Reduced -803.9k |
| NEUBERGER BERMAN GROUP LLC 0.30% of their portfolio | 1.1m $446.4m | Added +295.7k |
| CITADEL ADVISORS LLC 0.25% of their portfolio | 1.1m $442.3m | Reduced -478.2k |
| NAYA CAPITAL MANAGEMENT UK LTD 26.18% of their portfolio | 1.1m $436.8m | Added +40.5k |
| MACKENZIE FINANCIAL CORP 0.43% of their portfolio | 1.0m $431.7m | Added +549.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.25% of their portfolio | 1.0m $430.3m | Reduced -733.8k |
| Aberdeen Group plc 0.60% of their portfolio | 1.0m $429.1m | Added +187.4k |
| US BANCORP \DE\ 0.46% of their portfolio | 1.0m $424.6m | Added +9.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.59% of their portfolio | 990.2k $411.5m | Added +683.3k |