Holders over time
- CI
- UNH
| Quarter | CI | UNH |
|---|---|---|
| Q3 2020 | 34 holders, $18.1bn | 37 holders, $71.0bn |
| Q4 2020 | 22 holders, $21.9bn | 36 holders, $79.4bn |
| Q1 2021 | 24 holders, $23.9bn | 37 holders, $81.7bn |
| Q2 2021 | 31 holders, $22.5bn | 43 holders, $86.1bn |
| Q3 2021 | 30 holders, $17.8bn | 38 holders, $81.3bn |
| Q4 2021 | 26 holders, $20.1bn | 38 holders, $104bn |
| Q1 2022 | 28 holders, $20.4bn | 41 holders, $105bn |
| Q2 2022 | 32 holders, $22.1bn | 33 holders, $107bn |
| Q3 2022 | 31 holders, $21.5bn | 42 holders, $102bn |
| Q4 2022 | 30 holders, $24.7bn | 43 holders, $116bn |
| Q1 2023 | 35 holders, $18.2bn | 51 holders, $90.5bn |
| Q2 2023 | 30 holders, $19.8bn | 43 holders, $88.3bn |
| Q3 2023 | 28 holders, $19.8bn | 43 holders, $91.0bn |
| Q4 2023 | 31 holders, $20.6bn | 42 holders, $92.5bn |
| Q1 2024 | 28 holders, $24.0bn | 44 holders, $82.5bn |
| Q2 2024 | 28 holders, $19.5bn | 43 holders, $87.4bn |
| Q3 2024 | 25 holders, $20.2bn | 37 holders, $95.7bn |
| Q4 2024 | 23 holders, $15.2bn | 45 holders, $79.2bn |
| Q1 2025 | 24 holders, $18.4bn | 49 holders, $81.5bn |
| Q2 2025 | 34 holders, $19.5bn | 50 holders, $44.5bn |
| Q3 2025 | 28 holders, $16.2bn | 42 holders, $44.3bn |
| Q4 2025 | 21 holders, $14.6bn | 41 holders, $42.6bn |
| Q1 2026 | 26 holders, $13.5bn | 44 holders, $38.0bn |
| Q2 2026 | 28 holders, $13.0bn | 43 holders, $62.3bn |
The Cigna Group
- Holders
- 24
- Reported value
- $18.4bn
- Buyers
- 15
- Sellers
- 10
Breadth +5 among 95 comparable managers.
Unitedhealth Group Inc
- Holders
- 49
- Reported value
- $81.5bn
- Buyers
- 26
- Sellers
- 25
Breadth +1 among 95 comparable managers.
Who holds both, Q1 2025
Both (16)
AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Dodge & Cox, Fidelity (FMR LLC), Invesco Ltd, Man Group PLC, Neuberger Berman Group LLC, Squarepoint Ops LLC, Susquehanna International Group LLP, T. Rowe Price Associates Inc, Winton Group Ltd, Woodline Partners LP
Only CI (8)
Artisan Partners LP, Bridgewater Associates LP, ExodusPoint Capital Management LP, GAMCO Investors Inc, Glenview Capital Management LLC, MFS Investment Management, Two Sigma Advisers LP, Two Sigma Investments LP
Only UNH (33)
Acadian Asset Management LLC, Appaloosa LP, Baillie Gifford & Co, Balyasny Asset Management LLC, Caxton Associates LLP, Citadel Advisors LLC, D. E. Shaw & Co., Discovery Capital Management LLC, Eisler Capital Management Ltd, Farallon Capital Management LLC, First Eagle Investment Management LLC, Freestone Grove Partners LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Markel Group Inc, Marshall Wace LLP, Maverick Capital Ltd, Millennium Management LLC, Moore Capital Management LP, Point72 Asset Management LP, Polen Capital Management LLC, Quantbot Technologies LP, Ruane Cunniff & Goldfarb LP, Schonfeld Strategic Advisors LLC, and 8 more
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.