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
- 21
- Reported value
- $14.6bn
- Buyers
- 20
- Sellers
- 23
Breadth -3 among 92 comparable managers.
Unitedhealth Group Inc
- Holders
- 41
- Reported value
- $42.6bn
- Buyers
- 25
- Sellers
- 26
Breadth -1 among 92 comparable managers.
Who holds both, Q4 2025
Both (13)
Acadian Asset Management LLC, AQR Capital Management LLC, Arrowstreet Capital LP, Capital Research Global Investors, Capital World Investors, Dodge & Cox, Fidelity (FMR LLC), Invesco Ltd, Moore Capital Management LP, Neuberger Berman Group LLC, Quantbot Technologies LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc
Only CI (8)
Bridgewater Associates LP, ExodusPoint Capital Management LP, GAMCO Investors Inc, Glenview Capital Management LLC, Greenlight Capital, Man Group PLC, MFS Investment Management, Two Sigma Advisers LP
Only UNH (28)
AllianceBernstein LP, Appaloosa LP, Baillie Gifford & Co, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Caxton Associates LLP, Citadel Advisors LLC, D. E. Shaw & Co., Farallon Capital Management LLC, First Eagle Investment Management LLC, Freestone Grove Partners LP, Harris Associates LP, Jane Street Group LLC, Janus Henderson Group Ltd, Markel Group Inc, Marshall Wace LLP, Millennium Management LLC, Point72 Asset Management LP, Polen Capital Management LLC, Renaissance Technologies LLC, Ruane Cunniff & Goldfarb LP, Soros Fund Management LLC, Tiger Global Management LLC, Tudor Investment Corp, Viking Global Investors LP, and 3 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.