Which funds own ELV
Elevance Health Inc Formerly in the Q2 2026 filings. At least 18 of the 91 current managers on file reported a position, worth $15.4bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 18
- at least, of 91 current
- Combined value
- $15.4bn
- as reported
- Opened
- 4
- new this quarter
- Added to
- 5
- already held
- Trimmed or sold out
- 11
- 3 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Wellington Management Group LLP Long-only · $580bn book | $3.6bn | 0.6% | 9,213,513 | +$1.2bn+984,976 | Added |
| Harris Associates LP Value · $75.4bn book | $1.9bn | 2.5% | 4,924,511 | +$500m+127,985 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $1.8bn | 2.8% | 4,581,222 | +$271m-545,953 | Trimmed |
| Invesco Ltd Long-only · $1264bn book | $1.6bn | 0.1% | 4,234,231 | +$227m-583,179 | Trimmed |
| First Eagle Investment Management LLC Value · $60.8bn book | $1.6bn | 2.7% | 4,188,196 | +$410m+55,905 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $1.6bn | 0.2% | 4,014,991 | +$163m-731,594 | Trimmed |
| MFS Investment Management Long-only · $315bn book | $749m | 0.2% | 1,935,880 | +$92m-300,249 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $512m | 0.2% | 1,323,163 | +$153m+97,363 | Added |
| Baupost Group LLC Activist · $5.4bn book | $493m | 9.1% | 1,275,154 | +$120m0 | Held |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $446m | 0.5% | 1,152,349 | +$384m+940,869 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $419m | 0.4% | 1,083,237 | +$76m-89,571 | Trimmed |
| Ruane Cunniff & Goldfarb LP Value · $6.4bn book | $379m | 5.9% | 979,598 | -$28m-408,370 | Trimmed |
| Millennium Management LLC Multi-strategy · $276bn book | $281m | 0.1% | 727,561 | +$12m-191,610 | Trimmed |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $72m | 0.5% | 186,427 | +$11m-20,796 | Trimmed |
| Glenview Capital Management LLC Long/short equity · $5.5bn book | $26m | 0.5% | 66,599 | opened66,599 | New |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $15m | 0.1% | 37,855 | opened37,855 | New |
| Caxton Associates LLP Macro · $5.3bn book | $4.3m | 0.1% | 11,047 | opened11,047 | New |
| PDT Partners LLC Quantitative · $1.9bn book | $3.2m | 0.2% | 8,400 | opened8,400 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Capital Research Global Investors · Long-only$35m held before
- Woodline Partners LP · Long/short equity$6.9m held before
- Davidson Kempner Capital Management LP · Long/short equity$6.2m held before
Ownership through time
At least 28 of the 95 managers whose filings are on file listed ELV in Q2 2026, against 23 in Q4 2014. 2 managers more than in Q1 2026: 4 started positions; 3 listed it again; 2 sold out, by their own filings; 3 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q4 2014: 23
- Q1 2015: 24
- Q2 2015: 30
- Q3 2015: 30
- Q4 2015: 26
- Q1 2016: 30
- Q2 2016: 29
- Q3 2016: 26
- Q4 2016: 27
- Q1 2017: 22
- Q2 2017: 28
- Q3 2017: 30
- Q4 2017: 31
- Q1 2018: 36
- Q2 2018: 34
- Q3 2018: 32
- Q4 2018: 34
- Q1 2019: 39
- Q2 2019: 25
- Q3 2019: 34
- Q4 2019: 29
- Q1 2020: 33
- Q2 2020: 34
- Q3 2020: 30
- Q4 2020: 29
- Q1 2021: 25
- Q2 2021: 30
- Q3 2021: 26
- Q4 2021: 29
- Q1 2022: 31
- Q2 2022: 32
- Q3 2022: 34
- Q4 2022: 34
- Q1 2023: 39
- Q2 2023: 38
- Q3 2023: 34
- Q4 2023: 36
- Q1 2024: 35
- Q2 2024: 33
- Q3 2024: 30
- Q4 2024: 32
- Q1 2025: 28
- Q2 2025: 27
- Q3 2025: 27
- Q4 2025: 25
- Q1 2026: 26
- Q2 2026: 28
- Q4 2014: $6.6bn
- Q1 2015: $9.2bn
- Q2 2015: $10.1bn
- Q3 2015: $9.8bn
- Q4 2015: $10.2bn
- Q1 2016: $9.7bn
- Q2 2016: $8.7bn
- Q3 2016: $7.5bn
- Q4 2016: $8.9bn
- Q1 2017: $10.0bn
- Q2 2017: $10.8bn
- Q3 2017: $11.4bn
- Q4 2017: $13.9bn
- Q1 2018: $14.2bn
- Q2 2018: $15.6bn
- Q3 2018: $18.3bn
- Q4 2018: $18.0bn
- Q1 2019: $20.2bn
- Q2 2019: $18.8bn
- Q3 2019: $14.6bn
- Q4 2019: $17.6bn
- Q1 2020: $12.6bn
- Q2 2020: $14.8bn
- Q3 2020: $15.0bn
- Q4 2020: $16.7bn
- Q1 2021: $18.6bn
- Q2 2021: $19.4bn
- Q3 2021: $18.5bn
- Q4 2021: $23.3bn
- Q1 2022: $23.9bn
- Q2 2022: $23.3bn
- Q3 2022: $22.6bn
- Q4 2022: $25.5bn
- Q1 2023: $22.5bn
- Q2 2023: $20.6bn
- Q3 2023: $19.8bn
- Q4 2023: $20.3bn
- Q1 2024: $21.3bn
- Q2 2024: $22.1bn
- Q3 2024: $20.2bn
- Q4 2024: $15.9bn
- Q1 2025: $17.1bn
- Q2 2025: $14.8bn
- Q3 2025: $12.7bn
- Q4 2025: $17.0bn
- Q1 2026: $13.6bn
- Q2 2026: $17.7bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Fidelity (FMR LLC)1,975,719 to 3,131,652 shares+$447m
- Wellington Management Group LLP8,228,537 to 9,213,513 shares+$381m
- Acadian Asset Management LLC211,480 to 1,152,349 shares+$364m
- Harris Associates LP4,796,526 to 4,924,511 shares+$49m
- Arrowstreet Capital LP1,225,800 to 1,323,163 shares+$38m
Largest decreases, by shares
- T. Rowe Price Associates Inc4,746,585 to 4,014,991 shares-$283m
- Citadel Advisors LLC1,562,219 to 906,386 shares-$254m
- Invesco Ltd4,817,410 to 4,234,231 shares-$226m
- Artisan Partners LP5,127,175 to 4,581,222 shares-$211m
- Ruane Cunniff & Goldfarb LP1,387,968 to 979,598 shares-$158m
Left it
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Wellington Management Group LLP | Q4 2014 | $5.0bn | $3.6bn | |
| Harris Associates LP | Q4 2024 | $1.9bn | $1.9bn | |
| Artisan Partners LP | Q3 2015 | $1.8bn | $1.8bn | |
| Invesco Ltd | Q4 2014 | $1.7bn | $1.6bn | |
| First Eagle Investment Management LLC | Q4 2014 | $1.6bn | $1.6bn | |
| T. Rowe Price Associates Inc | Q4 2014 | $6.5bn | $1.6bn | |
| Fidelity (FMR LLC) | Q4 2014 | $3.4bn | $1.2bn | |
| MFS Investment Management | Q4 2014 | $1.2bn | $749m | |
| Arrowstreet Capital LP | Q1 2017 | $512m | $512m | |
| Baupost Group LLC | Q1 2025 | $493m | $493m | |
| Acadian Asset Management LLC | Q4 2014 | $446m | $446m | |
| Baillie Gifford & Co | Q4 2014 | $2.1bn | $419m | |
| Ruane Cunniff & Goldfarb LP | Q1 2021 | $863m | $379m | |
| Citadel Advisors LLC | Q4 2015 | $585m | $351m | |
| Millennium Management LLC | Q4 2014 | $431m | $281m | |
| Viking Global Investors LP | Q4 2014 | $1.8bn | last listed Q2 2023 | |
| TCI Fund Management Ltd | Q2 2019 | $1.2bn | last listed Q1 2020 | |
| Neuberger Berman Group LLC | Q4 2014 | $498m | last listed Q1 2025 | |
| D1 Capital Partners LP | Q1 2023 | $418m | last listed Q2 2025 | |
| Farallon Capital Management LLC | Q2 2017 | $409m | last listed Q3 2023 | |
| Two Sigma Advisers LP | Q3 2015 | $348m | last listed Q4 2024 | |
| Man Group PLC | Q1 2018 | $298m | last listed Q2 2025 | |
| Maverick Capital Ltd | Q3 2015 | $286m | last listed Q4 2023 | |
| Steadfast Capital Management LP | Q3 2021 | $282m | last listed Q1 2024 | |
| D. E. Shaw & Co. | Q4 2014 | $260m | last listed Q1 2026 |
What ELV is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around ELV →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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