Which funds own UNH
Unitedhealth Group Inc in the Q2 2026 filings. At least 33 of the 91 current managers on file reported a position, worth $60.0bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 22 managers opened or added against 15 cutting.
- Managers holding
- 33
- at least, of 91 current
- Combined value
- $60.0bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 20
- already held
- Trimmed or sold out
- 15
- 4 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 |
|---|---|---|---|---|---|
| Capital World Investors Long-only · $846bn book | $12.4bn | 1.5% | 29,887,932 | +$4.9bn+2,104,517 | Added |
| Fidelity (FMR LLC) Long-only · $2304bn book | $11.6bn | 0.5% | 27,992,995 | +$8.4bn+15,973,949 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $9.6bn | 1.0% | 23,153,813 | +$4.0bn+2,279,867 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $4.4bn | 0.8% | 10,675,175 | +$1.7bn+583,536 | Added |
| Capital Research Global Investors Long-only · $717bn book | $4.4bn | 0.6% | 10,534,177 | -$251m-6,578,041 | Trimmed |
| Dodge & Cox Value · $191bn book | $3.8bn | 2.0% | 9,072,258 | +$1.2bn-394,498 | Trimmed |
| Invesco Ltd Long-only · $1264bn book | $2.9bn | 0.2% | 6,858,984 | +$1.1bn+542,522 | Added |
| AllianceBernstein LP Long-only · $302bn book | $2.1bn | 0.7% | 7,669,420 | -$52m+1,225,557 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $2.0bn | 0.8% | 4,859,820 | +$1.0bn+1,168,213 | Added |
| Arrowstreet Capital LP Quantitative · $225bn book | $1.3bn | 0.6% | 3,010,223 | +$324m-415,158 | Trimmed |
| Marshall Wace LLP Quantitative · $127bn book | $762m | 0.6% | 1,833,046 | +$380m+422,712 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $729m | 0.3% | 1,757,550 | +$469m+780,142 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $672m | 0.2% | 1,617,653 | +$305m+261,043 | Added |
| Farallon Capital Management LLC Long/short equity · $21.7bn book | $528m | 2.4% | 1,270,532 | +$35m-551,174 | Trimmed |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $473m | 0.6% | 1,138,592 | +$322m+578,080 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $446m | 0.3% | 1,073,625 | +$236m+295,659 | Added |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $345m | 0.4% | 830,855 | +$232m+411,366 | Added |
| Ruane Cunniff & Goldfarb LP Value · $6.4bn book | $293m | 4.6% | 705,554 | +$96m-22,853 | Trimmed |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $196m | 0.2% | 471,529 | +$86m+64,693 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $176m | 0.2% | 423,218 | +$59m-7,692 | Trimmed |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $153m | 0.2% | 367,014 | -$161m-791,414 | Trimmed |
| Woodline Partners LP Long/short equity · $32.4bn book | $128m | 0.4% | 307,178 | +$85m+147,648 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $126m | 0.2% | 302,185 | -$6.0m-184,190 | Trimmed |
| Tiger Global Management LLC Long/short equity · $24.0bn book | $124m | 0.5% | 297,452 | +$29m-52,993 | Trimmed |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $106m | 0.3% | 254,280 | -$84m-445,720 | Trimmed |
| Artisan Partners LP Long-only · $63.1bn book | $85m | 0.1% | 204,738 | opened204,738 | New |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $68m | 0.4% | 162,682 | +$19m-18,229 | Trimmed |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $42m | 0.5% | 101,373 | +$37m+82,673 | Added |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $26m | 0.1% | 62,948 | +$26m+62,567 | Added |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $24m | 0.1% | 57,080 | +$13m+15,443 | Added |
| First Eagle Investment Management LLC Value · $60.8bn book | $18m | 0.0% | 42,364 | +$6.6m+1,560 | Added |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $13m | 0.4% | 30,050 | opened30,050 | New |
| Caxton Associates LLP Macro · $5.3bn book | $6.0m | 0.1% | 14,512 | +$5.1m+10,898 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Appaloosa LP · Activist$24m held before
- Quantbot Technologies LP · Quantitative$7.3m held before
- Baillie Gifford & Co · Long-only$5.5m held before
- Markel Group Inc · Activist$5.1m held before
Ownership through time
At least 43 of the 95 managers whose filings are on file listed UNH in Q2 2026, against 25 in Q2 2013. 1 manager fewer than in Q1 2026: 3 started positions; 2 listed it again; 4 sold out, by their own filings; 2 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.
- Q2 2013: 25
- Q3 2013: 24
- Q4 2013: 17
- Q1 2014: 21
- Q2 2014: 22
- Q3 2014: 22
- Q4 2014: 23
- Q1 2015: 28
- Q2 2015: 25
- Q3 2015: 21
- Q4 2015: 24
- Q1 2016: 24
- Q2 2016: 27
- Q3 2016: 25
- Q4 2016: 36
- Q1 2017: 36
- Q2 2017: 32
- Q3 2017: 35
- Q4 2017: 36
- Q1 2018: 38
- Q2 2018: 36
- Q3 2018: 40
- Q4 2018: 36
- Q1 2019: 37
- Q2 2019: 37
- Q3 2019: 36
- Q4 2019: 32
- Q1 2020: 42
- Q2 2020: 34
- Q3 2020: 37
- Q4 2020: 36
- Q1 2021: 37
- Q2 2021: 43
- Q3 2021: 38
- Q4 2021: 38
- Q1 2022: 41
- Q2 2022: 33
- Q3 2022: 42
- Q4 2022: 43
- Q1 2023: 51
- Q2 2023: 43
- Q3 2023: 43
- Q4 2023: 42
- Q1 2024: 44
- Q2 2024: 43
- Q3 2024: 37
- Q4 2024: 45
- Q1 2025: 49
- Q2 2025: 50
- Q3 2025: 42
- Q4 2025: 41
- Q1 2026: 44
- Q2 2026: 43
- Q2 2013: $16.4bn
- Q3 2013: $18.4bn
- Q4 2013: $19.5bn
- Q1 2014: $21.7bn
- Q2 2014: $21.4bn
- Q3 2014: $22.2bn
- Q4 2014: $25.1bn
- Q1 2015: $29.1bn
- Q2 2015: $30.0bn
- Q3 2015: $29.8bn
- Q4 2015: $31.1bn
- Q1 2016: $33.8bn
- Q2 2016: $35.8bn
- Q3 2016: $35.0bn
- Q4 2016: $37.7bn
- Q1 2017: $38.7bn
- Q2 2017: $43.9bn
- Q3 2017: $46.7bn
- Q4 2017: $52.5bn
- Q1 2018: $50.9bn
- Q2 2018: $59.2bn
- Q3 2018: $61.0bn
- Q4 2018: $58.1bn
- Q1 2019: $56.8bn
- Q2 2019: $57.3bn
- Q3 2019: $48.7bn
- Q4 2019: $70.4bn
- Q1 2020: $59.2bn
- Q2 2020: $67.5bn
- Q3 2020: $71.0bn
- Q4 2020: $79.4bn
- Q1 2021: $81.7bn
- Q2 2021: $86.1bn
- Q3 2021: $81.3bn
- Q4 2021: $104bn
- Q1 2022: $105bn
- Q2 2022: $107bn
- Q3 2022: $102bn
- Q4 2022: $116bn
- Q1 2023: $90.5bn
- Q2 2023: $88.3bn
- Q3 2023: $91.0bn
- Q4 2023: $92.5bn
- Q1 2024: $82.5bn
- Q2 2024: $87.4bn
- Q3 2024: $95.7bn
- Q4 2024: $79.2bn
- Q1 2025: $81.5bn
- Q2 2025: $44.5bn
- Q3 2025: $44.3bn
- Q4 2025: $42.6bn
- Q1 2026: $38.0bn
- Q2 2026: $62.3bn
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)12,019,046 to 27,992,995 shares+$6.6bn
- T. Rowe Price Associates Inc20,873,946 to 23,153,813 shares+$948m
- Capital World Investors27,783,415 to 29,887,932 shares+$875m
- Janus Henderson Group Ltd3,691,607 to 4,859,820 shares+$486m
- AllianceBernstein LP6,443,863 to 7,669,420 shares+$332m
Largest decreases, by shares
- Capital Research Global Investors17,112,218 to 10,534,177 shares-$2.7bn
- Two Sigma Investments LP1,700,196 to 196,716 shares-$625m
- Susquehanna International Group LLP3,180,281 to 1,883,767 shares-$539m
- Renaissance Technologies LLC1,158,428 to 367,014 shares-$329m
- D. E. Shaw & Co.1,167,220 to 493,719 shares-$280m
Left it
- Appaloosa LPwas $24m
- Quantbot Technologies LPwas $7.3m
- Baillie Gifford & Cowas $5.5m
- Markel Group Incwas $5.1m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital World Investors | Q2 2013 | $17.8bn | $12.4bn | |
| Fidelity (FMR LLC) | Q2 2013 | $25.7bn | $11.6bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $18.9bn | $9.6bn | |
| Wellington Management Group LLP | Q2 2013 | $14.6bn | $4.4bn | |
| Capital Research Global Investors | Q2 2013 | $10.9bn | $4.4bn | |
| Dodge & Cox | Q2 2013 | $3.8bn | $3.8bn | |
| Invesco Ltd | Q2 2013 | $3.6bn | $2.9bn | |
| AllianceBernstein LP | Q2 2013 | $6.3bn | $2.1bn | |
| Janus Henderson Group Ltd | Q2 2013 | $3.2bn | $2.0bn | |
| Arrowstreet Capital LP | Q1 2017 | $1.4bn | $1.3bn | |
| Susquehanna International Group LLP | Q2 2013 | $861m | $783m | |
| Marshall Wace LLP | Q2 2014 | $989m | $762m | |
| Jane Street Group LLC | Q1 2015 | $1.1bn | $740m | |
| AQR Capital Management LLC | Q2 2013 | $729m | $729m | |
| Millennium Management LLC | Q3 2013 | $672m | $672m | |
| Eisler Capital Management Ltd | Q2 2021 | $13.0bn | last listed Q3 2025 | |
| Polen Capital Management LLC | Q3 2020 | $1.9bn | last listed Q4 2025 | |
| Berkshire Hathaway Inc | Q2 2025 | $1.7bn | last listed Q4 2025 | |
| Lone Pine Capital LLC | Q2 2017 | $1.2bn | last listed Q2 2025 | |
| Viking Global Investors LP | Q4 2016 | $1.2bn | last listed Q4 2025 | |
| MFS Investment Management | Q2 2013 | $1.1bn | last listed Q4 2023 | |
| Egerton Capital UK LLP | Q4 2017 | $1.0bn | last listed Q1 2023 | |
| Harris Associates LP | Q2 2013 | $955m | last listed Q4 2025 | |
| Appaloosa LP | Q1 2017 | $764m | last listed Q1 2026 | |
| Baillie Gifford & Co | Q3 2021 | $507m | last listed Q1 2026 |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Susquehanna International Group LLP · calls$4.4bn notional
- Susquehanna International Group LLP · puts$3.5bn notional
- Jane Street Group LLC · calls$3.5bn notional
- Citadel Advisors LLC · calls$2.6bn notional
- Citadel Advisors LLC · puts$2.3bn notional
- Jane Street Group LLC · puts$2.1bn notional
- D. E. Shaw & Co. · puts$383m notional
- Millennium Management LLC · puts$373m notional
- D. E. Shaw & Co. · calls$240m notional
- Tudor Investment Corp · puts$212m notional
- Squarepoint Ops LLC · calls$195m notional
- Hudson Bay Capital Management LP · puts$156m notional
- Tudor Investment Corp · calls$108m notional
- Hudson Bay Capital Management LP · calls$51m notional
- Brevan Howard Capital Management LP · calls$11m notional
- Rokos Capital Management LLP · calls$2.8m notional
- Rokos Capital Management LLP · puts$100k notional
What UNH 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 UNH →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.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
One email a week, free, and you can leave at any point.