Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Unitedhealth Group Inc (UNH)

3K + Investors. Track Smart Money conviction in UNH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -223
Streak
1Q ▼
Buyers last Q
43%

Smart Money Signals — UNH

Based on 3046 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their UNH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 86% of 3.0Y peak

86% of all-time peak
3,046 funds currently hold this stock — 86% of the 3.0-year high of 3,562 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 14% fewer funds vs a year ago

fund count last 6Q
485 fewer hedge funds hold UNH compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

1424 buying1892 selling
Last quarter: 1,892 funds reduced or exited vs 1,424 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-186 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 301 → 359 → 412 → 226. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

72% of holders stayed for 2+ years

■ 72% conviction (2yr+) ■ 16% medium ■ 13% new
2,179 out of 3,046 hedge funds have held UNH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -2%, value -20%

Value
-19%
Shares
-2%
Last quarter: funds added -2% more shares while total portfolio value only changed -20%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~226 new funds/quarter

253 → 301 → 359 → 412 → 226 new funds/Q
New funds entering each quarter: 301 → 359 → 412 → 226. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 73% veterans vs 16% newcomers

■ 73% veterans ■ 11% 1-2yr ■ 16% new
Entry-cohort mix of 3,185 holders: 2,330 (73%) are 2+ year veterans, 345 entered 1–2 years ago, and 510 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
72 of 3031 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in UNH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — UNH

In 2026 Q1, 1424 hedge funds were net buyers of UNH (226 opened a new position, 1198 added to an existing one), while 1892 reduced or exited (1443 trimmed, 449 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. 64% of total institutional value in UNH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -223 funds (more exits than new entries). Total institutional holders: 3046.

Hedge Fund Ownership: UNH

How many hedge funds hold UNH — quarterly history vs. share price
Quarterly hedge fund ownership of UNH vs. share price

Market Analysis: UNH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UNH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

130 top-rated funds 52 high-conviction
Consensus
9.2
/ 10
breadth
×
Elite
5.8
/ 10
conviction
Hedge Fund Positioning: UNH
2026 Q2 Stats Unlock in 3 days 3K + Investors

Track Smart Money conviction in UNH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 3013 3265 -7.72%
13F Shares 814M 844M -3.57%
Total Value $212.09B $272.32B -22.12%
New Positions 216 412 -196
Increased Positions 1161 1103 +58
Closed Positions 468 278 +190
Reduced Positions 1376 1478 -102
Total Calls 91 76 19.74%
Total Puts 62 62 -
PUT/CALL Ratio 0.68 0.82 Bullish

Statistics: UNH

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

3K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in UNH. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 UNH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Oberndorf William E 26.86% 35,553 $14.8M
2 Naya Capital Management UK Ltd 21.01% 1,051,012 $436.8M
3 Marshfield Associates 14.87% 1,526,157 $634.3M
4 Bayban 12.37% 38,800 $16.1M
5 GUARDCAP ASSET MANAGEMENT Ltd 11.37% 388,415 $159.9M
6 Solel Partners LP 10.70% 151,527 $63.0M
7 Elwood Capital Partners LP 10.25% 50,000 $20.8M
8 Endure Capital Management, LLC 9.22% 100,000 $41.6M
9 Boone Capital Management LLC 8.62% 88,687 $36.9M
10 Seilern Investment Management Ltd 8.38% 160,023 $66.5M
11 Route One Investment Company, L.P. 8.14% 487,725 $202.7M
12 Veritas Asset Management LLP 8.06% 1,078,201 $448.1M
13 Garrison Bradford & Associates Inc 7.71% 17,102 $7.1M
14 Gobi Capital LLC 7.53% 386,368 $160.6M
15 Eagle Capital Management LLC 7.33% 5,773,026 $2.40B
16 Bretton Capital Management, LLC 7.20% 21,700 $9.0M
17 SaddleRock Capital Management LLC 6.89% 17,179 $7.1M
18 Focused Investors LLC 6.22% 443,500 $184.3M
19 Elwood Capital Partners LP 6.15% 30,028 $12.5M
20 MFF Capital Investments Ltd 6.11% 242,384 $100.7M
21 Brooklands Fund Management Ltd 6.09% 18,214 $7.8M
22 Patient Capital Management, LLC 5.96% 437,773 $182.0M
23 Generali Powszechne Towarzystwo Emerytalne 5.95% 90,350 $37.6M
24 Longview Partners (Guernsey) LTD 5.69% 842,497 $350.2M
25 Edgar Lomax Co/Va 5.60% 180,225 $74.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Unitedhealth Group Inc (UNH)

What does the Smart Money Trend signal show for UNH?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their UNH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for UNH?

More sellers than buyers — 43% buying: Last quarter: 1,892 funds reduced or exited vs 1,424 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for UNH holders?

Elite ownership — 64% AUM from top-100 funds: 72 of 3031 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in UNH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held UNH?

72% of holders stayed for 2+ years: 2,179 out of 3,046 hedge funds have held UNH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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