Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Elevance Health Inc Formerly (ELV)

1K + Investors. Track Smart Money conviction in ELV. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -80
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — ELV

Based on 1462 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 ELV 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 — 88% of 3.0Y peak

88% of all-time peak
1,462 funds currently hold this stock — 88% of the 3.0-year high of 1,653 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 10% fewer funds vs a year ago

fund count last 6Q
157 fewer hedge funds hold ELV compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 42% buying

643 buying879 selling
Last quarter: 879 funds reduced or exited vs 643 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 (-69 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 153 → 171 → 221 → 152. 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.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 16% medium ■ 14% new
1,025 out of 1,462 hedge funds have held ELV 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 -5%, value -22%

Value
-21%
Shares
-4%
Last quarter: funds added -5% more shares while total portfolio value only changed -22%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

228 → 153 → 171 → 221 → 152 new funds/Q
New funds entering each quarter: 153 → 171 → 221 → 152. A growing number of institutions are discovering ELV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 72% veterans vs 17% newcomers

■ 72% veterans ■ 10% 1-2yr ■ 17% new
Entry-cohort mix of 1,508 holders: 1,088 (72%) are 2+ year veterans, 158 entered 1–2 years ago, and 262 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
68 of 1458 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in ELV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — ELV

In 2026 Q1, 643 hedge funds were net buyers of ELV (152 opened a new position, 491 added to an existing one), while 879 reduced or exited (647 trimmed, 232 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 43% of total institutional value in ELV is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -80 funds (more exits than new entries). Total institutional holders: 1462.

Hedge Fund Ownership: ELV

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

Market Analysis: ELV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ELV

-- --

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

Is It Too Late to Buy Elevance Health Inc Formerly (ELV) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ELV has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
ELV
+36.4%
XLV
+4.2%

ELV outperformed XLV by +32.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
ELV
+2.1%
XLV
+5.3%

Since the filing became public, ELV outperformed XLV by -3.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

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

73 top-rated funds 14 high-conviction
Consensus
8.1
/ 10
breadth
×
Elite
4.9
/ 10
conviction
Hedge Fund Positioning: ELV
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1450 1542 -5.97%
13F Shares 196M 206M -4.57%
Total Value $54.20B $69.24B -21.71%
New Positions 148 221 -73
Increased Positions 474 501 -27
Closed Positions 240 168 +72
Reduced Positions 633 599 +34
Total Calls 25 33 -24.24%
Total Puts 24 26 -7.69%
PUT/CALL Ratio 0.96 0.79 Neutral

Statistics: ELV

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

1K + investors

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

QUARTER:
Top 25 ELV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 High Ground Investment Management LLP 18.70% 344,144 $100.7M
2 Grafton Street Partners Management Company, LLC 8.39% 47,953 $14.0M
3 Brave Warrior Advisors, LLC 8.13% 1,122,308 $328.6M
4 Hyperion Capital Advisors LP 7.15% 50,757 $14.9M
5 DKRT Investments Corp. 7.05% 95,000 $27.8M
6 Brooklands Fund Management Ltd 6.97% 21,107 $6.2M
7 Ruane, Cunniff & Goldfarb L.P. 6.74% 1,387,968 $406.3M
8 Cna Financial Corp 6.22% 50,000 $14.6M
9 Portland Investment Counsel INC. 5.46% 58,100 $17.0M
10 Ranmore Fund Management Ltd 5.28% 136,600 $40.0M
11 Focused Investors LLC 4.85% 509,800 $149.2M
12 Immersion Capital LLP 4.82% 14,400 $4.2M
13 Unison Asset Management LLC 3.80% 28,380 $8.3M
14 Redwood Capital Management, LLC 3.68% 84,800 $24.8M
15 Palmer Knight Co 3.24% 22,675 $6.6M
16 Firetrail Investments Pty Ltd 3.23% 32,330 $9.5M
17 Lawson Kroeker Investment Management Inc/Ne 3.17% 37,179 $10.9M
18 Veritas Asset Management LLP 3.15% 635,371 $186.0M
19 Caden Capital Partners, LP 3.12% 864 $253K
20 Summit Street Capital Management, LLC 3.06% 73,983 $21.7M
21 Sector Gamma As 3.04% 43,962 $12.9M
22 Marathon Asset Management Ltd 3.01% 268,388 $78.6M
23 Stanley Capital Management, LLC 2.86% 58,519 $17.1M
24 Evergreen Wealth Management, LLC 2.83% 18,729 $5.5M
25 English Capital Management LLC 2.66% 15,518 $4.5M
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 — Elevance Health Inc Formerly (ELV)

What does the Smart Money Trend signal show for ELV?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their ELV 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 ELV?

More sellers than buyers — 42% buying: Last quarter: 879 funds reduced or exited vs 643 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 ELV holders?

Elite ownership — 43% AUM from top-100 funds: 68 of 1458 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in ELV. 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 ELV?

70% of holders stayed for 2+ years: 1,025 out of 1,462 hedge funds have held ELV 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.

Is it too late to buy Elevance Health Inc Formerly (ELV) following the 2026 Q1 hedge fund 13F filings?

As of today, ELV has moved +2.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.3% for the XLV sector ETF — an outperformance of -3.2%. Since the quarter end (March 31, 2026), ELV has gained +36.4% vs +4.2% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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