Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Humana Inc (HUM)

781 + Investors. Track Smart Money conviction in HUM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -70
Streak
2Q ▼
Buyers last Q
42%

Smart Money Signals — HUM

Based on 787 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their HUM 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 — 73% of 3.0Y peak

73% of all-time peak
787 funds currently hold this stock — 73% of the 3.0-year high of 1,075 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q
101 fewer hedge funds hold HUM compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 42% buying

367 buying517 selling
Last quarter: 517 funds reduced or exited vs 367 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 (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 121 → 142 → 122 → 110. 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.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 16% medium ■ 15% new
543 out of 787 hedge funds have held HUM 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 -7%, value -38%

Value
-37%
Shares
-7%
Last quarter: funds added -7% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~110 new funds/quarter

143 → 121 → 142 → 122 → 110 new funds/Q
New funds entering each quarter: 121 → 142 → 122 → 110. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 73% veterans vs 17% newcomers

■ 73% veterans ■ 9% 1-2yr ■ 17% new
Entry-cohort mix of 836 holders: 611 (73%) are 2+ year veterans, 79 entered 1–2 years ago, and 146 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
65 of 780 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in HUM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — 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 — HUM

In 2026 Q1, 367 hedge funds were net buyers of HUM (110 opened a new position, 257 added to an existing one), while 517 reduced or exited (337 trimmed, 180 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 48% of total institutional value in HUM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -70 funds (more exits than new entries). Total institutional holders: 787.

Hedge Fund Ownership: HUM

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

Market Analysis: HUM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HUM

-- --

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

Is It Too Late to Buy Humana Inc (HUM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HUM 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 · 75d ago
HUM
+118.7%
XLV
+4.9%

HUM outperformed XLV by +113.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
HUM
+24.3%
XLV
+6.0%

Since the filing became public, HUM outperformed XLV by +18.3% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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.

61 top-rated funds 7 high-conviction
Consensus
7.8
/ 10
breadth
×
Elite
4.1
/ 10
conviction
Hedge Fund Positioning: HUM
781 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 781 857 -8.87%
13F Shares 120M 129M -7.28%
Total Value $20.45B $32.91B -37.88%
New Positions 108 122 -14
Increased Positions 247 254 -7
Closed Positions 184 148 +36
Reduced Positions 319 361 -42
Total Calls 25 30 -16.67%
Total Puts 29 31 -6.45%
PUT/CALL Ratio 1.16 1.03 Neutral

Statistics: HUM

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

781 + investors

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

QUARTER:
Top 25 HUM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Naya Capital Management UK Ltd 24.44% 1,665,122 $288.7M
2 High Ground Investment Management LLP 16.45% 510,879 $88.6M
3 Sessa Capital IM, L.P. 11.73% 3,727,740 $646.4M
4 53 House LLP 8.63% 36,921 $9.8M
5 Redwood Grove Capital, LLC 6.43% 114,870 $19.9M
6 Solel Partners LP 6.29% 169,550 $29.4M
7 Pzena Investment Management LLC 3.08% 5,470,982 $948.6M
8 Caden Capital Partners, LP 2.97% 1,391 $241K
9 BCV Asset Management Inc. 2.37% 397,685 $68.9M
10 Columbus Hill Capital Management, L.P. 2.30% 89,376 $15.5M
11 Maple Rock Capital Partners Inc. 1.95% 344,800 $59.8M
12 Sustainable Insight Capital Management, LLC 1.79% 30,797 $5.3M
13 Eagle Capital Management LLC 1.73% 2,967,074 $514.5M
14 Summit Street Capital Management, LLC 1.64% 66,889 $11.6M
15 Marex Group plc 1.50% 149,118 $55.7M
16 Glenview Capital Management, LLC 1.46% 334,892 $58.1M
17 Kopernik Global Investors, LLC 1.37% 113,385 $19.7M
18 Avidity Partners Management LP 1.34% 25,000 $5.9M
19 ARGA Investment Management, LP 1.31% 230,077 $39.9M
20 Long Focus Capital Management, LLC 1.30% 285,000 $49.4M
21 Slate Path Capital LP 1.18% 459,700 $79.7M
22 Dodge & Cox 1.08% 11,380,673 $1.97B
23 Chiron Capital Management, LLC 1.03% 5,802 $1.0M
24 Hotchkis & Wiley Capital Management LLC 0.86% 1,609,024 $279.0M
25 Sector Gamma As 0.79% 19,202 $3.3M
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 — Humana Inc (HUM)

What does the Smart Money Trend signal show for HUM?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their HUM 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 HUM?

More sellers than buyers — 42% buying: Last quarter: 517 funds reduced or exited vs 367 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 HUM holders?

Elite ownership — 48% AUM from top-100 funds: 65 of 780 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in HUM. 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 HUM?

69% of holders stayed for 2+ years: 543 out of 787 hedge funds have held HUM 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 Humana Inc (HUM) following the 2026 Q1 hedge fund 13F filings?

As of today, HUM has moved +24.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of +18.3%. Since the quarter end (March 31, 2026), HUM has gained +118.7% vs +4.9% for XLV. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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