Based on 38 hedge funds · latest filing: 2026 Q1 · updated quarterly
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Buying streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds added UHG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
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High ownership — 73% of 3.0Y peak
73% of all-time peak
38 funds currently hold this stock — 73% of the 3.0-year high of 52 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Outflows — 27% fewer funds vs a year ago
fund count last 6Q
14 fewer hedge funds hold UHG compared to a year ago (-27% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More buyers than sellers — 65% buying
24 buying13 selling
Last quarter: 24 funds were net buyers (19 opened a brand new position + 5 added to an existing one). Only 13 were sellers (6 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
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More new buyers each quarter (+16 vs last Q)
new funds entering per quarter
Funds opening a new UHG position: 14 → 9 → 3 → 19. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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Buying through price weakness — shares +22%, value -11%
Last quarter: funds added +22% more shares while total portfolio value only changed -11%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Steady discovery — ~19 new funds/quarter
8 → 14 → 9 → 3 → 19 new funds/Q
New funds entering each quarter: 14 → 9 → 3 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 1.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.