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 3042 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 — 85% of 3.0Y peak

85% of all-time peak
3,042 funds currently hold this stock — 85% of the 3.0-year high of 3,558 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
488 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

1421 buying1889 selling
Last quarter: 1,889 funds reduced or exited vs 1,421 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 (-188 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 299 → 358 → 412 → 224. 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
2,177 out of 3,042 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 -4%, value -22%

Value
-22%
Shares
-3%
Last quarter: funds added -4% 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.
➡️

Steady discovery — ~224 new funds/quarter

253 → 299 → 358 → 412 → 224 new funds/Q
New funds entering each quarter: 299 → 358 → 412 → 224. 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 3,181 holders: 2,328 (73%) are 2+ year veterans, 345 entered 1–2 years ago, and 508 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
71 of 3027 holders are among the 100 largest funds by AUM, controlling 52% 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.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — 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, 1421 hedge funds were net buyers of UNH (224 opened a new position, 1197 added to an existing one), while 1889 reduced or exited (1442 trimmed, 447 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. 52% 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: 3042.

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.

Is It Too Late to Buy Unitedhealth Group Inc (UNH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much UNH 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 · 79d ago
UNH
+50.7%
XLV
+1.6%

UNH outperformed XLV by +49.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
UNH
+4.1%
XLV
+2.7%

Since the filing became public, UNH outperformed XLV by +1.4% .

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.

130 top-rated funds 52 high-conviction
Consensus
9.2
/ 10
breadth
×
Elite
5.8
/ 10
conviction
Hedge Fund Positioning: UNH
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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Enterprise Value --
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Forward P/E --
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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

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:
Top 25 UNH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 53 House LLP 39.93% 86,361 $45.2M
2 Naya Capital Management UK Ltd 23.15% 1,010,553 $273.4M
3 Oberndorf William E 18.03% 35,553 $9.6M
4 Elwood Capital Partners LP 13.72% 100,000 $27.1M
5 Solel Partners LP 11.95% 206,527 $55.9M
6 Marshfield Associates 10.25% 1,890,689 $511.6M
7 Bayban 9.43% 40,082 $10.8M
8 Seilern Investment Management Ltd 9.07% 281,119 $76.1M
9 Veritas Asset Management LLP 8.63% 1,882,071 $509.3M
10 Michelson Medical Research Foundation, Inc. 8.24% 30,000 $8.1M
11 Warther Private Wealth, LLC 7.48% 117,832 $31.9M
12 GUARDCAP ASSET MANAGEMENT Ltd 7.26% 465,161 $126.8M
13 Crabel Capital Management, LLC 7.13% 2,849 $771K
14 BLKBRD Asset Management, LP 7.08% 10,012 $2.7M
15 Garrison Bradford & Associates Inc 6.80% 22,202 $6.0M
16 Spear Holdings RSC Ltd 6.75% 250,000 $67.6M
17 Boone Capital Management LLC 6.57% 79,226 $21.4M
18 Vulcan Value Partners, LLC 6.55% 912,674 $247.0M
19 Route One Investment Company, L.P. 6.14% 532,875 $144.2M
20 Gobi Capital LLC 5.81% 386,368 $104.5M
21 Vantage Investment Partners, LLC 5.62% 301,247 $81.5M
22 MFF Capital Investments Ltd 5.56% 312,384 $84.5M
23 Brooklands Fund Management Ltd 5.56% 18,218 $4.9M
24 Wiregrass Investment Management LLC 5.51% 24,563 $6.6M
25 Bretton Capital Management, LLC 5.37% 21,700 $5.9M
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: 1,889 funds reduced or exited vs 1,421 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 — 52% AUM from top-100 funds: 71 of 3027 holders are among the 100 largest funds by AUM, controlling 52% 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: 2,177 out of 3,042 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.

Is it too late to buy Unitedhealth Group Inc (UNH) following the 2026 Q1 hedge fund 13F filings?

As of today, UNH has moved +4.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.7% for the XLV sector ETF — an outperformance of +1.4%. Since the quarter end (March 31, 2026), UNH has gained +50.7% vs +1.6% 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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