§ HEALTH CARE
USD · Health Care

UNH

UNITEDHEALTH GROUP INC
· USDSector · Health CareMarket cap · $251662.25TBeta · 0.39
LAST · MARKET CLOSE
417.99
−7.37 ▼ 1.73%PREV CLOSE · $425.36
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
OPEN 423.49HIGH 424.44LOW 415.05VOL 0AVG VOL 52W 234.60 — 606.36
EVENTSTODAY · AC · AVOID
§ 02 · AC TAKE
Where we stand
AVOIDLAST UPDATED TODAY

UNH's ownership profile tells an interesting story about who's holding this stock and why.

The institutional pressure score sitting at neutral (0.00) and the market regime also reading neutral (0.01) suggest no strong directional signal from the smart money flow data right now. Neither aggressive accumulation nor distribution appears to be dominating. A P/E of 20.9 is relatively modest for a company of this scale, though the market cap figure in the data appears corrupted and should be disregarded for any valuation work. It's worth flagging that 13F filings — the source of most institutional ownership data — are filed 45 to 90 days after the fact, meaning what you're seeing reflects positioning from last quarter, not today. A lot can change in that window, particularly in a sector as policy-sensitive as health insurance. Short interest data, when referenced, is typically biweekly and carries its own lag. None of this data is a crystal ball — it's a rearview mirror, and the road behind doesn't always look like the road ahead.

CONVICTION
67/100
TIME HORIZON
6M
Read the full note →

§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY

13F FLOW
2696 increased/new, 1916 decreased/exited (13F)
AC 13F Analysis
INSIDER
No recent filings
SHORT INT
FINRA · bi-monthly
OPTIONS SKEW
CBOE · 30d
ANALYST
24 buy, 8 hold, 2 sell
Finnhub
CROWDING
Ownership percentile

§ 04 · FUNDAMENTALS · THE BOOKS

P/E20.9P/S
EV/EBITDAP/B2.99
Revenue (TTM)Rev YoY
Gross marginOp margin
Net incomeFCF
CashDebt
Dividend3.41%Buybacks 1Y
AC INTELLIGENCE

UNH's ownership profile tells an interesting story about who's holding this stock and why. The largest slice — 34.8% sitting in "unclassified" — is a bit of a black box, but the next most meaningful chunk is passive index money at 23.2%, which makes sense given UNH's long-standing position in major indices. What's notable is the quality compounder cohort at 15.8%, suggesting a meaningful portion of institutional holders view this as a durable, long-term business rather than a trade. Deep value at 2.5% and income/defensive at 1.9% round out a shareholder base that skews toward patient capital over speculation. The near-zero growth momentum ownership is worth flagging — that crowd has largely stepped away, which could reflect recent price action or shifting sentiment around the managed care sector broadly.

§ 05 · WHO OWNS IT
Top institutional holders
All holders →
FundShares% portΔ Q/Q
Vanguard Group82.4M0.4%
State Street45.2M0.5%
BlackRock, Inc.27.3M0.2%
Capital World Investors22.6M1.0%+4%
Geode Capital Management19.0M0.4%−1%
BlackRock, Inc.18.7M0.1%+948%
AC INTELLIGENCE

Top institutional owners for UNH as of the most recent 13F window (Dec 2025). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.

§ 06 · WHO OWNS IT · BY STRATEGY

OTHER4.4% · 0 holders
OTHER34.8% · 3,071 holders
PASSIVE / INDEX23.2% · 11 holders
QUALITY / COMPOUNDER15.8% · 50 holders
DEALER / BANK10.6% · 38 holders
SYSTEMATIC / QUANT3.3% · 13 holders
TACTICAL / MACRO3.1% · 9 holders
DEEP VALUE2.5% · 9 holders
INCOME / DEFENSIVE1.9% · 28 holders
ACTIVIST0.4% · 1 holder
GROWTH / MOMENTUM0.0% · 2 holders
AC INTELLIGENCE

Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.

§ 07 · INSIDER ACTIVITY · LAST 180 DAYS

NO INSIDER FILINGS
AC INTELLIGENCE

No Form 4 filings on record for UNH in the last 180 days.

§ 08 · COVERAGE · OUR RECENT NOTES