See Which Of The Latest 13F Filers Holds UnitedHealth Group

At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2023 reporting period, and noticed that UnitedHealth Group Inc (Symbol: UNH) was held by 9 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in UNH positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
Heritage Investors Management Corp Existing -1,349+$743
Sanctuary Wealth Management L.L.C. Existing UNCH$UNCH
Locust Wood Capital Advisers LLC Existing -102,783-$49,030
Hills Bank & Trust Co Existing UNCH+$6
US Asset Management LLC NEW +3,867+$2,036
Van Leeuwen & Company LLC Existing +938+$621
Prossimo Advisors LLC Existing +55+$102
Endowment Wealth Management Inc. Existing -11+$9
Accredited Investors Inc. Existing -112+$107
Aggregate Change: -99,395-$45,406

In terms of shares owned, we count 2 of the above funds having increased existing UNH positions from 09/30/2023 to 12/31/2023, with 4 having decreased their positions and 1 new position.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the UNH share count in the aggregate among all of the funds which held UNH at the 12/31/2023 reporting period (out of the 3,123 we looked at in total). We then compared that number to the sum total of UNH shares those same funds held back at the 09/30/2023 period, to see how the aggregate share count held by hedge funds has moved for UNH. We found that between these two periods, funds increased their holdings by 2,172,593 shares in the aggregate, from 78,687,484 up to 80,860,077 for a share count increase of approximately 2.76%. The overall top three funds holding UNH on 12/31/2023 were:

»FundShares of UNH Held
1.Bank of New York Mellon Corp 8,296,996
2.Charles Schwab Investment Management Inc. 5,984,853
3.Jennison Associates LLC 3,617,813
4-10Find out the full Top 10 Hedge Funds Holding UNH»

We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like UnitedHealth Group Inc (Symbol: UNH).

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Also see:

• HUN Split History
• RYJ Historical Stock Prices
• WMPN Average Annual Return

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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