Signal dossier · Q1 2026

UNH

UnitedHealth · Healthcare

Informational only — not investment advice. HoldLens tracks institutional positioning from public 13F filings. We are not a registered investment advisor and do not provide recommendations to buy or sell securities. Our 2026 backtest over 221 ticker-quarter pairs found the ConvictionScore has no predictive signal for forward returns (Pearson r = −0.12). The rankings describe what tracked superinvestors were accumulating or selling at the latest 13F snapshot — useful as market intelligence, not as personal investment advice. 13F data is reported with a 45-day SEC filing lag.

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ConvictionScore · single −100..+100 scale

Net selling

−25

3Q ACCUM

on a signed −100 sell scale · Slight selling

7 tracked managers selling. MODERATE selling pattern.

Unified ConvictionScore · −100..+100

Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding

−25

Buy component

+24

Dissent penalty

−49

Unanimity bonus

Quality differential

-9

Info density

Buyers / Sellers

1 / 7

ConvictionScore v5 · 9-layer breakdown

13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.

−25

Smart money (13F)

Insider activity (Form 4)

Track record (CAGR)

-2

Trend streak

Concentration

+10

Contrarian bonus

Event signal (8-K)

− Dissent penalty

−49

− Crowding penalty

−0

Owners: 2·Buyers: 16·Sellers: 35·Buyer-CAGR-weighted expected return: +11.5% ±2%·How this is computed

Why this score?

See the 9 factors that produced −25 for UNH

HoldLens's ConvictionScore is the sum of 9 factors clamped to −100/+100. Each factor has a known min/max range; the math is deterministic and reproducible. Every input traces to a public SEC filing. Full methodology →

Factor	Contribution	Range	What it measures
Smart money	+8	0 to +30	Sum of buyer manager quality × consensus (number of managers buying weighted by track record).
Insider activity	0	-15 to +20	Form 4 CEO/CFO/director discretionary buys (+) or sells (−) in last 90 days.
Track record	-2	-10 to +20	Buyer's 10-year compound annual return × position concentration. Pros placing big bets count more.
Trend streak	+8	0 to +10	Multi-quarter compounding — managers adding for 3+ consecutive quarters.
Concentration	+10	0 to +10	Biggest position size among buyers — proves conviction.
Contrarian bonus	0	0 to +10	Under-the-radar — fewer total managers know about it = more upside if right.
8-K events	0	-15 to +5	Material events filed last 90 days — Chapter 11 (−), CEO change, M&A, etc.
Dissent	+49	-40 to +0	Sellers subtract from the buy signal — weighted ×1.6 relative to buys.
Crowding	0	-10 to +0	Too many managers holding = price already reflects consensus = less upside.
Sum (clamped −100/+100)	−25	−100 to +100	(raw sum 73 clamped to score -25)

How to read: emerald = positive contribution to the buy signal; rose = penalty (sellers, crowded ownership, bearish 8-K events). Hover any factor name in the methodology page for the exact formula. Every number is computed at build time from EDGAR filings — no proprietary opinion layer, no editorial scoring. For UNH specifically: 16 buyers vs 35 sellers among the 30 tracked managers.

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8-quarter activity

Distinct managers buying or selling UNH each quarter — last 2 years.

3 buy moves·0 sell moves·net buying

'24 Q1

'24 Q2

'24 Q3

'24 Q4

'25 Q1

'25 Q2

'25 Q3

'25 Q4

'26 Q1

Buyers (new + add)Sellers (trim + exit)

Ownership breadth · 8 quarters

Breadth falling

-5 owners over 8Q

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

Q1 '26

Fewer superinvestors hold this name than 8 quarters ago — rotation out. See the most-owned names across all tracked managers →

Multi-quarter conviction

Managers who have been moving the same direction on UNH for 2+ consecutive quarters. Streaks matter far more than single-quarter moves — they reveal thesis conviction, not reactive trading.

Consecutive-quarter BUYERS

Joel Greenblatt
Gotham Asset Management
3Q

Smart money activity

Every tracked 13F move on UNH — grouped by quarter, ranked by manager quality.

Smart money activity

16 buys · 35 sells across tracked 13F filings

Net signal: Heavy selling

Q4 2025(4 moves)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management Adding aggressively on UnitedHealth's pullback.	Add 30.00%	+60K	3.10%
Andreas HalvorsenElite Viking Global Investors	Buy (new)	+1.20M	1.00%
Polen CapitalElite Polen Capital Management	Reduce 19.00%	-286	0.00%
Tom SlaterElite Baillie Gifford (Long Term Global Growth)	Reduce 19.00%	-9K	0.00%

Q3 2025(8 moves)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management Adding on UnitedHealth pullback.	Add 20.00%	+40K	2.50%
Bill Nygren Oakmark Funds	Buy (new)	+1K	0.00%
David TepperTier 1 Appaloosa Management	Reduce 92.00%	-2.25M	1.00%
Stephen MandelTier 1 Lone Pine Capital	Sell (exit)	-1.69M	0.00%
Polen CapitalElite Polen Capital Management	Reduce 76.00%	-5K	0.00%
Tom SlaterElite Baillie Gifford (Long Term Global Growth)	Reduce 93.00%	-643K	0.00%
Glenn Greenberg Brave Warrior Advisors	Sell (exit)	-1K	0.00%
Michael Burry Scion Asset Management	Sell (exit)	-370K	0.00%

Q2 2025(9 moves)

Portfolio manager	Activity	Share change	% portfolio
Warren BuffettTier 1 Berkshire Hathaway	Buy (new)	+5.04M	0.60%
David TepperTier 1 Appaloosa Management	Add 1300%	+2.27M	11.90%
Stephen MandelTier 1 Lone Pine Capital	Buy (new)	+1.69M	3.80%
Joel GreenblattElite Gotham Asset Management Adding on healthcare weakness.	Add 12.00%	+22K	2.00%
Glenn Greenberg Brave Warrior Advisors	Add 200%	+1K	0.00%
Michael Burry Scion Asset Management	Buy (new)	+370K	20.00%
David RolfeTier 1 Wedgewood Partners	Sell (exit)	-10K	0.00%
Andreas HalvorsenElite Viking Global Investors	Sell (exit)	-2.14M	0.00%
Polen CapitalElite Polen Capital Management	Reduce 99.00%	-1.03M	0.00%

Q1 2025(7 moves)

Portfolio manager	Activity	Share change	% portfolio
Andreas HalvorsenElite Viking Global Investors	Add 12.00%	+237K	3.60%
Joel GreenblattElite Gotham Asset Management	Add 252%	+561K	0.40%
David RolfeTier 1 Wedgewood Partners	Reduce 81.00%	-45K	0.70%
François RochonTier 1 Giverny Capital	Sell (exit)	-2K	0.00%
Polen CapitalElite Polen Capital Management	Reduce 8.00%	-88K	1.70%
Tom SlaterElite Baillie Gifford (Long Term Global Growth)	Reduce 7.00%	-51K	0.30%
Bill Nygren Oakmark Funds	Sell (exit)	-436	0.00%

Q4 2024(8 moves)

Portfolio manager	Activity	Share change	% portfolio
François RochonTier 1 Giverny Capital	Buy (new)	+2K	0.00%
Andreas HalvorsenElite Viking Global Investors	Buy (new)	+1.90M	3.10%
Stephen MandelTier 1 Lone Pine Capital	Sell (exit)	-822K	0.00%
Chase ColemanElite Tiger Global Management	Reduce 81.00%	-1.93M	0.80%
Joel GreenblattElite Gotham Asset Management	Reduce 7.00%	-16K	0.10%
Polen CapitalElite Polen Capital Management	Reduce 44.00%	-871K	1.50%
Tom SlaterElite Baillie Gifford (Long Term Global Growth)	Reduce 12.00%	-108K	0.30%
Bill Nygren Oakmark Funds	Reduce 10.00%	-50	0.00%

Q3 2024(7 moves)

Portfolio manager	Activity	Share change	% portfolio
Bill Nygren Oakmark Funds	Add 16.00%	+66	0.00%
David TepperTier 1 Appaloosa Management	Reduce 6.00%	-11K	1.50%
Stephen MandelTier 1 Lone Pine Capital	Reduce 13.00%	-122K	3.60%
Andreas HalvorsenElite Viking Global Investors	Sell (exit)	-442K	0.00%
Joel GreenblattElite Gotham Asset Management	Reduce 13.00%	-37K	0.20%
Polen CapitalElite Polen Capital Management	Reduce 11.00%	-253K	3.00%
Glenn Greenberg Brave Warrior Advisors	Reduce 18.00%	-111	0.00%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Latest news

Recent headlines for UNH — context for the moves above.

Who’s betting biggest on UNH

Healthcare sector →

Each bar is one manager’s position size in UNH as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Andreas Halvorsen

4.1%

“Healthcare scale.”

Joel Greenblatt

2.5%

“Healthcare scale + Optum.”

AI thesis

An AI-synthesised investment thesis for UNH, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis

Claude Haiku synthesis of net selling positioning from 2 institutional filers

Generate a 2-paragraph investment thesis synthesising 2 institutional holdings and the -25 conviction score.

Related smart-money signals

Derived from the same 13F filings

Same sector · Healthcare

Top conviction in this sector

All Healthcare names →

Same owners hold these

Tickers owned by ≥2 of UNH's holders

Full overlap matrix →

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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.

Sister property: SecFilingDex — the encyclopedic reference for every SEC form variant (13F-HR / 13F-NT / 13F-HR/A) and the regulatory citation behind the data on this page.