Industry deep-dive

Healthcare Plans

Every super-investor and insider move tracked across 11 tickers in this industry.

Tickers

Combined value

$72.62B

Insider net (30d)

−$6.8M

Congress trades (30d)

Sector consensus moves

Latest portfolios · 2025Q4

Most bought

Tracked managers added or opened

UNH$6.40B
Norges Bank (Norway SWF)Ken Griffin (Citadel Advisors)Andreas Halvorsen (Viking Global)+13
UNITEDHEALTH GROUP INC
CVS$2.81B
Norges Bank (Norway SWF)Wellington Management Steve Cohen (Point72)+3
CVS HEALTH CORP
ELV$2.79B
Norges Bank (Norway SWF)Wellington Management Bill Nygren (Harris / Oakmark)+7
ANTHEM INC
CI$1.90B
Norges Bank (Norway SWF)Dodge & Cox AQR Capital Management+6
CIGNA CORP NEW
CNC$1.17B
AQR Capital Management Norges Bank (Norway SWF)Larry Robbins (Glenview Capital)+4
CENTENE CORP DEL
HUM$766M
Norges Bank (Norway SWF)Wellington Management Paul Tudor Jones (Tudor Investment)+1
HUMANA INC
MOH$364M
Two Sigma Investments Norges Bank (Norway SWF)Ken Griffin (Citadel Advisors)+6
MOLINA HEALTHCARE INC
OSCR$200M
D.E. Shaw & Co.Two Sigma Investments Steve Cohen (Point72)+5
OSCAR HEALTH INC

Most sold

Tracked managers trimmed or exited

CVS$1.08B
Dodge & Cox Izzy Englander (Millennium Mgmt)AQR Capital Management+10
CVS HEALTH CORP
HUM$697M
Boykin Curry (Eagle Capital)Two Sigma Investments Renaissance Technologies+11
HUMANA INC
UNH$568M
Wellington Management AQR Capital Management Dodge & Cox+8
UNITEDHEALTH GROUP INC
MOH$547M
AQR Capital Management Bill Nygren (Harris / Oakmark)Renaissance Technologies+3
MOLINA HEALTHCARE INC
ELV$315M
D.E. Shaw & Co.Baillie Gifford & Co AQR Capital Management+6
ANTHEM INC
CNC$299M
D.E. Shaw & Co.Ken Griffin (Citadel Advisors)Two Sigma Investments+5
CENTENE CORP DEL
CI$286M
Two Sigma Investments Ray Dalio (Bridgewater Associates)Renaissance Technologies+5
CIGNA CORP NEW
ALHC$131M
Izzy Englander (Millennium Mgmt)Ken Griffin (Citadel Advisors)Steve Cohen (Point72)+4
ALIGNMENT HEALTHCARE INC

Biggest healthcare plans books

Top 12 super-investors · 2025Q4

#	Manager	Sector value	Positions	% of book	Top picks
1	Dodge & Cox	$13.95B	5	7.5%	CVS CI UNH
2	T. Rowe Price	$12.56B	11	1.4%	UNH ELV CI
3	Wellington Management	$10.51B	10	1.8%	UNH ELV CVS
4	Norges Bank Norway SWF	$9.04B	10	1.0%	UNH CVS ELV
5	Boykin Curry Eagle Capital	$3.24B	3	10.1%	UNH HUM ELV
6	AQR Capital Management	$2.58B	11	1.4%	CNC CI UNH
7	Bill Nygren Harris / Oakmark	$2.50B	5	3.2%	ELV MOH CNC
8	Jeremy Grantham GMO	$2.38B	7	6.1%	ELV UNH CI
9	Ken Griffin Citadel Advisors	$2.37B	11	1.6%	UNH ELV CVS
10	Ken Fisher Fisher Asset Mgmt	$1.76B	5	0.6%	UNH CVS ELV
11	Warren Buffett Berkshire Hathaway	$1.66B	1	0.6%	UNH
12	First Eagle Investment Management	$1.43B	3	2.5%	ELV UNH PGNY

Healthcare Plans valuation

Per-ticker scatter · medians from 1 covered tickers

P/E TTM

1 tickers

24.5×

median multiple

24.5×Healthcare Plans cohort25.5×

P/S TTM

1 tickers

0.7×

median multiple

0.7×Healthcare Plans cohort1.7×

P/B TTM

1 tickers

3.1×

median multiple

3.1×Healthcare Plans cohort4.1×

Gross margin

1 tickers

18.5%

median TTM

18.5%Healthcare Plans cohort118.5%

Operating margin

1 tickers

4.2%

median TTM

4.2%Healthcare Plans cohort104.2%

ROE

1 tickers

12.7%

median TTM

12.7%Healthcare Plans cohort112.7%

ROIC

1 tickers

8.2%

median TTM

8.2%Healthcare Plans cohort108.2%

Cohort detail · top 1 by data coverage

Ticker	P/E	P/S	P/B	GM	OpM	ROE	ROIC
UNH	24.5×	0.7×	3.1×	18.5%	4.2%	12.7%	8.2%

Constituent tickers

#	Ticker	Company	Value
1	UNH	UNITEDHEALTH GROUP INC	$28.91B
2	ELV	ANTHEM INC	$13.97B
3	CVS	CVS HEALTH CORP	$11.57B
4	CI	CIGNA CORP NEW	$7.36B
5	HUM	HUMANA INC	$4.83B
6	CNC	CENTENE CORP DEL	$3.37B
7	MOH	MOLINA HEALTHCARE INC	$1.41B
8	ALHC	ALIGNMENT HEALTHCARE INC	$647.5M
9	OSCR	OSCAR HEALTH INC	$324.9M
10	PGNY	PROGYNY INC	$206.0M
11	CLOV	CLOVER HEALTH INVESTMENTS CO	$15.2M