Vulcan Value Partners, LLC: UNITEDHEALTH GROUP (UNH): Quarterly 13F Position History
As of Q1 2026, Vulcan Value Partners, LLC reported 912,674 shares of UNITEDHEALTH GROUP (UNH), worth $247.0M and representing 6.5% of its 13F equity book. Quarter-over-quarter share count change: 170,593 (-15.7%) . The position first appeared in Q3 2016 and has been disclosed across 39 13F-HR filings in Pactolio's tracked window.
- 912,674Shares Held (Latest Filing)
- $247.0MReported Market Value (Latest Filing)
- 6.5%Portfolio Weight (% of 13F Equity Book)
- 170,593Quarter-over-Quarter Share Change
- -$110.7MQuarter-over-Quarter Value Change
- 1,222,825Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 39 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 912,674 | 170,593 | -15.7% | $247.0M | 6.5% | $270.6 |
| Q4 2025 | 1,083,267 | 115,071 | -9.6% | $357.7M | 6.6% | $330.2 |
| Q3 2025 | 1,198,338 | 24,487 | -2.0% | $413.9M | 7.5% | $345.4 |
| Q2 2025 | 1,222,825 | +1,069,239 | +696.2% | $395.1M | 7.0% | $323.1 |
| Q1 2025 | 153,586 | +40,097 | +35.3% | $80.4M | 1.5% | $523.7 |
| Q4 2024 | 113,489 | +113,489 | — | $57.4M | 1.0% | $505.8 |
| Q3 2024 | 0 | 167,470 | -100.0% | $0 | 0.0% | — |
| Q2 2024 | 167,470 | 11,771 | -6.6% | $85.1M | 1.3% | $508.3 |
| Q1 2024 | 179,241 | +73,997 | +70.3% | $88.6M | 1.3% | $494.4 |
| Q4 2023 | 105,244 | 18,437 | -14.9% | $55.5M | 0.8% | $527.4 |
| Q3 2023 | 123,681 | +123,681 | — | $62.4M | 1.0% | $504.8 |
| Q2 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2020 | 0 | 651 | -100.0% | $0 | 0.0% | — |
| Q4 2019 | 651 | +651 | — | $191.0K | 0.0% | $293.4 |
| Q3 2019 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2019 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2019 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2017 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2017 | 0 | 579,873 | -100.0% | $0 | 0.0% | — |
| Q2 2017 | 579,873 | 11,498 | -1.9% | $107.5M | 1.0% | $185.4 |
| Q1 2017 | 591,371 | 6,123 | -1.0% | $97.0M | 0.8% | $164.0 |
| Q4 2016 | 597,494 | 331,937 | -35.7% | $95.6M | 0.9% | $160.0 |
| Q3 2016 | 929,431 | — | — | $130.1M | 1.2% | $140.0 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Vulcan Value Partners, LLC first disclose a UNH position in 13F-HR filings?
Vulcan Value Partners, LLC first reported UNITEDHEALTH GROUP (UNH) on its 13F-HR filing for the period ending 2016-09-30 (Q3 2016). The position has appeared on 39 reported quarters within Pactolio's tracked window.
What was Vulcan Value Partners, LLC's most recent quarter-over-quarter share-count change in UNH?
Between Q4 2025 and Q1 2026, Vulcan Value Partners, LLC reduced its UNH position by 170,593 shares (-15.7%), leaving 912,674 shares at a market value of $247.0M.
Does the implied price-per-share represent Vulcan Value Partners, LLC's cost basis in UNH?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.