EL

ELV ELEVANCE HEALTH INC

2026Q2 · CUSIP 036752103 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,614
Institutions that reported holding it to the SEC
Net increase in holders
+143
Last quarter 1,471 → now 1,614
How unusual is that
Top 5%
Stronger buying than 99% of US stocks
What the filings say, in one paragraph

1,614 funds held ELV at the end of 2026Q2, up 143 from the quarter before. That is stronger buying than 98.5% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $201.8B(YoY +3.6%), the P/E is 18.3x, return on equity is 11.5%. ELV has had 26 buying rushes in its history, and the price moved +4.6% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2014Q3: holders=1 2014Q4: holders=680 2015Q1: holders=717 2015Q2: holders=753 2015Q3: holders=733 2015Q4: holders=739 2016Q1: holders=739 2016Q2: holders=734 2016Q3: holders=713 2016Q4: holders=780 2017Q1: holders=789 2017Q2: holders=844 2017Q3: holders=834 2017Q4: holders=903 2018Q1: holders=918 2018Q2: holders=925 2018Q3: holders=940 2018Q4: holders=989 2019Q1: holders=1070 2019Q2: holders=1025 2019Q3: holders=1016 2019Q4: holders=1103 2020Q1: holders=1050 2020Q2: holders=1102 2020Q3: holders=1092 2020Q4: holders=1169 2021Q1: holders=1211 2021Q2: holders=1229 2021Q3: holders=1215 2021Q4: holders=1374 2022Q1: holders=1421 2022Q2: holders=1439 2022Q3: holders=1441 2022Q4: holders=1546 2023Q1: holders=1514 2023Q2: holders=1525 2023Q3: holders=1526 2023Q4: holders=1656 2024Q1: holders=1666 2024Q2: holders=1707 2024Q3: holders=1702 2024Q4: holders=1606 2025Q1: holders=1662 2025Q2: holders=1596 2025Q3: holders=1512 2025Q4: holders=1561 2026Q1: holders=1471 2026Q2: holders=1614 -679 -339.5 +0 +339.5 +679 08971793 14Q316Q117Q319Q120Q322Q123Q325Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 26 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5% — —
2025Q4 Top 20% +14.5% +15.0%
2025Q1 Top 5% -22.4% -17.2%
2024Q2 Top 5% -24.9% -27.4%
2023Q4 Top 5% +7.2% +6.7%
2023Q2 Top 20% -0.4% +10.1%
2022Q4 Top 5% -6.3% -4.4%
2022Q2 Top 10% -2.2% -0.3%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
374
Change in large funds
+35
Total value they hold
$78.6B
Funds buying for the first time
268
Funds that sold out entirely
125
Price change that quarter
-0.6%
Funds holding puts (bearish)
29
Funds holding calls (bullish)
31

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
18.3
EPS (TTM)
$23.54
EPS YoY
-4.0%
Revenue (TTM)
$201.8B
Revenue YoY
+3.6%
Net margin
2.5%
ROE
11.5%
Debt ratio
65.0%
FCF (TTM)
$6.5B
Dividend (TTM)
$6.87
Quarterly Revenue & EPS
2021-12-31: EPS 4.86 2022-03-31: EPS 7.32 2022-06-30: EPS 6.73 2022-09-30: EPS 6.62 2022-12-31: EPS 3.61 2023-03-31: EPS 8.30 2023-06-30: EPS 7.79 2023-09-30: EPS 5.45 2023-12-31: EPS 3.68 2024-03-31: EPS 9.59 2024-06-30: EPS 9.85 2024-09-30: EPS 4.36 2024-12-31: EPS 1.88 2025-03-31: EPS 9.61 2025-06-30: EPS 7.72 2025-09-30: EPS 5.32 2025-12-31: EPS 2.56 2026-03-31: EPS 8.00 2026-06-30: EPS 6.71 2026-09-30: EPS 6.27 0B 25.7B 51.4B $B 0.00 5.42 10.84 2016201720182019202020212022202320242025202609/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 17 12 16 21 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-3.3B1.4B6.2B 20162017201820192020202120222023202420252026
Latest quarter $4.1B (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-09-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.