What smart money is saying about Humana
2 funds in our archive have pitched Humana — most recently Eagle Capital Management in March 2026.
Humana Inc., a prominent health and well-being enterprise, operates across the United States through its various subsidiary companies. Its operational structure is divided into three main segments: Retail, Group and Specialty, and Healthcare Services. The firm provides a wide array of medical and supplementary insurance plans directly to individual consumers. Furthermore, Humana collaborates with government entities; it holds a contract with the Centers for Medicare and Medicaid Services (CMS) to manage the Limited Income Newly Eligible Transition (LI NET) prescription drug program. The company also secures agreements with numerous states to deliver Medicaid, dual-eligible, and long-term care support benefits. For employer groups and individuals, Humana furnishes fully insured commercial medical and specialized health coverage, which encompasses dental, vision, and other ancillary health benefits. They additionally offer administrative services only (ASO) solutions and extend support to military personnel through contracts like the TRICARE T2017 East Region. Beyond insurance products, the company delivers comprehensive healthcare services directly. These include pharmacy management, provider network services, and a suite of home-based solutions such as home health care, serving both its own health plan enrollees and external clients. By the close of 2021 (December 31), Humana's reach extended to approximately 17 million individuals enrolled in its medical benefit plans and an additional 5 million utilizing its specialized product offerings. Established in 1961, Humana Inc. maintains its corporate headquarters in Louisville, Kentucky.
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Position history
Between Q2 2025 and Q2 2026, 9 fund letters reported a position in Humana — 3 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 8 | 3 | 1 | 0 |
| Q1 2026 | 1 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Fund activity · 9 positions · 4 moves
- June 2026
“LARGEST INDIVIDUAL CONTRIBUTORS – 2Q26 Humana Inc. (HUM) is one of the largest pure Medicare Advantage (MA) health insurers in the United States.”
Humana - June 2026
“Humana Inc. (HUM) is one of the largest pure Medicare Advantage (MA) health insurers in the United States.”
Humana - June 2026
“Humana Inc. (HUM) is one of the largest pure Medicare Advantage (MA) health insurer in the United States. Performance over the quarter was strong following news that the US agreed to increase 2027 payments for private MA plans above its initial proposal earlier in the year.”
Humana - June 2026
“• Health care services and insurance company Humana is the second-largest Medicare Advantage insurer in the US.”
Humana - New positionBCV Asset Management Antares Total Return StrategiesJune 2026
“Finally, we initiated a position in Humana.”
Humana - June 2026
“As mentioned above, the Fund eliminated its position in Molina as prices appreciated. The Fund also eliminated positions in Hyundai Department Store Co. Ltd., Amundi SA, First Resources Ltd, Barrick Mining Corp, Humana Inc as prices appreciated, and in Euroapi SA as fundamentals deteriorated.”
Humana - June 2026
“Humana is a new holding in 2Q26 and the second-largest Medicare Advantage insurer in the US.”
Humana - New positionDiamond Hill Mid Cap FundJune 2026
“• Health care services and insurance company Humana is a new holding in 2Q26 and the second-largest Medicare Advantage insurer in the US.”
Humana - March 2026
“UnitedHealth Group and Humana, two of the leading providers of managed care, have significant scale advantages in a consolidated industry that outgrows the overall economy.”
Humana
Also mentioned · 1
These funds discuss Humana — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Market Overview The technology-driven rally in the second quarter was truly unprecedented and marked a sharp reversal from the geopolitical malaise that plagued the first quarter. Although the S&P 500 Index’s 15.2% return was “only” the 12th best quarter for the index since 1950, it was the first time since the creation of the Global Industry Classification Standards (GICS) in 1999 that only one sector outperformed the benchmark: information technology. The second quarter’s internal dynamics bore several similarities to the historic run of 1999’s fourth quarter. First, it was the only quarter besides 4Q99 that nine of 11 GICS sectors underperformed the index by more than five percentage points. Second, 13 S&P 500 stocks appreciated by more than 100% during the quarter, the most on record. All but one of these companies (Humana) were technology stocks. This exceeded the prior record of 11 such stocks in 4Q99.”
Humana
Fund coverage · 2 theses
- Eagle Capital ManagementMarch 2026
Humana is a leading managed care provider with scale advantages and a potential multi-year margin recovery.
Read the full thesis - Protean FundsJune 2025
Humana is a low-risk investment due to its diversified revenue base and expected improvement in cash flow generation, despite previous operational issues in Finland.
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