Elevance Health Trims Stake in Q3

TD Asset Management Inc. reduces holdings in health insurance company

Feb. 27, 2026 at 10:48am

Got story updates? Submit your updates here. ›

TD Asset Management Inc. reduced its stake in Elevance Health, Inc. (NYSE: ELV) by 15.1% in the third quarter, according to a 13F filing with the Securities and Exchange Commission. The firm owned 174,578 shares of the company's stock after selling 30,934 shares during the quarter.

Why it matters

Elevance Health is one of the largest health insurance providers in the United States, and changes in institutional ownership can signal shifts in market sentiment around the company's performance and outlook.

The details

According to the 13F filing, TD Asset Management Inc. sold 30,934 shares of Elevance Health in the third quarter, reducing its total stake in the company to 174,578 shares. This represented about 0.08% of Elevance Health's outstanding shares at the time.

  • The 13F filing was submitted in the third quarter of the year.

The players

TD Asset Management Inc.

A Canadian investment management firm that manages assets on behalf of institutional and retail clients.

Elevance Health, Inc.

A large U.S. health benefits company that provides a broad range of health insurance products and related services.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Elevance Health's institutional ownership by TD Asset Management Inc. could signal broader market concerns about the company's performance or outlook, though more information would be needed to determine the specific reasons behind the portfolio change.