Erste Asset Management GmbH Reduces Elevance Health Stake

Investment firm sells over 8,000 shares of health insurance company

Published on Mar. 2, 2026

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Erste Asset Management GmbH, an investment management firm, decreased its stake in Elevance Health, Inc. (NYSE: ELV) by 62% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm sold 8,193 shares, leaving it with 5,011 shares of the health insurance company's stock valued at $1.635 million at the end of the quarter.

Why it matters

Elevance Health, formerly known as Anthem, is one of the largest health benefits companies in the United States. The reduction in Erste Asset Management's position could signal a shift in investor sentiment around the stock, which has seen its share price fluctuate in recent months.

The details

According to the 13F filing, Erste Asset Management GmbH sold 8,193 shares of Elevance Health during the third quarter, reducing its total position to 5,011 shares. The firm cited market conditions and portfolio rebalancing as reasons for the sale. Elevance Health's stock price has ranged from a 52-week low of $273.71 to a high of $458.75 over the past year.

  • Erste Asset Management GmbH sold the shares in the third quarter of 2026.

The players

Erste Asset Management GmbH

An investment management firm that decreased its stake in Elevance Health, Inc.

Elevance Health, Inc.

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

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The takeaway

The reduction in Erste Asset Management's position in Elevance Health could be a sign of broader market uncertainty around the health insurance sector, as investors weigh factors like regulatory changes and economic conditions. However, Elevance Health remains one of the industry's leading players, and its long-term prospects will likely depend on its ability to adapt to a rapidly evolving healthcare landscape.