Victory Capital Management Boosts Elevance Health Stake

Institutional investor increases position in health insurance company by over 31%

Published on Mar. 4, 2026

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Victory Capital Management Inc., a major institutional investor, has increased its stake in Elevance Health, Inc. (NYSE: ELV) by 31.1% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 461,693 shares of the health insurance company, worth approximately $149 million.

Why it matters

Elevance Health is one of the largest health benefits companies in the United States, providing a wide range of insurance products and services. Victory Capital Management's increased investment in the company signals confidence in Elevance Health's growth prospects and market position within the healthcare industry.

The details

According to the 13F filing, Victory Capital Management acquired an additional 109,462 shares of Elevance Health during the third quarter, bringing its total position to 461,693 shares. This represents approximately 0.21% of the company's outstanding stock. The institutional investor cited Elevance Health's strong financial performance and market leadership as reasons for the increased investment.

  • Victory Capital Management filed the 13F report disclosing the increased Elevance Health stake in the third quarter of 2026.

The players

Victory Capital Management Inc.

A major institutional investment firm that manages over $150 billion in assets for clients.

Elevance Health, Inc.

A leading U.S. health benefits company that provides a broad range of insurance products and services, including medical and specialty health plans for individuals, employers, and government programs.

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The takeaway

Victory Capital Management's increased stake in Elevance Health reflects the institutional investor's confidence in the health insurance company's long-term growth potential. This move highlights the ongoing consolidation and strategic positioning within the healthcare industry as major players seek to strengthen their market share and diversify their product offerings.