Aptus Capital Advisors Trims Elevance Health Stake

Hedge fund reduces position in major health insurance provider

Published on Mar. 7, 2026

Got story updates? Submit your updates here. ›

Aptus Capital Advisors LLC has reduced its stake in Elevance Health, Inc. (NYSE:ELV) by 44.1% in the third quarter, according to a recent SEC filing. The firm now owns 31,820 shares of the company's stock, down from 56,888 shares previously.

Why it matters

Elevance Health is one of the largest health insurance providers in the United States, so changes in institutional ownership can signal broader market trends and investor sentiment around the company and the healthcare sector.

The details

Aptus Capital Advisors sold 25,068 shares of Elevance Health during the third quarter, leaving the firm with a remaining position of 31,820 shares valued at $10.28 million. The move comes as Elevance Health's stock price has fluctuated in recent months, trading between a 52-week low of $273.71 and a high of $458.75.

  • Aptus Capital Advisors reduced its Elevance Health stake in the 3rd quarter of 2026.

The players

Aptus Capital Advisors LLC

An investment management firm that has reduced its position in Elevance Health.

Elevance Health, Inc.

A major U.S. health insurance provider formerly known as Anthem, Inc.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Aptus Capital's Elevance Health stake reflects broader volatility in the healthcare sector, as investors weigh factors like regulatory changes, cost pressures, and shifting consumer preferences. However, Elevance Health remains a major player in the insurance market, so its performance will continue to be closely watched by analysts and investors.