Cooperman Increases Elevance Health Stake by 21.4%

Hedge fund manager Leon Cooperman adds 60,000 shares to his position in the health insurance giant.

Mar. 15, 2026 at 11:25am

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Leon Cooperman, the founder of Omega Advisors, increased his stake in Elevance Health, Inc. (NYSE:ELV) by 21.4% in the third quarter, according to a recent SEC filing. Cooperman's fund now owns 340,900 shares of the company's stock, worth approximately $110 million. Elevance Health is the 8th largest holding in Cooperman's portfolio, making up about 3.4% of his total assets.

Why it matters

Cooperman is considered a prominent and influential investor, so his increased stake in Elevance Health is seen as a vote of confidence in the company's prospects. Elevance Health is one of the largest health insurance providers in the U.S., serving over 45 million members across its various plans. The company's performance is closely watched as an indicator of trends in the broader healthcare industry.

The details

According to the SEC filing, Cooperman's Omega Advisors acquired an additional 60,000 shares of Elevance Health in the third quarter, bringing its total position to 340,900 shares. This represents a 21.4% increase in Cooperman's stake in the company. Elevance Health's stock price has fluctuated in recent months, with the share price declining from a 52-week high of $458.75 to the current level around $291.

  • Cooperman increased his Elevance Health stake in the 3rd quarter of 2026.

The players

Cooperman Leon G

The founder of Omega Advisors, a prominent hedge fund.

Elevance Health, Inc.

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

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The takeaway

Cooperman's increased stake in Elevance Health suggests he sees significant upside potential in the company, which is one of the largest health insurers in the U.S. This move underscores the importance of Elevance Health's performance as an indicator of broader trends in the healthcare industry.