Elevance Health Shares Sold by Cannell & Spears LLC

Institutional investor reduces stake in health benefits company

Mar. 16, 2026 at 8:38am

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Cannell & Spears LLC, an institutional investor, reduced its holdings in Elevance Health, Inc. (NYSE:ELV) by 42.2% during the 3rd quarter, according to a recent SEC filing. The firm now owns 15,267 shares of the company's stock, down from 26,404 shares previously.

Why it matters

Elevance Health is one of the largest health benefits companies in the United States, providing medical and specialty health plans for individuals, employers, and government programs. Institutional investor activity in the company's stock can signal broader market trends and investor sentiment around the healthcare industry.

The details

According to the SEC filing, Cannell & Spears LLC sold 11,137 shares of Elevance Health during the 3rd quarter, reducing its total holdings to 15,267 shares. The firm's stake in the company was valued at $4.93 million at the end of the reporting period. Other large investors have also modified their Elevance Health holdings, with some increasing and others decreasing their positions.

  • The 42.2% reduction in Cannell & Spears LLC's Elevance Health holdings occurred during the 3rd quarter of the year.

The players

Cannell & Spears LLC

An institutional investor that manages assets on behalf of clients.

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 Cannell & Spears LLC's Elevance Health holdings could signal broader market trends and investor sentiment around the healthcare industry. However, without additional context or commentary from the firm, it's difficult to determine the specific reasons behind the portfolio change.