Danica Pension Livsforsikringsaktieselskab Buys $140M Stake in Elevance Health

The Danish pension fund now owns 0.20% of the healthcare company's shares.

Mar. 18, 2026 at 8:24am

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Danica Pension Livsforsikringsaktieselskab, a Danish pension fund, purchased a new stake of 434,549 shares in Elevance Health, Inc. (NYSE:ELV) during the third quarter of 2026. The stake is valued at approximately $140.4 million, making Elevance Health the 15th largest holding in Danica Pension's portfolio.

Why it matters

This investment by a major European pension fund highlights the continued interest and confidence in Elevance Health's growth prospects among institutional investors. As one of the largest U.S. health benefits companies, Elevance Health's performance is seen as an indicator of the overall health of the healthcare industry.

The details

According to a 13F filing with the SEC, Danica Pension Livsforsikringsaktieselskab purchased the new stake in Elevance Health during the third quarter of 2026. The 434,549 shares acquired represent approximately 0.20% of Elevance Health's outstanding shares.

  • Danica Pension purchased the Elevance Health shares during the third quarter of 2026.

The players

Danica Pension Livsforsikringsaktieselskab

A Danish pension fund that manages retirement assets for individuals in Denmark.

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

Elevance Health's ability to attract significant investment from a major European pension fund underscores the company's strong financial position and growth potential within the evolving U.S. healthcare landscape.