CSM Advisors LLC Reduces Stake in Humana Inc.

Hedge fund decreases holdings in insurance provider by over two-thirds in Q3 2026

Mar. 17, 2026 at 8:19am

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According to a recent SEC filing, CSM Advisors LLC reduced its stake in Humana Inc. (NYSE: HUM) by 68.6% in the third quarter of 2026. The fund previously owned 7,486 shares of the insurance provider's stock, but sold 16,385 shares during the period, leaving it with a remaining position of 7,486 shares valued at $1,947,000.

Why it matters

Humana is one of the largest health insurance providers in the United States, particularly known for its Medicare Advantage plans. Changes in institutional ownership can signal shifts in investor sentiment and market expectations around a company's performance and outlook.

The details

According to the 13F filing, CSM Advisors LLC sold a significant portion of its Humana holdings during Q3 2026, reducing its position by over two-thirds. The fund previously owned 23,871 shares of Humana stock, but now holds only 7,486 shares after the sale of 16,385 shares.

  • CSM Advisors LLC filed the 13F report disclosing the changes in its Humana holdings on March 17, 2026.
  • The reported transactions occurred during the third quarter of 2026.

The players

CSM Advisors LLC

An investment management firm that previously held a sizable position in Humana Inc. shares.

Humana Inc.

A major health insurance provider in the United States, known for its Medicare Advantage plans and other insurance products.

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The takeaway

The reduction in CSM Advisors' Humana holdings could signal a shift in the firm's outlook on the insurance provider's prospects, though the specific reasons behind the portfolio change are not disclosed. Investors and analysts will likely monitor Humana's performance and any further changes in institutional ownership going forward.