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Institutional Ownership · SEC Form 13F

Who owns United Therapeutics (UTHR)


Which tracked institutional funds hold UTHR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See UTHR company fundamentals →

Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

820
Institutional holders
40M
Shares held (tracked funds)
90.6%
Of shares outstanding

How the tape is positioned

143 tracked funds added or opened UTHR while 306 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

UTHR’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes UTHR more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in UTHR divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2026-Q1 and 2026-Q2, across 820 tracked filers holding UTHR, 398 increased or opened the position and 447 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in UTHR between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 49

  • Jupiter Topco LLC$450M
  • Deep Track Capital, LP$67M
  • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$45M
  • WORLDQUANT MILLENNIUM ADVISORS LLC$30M
  • Squarepoint Ops LLC$26M
  • PFA Pension, Forsikringsaktieselskab$23M

Full exits 69

  • JANUS HENDERSON GROUP PLC$514M
  • LSV ASSET MANAGEMENT$236M
  • ACADIAN ASSET MANAGEMENT LLC$178M
  • HRT FINANCIAL LP$169M
  • LORD, ABBETT & CO. LLC$148M
  • Pacer Advisors, Inc.$144M

Largest adds

  • NORGES BANK$233M
  • Vestal Point Capital, LP$191M
  • BlackRock, Inc.$170M
  • JANE STREET GROUP, LLC$153M
  • MILLENNIUM MANAGEMENT LLC$131M
  • Bellevue Group AG$101M

Largest trims

  • WELLINGTON MANAGEMENT GROUP LLP$595M
  • AQR CAPITAL MANAGEMENT LLC$192M
  • GEODE CAPITAL MANAGEMENT, LLC$191M
  • VANGUARD PORTFOLIO MANAGEMENT LLC$148M
  • RENAISSANCE TECHNOLOGIES LLC$134M
  • VANGUARD CAPITAL MANAGEMENT LLC$121M

Institutional holders

One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.

FundSharesReported value% of valueQuarter
BlackRock, Inc. added5,294,529$2.9B14.7%2026-Q2
Avoro Capital Advisors LLC added2,777,777$1.5B7.7%2026-Q2
VANGUARD PORTFOLIO MANAGEMENT LLC trimmed1,919,429$1.0B5.3%2026-Q2
VANGUARD CAPITAL MANAGEMENT LLC trimmed1,918,256$1.0B5.3%2026-Q2
STATE STREET CORP added1,898,064$1.0B5.3%2026-Q2
RENAISSANCE TECHNOLOGIES LLC trimmed1,708,739$926M4.8%2026-Q2
WELLINGTON MANAGEMENT GROUP LLP trimmed1,379,025$747M3.8%2026-Q2
GEODE CAPITAL MANAGEMENT, LLC trimmed996,598$539M2.8%2026-Q2
Jupiter Topco LLC new831,129$450M2.3%2026-Q2
NORGES BANK added694,753$376M1.9%2026-Q2
ASSETMARK, INC added624,068$338M1.7%2026-Q2
AQR CAPITAL MANAGEMENT LLC trimmed546,002$295M1.5%2026-Q2
DIMENSIONAL FUND ADVISORS LP added527,904$286M1.5%2026-Q2
FMR LLC trimmed473,409$257M1.3%2026-Q2
Invesco Ltd. trimmed473,109$256M1.3%2026-Q2
BAILLIE GIFFORD & CO added467,209$253M1.3%2026-Q2
DEERFIELD MANAGEMENT COMPANY, L.P.457,000$248M1.3%2026-Q2
MORGAN STANLEY added436,699$237M1.2%2026-Q2
Vestal Point Capital, LP added435,000$236M1.2%2026-Q2
NORTHERN TRUST CORP trimmed430,844$233M1.2%2026-Q2
MILLENNIUM MANAGEMENT LLC added409,074$222M1.1%2026-Q2
FRANKLIN RESOURCES INC added340,275$184M0.9%2026-Q2
Swedbank AB trimmed322,995$175M0.9%2026-Q2
CITADEL ADVISORS LLC trimmed304,692$165M0.8%2026-Q2
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed297,162$161M0.8%2026-Q2
Bank of New York Mellon Corp trimmed294,413$160M0.8%2026-Q2
Eversept Partners, LP added287,668$156M0.8%2026-Q2
JANE STREET GROUP, LLC added285,926$155M0.8%2026-Q2
Caisse de depot et placement du Quebec trimmed284,783$154M0.8%2026-Q2
JPMORGAN CHASE & CO trimmed275,358$151M0.8%2026-Q2
VANGUARD FIDUCIARY TRUST CO added268,477$145M0.7%2026-Q2
Pictet Asset Management Holding SA trimmed267,852$145M0.7%2026-Q2
CITIGROUP INC added262,200$142M0.7%2026-Q2
FIRST TRUST ADVISORS LP trimmed249,056$135M0.7%2026-Q2
PRICE T ROWE ASSOCIATES INC /MD/ trimmed243,444$132M0.7%2026-Q2
ALLIANCEBERNSTEIN L.P. added234,607$139M0.7%2026-Q2
Qube Research & Technologies Ltd added233,639$127M0.7%2026-Q2
Soleus Capital Management, L.P. added225,587$122M0.6%2026-Q2
FULLER & THALER ASSET MANAGEMENT, INC. trimmed220,697$120M0.6%2026-Q2
UBS Group AG trimmed220,616$120M0.6%2026-Q2
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added218,164$118M0.6%2026-Q2
Legal & General Group Plc added207,093$112M0.6%2026-Q2
FRONTIER CAPITAL MANAGEMENT CO LLC trimmed206,808$112M0.6%2026-Q2
Point72 Asset Management, L.P. added201,159$109M0.6%2026-Q2
Nuveen, LLC added200,059$108M0.6%2026-Q2
DEUTSCHE BANK AG\ trimmed195,269$106M0.5%2026-Q2
Bellevue Group AG added188,515$102M0.5%2026-Q2
BANK OF AMERICA CORP /DE/ trimmed179,235$97M0.5%2026-Q2
TD Asset Management Inc added168,649$91M0.5%2026-Q2
GOLDMAN SACHS GROUP INC added165,979$90M0.5%2026-Q2
FIFTH THIRD BANCORP trimmed158,184$86M0.4%2026-Q2
Epoch Investment Partners, Inc. added150,644$82M0.4%2026-Q2
Man Group plc added134,890$73M0.4%2026-Q2
HSBC HOLDINGS PLC added127,125$69M0.4%2026-Q2
Deep Track Capital, LP new123,616$67M0.3%2026-Q2
AMERIPRISE FINANCIAL INC added123,215$67M0.3%2026-Q2
Robeco Institutional Asset Management B.V. trimmed123,056$67M0.3%2026-Q2
RHUMBLINE ADVISERS trimmed120,078$65M0.3%2026-Q2
Bridgewater Associates, LP added111,326$60M0.3%2026-Q2
Swiss National Bank trimmed111,255$60M0.3%2026-Q2
PRINCIPAL FINANCIAL GROUP INC added106,561$58M0.3%2026-Q2
Allspring Global Investments Holdings, LLC trimmed96,696$53M0.3%2026-Q2
STOREBRAND ASSET MANAGEMENT AS trimmed91,690$50M0.3%2026-Q2
AustralianSuper Pty Ltd added89,590$49M0.2%2026-Q2
Retirement Systems of Alabama trimmed89,496$48M0.2%2026-Q2
California Public Employees Retirement System added88,696$48M0.2%2026-Q2
SUSQUEHANNA INTERNATIONAL GROUP, LLP added88,579$48M0.2%2026-Q2
Vinva Investment Management Ltd added88,369$48M0.2%2026-Q2
Sumitomo Mitsui Trust Group, Inc. trimmed85,496$46M0.2%2026-Q2
BOWEN HANES & CO INC85,000$50M0.3%2026-Q2
First Turn Management, LLC trimmed84,932$46M0.2%2026-Q2
Assenagon Asset Management S.A. added84,538$46M0.2%2026-Q2
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added83,855$45M0.2%2026-Q2
Portolan Capital Management, LLC added81,518$44M0.2%2026-Q2
Gotham Asset Management, LLC trimmed79,123$43M0.2%2026-Q2
SEIZERT CAPITAL PARTNERS, LLC trimmed76,828$42M0.2%2026-Q2
Sofinnova Investments, Inc. trimmed76,489$41M0.2%2026-Q2
WELLS FARGO & COMPANY/MN trimmed74,303$40M0.2%2026-Q2
SCHRODER INVESTMENT MANAGEMENT GROUP added72,306$39M0.2%2026-Q2
BARCLAYS PLC added72,010$39M0.2%2026-Q2
TOCQUEVILLE ASSET MANAGEMENT L.P. added71,878$39M0.2%2026-Q2
Zurich Insurance Group Ltd/FI added69,927$38M0.2%2026-Q2
AMERICAN CENTURY COMPANIES INC trimmed65,953$36M0.2%2026-Q2
ROYAL BANK OF CANADA added62,600$34M0.2%2026-Q2
Palo Alto Investors LP trimmed62,587$34M0.2%2026-Q2
ATWOOD & PALMER INC trimmed61,479$33M0.2%2026-Q2
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added61,438$33M0.2%2026-Q2
Russell Investments Group, Ltd. trimmed61,355$33M0.2%2026-Q2
BNP PARIBAS FINANCIAL MARKETS trimmed58,580$32M0.2%2026-Q2
RAYMOND JAMES FINANCIAL INC added55,173$30M0.2%2026-Q2
WORLDQUANT MILLENNIUM ADVISORS LLC added54,453$30M0.2%2026-Q2
AXIOM INVESTORS LLC /DE added54,437$29M0.2%2026-Q2
Candriam S.C.A. trimmed53,684$29M0.1%2026-Q2
Polaris Capital Management, LLC trimmed53,450$29M0.1%2026-Q2
CAPITAL FUND MANAGEMENT S.A. added53,037$29M0.1%2026-Q2
DIADEMA PARTNERS LP added52,989$29M0.1%2026-Q2
Summit Street Capital Management, LLC trimmed52,789$29M0.1%2026-Q2
Zurcher Kantonalbank (Zurich Cantonalbank) trimmed51,700$28M0.1%2026-Q2
PFM Health Sciences, LP added49,991$27M0.1%2026-Q2
Allianz Asset Management GmbH added48,445$27M0.1%2026-Q2

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership