Cigna

CI • NYSE

Cigna is a medical - healthcare plans company in the healthcare sector on NYSE, led by David Michael Cordani, with a market cap of $74.2B. As of Q3 2025, 87% of shares are held by 1,568 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.65%.

CEODavid Michael Cordani

Market Cap$74.2B

Medical - Healthcare Plans

Healthcare

Employees72.5K

Websitecigna.com

Country

United States of America

Overview

Overview of institutional ownership in CI as of Q3 2025 with a market cap of $76.9B

All Institutions

Institutions: 1,568
Value Held: $66.9B
Shares Held: 231.9M
Avg Position: $42.6M
Median Position: $910.5K

Hedge Funds

Hedge Funds: 87
Value Held: $2.8B
Shares Held: 9.6M
Avg Position: $31.8M
Median Position: $4.1M

Ownership Breakdown

Institutional (non-HF)

83.32%

$64.1B

Hedge Funds

3.59%

$2.8B

Retail & Other

13.09%

$10.1B

Based on market cap of $76.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$7.4B 0.11% of portfolio	9.65% 25.8M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$6.4B 0.11% of portfolio	8.28% 22.1M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.5B 0.12% of portfolio	4.54% 12.1M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$3.3B 0.36% of portfolio	4.23% 11.3M shares	≤ Q2 2013 Held for 12y 6m+	$912.31B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$3.1B 0.97% of portfolio	4.08% 10.9M shares	Q1 2015 Held for 10y 9m	$322.72B
FMR LLC Institution	-	$3.1B 0.16% of portfolio	4.00% 10.7M shares	≤ Q2 2013 Held for 12y 6m+	$1.92T
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$2.7B 1.45% of portfolio	3.49% 9.3M shares	≤ Q2 2013 Held for 12y 6m+	$185.33B
Sanders Capital, LLC Long Only Manager	Lewis Alan Sanders CEO	$2.3B 2.78% of portfolio	2.93% 7.8M shares	Q4 2012 Held for 13 years	$81.3B
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$2.0B 3.01% of portfolio	2.54% 6.8M shares	Q3 2024 Held for 1y 3m	$65.1B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.9B 0.12% of portfolio	2.50% 6.7M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T

Net Capital Flow

Institutional buying and selling activity for CI in Q3 2025

Traded: +$383.1M
Buyers: 677
Sellers: 831
Total Bought: +$4.1B
Total Sold: −$3.7B
Avg Position: $37.7M

Biggest Buyers

Institution	Net Bought	Current Position
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$675.1M +2.3M shares	$1.1B 3.7M shares
Capital Research Global Investors RIA/Wealth	+$535.0M +1.9M shares	$916.4M 3.2M shares
GQG Partners LLC Long Only Manager	+$294.4M +1.0M shares	$2.0B 6.8M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$290.7M +1.0M shares	$3.3B 11.3M shares
AMERIPRISE FINANCIAL INC Institution	+$217.3M +753.9K shares	$615.8M 2.1M shares
DODGE & COX Long Only Manager	+$102.2M +354.6K shares	$2.7B 9.3M shares
Invesco Ltd. ETF Provider	+$80.6M +279.6K shares	$547.8M 1.9M shares
JPMORGAN CHASE & CO Institution	+$59.7M +207.2K shares	$1.9B 6.7M shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	+$59.6M +206.7K shares	$59.6M 206.7K shares
A Amundi Institution	+$59.5M +196.6K shares	$475.2M 1.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$252.7M −876.7K shares	$3.1B 10.9M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$245.1M −850.4K shares	$111.2M 385.9K shares
FRANKLIN RESOURCES INC Institution	−$190.0M −659.3K shares	$179.9M 624.0K shares
Marshall Wace LLP Institution	−$169.3M −587.4K shares	$26.6M 92.3K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$166.2M −576.6K shares	$663.5M 2.3M shares
D D. E. Shaw & Co., Inc. Institution	−$163.6M −567.4K shares	$113.6M 393.9K shares
FMR LLC Institution	−$142.9M −495.6K shares	$3.1B 10.7M shares
NORDEA INVESTMENT MANAGEMENT AB Institution	−$139.3M −482.9K shares	$420.8M 1.5M shares
Artisan Partners Limited Partnership Long Only Manager	−$133.0M −402.3K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$99.3M −344.7K shares	$371.4M 1.3M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CI in Q3 2025

New Positions: 45
New Value: $37.3M
Exited Positions: 207
Exited Value: $533.4M

New Positions

Institution	Position Value
Morningstar Investment Management LLC Long Only Manager	$10.3M 35.7K shares
T TrueMark Investments, LLC Institution	$5.7M 19.9K shares
Hi-Line Capital Management, LLC RIA/Wealth	$5.3M 18.3K shares
S Stonegate Management LLC Institution	$2.3M 8.2K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$1.8M 6.1K shares
Mountain Lake Investment Management LLC Hedge Fund•Value	$1.5M 5.1K shares
A ABC ARBITRAGE SA Institution	$1.5M 5.0K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$1.2M 4.3K shares
T TEMA ETFS LLC Institution	$1.2M 4.1K shares
P Permanent Capital Management, LP RIA/Wealth	$876.6K 3.0K shares

Exited Positions

Institution	Previous Position
Artisan Partners Limited Partnership Long Only Manager	$133.0M 402.3K shares
Woodline Partners LP Hedge Fund•Long/Short	$59.1M 178.7K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$47.4M 143.5K shares
A AXA Institution	$42.3M 128.0K shares
8 8 KNOTS MANAGEMENT, LLC Hedge Fund•Long/Short	$26.3M 79.6K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$20.7M 62.6K shares
R Railway Pension Investments Ltd Institution	$19.6M 59.2K shares
Gradient Investments LLC RIA/Wealth	$13.1M 39.6K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$12.9M 39.0K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$11.8M 35.8K shares

Options Activity

Institutions with the largest Call and Put options positions in CI as of Q3 2025

Call Positions: 37
Call Value: $1.1B
Put Positions: 38
Put Value: $652.7M

Call Positions

Institution	Position Value
BloombergSen Inc. Institution	$302.3M 10.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$225.2M 7.8K contracts
J JANE STREET GROUP, LLC Institution	$148.9M 5.2K contracts
Walleye Trading LLC RIA/Wealth	$82.9M 2.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$80.0M 2.8K contracts
BARCLAYS PLC Institution	$63.0M 2.2K contracts
W WOLVERINE TRADING, LLC Institution	$49.6M 1.7K contracts
GOLDMAN SACHS GROUP INC Institution	$33.8M 1.2K contracts
D D. E. Shaw & Co., Inc. Institution	$28.4M 984.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$18.7M 649.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$160.7M 5.6K contracts
Marshall Wace LLP Institution	$79.0M 2.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$63.9M 2.2K contracts
W WOLVERINE TRADING, LLC Institution	$51.6M 1.8K contracts
BARCLAYS PLC Institution	$36.8M 1.3K contracts
Walleye Trading LLC RIA/Wealth	$35.9M 1.2K contracts
J JANE STREET GROUP, LLC Institution	$26.2M 908.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$24.8M 860.0 contracts
GOLDMAN SACHS GROUP INC Institution	$21.4M 742.0 contracts
M MIRAE ASSET SECURITIES INC. Institution	$14.4M 500.0 contracts

Most Committed Institutions

Institutions with CI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T TAM Capital Management Inc. Hedge Fund•Multi-Strategy	Tsemach Aaron Mishal Managing Partner	91.73% $76.3M	0.09% 253.5K shares	Q4 2024 Held for 1 year	$83.2M
U Unio Capital LLC Hedge Fund•Long/Short	John Anthony Allison CEO	11.28% $47.4M	0.06% 164.3K shares	Q3 2018 Held for 7y 3m	$419.7M
Sailer Financial LLC RIA/Wealth	Jeremy Patrick Hutzel President	8.83% $35.8M	0.05% 124.3K shares	Q4 2019 Held for 6 years	$405.8M
BANYAN CAPTIAL MANAGEMENT, INC. RIA/Wealth	Drew Douglas Estes President	8.22% $17.3M	0.02% 60.1K shares	Q4 2018 Held for 7 years	$210.7M
BOONE CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Daniel Walter Boone President	7.84% $23.9M	0.03% 83.0K shares	Q4 2022 Held for 3 years	$305.0M
LAKEWOOD CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	Anthony Theodore Bozza Managing Partner	7.36% $97.2M	0.13% 337.3K shares	Q3 2018 Held for 7y 3m	$1.3B
Focused Investors LLC Hedge Fund•Value	Nugroho (Nmn) Soeharto Managing Partner	6.44% $210.4M	0.27% 730.0K shares	Q3 2019 Held for 6y 3m	$3.3B
P PORTLAND INVESTMENT COUNSEL INC. Institution	-	5.70% $20.8M	0.03% 72.2K shares	Q4 2024 Held for 1 year	$365.0M
Kiltearn Partners LLP Long Only Manager	Murdoch Ross Murchison CEO	5.65% $28.2M	0.04% 97.8K shares	Q1 2022 Held for 3y 9m	$498.9M
WILSEY ASSET MANAGEMENT INC RIA/Wealth	Brent Michael Wilsey CEO	5.58% $30.4M	0.04% 105.5K shares	Q3 2021 Held for 4y 3m	$545.3M

Hedge Fund Spotlight

Discover hedge funds investing in CI

Bridgefront Capital, LLC

Hedge Fund • Quant

Portfolio ManagerBrian Huber

Portfolio Value: $340.5M
Positions: 563
Last Reported: Q3 2025

Sector Allocation

Position in Cigna

Market Value: $306.1K
Shares Held: 1.1K
Portfolio Weight: 0.09%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Lam Research LRCX	Semiconductors Technology	$4.4M	1.30%
2 Honeywell International HON	Conglomerates Industrials	$3.1M	0.91%
3 Autodesk ADSK	Software - Application Technology	$3.1M	0.90%