Healthcare Provider Stocks
Top 10 of 61 IHF holdings, updated
As of 12 October 2026, healthcare provider stocks are trailing the S&P 500, over the past month and over the longer run. IHF trails the S&P 500 by 0.9 points over one month and ranks #25 of 115 groups Zensei tracks. 31 of the 61 healthcare provider stocks Zensei prices in IHF beat the fund this month.
Where healthcare provider stocks stand now
As of 12 October 2026, Health Care Providers (IHF) ranks #25 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 0.9 points behind over the past month and 3.5 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, IHF's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. IHF's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The exposure comes via iShares U.S. Healthcare Providers ETF, whose 61 tracked holdings are led by Unitedhealth Group Inc, Cvs Health Corp and Elevance Health Inc. Weighted by portfolio, the fund's holdings trade at roughly 21.3× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top healthcare provider stocks right now
The largest healthcare provider stocks by weight in IHF, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of IHF
- 1Unitedhealth Group IncUNH21.9%
- 2Cvs Health CorpCVS12.1%
- 3Elevance Health IncELV9.5%
- 4Veeva Systems IncVEEV5.0%
- 5Hca Healthcare IncHCA4.7%
Strongest this month
1-month return, holdings Zensei prices
- 1Schrodinger IncSDGR+36.2%
- 2Option Care Health IncOPCH+32.5%
- 3Certara IncCERT+22.4%
- 4Doximity IncDOCS+19.5%
- 5n/aHNGE+18.3%
Healthcare Provider Stocks vs the S&P 500
Over the week to 12 October 2026, IHF rose 2.0% while the S&P 500 rose 0.4%. IHF and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means IHF won that window.
Prices as of · computed from daily adjusted closes · how we measure
Health Care Providers on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are healthcare provider stocks expensive?
The price-to-earnings ratio of IHF as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
IHF holdings: the healthcare provider stocks inside
As of 12 October 2026, 31 of the 61 healthcare provider stocks Zensei prices in IHF beat the fund over the past month. 27 of them beat the S&P 500. The strongest is Schrodinger Inc (SDGR); the weakest is Alignment Healthcare Inc (ALHC). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | UNHUnitedhealth Group Inc | 21.9% | +0.3% | −11.4% | −0.9 pts | Weak | Broken |
| 2 | CVSCvs Health Corp | 12.1% | −7.3% | −16.6% | −8.5 pts | Weak | Broken |
| 3 | ELVElevance Health Inc | 9.5% | +0.8% | −0.3% | −0.4 pts | Weak | Strong |
| 4 | VEEVVeeva Systems Inc | 5.0% | +12.7% | +50.3% | |||
| 5 | HCAHca Healthcare Inc | 4.7% | +7.6% | +17.6% | |||
| 6 | HUMHumana Inc | 4.6% | +5.8% | +6.7% | |||
| 7 | CIThe Cigna Group | 4.5% | +0.9% | −6.5% | |||
| 8 | CNCCentene Corp | 4.2% | +0.9% | −1.9% | |||
| 9 | LHLabcorp Holdings Inc | 3.3% | +1.3% | +14.3% | |||
| 10 | DGXQuest Diagnostics Inc | 3.3% | −0.6% | +12.6% |
All 61 IHF holdings by weight: Unitedhealth Group Inc (UNH) 21.9%, Cvs Health Corp (CVS) 12.1%, Elevance Health Inc (ELV) 9.5%, Veeva Systems Inc (VEEV) 5.0%, Hca Healthcare Inc (HCA) 4.7%, Humana Inc (HUM) 4.6%, The Cigna Group (CI) 4.5%, Centene Corp (CNC) 4.2%, Labcorp Holdings Inc (LH) 3.3%, Quest Diagnostics Inc (DGX) 3.3%, Guardant Health Inc (GH) 3.0%, Tenet Healthcare Corp (THC) 2.7%, Encompass Health Corp (EHC) 1.6%, Brightspring Health Services Inc (BTSG) 1.4%, Molina Healthcare Inc (MOH) 1.3%, Ensign Group Inc (ENSG) 1.3%, Universal Health Services Inc (UHS) 1.2%, Healthequity Inc (HQY) 1.0%, Chemed Corp (CHE) 0.9%, n/a (HIMS) 0.8%, Davita Inc (DVA) 0.8%, n/a (HNGE) 0.8%, Radnet Inc (RDNT) 0.7%, Option Care Health Inc (OPCH) 0.6%, Concentra Group Holdings Parent Inc (CON) 0.6%, Doximity Inc (DOCS) 0.5%, Heartflow Inc (HTFL) 0.4%, n/a (LFST) 0.4%, Waystar Holding Corp (WAY) 0.4%, National Healthcare Corp (NHC) 0.4%, Acadia Healthcare Co Inc (ACHC) 0.4%, Privia Health Group Inc (PRVA) 0.3%, Brookdale Senior Living Inc (BKD) 0.3%, Corvel Corp (CRVL) 0.3%, n/a (BLLN) 0.3%, Neogenomics Inc (NEO) 0.3%, Pediatrix Medical Group Inc (MD) 0.3%, Addus Homecare Corp (ADUS) 0.3%, Pacs Group Inc (PACS) 0.3%, n/a (CLOV) 0.3%, Progyny Inc (PGNY) 0.3%, n/a (WGS) 0.2%, Schrodinger Inc (SDGR) 0.2%, Alignment Healthcare Inc (ALHC) 0.2%, Astrana Health Inc (ASTH) 0.2%, Aveanna Healthcare Holdings Inc (AVAH) 0.2%, Amn Healthcare Services Inc (AMN) 0.2%, Pennant Group Inc (PNTG) 0.2%, US Physical Therapy Inc (USPH) 0.2%, Omada Health Inc (OMDA) 0.1%, Agilon Health Inc (AGL) 0.1%, Certara Inc (CERT) 0.1%, Surgery Partners Inc (SGRY) 0.1%, Teladoc Health Inc (TDOC) 0.1%, Castle Biosciences Inc (CSTL) 0.1%, Healthstream Inc (HSTM) 0.1%, Opko Health Inc (OPK) 0.1%, Phreesia Inc (PHR) 0.1%, Fulgent Genetics Inc (FLGT) 0.1%, Evolent Health Inc (EVH) 0.1%, Community Health Systems Inc (CYH) 0.0%.
Healthcare Provider Stocks: common questions
What are the top 3 healthcare provider stocks?
As of 12 October 2026, the three largest healthcare provider stocks in IHF by fund weight are Unitedhealth Group Inc (UNH) (21.9%), Cvs Health Corp (CVS) (12.1%) and Elevance Health Inc (ELV) (9.5%). Fund weight shows size inside the fund, not a recommendation.
Which healthcare provider stocks are beating the sector?
As of 12 October 2026, 31 of the 61 healthcare provider stocks Zensei prices in IHF beat the fund over the past month. The strongest over the past month is Schrodinger Inc (SDGR). The list above shows every holding with its weight and returns.
Are healthcare provider stocks outperforming the S&P 500?
No. As of 12 October 2026, IHF trails the S&P 500 by 0.9 points over the past month.
Is it a good time to invest in healthcare provider stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, healthcare provider stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is IHF?
IHF is iShares U.S. Healthcare Providers ETF. Zensei uses it to measure healthcare provider stocks against the S&P 500 (SPY).
What stocks does IHF own?
As of 12 October 2026, the largest of the 61 positions Zensei tracks in IHF are Unitedhealth Group Inc, Cvs Health Corp, Elevance Health Inc, Veeva Systems Inc, Hca Healthcare Inc. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is health care providers in right now?
As of 12 October 2026, health care providers is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track health care providers against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.