# Highmark

Highmark is an Insurance based in St. Paul, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** St. Paul, United States
- **Region:** North America
- **Address:** Fifth Avenue Place, 120 Fifth Avenue, Pittsburgh, PA, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** highmark.com
- **LinkedIn:** https://www.linkedin.com/company/highmarkplan
- **Wikidata:** Q5759565

## About

Highmark is an SEC-registered investment adviser in St. Paul, MN, registered since 2012. It manages approximately $612 million in regulatory assets. The firm has 5 employees and 4 investment advisers.

## Sectors

- Healthcare Services
- Private Equity
- Real Estate

## People

- David L. Holmberg — President and CEO, Highmark Health

## Questions

### What is Highmark's relationship with the Blue Cross Blue Shield Association?

Highmark operates as an independent licensee of the Blue Cross Blue Shield Association, holding the license for most of Pennsylvania, Delaware, and parts of West Virginia and New York. This affiliation grants the firm the rights to market BCBS-branded products within its territory while participating in the national BlueCard network, which allows members access to contracted providers across all BCBS plans nationwide.

### Who makes investment allocation decisions at Highmark?

Highmark Health's investment function reports through the office of the CFO and is governed by an investment committee of the board, advised by external consultants and third-party managers. Day-to-day portfolio management is handled by an internal team of investment professionals supplemented by discretionary mandates awarded to institutional asset managers. CEO David Holmberg and the board ultimately oversee the strategic asset allocation framework.

### Does Highmark invest directly or through fund commitments?

Highmark employs a hybrid model — certain allocations, particularly in alternative asset classes, are made via fund commitments to institutional managers, while the firm also holds direct ownership stakes in commercial real estate and healthcare properties. The directly owned assets include Fifth Avenue Place in Pittsburgh as well as multiple hospitals operated under the Allegheny Health Network umbrella.

## Related profiles

- [Highline Wealth Partners](https://altss.com/profile/highline-wealth-partners)
- [Highmark Health](https://altss.com/profile/highmark-health)

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Last updated: 2026-06-03T20:00:00.000Z

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