Centene
261 hedge funds and large institutions have $3.23B invested in Centene in 2013 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 91 increasing their positions, 97 reducing their positions, and 16 closing their positions.
206% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 16
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
14% more funds holding
Funds holding: 229 → 261 (+32)
6% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 97
3.11% less ownership
Funds ownership: 400.3% → 397.2% (-3.1%)
8% less capital invested
Capital invested by funds: $3.51B → $3.23B (-$283M)
22% less call options, than puts
Call options by funds: $8.1M | Put options by funds: $10.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
+$71.7M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$41.7M |
| 3 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
+$36.4M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$19M |
| 5 |
DM
Deerfield Management
New York
|
+$18.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$80.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$68.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$59M |
| 4 |
Jennison Associates
New York
|
-$35.6M |
| 5 |
O
OrbiMed
New York
|
-$26.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WRM
276
Westport Resources Management
Westport,
Connecticut
| – | -$16K | -1,024 | Closed |
|
277
Creative Planning
Overland Park,
Kansas
| – | -$7K | -428 | Closed |
|
278
Walleye Trading
New York
| – | +$60 | +4 | New |
|
CNC Hedge Fund Activity: Q4 2013 in Review
261 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q4 2013, worth a combined $3.23B — down 8.1% from $3.51B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CNC positions and 16 closed out — a net gain of 33 holders — while 91 added to existing stakes and 97 trimmed.
The largest buyer was EARNEST Partners, opening a new position worth an estimated $71.7M. The largest seller was Frontier Capital Management, cutting an estimated $80.6M.
- 261 institutional investors held Centene (CNC) as of Q4 2013, up from 229 in Q3 2013.
- Funds reported $3.23B of Centene stock for Q4 2013, down 8.1% quarter-over-quarter.
- 49 funds opened new Centene positions in Q4 2013 and 16 closed out, a net change of +33 holders.
- The largest Centene buyer in Q4 2013 was EARNEST Partners, an estimated $71.7M added.
- The largest Centene seller in Q4 2013 was Frontier Capital Management, an estimated $80.6M sold.
Based on aggregated 13F filings for Q4 2013.