Centene
CNC
483 hedge funds and large institutions have $10.8B invested in Centene in 2016 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 181 increasing their positions, 206 reducing their positions, and 78 closing their positions.
64% more call options, than puts
Call options by funds: $31.9M | Put options by funds: $19.4M
4.09% more ownership
Funds ownership: 187.96% → 192.05% (+4.1%)
5% less capital invested
Capital invested by funds: $11.4B → $10.8B (-$593M)
8% less funds holding
Funds holding: 523 → 483 (-40)
12% less repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 206
47% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 78
64% less funds holding in top 10
Funds holding in top 10: 22 → 8 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$361M |
| 2 |
UBS AM
Chicago,
Illinois
|
+$136M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$90.4M |
| 4 |
FAM
Fred Alger Management
New York
|
+$73.4M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$68.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
-$64.6M |
| 2 |
Millennium Management
New York
|
-$59.5M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$48.3M |
| 4 |
SGAM
Smith Group Asset Management
Dallas,
Texas
|
-$47.2M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$44.3M |
CNC Hedge Fund Activity: Q3 2016 in Review
483 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q3 2016, worth a combined $10.8B — down 5.2% from $11.4B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of CNC and 41 opened new positions — a net loss of 37 holders — while 206 trimmed existing stakes and 181 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $361M. The largest seller was OppenheimerFunds, cutting an estimated $64.6M.
- 483 institutional investors held Centene (CNC) as of Q3 2016, down from 523 in Q2 2016.
- Funds reported $10.8B of Centene stock for Q3 2016, down 5.2% quarter-over-quarter.
- 41 funds opened new Centene positions in Q3 2016 and 78 closed out, a net change of -37 holders.
- The largest Centene buyer in Q3 2016 was T. Rowe Price Associates, an estimated $361M added.
- The largest Centene seller in Q3 2016 was OppenheimerFunds, an estimated $64.6M sold.
Based on aggregated 13F filings for Q3 2016.