Centene
CNC
705 hedge funds and large institutions have $26.7B invested in Centene in 2018 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 224 increasing their positions, 300 reducing their positions, and 52 closing their positions.
62% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 52
17% more capital invested
Capital invested by funds: $22.9B → $26.7B (+$3.86B)
6% more funds holding in top 10
Funds holding in top 10: 16 → 17 (+1)
4% more funds holding
Funds holding: 677 → 705 (+28)
2.5% less ownership
Funds ownership: 182.38% → 179.87% (-2.5%)
22% less call options, than puts
Call options by funds: $97.6M | Put options by funds: $125M
25% less repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 300
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$971M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$225M |
| 3 |
BlackRock
New York
|
+$135M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$81M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$70.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$557M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$196M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$133M |
| 4 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
-$99.5M |
| 5 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$80.2M |
CNC Hedge Fund Activity: Q3 2018 in Review
705 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q3 2018, worth a combined $26.7B — up 17% from $22.9B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new CNC positions and 52 closed out — a net gain of 32 holders — while 224 added to existing stakes and 300 trimmed.
The largest buyer was Capital International Investors, opening a new position worth an estimated $971M. The largest seller was Capital World Investors, cutting an estimated $557M.
- 705 institutional investors held Centene (CNC) as of Q3 2018, up from 677 in Q2 2018.
- Funds reported $26.7B of Centene stock for Q3 2018, up 17% quarter-over-quarter.
- 84 funds opened new Centene positions in Q3 2018 and 52 closed out, a net change of +32 holders.
- The largest Centene buyer in Q3 2018 was Capital International Investors, an estimated $971M added.
- The largest Centene seller in Q3 2018 was Capital World Investors, an estimated $557M sold.
Based on aggregated 13F filings for Q3 2018.