Centene
651 hedge funds and large institutions have $16.9B invested in Centene in 2018 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 243 increasing their positions, 236 reducing their positions, and 64 closing their positions.
81% more call options, than puts
Call options by funds: $91.5M | Put options by funds: $50.6M
23% more funds holding in top 10
Funds holding in top 10: 13 → 16 (+3)
20% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 64
5% more capital invested
Capital invested by funds: $16B → $16.9B (+$877M)
3% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 236
1% more funds holding
Funds holding: 646 → 651 (+5)
3.63% less ownership
Funds ownership: 184.36% → 180.73% (-3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
+$66.9M |
| 2 |
DM
Deerfield Management
New York
|
+$61.3M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$57.8M |
| 4 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$48.5M |
| 5 |
RCM
Roystone Capital Management
New York
|
+$47.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$184M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$93.5M |
| 3 |
Goldman Sachs
New York
|
-$93.1M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$68.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$44.8M |
CNC Hedge Fund Activity: Q1 2018 in Review
651 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q1 2018, worth a combined $16.9B — up 5.5% from $16B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new CNC positions and 64 closed out — a net gain of 13 holders — while 243 added to existing stakes and 236 trimmed.
The largest buyer was Maverick Capital, opening a new position worth an estimated $66.9M. The largest seller was T. Rowe Price Associates, cutting an estimated $184M.
- 651 institutional investors held Centene (CNC) as of Q1 2018, up from 646 in Q4 2017.
- Funds reported $16.9B of Centene stock for Q1 2018, up 5.5% quarter-over-quarter.
- 77 funds opened new Centene positions in Q1 2018 and 64 closed out, a net change of +13 holders.
- The largest Centene buyer in Q1 2018 was Maverick Capital, an estimated $66.9M added.
- The largest Centene seller in Q1 2018 was T. Rowe Price Associates, an estimated $184M sold.
Based on aggregated 13F filings for Q1 2018.