Centene
777 hedge funds and large institutions have $34.5B invested in Centene in 2020 Q2 according to their latest regulatory filings, with 121 funds opening new positions, 253 increasing their positions, 294 reducing their positions, and 85 closing their positions.
42% more first-time investments, than exits
New positions opened: 121 | Existing positions closed: 85
6% more capital invested
Capital invested by funds: $32.6B → $34.5B (+$1.96B)
4% more funds holding
Funds holding: 744 → 777 (+33)
0.3% more ownership
Funds ownership: 93.55% → 93.85% (+0.3%)
6% less call options, than puts
Call options by funds: $211M | Put options by funds: $225M
14% less repeat investments, than reductions
Existing positions increased: 253 | Existing positions reduced: 294
26% less funds holding in top 10
Funds holding in top 10: 39 → 29 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$489M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$434M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$210M |
| 4 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
+$97.5M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$96.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Third Point
New York
|
-$387M |
| 2 |
BlackRock
New York
|
-$251M |
| 3 |
LAM
Lyrical Asset Management
New York
|
-$236M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$208M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$160M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AT
851
Arden Trust
Wilmington,
Delaware
| – | -$5K | -84 | Closed |
|
|
AP
852
Arlington Partners
Birmingham,
Alabama
| – | -$4K | -72 | Closed |
|
|
TL
853
TrueWealth LLC
Atlanta,
Georgia
| – | -$4K | -70 | Closed |
|
|
LSA
854
Lion Street Advisors
Austin,
Texas
| – | -$1K | -19 | Closed |
|
|
IRC
855
Investors Research Corp
Atlanta,
Georgia
| – | -$1K | -16 | Closed |
|
|
TCM
856
Tradewinds Capital Management
Bellingham,
Washington
| – | -$1K | -14 | Closed |
|
|
CAC
857
Cowen and Company
New York
| – | -$1K | -11 | Closed |
|
|
ST
858
Sageworth Trust
Lancaster,
Pennsylvania
| – | +$195 | +3 | New |
|
859
Simplex Trading
Chicago,
Illinois
| – | +$860K | +13,213 | +1,462% |
|
CNC Hedge Fund Activity: Q2 2020 in Review
777 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q2 2020, worth a combined $34.5B — up 6% from $32.6B a quarter earlier.
Buyers outnumbered sellers: 121 funds opened new CNC positions and 85 closed out — a net gain of 36 holders — while 253 added to existing stakes and 294 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $489M. The largest seller was Third Point, exiting entirely with an estimated $387M sold.
- 777 institutional investors held Centene (CNC) as of Q2 2020, up from 744 in Q1 2020.
- Funds reported $34.5B of Centene stock for Q2 2020, up 6% quarter-over-quarter.
- 121 funds opened new Centene positions in Q2 2020 and 85 closed out, a net change of +36 holders.
- The largest Centene buyer in Q2 2020 was Fidelity Investments, an estimated $489M added.
- The largest Centene seller in Q2 2020 was Third Point, an estimated $387M sold.
Based on aggregated 13F filings for Q2 2020.