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Centene
CNC

847 hedge funds and large institutions have $16.4B invested in Centene in 2025 Q3 according to their latest regulatory filings, with 168 funds opening new positions, 333 increasing their positions, 265 reducing their positions, and 179 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more funds holding in top 10

Funds holding in top 10: 7 → 17 (+10)

26% more repeat investments, than reductions

Existing positions increased: 333 | Existing positions reduced: 265

18% more call options, than puts

Call options by funds: $878M | Put options by funds: $745M

6% less first-time investments, than exits

New positions opened: 168 | Existing positions closed: 179

3% less funds holding

Funds holding: 870 → 847 (-23)

2.98% less ownership

Funds ownership: 96.52% → 93.54% (-3%)

37% less capital invested

Capital invested by funds: $26B → $16.4B (-$9.58B)

Holders
847
Holders Change
-23
Holders Change %
-2.64%
% of All Funds
11.12%
Holding in Top 10
17
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+142.86%
% of All Funds
0.22%
New
168
Increased
333
Reduced
265
Closed
179
Calls
$878M
Puts
$745M
Net Calls
+$133M
Net Calls Change
+$249M

Top Buyers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$234M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$192M
3
DM
Deerfield Management
New York
+$177M
4
Citadel Advisors
Citadel Advisors
Florida
+$160M
5
8KM
8 Knots Management
Texas
+$158M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$712M
2
Capital World Investors
Capital World Investors
California
-$419M
3
Harris Associates
Harris Associates
Illinois
-$341M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$156M
5
DPL
Danica Pension Livsforsikrings
-$74.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
IAA
926
Independent Advisor Alliance
North Carolina
– -$561K -10,329 Closed
BAM
927
Blueshift Asset Management
New Jersey
– -$542K -9,983 Closed
SPA
928
Sherbrooke Park Advisers
New York
– -$540K -9,957 Closed
LIM
929
Leavell Investment Management
Alabama
– -$534K -9,829 Closed
WIS
930
Wright Investors Service
Connecticut
– -$519K -9,567 Closed
RS
931
R Squared
Hong Kong
– -$504K -9,285 Closed
FFM
932
Forum Financial Management
Illinois
– -$477K -8,791 Closed
SF
933
Synovus Financial
Georgia
– -$471K -8,678 Closed
NEI
934
Northwest & Ethical Investments
Ontario, Canada
– -$442K -8,148 Closed
SC
935
Soundwatch Capital
Connecticut
– -$5.01M -8,107 Closed
FRA
936
Frank Rimerman Advisors
California
– -$439K -8,087 Closed
SC
937
Savant Capital
Illinois
– -$430K -7,918 Closed
KPWS
938
Kestra Private Wealth Services
Texas
– -$429K -7,906 Closed
TC
939
TownSquare Capital
Utah
– -$404K -7,444 Closed
PA
940
Probity Advisors
Texas
– -$400K -7,364 Closed
SOAMC
941
Spirit of America Management Corp
New York
– -$396K -7,300 Closed
CAU
942
Caxton Associates (UK)
– -$396K -7,291 Closed
TCM
943
Teza Capital Management
Illinois
– -$389K -7,170 Closed
OR
944
Olympiad Research
Connecticut
– -$385K -7,092 Closed
VSQM
945
V-Square Quantitative Management
Illinois
– -$379K -6,979 Closed
QWM
946
Quadcap Wealth Management
Texas
– -$373K -6,869 Closed
BBA
947
Baader Bank Aktiengesellschaft
Germany
– -$357K -6,801 Closed
BC
948
Bridgefront Capital
Texas
– -$363K -6,690 Closed
EI
949
EDMP Inc
Florida
– -$346K -6,369 Closed
ALAM
950
Asahi Life Asset Management
Japan
– -$344K -6,330 Closed
36 37
38
39 40

CNC Hedge Fund Activity: Q3 2025 in Review

847 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q3 2025, worth a combined $16.4B — down 37% from $26B a quarter earlier.

Sellers outnumbered buyers: 179 funds closed out of CNC and 168 opened new positions — a net loss of 11 holders — while 265 trimmed existing stakes and 333 added.

The largest buyer was D.E. Shaw & Co, adding an estimated $234M. The largest seller was Fidelity Investments, cutting an estimated $712M.

  • 847 institutional investors held Centene (CNC) as of Q3 2025, down from 870 in Q2 2025.
  • Funds reported $16.4B of Centene stock for Q3 2025, down 37% quarter-over-quarter.
  • 168 funds opened new Centene positions in Q3 2025 and 179 closed out, a net change of -11 holders.
  • The largest Centene buyer in Q3 2025 was D.E. Shaw & Co, an estimated $234M added.
  • The largest Centene seller in Q3 2025 was Fidelity Investments, an estimated $712M sold.

Based on aggregated 13F filings for Q3 2025.