Centene
CNC
504 hedge funds and large institutions have $8.98B invested in Centene in 2016 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 162 increasing their positions, 202 reducing their positions, and 72 closing their positions.
72% more call options, than puts
Call options by funds: $42M | Put options by funds: $24.4M
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
38% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 72
4% more funds holding
Funds holding: 483 → 504 (+21)
6.63% less ownership
Funds ownership: 192.05% → 185.42% (-6.6%)
17% less capital invested
Capital invested by funds: $10.8B → $8.98B (-$1.86B)
20% less repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 202
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$146M |
| 2 |
MC
Maverick Capital
Dallas,
Texas
|
+$82.6M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
+$49.4M |
| 4 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$46.3M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$40.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$248M |
| 2 |
Bank of New York Mellon
New York
|
-$88.3M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$83.2M |
| 4 |
Goldman Sachs
New York
|
-$64.1M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$64.1M |
CNC Hedge Fund Activity: Q4 2016 in Review
504 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q4 2016, worth a combined $8.98B — down 17% from $10.8B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new CNC positions and 72 closed out — a net gain of 27 holders — while 162 added to existing stakes and 202 trimmed.
The largest buyer was 1832 Asset Management, adding an estimated $146M. The largest seller was Winslow Capital Management, cutting an estimated $248M.
- 504 institutional investors held Centene (CNC) as of Q4 2016, up from 483 in Q3 2016.
- Funds reported $8.98B of Centene stock for Q4 2016, down 17% quarter-over-quarter.
- 99 funds opened new Centene positions in Q4 2016 and 72 closed out, a net change of +27 holders.
- The largest Centene buyer in Q4 2016 was 1832 Asset Management, an estimated $146M added.
- The largest Centene seller in Q4 2016 was Winslow Capital Management, an estimated $248M sold.
Based on aggregated 13F filings for Q4 2016.