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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
CSS
126
Cubist Systematic Strategies
Connecticut
$15.1M +$12.8M +424,336 New
CIBC World Market
127
CIBC World Market
Ontario, Canada
$15M +$11.5M +379,428 +909%
New York State Common Retirement Fund
128
New York State Common Retirement Fund
New York
$15M +$4.3M +142,381 +51%
Natixis Advisors
129
Natixis Advisors
Massachusetts
$14.9M +$3.63M +120,068 +40%
Raymond James Financial
130
Raymond James Financial
Florida
$14.7M -$10.8M -358,970 -47%
Victory Capital Management
131
Victory Capital Management
Texas
$14.5M -$45.1M -1,494,409 -79%
Universal-Beteiligungs- und Servicegesellschaft
132
Universal-Beteiligungs- und Servicegesellschaft
Germany
$14.4M -$582K -19,261 -5%
Cerity Partners
133
Cerity Partners
New York
$14.4M +$9.3M +307,839 +322%
IHAM
134
Integral Health Asset Management
New York
$14.3M +$12.1M +400,000 New
New York State Teachers Retirement System (NYSTRS)
135
New York State Teachers Retirement System (NYSTRS)
New York
$14.1M -$2.13M -70,598 -15%
Aviva
136
Aviva
United Kingdom
$14.1M +$692K +22,919 +6%
HA
137
Heartland Advisors
Wisconsin
$13.9M -$1.08M -35,791 -8%
SCM
138
Sio Capital Management
New York
$13.8M +$3.78M +125,100 +48%
Wealth Enhancement Advisory Services
139
Wealth Enhancement Advisory Services
Minnesota
$13.6M +$8.46M +279,952 +379%
GCM
140
Glenview Capital Management
New York
$13.3M +$11.2M +371,972 New
Mitsubishi UFJ Trust & Banking
141
Mitsubishi UFJ Trust & Banking
Japan
$13.1M -$12.7M -419,268 -53%
Manulife (Manufacturers Life Insurance)
142
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12.9M +$2.48M +82,002 +29%
QI
143
QV Investors
Alberta, Canada
$12.9M +$1.95M +64,680 +22%
Skandinaviska Enskilda Banken (SEB)
144
Skandinaviska Enskilda Banken (SEB)
Sweden
$12.4M -$85.5K -2,832 -0.8%
State of Tennessee, Department of Treasury
145
State of Tennessee, Department of Treasury
Tennessee
$12.4M +$5.42M +179,601 +108%
Carson Wealth (CWM LLC)
146
Carson Wealth (CWM LLC)
Nebraska
$12.4M +$7.9M +261,697 +310%
Korea Investment Corp
147
Korea Investment Corp
South Korea
$12.1M +$749K +24,805 +8%
DnB Asset Management
148
DnB Asset Management
Norway
$12M +$4.27M +141,458 +73%
State of Wisconsin Investment Board
149
State of Wisconsin Investment Board
Wisconsin
$11.9M -$911K -30,169 -8%
Royal London Asset Management
150
Royal London Asset Management
United Kingdom
$11.1M -$322K -10,648 -3%
4 5
6
7 8

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.