Centene
304 hedge funds and large institutions have $4.8B invested in Centene in 2014 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 100 increasing their positions, 114 reducing their positions, and 45 closing their positions.
49% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 45
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
15% more capital invested
Capital invested by funds: $4.19B → $4.8B (+$611M)
12.27% more ownership
Funds ownership: 384.09% → 396.37% (+12%)
7% more funds holding
Funds holding: 284 → 304 (+20)
12% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 114
15% less call options, than puts
Call options by funds: $8.35M | Put options by funds: $9.87M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
+$124M |
| 2 |
Jennison Associates
New York
|
+$100M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$83.7M |
| 4 |
State Street
Boston,
Massachusetts
|
+$54.5M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$51.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$113M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$53.6M |
| 3 |
DCM
Daruma Capital Management
New York
|
-$53M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$45M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$37.7M |
CNC Hedge Fund Activity: Q3 2014 in Review
304 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q3 2014, worth a combined $4.8B — up 15% from $4.19B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new CNC positions and 45 closed out — a net gain of 22 holders — while 100 added to existing stakes and 114 trimmed.
The largest buyer was Glenview Capital Management, opening a new position worth an estimated $124M. The largest seller was Fidelity Investments, cutting an estimated $113M.
- 304 institutional investors held Centene (CNC) as of Q3 2014, up from 284 in Q2 2014.
- Funds reported $4.8B of Centene stock for Q3 2014, up 15% quarter-over-quarter.
- 67 funds opened new Centene positions in Q3 2014 and 45 closed out, a net change of +22 holders.
- The largest Centene buyer in Q3 2014 was Glenview Capital Management, an estimated $124M added.
- The largest Centene seller in Q3 2014 was Fidelity Investments, an estimated $113M sold.
Based on aggregated 13F filings for Q3 2014.