Centene
504 hedge funds and large institutions have $8.81B invested in Centene in 2016 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 161 increasing their positions, 204 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)
35% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 72
4% more funds holding
Funds holding: 485 → 504 (+19)
9.64% less ownership
Funds ownership: 192.05% → 182.41% (-9.6%)
20% less capital invested
Capital invested by funds: $11B → $8.81B (-$2.16B)
21% less repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 204
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
+$82.6M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
+$49.4M |
| 3 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$46.3M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$40.9M |
| 5 |
RCM
Roystone Capital Management
New York
|
+$37.4M |
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 4,008 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q4 2016, worth a combined $8.81B — down 20% from $11B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new CNC positions and 72 closed out — a net gain of 25 holders — while 161 added to existing stakes and 204 trimmed.
The largest buyer was Maverick Capital, opening a new position worth an estimated $82.6M. The largest seller was Winslow Capital Management, cutting an estimated $248M.
- 504 institutional investors held Centene (CNC) as of Q4 2016, up from 485 in Q3 2016.
- Funds reported $8.81B of Centene stock for Q4 2016, down 20% quarter-over-quarter.
- 97 funds opened new Centene positions in Q4 2016 and 72 closed out, a net change of +25 holders.
- The largest Centene buyer in Q4 2016 was Maverick Capital, an estimated $82.6M added.
- The largest Centene seller in Q4 2016 was Winslow Capital Management, an estimated $248M sold.
Based on aggregated 13F filings for Q4 2016.