Centene
844 hedge funds and large institutions have $32.8B invested in Centene in 2023 Q1 according to their latest regulatory filings, with 91 funds opening new positions, 304 increasing their positions, 333 reducing their positions, and 112 closing their positions.
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
2.63% more ownership
Funds ownership: 91.3% → 93.92% (+2.6%)
9% less repeat investments, than reductions
Existing positions increased: 304 | Existing positions reduced: 333
4% less funds holding
Funds holding: 877 → 844 (-33)
19% less first-time investments, than exits
New positions opened: 91 | Existing positions closed: 112
23% less capital invested
Capital invested by funds: $42.3B → $32.8B (-$9.54B)
25% less call options, than puts
Call options by funds: $167M | Put options by funds: $222M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$344M |
| 2 |
Swedbank
Stockholm,
Sweden
|
+$255M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$232M |
| 4 |
Two Sigma Investments
New York
|
+$147M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$135M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.11B |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$515M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$159M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$147M |
| 5 |
JP Morgan Chase
New York
|
-$142M |
CNC Hedge Fund Activity: Q1 2023 in Review
844 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q1 2023, worth a combined $32.8B — down 23% from $42.3B a quarter earlier.
Sellers outnumbered buyers: 112 funds closed out of CNC and 91 opened new positions — a net loss of 21 holders — while 333 trimmed existing stakes and 304 added.
The largest buyer was Fidelity Investments, adding an estimated $344M. The largest seller was T. Rowe Price Associates, cutting an estimated $1.11B.
- 844 institutional investors held Centene (CNC) as of Q1 2023, down from 877 in Q4 2022.
- Funds reported $32.8B of Centene stock for Q1 2023, down 23% quarter-over-quarter.
- 91 funds opened new Centene positions in Q1 2023 and 112 closed out, a net change of -21 holders.
- The largest Centene buyer in Q1 2023 was Fidelity Investments, an estimated $344M added.
- The largest Centene seller in Q1 2023 was T. Rowe Price Associates, an estimated $1.11B sold.
Based on aggregated 13F filings for Q1 2023.