Centene
833 hedge funds and large institutions have $35B invested in Centene in 2023 Q2 according to their latest regulatory filings, with 83 funds opening new positions, 320 increasing their positions, 304 reducing their positions, and 89 closing their positions.
7% more capital invested
Capital invested by funds: $32.8B → $35B (+$2.22B)
5% more repeat investments, than reductions
Existing positions increased: 320 | Existing positions reduced: 304
0.78% more ownership
Funds ownership: 93.92% → 94.71% (+0.78%)
7% less first-time investments, than exits
New positions opened: 83 | Existing positions closed: 89
1% less funds holding
Funds holding: 844 → 833 (-11)
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
60% less call options, than puts
Call options by funds: $114M | Put options by funds: $285M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$291M |
| 2 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$161M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$138M |
| 4 |
Barclays
London,
United Kingdom
|
+$134M |
| 5 |
JP Morgan Chase
New York
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$342M |
| 2 |
Two Sigma Investments
New York
|
-$120M |
| 3 |
PCM
Politan Capital Management
New York
|
-$83.2M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$74.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$66.6M |
CNC Hedge Fund Activity: Q2 2023 in Review
833 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q2 2023, worth a combined $35B — up 6.8% from $32.8B a quarter earlier.
Sellers outnumbered buyers: 89 funds closed out of CNC and 83 opened new positions — a net loss of 6 holders — while 304 trimmed existing stakes and 320 added.
The largest buyer was Norges Bank, adding an estimated $291M. The largest seller was Capital World Investors, cutting an estimated $342M.
- 833 institutional investors held Centene (CNC) as of Q2 2023, down from 844 in Q1 2023.
- Funds reported $35B of Centene stock for Q2 2023, up 6.8% quarter-over-quarter.
- 83 funds opened new Centene positions in Q2 2023 and 89 closed out, a net change of -6 holders.
- The largest Centene buyer in Q2 2023 was Norges Bank, an estimated $291M added.
- The largest Centene seller in Q2 2023 was Capital World Investors, an estimated $342M sold.
Based on aggregated 13F filings for Q2 2023.