Centene
930 hedge funds and large institutions have $39.8B invested in Centene in 2024 Q1 according to their latest regulatory filings, with 116 funds opening new positions, 383 increasing their positions, 297 reducing their positions, and 66 closing their positions.
76% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 66
36% more call options, than puts
Call options by funds: $196M | Put options by funds: $144M
29% more repeat investments, than reductions
Existing positions increased: 383 | Existing positions reduced: 297
4% more funds holding
Funds holding: 893 → 930 (+37)
3% more capital invested
Capital invested by funds: $38.5B → $39.8B (+$1.33B)
2.11% less ownership
Funds ownership: 97.06% → 94.95% (-2.1%)
40% less funds holding in top 10
Funds holding in top 10: 15 → 9 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$473M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$163M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$154M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$151M |
| 5 |
BlackRock
New York
|
+$113M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Swedbank
Stockholm,
Sweden
|
-$912M |
| 2 |
Morgan Stanley
New York
|
-$455M |
| 3 |
JP Morgan Chase
New York
|
-$259M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$170M |
| 5 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$118M |
CNC Hedge Fund Activity: Q1 2024 in Review
930 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q1 2024, worth a combined $39.8B — up 3.5% from $38.5B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new CNC positions and 66 closed out — a net gain of 50 holders — while 383 added to existing stakes and 297 trimmed.
The largest buyer was Harris Associates, adding an estimated $473M. The largest seller was Swedbank, exiting entirely with an estimated $912M sold.
- 930 institutional investors held Centene (CNC) as of Q1 2024, up from 893 in Q4 2023.
- Funds reported $39.8B of Centene stock for Q1 2024, up 3.5% quarter-over-quarter.
- 116 funds opened new Centene positions in Q1 2024 and 66 closed out, a net change of +50 holders.
- The largest Centene buyer in Q1 2024 was Harris Associates, an estimated $473M added.
- The largest Centene seller in Q1 2024 was Swedbank, an estimated $912M sold.
Based on aggregated 13F filings for Q1 2024.