Centene
931 hedge funds and large institutions have $40.7B invested in Centene in 2024 Q1 according to their latest regulatory filings, with 116 funds opening new positions, 384 increasing their positions, 296 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
30% more repeat investments, than reductions
Existing positions increased: 384 | Existing positions reduced: 296
7% more capital invested
Capital invested by funds: $38.1B → $40.7B (+$2.66B)
4% more funds holding
Funds holding: 894 → 931 (+37)
1.1% more ownership
Funds ownership: 96.02% → 97.12% (+1.1%)
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 |
JP Morgan Chase
New York
|
-$259M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$170M |
| 3 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$118M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$94.3M |
| 5 |
Goldman Sachs
New York
|
-$86.6M |
CNC Hedge Fund Activity: Q1 2024 in Review
931 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q1 2024, worth a combined $40.7B — up 7% from $38.1B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new CNC positions and 66 closed out — a net gain of 50 holders — while 384 added to existing stakes and 296 trimmed.
The largest buyer was Harris Associates, adding an estimated $473M. The largest seller was JP Morgan Chase, cutting an estimated $259M.
- 931 institutional investors held Centene (CNC) as of Q1 2024, up from 894 in Q4 2023.
- Funds reported $40.7B of Centene stock for Q1 2024, up 7% 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 JP Morgan Chase, an estimated $259M sold.
Based on aggregated 13F filings for Q1 2024.