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Centene
CNC

847 hedge funds and large institutions have $16.4B invested in Centene in 2025 Q3 according to their latest regulatory filings, with 168 funds opening new positions, 333 increasing their positions, 265 reducing their positions, and 179 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more funds holding in top 10

Funds holding in top 10: 7 → 17 (+10)

26% more repeat investments, than reductions

Existing positions increased: 333 | Existing positions reduced: 265

18% more call options, than puts

Call options by funds: $878M | Put options by funds: $745M

6% less first-time investments, than exits

New positions opened: 168 | Existing positions closed: 179

3% less funds holding

Funds holding: 870 → 847 (-23)

2.98% less ownership

Funds ownership: 96.52% → 93.54% (-3%)

37% less capital invested

Capital invested by funds: $26B → $16.4B (-$9.58B)

Holders
847
Holders Change
-23
Holders Change %
-2.64%
% of All Funds
11.12%
Holding in Top 10
17
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+142.86%
% of All Funds
0.22%
New
168
Increased
333
Reduced
265
Closed
179
Calls
$878M
Puts
$745M
Net Calls
+$133M
Net Calls Change
+$249M

Top Buyers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$234M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$192M
3
DM
Deerfield Management
New York
+$177M
4
Citadel Advisors
Citadel Advisors
Florida
+$160M
5
8KM
8 Knots Management
Texas
+$158M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$712M
2
Capital World Investors
Capital World Investors
California
-$419M
3
Harris Associates
Harris Associates
Illinois
-$341M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$156M
5
DPL
Danica Pension Livsforsikrings
-$74.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.03B -$48.6M -1,608,186 -3%
BlackRock
2
BlackRock
New York
$1.62B +$4.16M +137,569 +0.3%
State Street
3
State Street
Massachusetts
$763M -$54M -1,789,418 -8%
AQR Capital Management
4
AQR Capital Management
Connecticut
$523M +$192M +6,356,152 +77%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$455M -$19.2M -634,424 -5%
D.E. Shaw & Co
6
D.E. Shaw & Co
New York
$379M +$234M +7,757,543 +270%
Invesco
7
Invesco
Georgia
$378M -$33.8M -1,120,654 -10%
Harris Associates
8
Harris Associates
Illinois
$326M -$341M -11,290,787 -55%
DM
9
Deerfield Management
New York
$323M +$177M +5,860,630 +184%
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$311M +$63.8M +2,111,674 +32%
Morgan Stanley
11
Morgan Stanley
New York
$300M +$76.9M +2,546,310 +44%
PCM
12
Politan Capital Management
New York
$264M -$19.2M -634,171 -8%
Ameriprise
13
Ameriprise
Minnesota
$260M +$56.8M +1,881,041 +35%
Citadel Advisors
14
Citadel Advisors
Florida
$221M +$160M +5,283,375 +577%
Charles Schwab
15
Charles Schwab
California
$217M +$58.1M +1,924,410 +46%
8KM
16
8 Knots Management
Texas
$187M +$158M +5,231,550 New
Boston Partners
17
Boston Partners
Massachusetts
$186M +$38.4M +1,272,498 +32%
Millennium Management
18
Millennium Management
New York
$182M +$87.4M +2,894,209 +131%
Northern Trust
19
Northern Trust
Illinois
$178M -$2.49M -82,427 -2%
UBS AM
20
UBS AM
Illinois
$175M -$6.15M -203,502 -4%
T. Rowe Price Associates
21
T. Rowe Price Associates
Maryland
$168M +$120M +3,975,957 +550%
Legal & General Group
22
Legal & General Group
United Kingdom
$159M +$9.77M +323,473 +8%
Two Sigma Advisers
23
Two Sigma Advisers
New York
$159M +$35.4M +1,173,416 +36%
LSV Asset Management
24
LSV Asset Management
Illinois
$158M -$3.89M -128,839 -3%
Deutsche Bank
25
Deutsche Bank
Germany
$153M +$49.9M +1,650,450 +62%
1
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CNC Hedge Fund Activity: Q3 2025 in Review

847 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Centene (CNC) for Q3 2025, worth a combined $16.4B — down 37% from $26B a quarter earlier.

Sellers outnumbered buyers: 179 funds closed out of CNC and 168 opened new positions — a net loss of 11 holders — while 265 trimmed existing stakes and 333 added.

The largest buyer was D.E. Shaw & Co, adding an estimated $234M. The largest seller was Fidelity Investments, cutting an estimated $712M.

  • 847 institutional investors held Centene (CNC) as of Q3 2025, down from 870 in Q2 2025.
  • Funds reported $16.4B of Centene stock for Q3 2025, down 37% quarter-over-quarter.
  • 168 funds opened new Centene positions in Q3 2025 and 179 closed out, a net change of -11 holders.
  • The largest Centene buyer in Q3 2025 was D.E. Shaw & Co, an estimated $234M added.
  • The largest Centene seller in Q3 2025 was Fidelity Investments, an estimated $712M sold.

Based on aggregated 13F filings for Q3 2025.