Centene
913 hedge funds and large institutions have $19.6B invested in Centene in 2025 Q4 according to their latest regulatory filings, with 188 funds opening new positions, 340 increasing their positions, 289 reducing their positions, and 104 closing their positions.
81% more first-time investments, than exits
New positions opened: 188 | Existing positions closed: 104
65% more call options, than puts
Call options by funds: $938M | Put options by funds: $568M
20% more capital invested
Capital invested by funds: $16.4B → $19.6B (+$3.24B)
18% more repeat investments, than reductions
Existing positions increased: 340 | Existing positions reduced: 289
8% more funds holding
Funds holding: 849 → 913 (+64)
3.42% more ownership
Funds ownership: 93.54% → 96.96% (+3.4%)
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$642M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$92.5M |
| 3 |
Holocene Advisors
New York
|
+$88.3M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$86.8M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$70.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Politan Capital Management
New York
|
-$195M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$103M |
| 3 |
DM
Deerfield Management
New York
|
-$97.3M |
| 4 |
D.E. Shaw & Co
New York
|
-$85.4M |
| 5 |
Two Sigma Advisers
New York
|
-$84.1M |
CNC Hedge Fund Activity: Q4 2025 in Review
913 institutional investors reported a position in Centene (CNC) for Q4 2025, worth a combined $19.6B — up 20% from $16.4B a quarter earlier.
Buyers outnumbered sellers: 188 funds opened new CNC positions and 104 closed out — a net gain of 84 holders — while 340 added to existing stakes and 289 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $642M. The largest seller was Politan Capital Management, cutting an estimated $195M.
- 913 institutional investors held Centene (CNC) as of Q4 2025, up from 849 in Q3 2025.
- Funds reported $19.6B of Centene stock for Q4 2025, up 20% quarter-over-quarter.
- 188 funds opened new Centene positions in Q4 2025 and 104 closed out, a net change of +84 holders.
- The largest Centene buyer in Q4 2025 was AQR Capital Management, an estimated $642M added.
- The largest Centene seller in Q4 2025 was Politan Capital Management, an estimated $195M sold.
Based on aggregated 13F filings for Q4 2025.