Cencora
692 hedge funds and large institutions have $11.4B invested in Cencora in 2016 Q4 according to their latest regulatory filings, with 106 funds opening new positions, 207 increasing their positions, 303 reducing their positions, and 82 closing their positions.
29% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 82
2% more funds holding
Funds holding: 679 → 692 (+13)
1.75% more ownership
Funds ownership: 64.97% → 66.72% (+1.7%)
7% less capital invested
Capital invested by funds: $12.3B → $11.4B (-$887M)
13% less call options, than puts
Call options by funds: $123M | Put options by funds: $141M
32% less repeat investments, than reductions
Existing positions increased: 207 | Existing positions reduced: 303
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$304M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$182M |
| 3 |
Neuberger Berman Group
New York
|
+$159M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$94.8M |
| 5 |
MG
Meritage Group
San Francisco,
California
|
+$92.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$423M |
| 2 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$172M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$100M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$82.7M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$76.8M |
COR Hedge Fund Activity: Q4 2016 in Review
692 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Cencora (COR) for Q4 2016, worth a combined $11.4B — down 7.2% from $12.3B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new COR positions and 82 closed out — a net gain of 24 holders — while 207 added to existing stakes and 303 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $304M. The largest seller was Morgan Stanley, cutting an estimated $423M.
- 692 institutional investors held Cencora (COR) as of Q4 2016, up from 679 in Q3 2016.
- Funds reported $11.4B of Cencora stock for Q4 2016, down 7.2% quarter-over-quarter.
- 106 funds opened new Cencora positions in Q4 2016 and 82 closed out, a net change of +24 holders.
- The largest Cencora buyer in Q4 2016 was Vulcan Value Partners, an estimated $304M added.
- The largest Cencora seller in Q4 2016 was Morgan Stanley, an estimated $423M sold.
Based on aggregated 13F filings for Q4 2016.