Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Centene Corp Del (CNC)

860 + Investors. Track Smart Money conviction in CNC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -44
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — CNC

Based on 866 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
866 hedge funds hold CNC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding CNC is almost the same as a year ago (-19 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 46% buying

432 buying504 selling
Last quarter: 504 funds reduced or exited vs 432 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-83 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 113 → 169 → 193 → 110. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 18% new
555 out of 866 hedge funds have held CNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -2%, value -25%

Value
-24%
Shares
-2%
Last quarter: funds added -2% more shares while total portfolio value only changed -25%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~110 new funds/quarter

132 → 113 → 169 → 193 → 110 new funds/Q
New funds entering each quarter: 113 → 169 → 193 → 110. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 69% veterans vs 21% newcomers

■ 69% veterans ■ 10% 1-2yr ■ 21% new
Entry-cohort mix of 908 holders: 628 (69%) are 2+ year veterans, 87 entered 1–2 years ago, and 193 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
63 of 859 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in CNC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CNC

In 2026 Q1, 432 hedge funds were net buyers of CNC (110 opened a new position, 322 added to an existing one), while 504 reduced or exited (350 trimmed, 154 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 46% of total institutional value in CNC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -44 funds (more exits than new entries). Total institutional holders: 866.

Hedge Fund Ownership: CNC

How many hedge funds hold CNC — quarterly history vs. share price
Quarterly hedge fund ownership of CNC vs. share price

Market Analysis: CNC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CNC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Centene Corp Del (CNC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CNC has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
CNC
+85.2%
XLV
+2.1%

CNC outperformed XLV by +83.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
CNC
+4.1%
XLV
+3.2%

Since the filing became public, CNC outperformed XLV by +0.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

56 top-rated funds 7 high-conviction
Consensus
7.6
/ 10
breadth
×
Elite
5.6
/ 10
conviction
Hedge Fund Positioning: CNC
860 + Investors

Track Smart Money conviction in CNC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 860 910 -5.49%
13F Shares 492M 506M -2.66%
Total Value $15.38B $20.52B -25.03%
New Positions 107 193 -86
Increased Positions 302 332 -30
Closed Positions 157 122 +35
Reduced Positions 340 289 +51
Total Calls 27 36 -25.0%
Total Puts 22 25 -12.0%
PUT/CALL Ratio 0.81 0.69 Neutral

Statistics: CNC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

860 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CNC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CNC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Politan Capital Management LP 7.20% 2,164,710 $70.9M
2 Kopernik Global Investors, LLC 5.75% 2,517,106 $82.4M
3 Kamunting Street Capital Management, L.P. 3.04% 170,000 $5.6M
4 DME Capital Management, LP 2.80% 2,731,810 $89.4M
5 Glenview Capital Management, LLC 2.64% 3,213,646 $105.2M
6 Deerfield Management Company, L.P. 2.29% 5,917,091 $193.7M
7 Amitell Capital Pte Ltd 2.26% 43,127 $1.4M
8 Knightsbridge Asset Management, LLC 1.79% 270,433 $11.1M
9 Hara Capital LLC 1.78% 109,001 $3.6M
10 Stanley Capital Management, LLC 1.78% 324,722 $10.6M
11 Scharf Investments, LLC 1.73% 1,719,026 $56.3M
12 Long Focus Capital Management, LLC 1.66% 1,928,000 $63.1M
13 Daytona Street Capital LLC 1.58% 60,771 $2.1M
14 Pine Valley Investments Ltd Liability Co 1.52% 1,010,459 $33.1M
15 Cambiar Investors LLC 1.47% 966,786 $31.7M
16 Focused Investors LLC 1.31% 1,233,150 $40.4M
17 Lyrical Asset Management LP 1.26% 2,532,698 $82.9M
18 Sector Gamma As 1.26% 162,405 $5.3M
19 Kennondale Capital Management LLC 1.16% 48,978 $1.6M
20 Easterly Investment Partners LLC 1.10% 441,637 $14.4M
21 Factorial Partners, LLC 1.02% 43,000 $1.4M
22 Integral Health Asset Management, LLC 1.02% 650,000 $21.3M
23 Redwood Capital Management, LLC 1.01% 208,500 $6.8M
24 Twinbeech Capital LP 0.91% 269,331 $8.8M
25 Lecap Asset Management Ltd 0.82% 66,781 $2.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Centene Corp Del (CNC)

What does the Smart Money Trend signal show for CNC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CNC?

More sellers than buyers — 46% buying: Last quarter: 504 funds reduced or exited vs 432 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CNC holders?

Elite ownership — 46% AUM from top-100 funds: 63 of 859 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in CNC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CNC?

64% of holders stayed for 2+ years: 555 out of 866 hedge funds have held CNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Centene Corp Del (CNC) following the 2026 Q1 hedge fund 13F filings?

As of today, CNC has moved +4.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.2% for the XLV sector ETF — an outperformance of +0.9%. Since the quarter end (March 31, 2026), CNC has gained +85.2% vs +2.1% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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