Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Centene Corp Del (CNC)

989 + 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
↑ +131
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — CNC

Based on 1000 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CNC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,000 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.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+135 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

580 buying440 selling
Last quarter: 580 funds bought or added vs 440 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+114 vs last Q)

new funds entering per quarter
Funds opening a new CNC position: 169 → 193 → 111 → 225. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 20% new
618 out of 1,000 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.
💰

Value +85% but shares only +6% — price-driven

Value
+84%
Shares
+5%
Last quarter: the total dollar value of institutional holdings rose +85%, but actual share count only changed +6%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~225 new funds/quarter

115 → 169 → 193 → 111 → 225 new funds/Q
New funds entering each quarter: 169 → 193 → 111 → 225. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 22% newcomers

■ 68% veterans ■ 10% 1-2yr ■ 22% new
Entry-cohort mix of 1,053 holders: 717 (68%) are 2+ year veterans, 107 entered 1–2 years ago, and 229 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
67 of 996 holders are among the 100 largest funds by AUM, controlling 60% 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.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 Q2, 580 hedge funds were net buyers of CNC (225 opened a new position, 355 added to an existing one), while 440 reduced or exited (346 trimmed, 94 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 60% of total institutional value in CNC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +131 funds (more new holders than closures). Total institutional holders: 1000.

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 Q2 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 June 30, 2026 · 87d ago
CNC
-2.0%
XLV
+7.3%

CNC outperformed XLV by -9.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 42d ago
CNC
-6.7%
XLV
+1.7%

Since the filing became public, CNC outperformed XLV by -8.4% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

32 top-rated funds 12 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
5.0
/ 10
conviction
Hedge Fund Positioning: CNC
989 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 989 869 13.81%
13F Shares 502M 519M -3.22%
Total Value $30.61B $16.97B 80.38%
New Positions 221 111 +110
Increased Positions 341 303 +38
Closed Positions 97 153 -56
Reduced Positions 331 344 -13
Total Calls 32 27 18.52%
Total Puts 25 22 13.64%
PUT/CALL Ratio 0.78 0.81 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) --
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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) --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

989 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Politan Capital Management LP 53.74% 2,135,210 $137.1M
2 Magarian Capital Management, LLC 13.77% 694,525 $44.6M
3 Kamunting Street Capital Management, L.P. 4.49% 125,000 $8.0M
4 Scharf Investments, LLC 3.50% 1,650,542 $105.9M
5 Stanley Capital Management, LLC 3.49% 409,722 $26.3M
6 Deerfield Management Company, L.P. 3.28% 4,901,000 $314.6M
7 Hara Capital LLC 2.75% 81,352 $5.2M
8 DME Capital Management, LP 2.71% 1,651,150 $106.0M
9 Kopernik Global Investors, LLC 2.54% 646,716 $41.5M
10 Daytona Street Capital LLC 2.51% 51,516 $3.4M
11 Focused Investors LLC 2.42% 1,117,750 $71.7M
12 Long Focus Capital Management, LLC 2.38% 1,450,000 $93.1M
13 Sector Gamma As 2.26% 162,405 $10.4M
14 Glenview Capital Management, LLC 2.20% 1,886,055 $121.1M
15 Kennondale Capital Management LLC 2.09% 48,978 $3.1M
16 Lyrical Asset Management LP 1.99% 2,449,957 $157.3M
17 Pine Valley Investments Ltd Liability Co 1.94% 764,100 $49.0M
18 Cambiar Investors LLC 1.89% 677,251 $43.5M
19 Blue Capital, Inc. 1.78% 43,606 $2.8M
20 Board of the Pension Protection Fund 1.77% 29,000 $1.9M
21 Maple Rock Capital Partners Inc. 1.74% 1,381,879 $88.7M
22 Running Oak Capital LLC 1.68% 153,171 $9.8M
23 Knightsbridge Asset Management, LLC 1.56% 270,433 $11.1M
24 Rhenman & Partners Asset Management AB 1.48% 244,000 $15.7M
25 Redwood Capital Management, LLC 1.44% 208,500 $13.4M
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CNC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CNC?

Slight buying edge — 57% buying: Last quarter: 580 funds bought or added vs 440 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CNC holders?

Elite ownership — 60% AUM from top-100 funds: 67 of 996 holders are among the 100 largest funds by AUM, controlling 60% 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?

62% of holders stayed for 2+ years: 618 out of 1,000 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 Q2 hedge fund 13F filings?

As of today, CNC has moved -6.7% since the 2026 Q2 13F filing date (August 14, 2026), compared to +1.7% for the XLV sector ETF — an outperformance of -8.4%. Since the quarter end (June 30, 2026), CNC has gained -2.0% vs +7.3% 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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