Indivisible Partners 13F: Adds $4.8M to Centene (CNC) Stake
Key Points
- Indivisible Partners added 76,660 shares of Centene, raising its total holdings to 80,447 shares valued at approximately $4.99 million.
- Centene's stock closed at $68.03 on October 26, 2026, and recently traded around $68.80, about 1.1% above the event close.
- The fund's new position accounts for 1.15% of its total reported value of $433.6 million, ranking 26th among its 745 holdings.
Since the filing, $CNC is up 1.0% to date (from the $68.03 close on Oct 26, 2026).
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Indivisible Partners boosted its position in Centene Corporation (CNC) by 76,660 shares in a filing on October 26, 2026. This increase brings its total holdings to 80,447 shares, valued at approximately $4.99 million.
CNC
Centene Corporation
Indivisible Partners vs. the S&P 500
Hypothetical returns from Indivisible Partners's disclosed trades, not real profit or advice. How we model this.
What Changed in Indivisible Partners' Centene Position
Indivisible Partners added 76,660 shares, growing its stake by 2024.29% from 3,787 shares. This increase reflects a significant investment in Centene, a managed care company serving under-insured families and organizations across the U.S.
Where Centene Fits in Indivisible Partners' Portfolio
Centene now represents 1.15% of Indivisible Partners' total reported value, ranking 26th out of 745 positions.
Other Institutional Activity in Centene
Trexquant Investment grew its holdings by 803,182 shares, ending with 1,475,466 shares worth about $94.7 million. Ameriprise Financial added 2,291,035 shares, bringing its total to 12,419,397 shares valued at approximately $853.3 million. Conversely, AQR Capital Management reduced its stake by 4,934,404 shares, now holding 28,678,701 shares valued at about $1.97 billion.
Centene Corporation Stock Down 2.0%
Centene shares closed at $68.03 on October 26, 2026, and recently traded around $68.80, which is about 1.1% above the event close. The stock is currently above its 50-day moving average by 4.5% and its 200-day moving average by 25.3%, indicating a strong performance overall.
Recent Earnings
For the trailing twelve months, Centene reported revenue of approximately $180.3 billion, but it faced a net margin of -2.8% and a return on equity of -20.4%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
9 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 56.4%. Revenue beat estimates by 4.0%.
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Profit surprise
EBITDA beat by 54 percent. Operating income beat by 35 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 upgrades, 9 target raises, 1 target cut.
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Earnings quality
Gross margin up 10.7 points. Positive free cash flow.
Earnings Call Summary
Centene delivered strong first quarter results with adjusted earnings per share of $3.37, beating expectations by $1.52. Medicaid outperformed with a 93.1 percent health benefit ratio, up 50 basis points from prior year, driven by trend management initiatives and favorable flu season. Medicare Advantage and Part D both exceeded expectations. Marketplace membership is about 3.6 million with higher acuity Silver tier members expected to receive meaningful risk adjustment offsets later in the year.
Guidance Centene raised full year adjusted earnings per share guidance to greater than $3.40, up from greater than $3.00. The company added $1 billion to premium revenue guidance, largely from Texas Medicaid. Management expects Medicaid membership down about 6 percent year to date, with composite rate yield around 4.5 percent and full year health benefit ratio range of 90.9 percent to 91.7 percent unchanged.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Insider Buying and Selling at Centene Corporation
Insider Kenneth A. Burdick, a Director, sold 80,000 shares at an average price of $64.55 on June 10, 2026, totaling about $5.16 million. General Counsel Christopher A. Koster sold 47,603 shares at $65.36 on August 18, 2026, valued at approximately $3.11 million, and later sold another 56,500 shares at $66.90 on August 26, 2026, worth about $3.78 million.
Analysts Set New Price Targets
On July 29, 2026, Barclays maintained an Overweight rating with a target price of $80.00, while Baird maintained a Neutral rating with a target of $66.00. Bernstein also kept an Outperform rating with a target of $79.00 on August 3, 2026. The consensus recommendation for Centene is a buy, with a mean price target of $71.78 from 18 analysts.
About Centene Corporation
Centene Corporation is a managed care company based in Saint Louis, MO, that provides healthcare programs and services to under-insured families and commercial organizations in the United States. The company operates in various segments, including Medicaid, Medicare, and Commercial.
Bottom Line
Investors should keep an eye on Centene's upcoming earnings report and any further filings from major stakeholders like Indivisible Partners. The current share price suggests potential for growth, especially with recent institutional support.
Related Filing Alerts
Source: Indivisible Partners's 13F filing on $CNC (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts