Cliff Asness's CNC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 31.8 M shares of Centene Corporation (CNC) worth $1.31 B, representing 0.69% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in CNC, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2025, adding 17.14 M shares. Largest reduction occurred in Q2 2019, reducing 5.03 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Centene Corporation (CNC) Holding Value Over Time
Track share changes against reported price movement
Quarterly Centene Corporation (CNC) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +17.14 M | Add 116.98% | 31.8 M | $41.15 |
| Q3 2025 | +6.36 M | Add 76.59% | 14.65 M | $35.68 |
| Q2 2025 | -2.75 M | Reduce 24.90% | 8.3 M | $53.33 |
| Q1 2025 | +3.31 M | Add 42.71% | 11.05 M | $60.62 |
| Q4 2024 | +2.32 M | Add 42.78% | 7.74 M | $60.58 |
| Q3 2024 | +961,229 | Add 21.54% | 5.42 M | $74.36 |
| Q2 2024 | +832,318 | Add 22.93% | 4.46 M | $66.30 |
| Q1 2024 | +1.32 M | Add 57.34% | 3.63 M | $78.32 |
| Q4 2023 | +298,484 | Add 14.86% | 2.31 M | $73.89 |
| Q3 2023 | +471,462 | Add 30.68% | 2.01 M | $68.88 |
| Q2 2023 | +29,608 | Add 1.96% | 1.54 M | $67.09 |
| Q1 2023 | +922,161 | Add 157.69% | 1.51 M | $63.21 |
| Q4 2022 | +356,401 | Add 156.03% | 584,812 | $81.77 |
| Q3 2022 | +35,783 | Add 18.58% | 228,411 | $77.81 |
| Q2 2022 | +32,687 | Add 20.44% | 192,628 | $84.61 |
| Q1 2022 | +9,157 | Add 6.07% | 159,941 | $84.19 |
| Q4 2021 | -66,308 | Reduce 30.54% | 150,784 | $82.40 |
| Q3 2021 | -18,839 | Reduce 7.98% | 217,092 | $62.31 |
| Q2 2021 | -318,473 | Reduce 57.44% | 235,931 | $72.93 |
| Q1 2021 | +322,099 | Add 138.65% | 554,404 | $63.91 |
| Q4 2020 | -22,854 | Reduce 8.96% | 232,305 | $59.19 |
| Q3 2020 | +142,111 | Add 125.71% | 255,159 | $57.74 |
| Q2 2020 | -22,926 | Reduce 16.86% | 113,048 | $61.51 |
| Q1 2020 | +40,033 | Add 41.73% | 135,974 | $59.41 |
| Q4 2019 | -679,067 | Reduce 87.62% | 95,941 | $62.87 |
| Q3 2019 | +322,230 | Add 71.17% | 775,008 | $43.05 |
| Q2 2019 | -5.03 M | Reduce 91.74% | 452,778 | $51.81 |
| Q1 2019 | +582,198 | Add 11.88% | 5.48 M | $52.51 |
| Q4 2018 | +761,492 | Add 18.40% | 4.9 M | $57.65 |
| Q3 2018 | -2.83 M | Reduce 40.59% | 4.14 M | $72.39 |
| Q2 2018 | +1.55 M | Add 28.54% | 6.96 M | $62.57 |
| Q1 2018 | -1.79 M | Reduce 24.87% | 5.42 M | $53.43 |
| Q4 2017 | +577,738 | Add 8.71% | 7.21 M | $50.44 |
| Q3 2017 | -150,930 | Reduce 2.22% | 6.63 M | $48.39 |
| Q2 2017 | +2.61 M | Add 62.39% | 6.78 M | $39.94 |
| Q1 2017 | +2.17 M | Add 108.00% | 4.18 M | $35.63 |
| Q4 2016 | +1.38 M | Add 222.09% | 2.01 M | $28.26 |
| Q3 2016 | -442,978 | Reduce 41.53% | 623,570 | $33.48 |
| Q2 2016 | -177,968 | Reduce 14.30% | 1.07 M | $35.69 |
| Q1 2016 | -2.56 M | Reduce 67.33% | 1.24 M | $30.78 |
| Q4 2015 | -213,120 | Reduce 5.30% | 3.81 M | $32.90 |
| Q3 2015 | +1.95 M | Add 94.52% | 4.02 M | $27.12 |
| Q2 2015 | +957,922 | Add 86.32% | 2.07 M | $40.20 |
| Q1 2015 | +605,388 | Add 120.03% | 1.11 M | $35.35 |
| Q4 2014 | +168,076 | Add 49.98% | 504,356 | $25.96 |
| Q3 2014 | +227,200 | Add 208.29% | 336,280 | $20.68 |
| Q2 2014 | +34,000 | Add 45.29% | 109,080 | $18.90 |
| Q1 2014 | +9,600 | Add 14.66% | 75,080 | $15.56 |
| Q4 2013 | -116,000 | Reduce 63.92% | 65,480 | $14.74 |
| Q3 2013 | +57,236 | Add 46.07% | 181,480 | $15.99 |
| Q2 2013 | +124,244 | Add 0.00% | 124,244 | $13.11 |
| Q4 2012 | +58,644 | Add 0.00% | 58,644 | $10.25 |
Cliff Asness's Centene Corporation Investment FAQs
Cliff Asness first purchased Centene Corporation (CNC) in Q4 2012, acquiring 58,644 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Centene Corporation (CNC) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Centene Corporation (CNC) was in Q4 2025, adding 31,798,738 shares worth $1.31 B.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 31,798,738 shares of Centene Corporation (CNC), valued at approximately $1.31 B.
As of the Q4 2025 filing, Centene Corporation (CNC) represents approximately 0.69% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Centene Corporation (CNC) was 31,798,738 shares, as reported at the end of Q4 2025.