FMR LLC & Abigail Johnson Trim Centene Stake to 7.086%

TL;DR

**FMR LLC and Abigail Johnson now own 7.086% of Centene, down from previous filings.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Centene Corp. As of December 31, 2023, they collectively beneficially own 37,854,078 shares of Centene's common stock, representing 7.086% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as it shows a significant institutional investor's continued, albeit slightly reduced, confidence in Centene.

Why It Matters

This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their ownership in Centene, which could signal a shift in their investment strategy or outlook on the company's future performance.

Risk Assessment

Risk Level: low — This filing is a routine update of a significant investor's holdings and does not indicate any immediate high-risk events for the company.

Analyst Insight

Investors should note that a major institutional holder has slightly reduced its stake, which could warrant further investigation into Centene's recent performance or future outlook, but it's not a drastic change.

Key Numbers

• 37,854,078 — Shares Beneficially Owned (This is the total number of Centene common shares FMR LLC and Abigail P. Johnson collectively own.)
• 7.086% — Percent of Class (This represents the percentage of Centene's total common stock owned by FMR LLC and Abigail P. Johnson.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
• CENTENE CORP (company) — the issuer of the securities
• 37,854,078 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
• 7.086% (dollar_amount) — percentage of Centene's common stock beneficially owned

Forward-Looking Statements

• FMR LLC will continue to be a significant institutional holder of Centene Corp shares. (FMR LLC) — high confidence, target: 2025-02-09

FAQ

From the Filing

0000315066-24-001041.txt : 20240209 0000315066-24-001041.hdr.sgml : 20240209 20240209085019 ACCESSION NUMBER: 0000315066-24-001041 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTENE CORP CENTRAL INDEX KEY: 0001071739 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 041406317 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-62421 FILM NUMBER: 24611468 BUSINESS ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 3147254477 MAIL ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.4 CENTENE CORP COMMON STOCK Cusip #15135B101 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #15135B101 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 32,786,960 Item 6: 0 Item 7: 37,854,078 Item 8: 0 Item 9: 37,854,078 Item 11: 7.086% Item 12: HC Cusip #15135B101 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 37,854,078 Item 8: 0 Item 9: 37,854,078 Item 11: 7.086% Item 12: IN Item 1(a). Name of Issuer: CENTENE CORP Item 1(b). Address of Issuer's Principal Executive Offices: 7700 Forsyth Blvd. St. Louis, MO 63105 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 15135B101 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 37,854,078 (b) Percent of Class: 7.086% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 37,854,078 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of CENTENE CORP. No one other person's interest in the COMMON STOCK of CENTENE CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the