CNC · Financials · Insurer · FY2025 filings ·
Scored by the financial-sector model
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Nov 2, 2026.
161 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.
Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (7 versus 2). The filing codes alone do not establish that every such row arose from a compensation plan.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
| Insider | Shares owned after | Date | Filing detail | ||||
|---|---|---|---|---|---|---|---|
| Carson Michael AGroup President, Medicare&Spec | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 7,130 | $70.16 | $500,241 | 115,752 | Oct 15, 2026 | 1 filed lot
|
| Tyler Lauren MDirector | Grant, award, or other acquisition (A)Table I · Acquired · Common Stock | 482 | —Grant, award, or other acquisition (A) | — | 3,698 | Sep 30, 2026 | 1 filed lot
|
| TANJI KENNETHDirector | Grant, award, or other acquisition (A)Table I · Acquired · Common Stock | 603 | —Grant, award, or other acquisition (A) | — | 13,093 | Sep 30, 2026 | 1 filed lot
|
| Samuels Theodore R. IIDirector | Grant, award, or other acquisition (A)Table I · Acquired · Common Stock | 583 | —Grant, award, or other acquisition (A) | — | 25,795.979 | Sep 30, 2026 | 1 filed lot
|
| EPPINGER FREDERICK HDirector | Grant, award, or other acquisition (A)Table I · Acquired · Common Stock | 864 | —Grant, award, or other acquisition (A) | — | 370,401.658 | Sep 30, 2026 | 1 filed lot
|
| COUGHLIN CHRISTOPHER JDirector | Grant, award, or other acquisition (A)Table I · Acquired · Common Stock | 583 | —Grant, award, or other acquisition (A) | — | 19,293.926 | Sep 30, 2026 | 1 filed lot
|
| PIENKOS THEODORE JCorporate Controller & CAO | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 1,092 | $69.41 | $75,796 | 28,751.493 | Sep 15, 2026 | 1 filed lot
|
| KOSTER CHRISTOPHERSecretary & General Counsel | Open-market or private sale (S)Table I · Disposed · Common Stock | 56,500 | $66.90 | $3,779,850 | 248,853.991 | Aug 26, 2026 | 1 filed lot
|
| KOSTER CHRISTOPHERSecretary & General Counsel | Open-market or private sale (S)Table I · Disposed · Common Stock | 47,603 | $65.36 | $3,111,332 | 305,353.991 | Aug 18, 2026 | 1 filed lot
|
Source-event as of . Retrieved .
Flagship explainer
CENTENE CORPORATION's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| Income before tax | −$6.7B | Unavailable |
|
| Income tax | −$51M | Unavailable |
|
| −$6.7B | Unavailable |
|
Flagship explainer
CENTENE CORPORATION's filing tags don't support a full breakdown — here's what is filed:
| Filed line | Value | % of assets | Source |
|---|---|---|---|
| Total assets | $76.7B | 100% |
|
| Current assets | $40.4B | 53% |
|
| Cash and equivalents | $17.9B | 23% |
|
| Property, plant and equipment | $2.0B | 3% |
|
| Goodwill | $10.8B | 14% |
|
| Deferred tax assets | $914M | 1% |
|
| Other non-current assets | $528M | 1% |
|
| Operating lease right-of-use assets | $317M | 0% |
|
| Total liabilities | $56.7B | 74% |
|
| Current liabilities | $36.7B | 48% |
|
| $17.4B | 23% |
| |
| Stockholders’ equity | $20.0B | 26% |
|
Flagship explainer
ROE is five filed business factors multiplied together.
| Input | Value | Fiscal year | Source |
|---|---|---|---|
| −$6.7B | FY2025 |
| |
| Income before tax | −$6.7B | FY2025 |
|
| Operating income | −$7.6B | FY2025 |
|
| $174.6B | FY2025 |
| |
| Ending assets | $76.7B | FY2025 |
|
| Beginning assets | $82.4B | FY2024 |
|
| $20.0B | FY2025 |
| |
| $26.4B | FY2024 |
|
Flagship explainer
CENTENE CORPORATION’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:
| Filed line | Value | % of cash from operations | Source |
|---|---|---|---|
| Cash from operations | $5.1B | 100% |
|
| Depreciation and amortization | $1.3B | 25% |
|
| Share-based compensation | $204M | 4% |
|
| Cash from investing | $472M | 9% |
|
| Cash from financing | −$1.6B | −32% |
|
| Exchange-rate effect | $0 | 0% |
|
| Net change in cash | $3.9B | 77% |
|
Curated 19-manager tier
Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.
2 holding0 exited16 not holding18/19 resolved1 not retrieved
| Manager | Reported position | Quarter-over-quarter | Filing accession |
|---|---|---|---|
| Oakmark / Harris Associates | 11,124,640 shares$714M · 1% of eligible reported 13F | Trimmed · -2,969,891 shares (−21%) |
|
| Tweedy, Browne | 25,121 shares$1.6M · 0% of eligible reported 13F | Added to position · +6,166 shares (33%) |
|
| Abrams Capital | No position reported | No position reported |
|
| Akre Capital | No position reported | No position reported |
|
| Baupost Group | No position reported | No position reported |
|
| Berkshire Hathaway | No position reported | No position reported |
|
| Brave Warrior Advisors | No position reported | No position reported |
|
| Dodge & Cox | No position reported | No position reported |
|
| First Eagle | No position reported | No position reported |
|
| Fundsmith | No position reported | No position reported |
|
| Gardner Russo & Quinn | No position reported | No position reported |
|
| Gates Foundation Trust | No position reported | No position reported |
|
| Mairs & Power | No position reported | No position reported |
|
| Markel / Markel-Gayner | No position reported | No position reported |
|
| Polen Capital | No position reported | No position reported |
|
| Sequoia / Ruane Cunniff | No position reported | No position reported |
|
| Southeastern Asset Management | No position reported | No position reported |
|
| Yacktman Asset Management | No position reported | No position reported |
|
| Pershing Square | Not retrieved | Comparison not retrieved | Filing not retrieved |
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Flagship explainer
Records still being gathered — partial as of retrieval Nov 2, 2026.
Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.
Median ROE 10.1% on average equity, above the 10% hurdle in 56% of 9 years.
Q3 scored 2 evidenced ratios equally.
Profitable in 90% of 10 years, ROE volatile.
Not scored for this company
Scored 3 of 4 applicable components (carrier model); weights renormalized over the scored set.
The 15-year revenue, margin, and ROIC series is built for the operating model’s lens and isn’t published for banks and insurers — a balance-sheet business is read through the components above, not through operating-company margins.
| Reading | ||
|---|---|---|
| Aug 3, 2026 | 55 | |
| Jul 26, 2026 | 55 | |
| Jul 26, 2026 | 55 | |
Append-only — readings are added, never rewritten. Only readings on the same methodology version (moat-index-financials@1.0.0) are comparable; a change across versions is a scoring change, not a company event.