SCHEDULE: FMR LLC Amends Centene Corp Passive Stake
Schedule 13G Amendment
FMR LLC and Abigail P. Johnson filed an amended Schedule 13G, reporting a 0.7% beneficial ownership in Centene Corp as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson are the reporting persons for this Schedule 13G Amendment No. 1.
- The filing reports beneficial ownership of Centene Corp's common stock.
- As of September 30, 2025, the aggregate amount beneficially owned by each reporting person is 3,345,475.62 shares.
- This represents 0.7% of the class of Centene Corp's common stock.
- FMR LLC holds sole voting power over 2,277,704.93 shares and sole dispositive power over 3,345,475.62 shares.
- Abigail P. Johnson holds sole dispositive power over 3,345,475.62 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Centene Corp.
Sentiment
Score: 5
Explanation: The filing is a factual, routine disclosure of beneficial ownership by an institutional investor and does not contain information that would significantly alter the sentiment towards the issuer, Centene Corp. It indicates a passive investment.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This filing is a disclosure of current beneficial ownership and does not provide any forward-looking statements or guidance regarding Centene Corp's future performance or operations.
Management Comments
- FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Centene Corp.
Industry Context
FMR LLC, as a major global asset management firm (Fidelity), routinely files Schedule 13G reports to disclose its passive investment stakes in publicly traded companies like Centene Corp, a healthcare enterprise. This filing reflects a standard portfolio management activity within the investment management industry.
Comparison to Industry Standards
- The filing of a Schedule 13G by a large institutional investor like FMR LLC is a standard regulatory compliance practice within the investment industry.
- A 0.7% passive stake in a company like Centene Corp is typical for a diversified institutional portfolio and does not indicate an activist position or significant concentration compared to larger, more influential stakes often held by activist funds or strategic investors.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director, Chairman, and Chief Executive Officer of FMR LLC | NA | Abigail P. Johnson | NA | Abigail P. Johnson's role at FMR LLC is noted in the filing as context for her beneficial ownership, not as a change in Centene Corp's management. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure (FMR LLC) | Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of its voting power. A shareholders' voting agreement ensures all Series B shares are voted in accordance with the majority vote, potentially forming a controlling group under the Investment Company Act of 1940. | NA | This describes the internal governance and control structure of FMR LLC, the reporting entity, and not Centene Corp. It provides context for the beneficial ownership reported. |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders of Centene Corp are informed of the passive institutional ownership stake held by FMR LLC and Abigail P. Johnson, providing transparency regarding the company's ownership structure.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC. |
| January 10, 2023 | Date of a previous Schedule 13G filing by FMR LLC, referenced for Power of Attorney accession number. |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| January 31, 2023 | Date of a previous Schedule 13G filing by FMR LLC, referenced for Abigail P. Johnson's Power of Attorney accession number. |
| September 30, 2025 | Date of event which requires filing of this statement (measurement date for beneficial ownership). |
| November 4, 2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Recommendation
holdThis Schedule 13G filing is a routine disclosure of a passive ownership stake by FMR LLC and Abigail P. Johnson in Centene Corp. It does not contain new operational, financial, or strategic information about Centene Corp that would warrant a change in investment recommendation. The 0.7% stake is not significant enough to imply a strong endorsement or concern, thus a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Centene Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.