Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cencora Inc (COR)

1K + Investors. Track Smart Money conviction in COR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -35
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — COR

Based on 1422 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their COR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
1,422 hedge funds hold COR right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+154 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

675 buying725 selling
Last quarter: 725 funds reduced or exited vs 675 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-90 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 182 → 135 → 230 → 140. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 20% medium ■ 16% new
915 out of 1,422 hedge funds have held COR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

195 → 182 → 135 → 230 → 140 new funds/Q
New funds entering each quarter: 182 → 135 → 230 → 140. A growing number of institutions are discovering COR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 12% 1-2yr ■ 20% new
Entry-cohort mix of 1,464 holders: 995 (68%) are 2+ year veterans, 171 entered 1–2 years ago, and 298 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
66 of 1415 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in COR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — COR

In 2026 Q1, 675 hedge funds were net buyers of COR (140 opened a new position, 535 added to an existing one), while 725 reduced or exited (550 trimmed, 175 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 58% of total institutional value in COR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -35 funds (more exits than new entries). Total institutional holders: 1422.

Hedge Fund Ownership: COR

How many hedge funds hold COR — quarterly history vs. share price
Quarterly hedge fund ownership of COR vs. share price

Market Analysis: COR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: COR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Cencora Inc (COR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much COR has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 85d ago
COR
-10.5%
XLV
+2.8%

COR outperformed XLV by -13.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
COR
+9.1%
XLV
+3.9%

Since the filing became public, COR outperformed XLV by +5.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

73 top-rated funds 7 high-conviction
Consensus
8.1
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: COR
1K + Investors

Track Smart Money conviction in COR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1409 1457 -3.29%
13F Shares 153M 183M -16.27%
Total Value $42.16B $59.16B -28.74%
New Positions 135 230 -95
Increased Positions 519 489 +30
Closed Positions 183 116 +67
Reduced Positions 534 532 +2
Total Calls 24 24 -
Total Puts 24 23 4.35%
PUT/CALL Ratio 1.0 0.96 Neutral

Statistics: COR

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in COR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 COR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Carmignac Gestion 5.32% 1,101,251 $345.9M
2 Sio Capital Management, LLC 4.55% 100,894 $31.7M
3 Cambridge Financial Group, Inc. 4.16% 35,392 $11.1M
4 ClearAlpha Technologies LP 3.99% 6,171 $1.9M
5 Cornerstone Investment Partners, LLC 3.59% 271,971 $85.4M
6 Birch Capital Management, LLC 3.41% 20,720 $6.5M
7 Ayrshire Capital Management LLC 3.28% 20,208 $6.3M
8 Delta Accumulation, LLC 2.85% 104,400 $32.8M
9 Mizuho Markets Americas LLC 2.47% 287,900 $90.4M
10 Aurdan Capital Management, LLC 2.47% 26,180 $8.2M
11 Edmp, INC. 2.29% 9,000 $2.8M
12 Lincoln Capital Corp 2.22% 19,201 $6.0M
13 Tremblant Capital Group 2.16% 213,513 $67.1M
14 Atle Fund Management AB 2.13% 23,470 $6.6M
15 Mawer Investment Management Ltd. 2.10% 1,031,163 $323.9M
16 Delta Accumulation, LLC 2.06% 75,400 $23.7M
17 Rhenman & Partners Asset Management AB 2.03% 52,375 $16.5M
18 Trajan Wealth LLC 1.94% 152,936 $48.0M
19 S&T Bank/Pa 1.90% 16,216 $5.1M
20 Contravisory Investment Management, INC. 1.86% 28,926 $9.1M
21 Quartz Partners, LLC 1.83% 15,083 $4.7M
22 Kesler, Norman & Wride, LLC 1.77% 32,760 $10.3M
23 Vista Investment Partners LLC 1.66% 19,974 $6.3M
24 Mattern Capital Management, LLC 1.58% 41,995 $13.2M
25 Valley Wealth Managers, INC. 1.56% 77,025 $24.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Cencora Inc (COR)

What does the Smart Money Trend signal show for COR?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their COR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for COR?

More sellers than buyers — 48% buying: Last quarter: 725 funds reduced or exited vs 675 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for COR holders?

Elite ownership — 58% AUM from top-100 funds: 66 of 1415 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in COR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held COR?

64% of holders stayed for 2+ years: 915 out of 1,422 hedge funds have held COR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Cencora Inc (COR) following the 2026 Q1 hedge fund 13F filings?

As of today, COR has moved +9.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.9% for the XLV sector ETF — an outperformance of +5.2%. Since the quarter end (March 31, 2026), COR has gained -10.5% vs +2.8% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →