Cencora Inc (COR) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $20.7B

COR ranks #288 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

COR is a top-conviction position for Carmignac Gestion — at 6.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in COR belongs to BlackRock, Inc., but the position matters far more to Carmignac Gestion, who has 6.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Fort Washington Investment Advisors Inc /oh/ has added to its COR position for two straight quarters, increasing it by $126.1M to reach $129.6M today.

Fjarde Ap-fonden /fourth Swedish National Pension Fund has trimmed its COR position for two straight quarters, cutting it by $12.8M while still holding $45.9M.

COR is down 0.1% today, but institutions show net buying of $20.7B this quarter — a divergence between today's price move and the underlying institutional flow.

COR posted net income of $2.6B over the trailing twelve months, and currently trades at a P/E of 25.4.

• Profitable — net income of $2.6B over the trailing twelve months
• Revenue grew 5.1% year over year
• Net income improved year over year, from $1.9B to $2.6B
• Generated $3.9B in positive operating cash flow
• Current ratio of 0.90x — below the conventional 1.5x liquidity buffer
• Liabilities run x equity — a highly leveraged balance sheet worth noting