
What smart money is saying about Cencora
3 funds in our archive have pitched Cencora — most recently Alpha Wealth Fund The Insiders Fund in July 2026.
Cencora, Inc. functions as a global leader in the sourcing and distribution of pharmaceutical products, with operations spanning both the United States and international markets. Within its U.S. Healthcare Solutions segment, the company supplies a broad spectrum of pharmaceutical items, including generic and injectable medications, over-the-counter health products, and home healthcare equipment. Its extensive client network includes acute care hospitals, health systems, a variety of retail and mail-order pharmacies (independent, chain, long-term care), medical clinics, and other healthcare providers. This division also manages the distribution of crucial specialized pharmaceutical products like plasma, blood derivatives, and vaccines. Beyond product supply, Cencora offers comprehensive support services, such as pharmacy management, staffing solutions, and strategic consulting. It develops and implements supply management software, provides packaging services for both institutional and retail healthcare settings, and assists with clinical trial support, post-market approval processes, and commercialization strategies. For biotechnology and pharmaceutical manufacturers, the company delivers data analytics, outcomes research, and other specialized services. Furthermore, Cencora serves the animal health market, providing pharmaceuticals, vaccines, parasiticides, diagnostics, and micro feed ingredients for both companion and production animals. It also offers sales force support to manufacturers and specialized services to medical professionals, particularly oncologists, as well as to hospitals and dialysis clinics. The International Healthcare Solutions division concentrates on global pharmaceutical wholesale activities, associated services, and worldwide commercialization support. It ensures the efficient distribution of medicines, various healthcare goods, and related services to an international customer base comprising pharmacies, doctors, health centers, and hospitals. This segment also delivers specialized transportation and logistics solutions specifically designed for the biopharmaceutical sector. Founded in 1871, the company was formerly known as AmerisourceBergen Corporation before adopting the name Cencora, Inc. in August 2023. Its corporate headquarters are situated in Conshohocken, Pennsylvania.
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Position history
Between Q2 2025 and Q3 2026, 5 fund letters reported a position in Cencora — 2 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 1 |
| Q2 2026 | 3 | 1 | 1 | 0 |
| Q1 2026 | 1 | 1 | 0 | 0 |
| Q2 2025 | 0 | 0 | 0 | 2 |
Fund activity · 5 positions · 3 moves
- July 2026
“9.Cencora Group (COR) ● Business: formerly known as AmerisourceBergen, is a top-tier global pharmaceutical solutions leader and a top 10 Fortune 500 company.”
Cencora - June 2026
“In addition to ROBLOX and Insulet, we also ended our investment campaign in Cencora during the quarter. Cencora is a major drug distributor across branded, generic and specialty drugs. We exited the position as the profit cycle matured and recent results suggested that the strongest period of earnings momentum is likely behind the company.”
Cencora - AddedLatitude Global FundJune 2026
“In May, Cencora reported earnings. The company has generated fundamental value growth (earnings per share + dividends) of 15% per year for the past five and ten years, and our research suggests this will continue. On their earnings call, the company noted a 2% miss in recent earnings estimates, while simultaneously increasing guidance for the full year by about 2%. The shares fell 20% to 12.5x PE. We added substantially to the position that day at $250 per share.”
Cencora - June 2026
“Cencora, Inc. 2.10”
Cencora - March 2026
“Cencora Inc. sources and distributes pharmaceutical products. Reported mixed fiscal first quarter results as revenues for the US Healthcare business came in slightly below sell-side projections, and the International was in-line. Its stock price pulled back -7% and we added to the position on weakness. Of note, the index sector had an average return for the quarter of -10%.”
Cencora
Also mentioned · 2
These funds discuss Cencora — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedTimesSquare U.S. Mid Cap GrowthJune 2026
“Cencora Inc. sources and distributes pharmaceutical products.”
Cencora - MentionedCDTMay 2026
“Increasingly insiders from high caliber companies such as Boston Scientific (BSX), Intuit (INTU), Textron (TXT), Flowserve (FLS) and Cencora (COR) are buying up the shares of the businesses they manage.”
Cencora
Fund coverage · 3 theses
- Alpha Wealth Fund The Insiders FundJuly 2026
Cencora is a high-quality pharmaceutical distributor with near-monopoly scale, strong cash generation, and long-term compounding potential.
Read the full thesis - LRT Capital ManagementJune 2025
Cencora, Inc. is a leading pharmaceutical distribution company with a strong competitive advantage in an oligopolistic market, providing essential logistics and services that connect manufacturers with healthcare providers, ensuring steady, recession-proof growth and long-term value creation.
Read the full thesis Cencora is a major drug distributor enhancing its specialty drug business through higher margin services and acquisitions, positioning itself for increased market share and profits.
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