Core Insights - The Carillon Scout Mid Cap Fund's third-quarter 2025 investor letter highlights strong corporate earnings and AI infrastructure momentum as key drivers for the Russell Midcap Index's positive returns [1] - Centene Corporation (NYSE:CNC) is a significant focus, with a one-month return of 5.35% but a substantial 35.07% decline over the past 52 weeks [2][3] Company Overview - Centene Corporation provides managed care services for government-sponsored health plans, targeting under-insured and uninsured families [2][3] - The company recently lowered its earnings guidance due to higher-than-expected utilization in its health plans and ongoing challenges in its Medicaid business [3] Market Performance - Centene's stock closed at $38.81 per share on December 2, 2025, with a market capitalization of $19.08 billion [2] - The stock has faced investor caution, resulting in an 11.1% decline, and it is not among the top 30 most popular stocks among hedge funds [4] Investment Sentiment - While Centene shows potential as an investment, there is a belief that certain AI stocks may offer better upside potential with less downside risk [4]