Not all of those edits are by mods, of course. Some are made by submitters (edit: as the site points out!). Also, some are because we switched the URL and thus to the title of the new article (example: https://news.ycombinator.com/item?id=21616157). Those look weird if you assume they're moderation edits.
It looks like the list is sorted by reverse ID, which means articles that were submitted earlier are lower down on the page. But sometimes we re-up those (https://news.ycombinator.com/item?id=11662380), so from a front-page perspective some 'newer' stories are below older ones.