AdaptHealth
AHCO
23 hedge funds and large institutions have $248M invested in AdaptHealth in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 30 closing their positions.
21% more capital invested
Capital invested by funds: $204M → $248M (+$43.8M)
8.05% less ownership
Funds ownership: 64.12% → 56.07% (-8%)
39% less funds holding
Funds holding: 38 → 23 (-15)
50% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 30
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DM
Deerfield Management
New York
|
+$171M |
| 2 |
AIM
Assured Investment Management
New York
|
+$36.2M |
| 3 |
MS
Maven Securities
St Helier,
Jersey
|
+$2.88M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.88M |
| 5 |
ECM
Endurant Capital Management
San Mateo,
California
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$22.4M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$15.8M |
| 3 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$13.4M |
| 4 |
MCM
Moore Capital Management
New York
|
-$10.2M |
| 5 |
LA
Linden Advisors
New York
|
-$9.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
51
Basso Capital Management
Stamford,
Connecticut
| – | -$460K | -45,181 | Closed |
|
|
KIM
52
Karpus Investment Management
Pittsford,
New York
| – | -$297K | -29,200 | Closed |
|
53
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
| – | +$10 | +1 | New |
|
AHCO Hedge Fund Activity: Q4 2019 in Review
23 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in AdaptHealth (AHCO) for Q4 2019, worth a combined $248M — up 21% from $204M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of AHCO and 15 opened new positions — a net loss of 15 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was Deerfield Management, opening a new position worth an estimated $171M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $22.4M sold.
- 23 institutional investors held AdaptHealth (AHCO) as of Q4 2019, down from 38 in Q3 2019.
- Funds reported $248M of AdaptHealth stock for Q4 2019, up 21% quarter-over-quarter.
- 15 funds opened new AdaptHealth positions in Q4 2019 and 30 closed out, a net change of -15 holders.
- The largest AdaptHealth buyer in Q4 2019 was Deerfield Management, an estimated $171M added.
- The largest AdaptHealth seller in Q4 2019 was Glazer Capital LLC, an estimated $22.4M sold.
Based on aggregated 13F filings for Q4 2019.