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BrightSpring Health Services
BTSG

285 hedge funds and large institutions have $7.9B invested in BrightSpring Health Services in 2025 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 113 increasing their positions, 63 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,646% more call options, than puts

Call options by funds: $18.8M | Put options by funds: $683K

194% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 32

79% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 63

29% more capital invested

Capital invested by funds: $6.14B → $7.9B (+$1.76B)

25% more funds holding

Funds holding: 228 → 285 (+57)

0.35% less ownership

Funds ownership: 117.25% → 116.9% (-0.35%)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
285
Holders Change
+57
Holders Change %
+25%
% of All Funds
3.47%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.07%
New
94
Increased
113
Reduced
63
Closed
32
Calls
$18.8M
Puts
$683K
Net Calls
+$18.1M
Net Calls Change
+$19.6M

Top Buyers

1
BlackRock
BlackRock
New York
+$314M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$98.2M
3
State Street
State Street
Massachusetts
+$67.4M
4
Invesco
Invesco
Georgia
+$41.9M
5
Brown Advisory
Brown Advisory
Maryland
+$41.2M

Top Sellers

1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$508M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$78M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$73.7M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$59.8M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$29.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$38.6M -$427K -12,723 -1%
SCPM
27
Sea Cliff Partners Management
California
$38.2M -$5.03M -150,113 -13%
Morgan Stanley
28
Morgan Stanley
New York
$38.1M +$9.81M +292,530 +40%
Federated Hermes
29
Federated Hermes
Pennsylvania
$37.2M +$22.6M +673,202 +211%
Raymond James Financial
30
Raymond James Financial
Florida
$36.2M -$318K -9,469 -1%
OAM
31
Oberweis Asset Management
Illinois
$34M – – –
ITP
32
Iron Triangle Partners
Connecticut
$33.6M -$11.4M -341,093 -28%
Millennium Management
33
Millennium Management
New York
$32.5M +$11.7M +348,988 +67%
IHAM
34
Integral Health Asset Management
New York
$28.1M -$13.4M -400,000 -35%
Principal Financial Group
35
Principal Financial Group
Iowa
$27.4M +$20.2M +602,601 +462%
SAM
36
Silvercrest Asset Management
New York
$26.1M -$9.63M -287,034 -29%
Bank of New York Mellon
37
Bank of New York Mellon
New York
$24.7M +$11.8M +350,835 +114%
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$24.5M +$11.2M +333,357 +104%
UBS Group
39
UBS Group
Switzerland
$24.1M -$680K -20,266 -3%
TD Asset Management
40
TD Asset Management
Ontario, Canada
$24M +$5.55M +165,381 +35%
Victory Capital Management
41
Victory Capital Management
Texas
$23.5M -$3.31M -98,553 -14%
Man Group
42
Man Group
United Kingdom
$21.9M +$6.95M +207,216 +55%
HAI
43
Hennessy Advisors Inc
California
$18.9M -$1.1M -32,800 -6%
Walleye Capital
44
Walleye Capital
New York
$18.9M +$10.5M +313,822 +164%
O
45
OrbiMed
New York
$18.3M +$7.54M +224,700 +85%
First Trust Advisors
46
First Trust Advisors
Illinois
$18M +$85.3K +2,544 +0.5%
Loomis, Sayles & Company
47
Loomis, Sayles & Company
Massachusetts
$16.6M +$14.9M +443,270 New
Public Sector Pension Investment Board (PSP Investments)
48
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$14.7M +$13.2M +393,239 New
Prudential Financial
49
Prudential Financial
New Jersey
$14.6M +$12.6M +377,030 +3,267%
AAP
50
Ardsley Advisory Partners
Connecticut
$13.1M -$3.35M -100,000 -22%
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BTSG Hedge Fund Activity: Q4 2025 in Review

285 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in BrightSpring Health Services (BTSG) for Q4 2025, worth a combined $7.9B — up 29% from $6.14B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new BTSG positions and 32 closed out — a net gain of 62 holders — while 113 added to existing stakes and 63 trimmed.

The largest buyer was BlackRock, adding an estimated $314M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $508M.

  • 285 institutional investors held BrightSpring Health Services (BTSG) as of Q4 2025, up from 228 in Q3 2025.
  • Funds reported $7.9B of BrightSpring Health Services stock for Q4 2025, up 29% quarter-over-quarter.
  • 94 funds opened new BrightSpring Health Services positions in Q4 2025 and 32 closed out, a net change of +62 holders.
  • The largest BrightSpring Health Services buyer in Q4 2025 was BlackRock, an estimated $314M added.
  • The largest BrightSpring Health Services seller in Q4 2025 was Kohlberg Kravis Roberts & Co, an estimated $508M sold.

Based on aggregated 13F filings for Q4 2025.