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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$314M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$98.2M |
| 3 |
State Street
Boston,
Massachusetts
|
+$67.4M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$41.9M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$41.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$508M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$78M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$73.7M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$59.8M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$29.2M |
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.