BrightSpring Health Services Unit
BTSGU
25 hedge funds and large institutions have $452M invested in BrightSpring Health Services Unit in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 12 reducing their positions, and 11 closing their positions.
29% less funds holding
Funds holding: 35 → 25 (-10)
37% less capital invested
Capital invested by funds: $719M → $452M (-$266M)
44.05% less ownership
Funds ownership: 88.83% → 44.77% (-44%)
67% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 12
91% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$19.7M |
| 2 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$451K |
| 3 |
Jane Street
New York
|
+$263K |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
+$40.9K |
| 5 |
EC
Elequin Capital
New York
|
+$14.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAI
Aequim Alternative Investments
Mill Valley,
California
|
-$130M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$122M |
| 3 |
D.E. Shaw & Co
New York
|
-$59M |
| 4 |
SC
Sculptor Capital
New York
|
-$18M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$10.1M |
BTSGU Hedge Fund Activity: Q4 2025 in Review
25 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in BrightSpring Health Services Unit (BTSGU) for Q4 2025, worth a combined $452M — down 37% from $719M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BTSGU and 1 opened new positions — a net loss of 10 holders — while 12 trimmed existing stakes and 4 added.
The largest buyer was VOYA Investment Management, adding an estimated $19.7M. The largest seller was Aequim Alternative Investments, exiting entirely with an estimated $130M sold.
- 25 institutional investors held BrightSpring Health Services Unit (BTSGU) as of Q4 2025, down from 35 in Q3 2025.
- Funds reported $452M of BrightSpring Health Services Unit stock for Q4 2025, down 37% quarter-over-quarter.
- 1 fund opened new BrightSpring Health Services Unit positions in Q4 2025 and 11 closed out, a net change of -10 holders.
- The largest BrightSpring Health Services Unit buyer in Q4 2025 was VOYA Investment Management, an estimated $19.7M added.
- The largest BrightSpring Health Services Unit seller in Q4 2025 was Aequim Alternative Investments, an estimated $130M sold.
Based on aggregated 13F filings for Q4 2025.