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Cardinal Health
CAH

1,222 hedge funds and large institutions have $32.5B invested in Cardinal Health in 2025 Q3 according to their latest regulatory filings, with 117 funds opening new positions, 438 increasing their positions, 457 reducing their positions, and 126 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $386M | Put options by funds: $333M

1.04% more ownership

Funds ownership: 86.11% → 87.15% (+1%)

4% less repeat investments, than reductions

Existing positions increased: 438 | Existing positions reduced: 457

7% less first-time investments, than exits

New positions opened: 117 | Existing positions closed: 126

2% less funds holding

Funds holding: 1,253 → 1,222 (-31)

6% less capital invested

Capital invested by funds: $34.5B → $32.5B (-$2.03B)

33% less funds holding in top 10

Funds holding in top 10: 12 → 8 (-4)

Holders
1,222
Holders Change
-31
Holders Change %
-2.47%
% of All Funds
16.04%
Holding in Top 10
8
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
117
Increased
438
Reduced
457
Closed
126
Calls
$386M
Puts
$333M
Net Calls
+$52.6M
Net Calls Change
-$8.96M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$542M
2
Holocene Advisors
Holocene Advisors
New York
+$174M
3
BlackRock
BlackRock
New York
+$142M
4
Barclays
Barclays
United Kingdom
+$128M
5
Squarepoint
Squarepoint
New York
+$116M

Top Sellers

1
Marshall Wace
Marshall Wace
United Kingdom
-$288M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$132M
3
Two Sigma Investments
Two Sigma Investments
New York
-$130M
4
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$116M
5
Prudential Financial
Prudential Financial
New Jersey
-$103M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
76
Silvercrest Asset Management
New York
$66.4M +$17.7M +114,326 +37%
California State Teachers Retirement System (CalSTRS)
77
California State Teachers Retirement System (CalSTRS)
California
$65.8M -$1.47M -9,548 -2%
CIC
78
Crawford Investment Counsel
Georgia
$64M -$2.93M -18,973 -4%
Citigroup
79
Citigroup
New York
$63.1M +$766K +4,962 +1%
Bank of Nova Scotia
80
Bank of Nova Scotia
Ontario, Canada
$61.8M +$35.2M +227,716 +137%
Canada Pension Plan Investment Board
81
Canada Pension Plan Investment Board
Ontario, Canada
$59.5M +$42.5M +275,062 +264%
Retirement Systems of Alabama
82
Retirement Systems of Alabama
Alabama
$59.4M -$42.8K -277 -0.1%
OCM
83
Oribel Capital Management
New York
$59.2M -$2.36M -15,300 -4%
ORIO
84
Old Republic International (ORI)
Illinois
$58.9M – – –
VF
85
Vest Financial
Virginia
$57.4M -$7.6M -49,193 -12%
ECP
86
Empyrean Capital Partners
California
$56.1M +$7.12M +46,100 +15%
Lazard Asset Management
87
Lazard Asset Management
New York
$55.6M +$31.8M +205,792 +139%
TD Asset Management
88
TD Asset Management
Ontario, Canada
$55.3M +$1.59M +10,265 +3%
Nomura Asset Management
89
Nomura Asset Management
Japan
$53.5M -$4.12M -26,662 -7%
National Bank of Canada
90
National Bank of Canada
Quebec, Canada
$53M +$20.8M +134,831 +66%
New York State Common Retirement Fund
91
New York State Common Retirement Fund
New York
$51.3M -$711K -4,601 -1%
SAM
92
Storebrand Asset Management
Norway
$49.2M +$4.47M +28,929 +10%
JAM
93
Jupiter Asset Management
United Kingdom
$46.9M +$46.2M +298,883 New
AIM
94
Artemis Investment Management
United Kingdom
$46.1M +$36.5M +236,371 +412%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
95
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$46M -$5.71M -36,966 -11%
Mitsubishi UFJ Trust & Banking
96
Mitsubishi UFJ Trust & Banking
Japan
$46M -$1.33M -8,597 -3%
APG Asset Management
97
APG Asset Management
Netherlands
$44.8M -$957K -6,193 -2%
SC
98
Samlyn Capital
New York
$44.3M +$43.6M +282,126 New
AllianceBernstein
99
AllianceBernstein
Tennessee
$43.9M -$7.29M -47,186 -14%
Principal Financial Group
100
Principal Financial Group
Iowa
$43.4M -$2.17M -14,080 -5%
2 3
4
5 6

CAH Hedge Fund Activity: Q3 2025 in Review

1,222 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Cardinal Health (CAH) for Q3 2025, worth a combined $32.5B — down 5.9% from $34.5B a quarter earlier.

Sellers outnumbered buyers: 126 funds closed out of CAH and 117 opened new positions — a net loss of 9 holders — while 457 trimmed existing stakes and 438 added.

The largest buyer was Wellington Management Group, adding an estimated $542M. The largest seller was Marshall Wace, cutting an estimated $288M.

  • 1,222 institutional investors held Cardinal Health (CAH) as of Q3 2025, down from 1,253 in Q2 2025.
  • Funds reported $32.5B of Cardinal Health stock for Q3 2025, down 5.9% quarter-over-quarter.
  • 117 funds opened new Cardinal Health positions in Q3 2025 and 126 closed out, a net change of -9 holders.
  • The largest Cardinal Health buyer in Q3 2025 was Wellington Management Group, an estimated $542M added.
  • The largest Cardinal Health seller in Q3 2025 was Marshall Wace, an estimated $288M sold.

Based on aggregated 13F filings for Q3 2025.