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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
ZIM
101
Zacks Investment Management
Illinois
$43.4M +$589K +3,816 +1%
Teacher Retirement System of Texas
102
Teacher Retirement System of Texas
Texas
$43.1M +$4.27M +27,660 +11%
BA
103
Bridgewater Associates
Connecticut
$42.7M +$2.05M +13,278 +5%
IIM
104
INTECH Investment Management
Florida
$41.5M +$29.6M +191,472 +263%
Macquarie Group
105
Macquarie Group
Australia
$41.4M -$2.32M -15,030 -5%
Focus Partners Wealth
106
Focus Partners Wealth
Massachusetts
$41.2M +$53.9M +348,933 +1,732%
Ensign Peak Advisors
107
Ensign Peak Advisors
Utah
$40.2M +$14.7M +95,441 +59%
BNP Paribas Asset Management
108
BNP Paribas Asset Management
France
$39.8M +$9.71M +62,844 +33%
FCM
109
Farallon Capital Management
California
$39.7M -$31M -201,000 -44%
Walleye Capital
110
Walleye Capital
New York
$38.8M +$33.9M +219,707 +801%
Pictet Asset Management
111
Pictet Asset Management
Switzerland
$38.7M +$20.7M +133,989 +119%
N
112
Natixis
France
$38.4M +$24.5M +158,620 +184%
Kovitz Investment Group Partners
113
Kovitz Investment Group Partners
Illinois
$37.1M +$25.5M +165,080 +231%
CPC
114
Cookson Peirce & Co
Pennsylvania
$37.1M -$1.21M -7,855 -3%
Brown Advisory
115
Brown Advisory
Maryland
$37M +$16.2M +105,096 +80%
KC
116
Kepler Cheuvreux
$36.1M +$35.6M +230,204 New
Aberdeen Group
117
Aberdeen Group
United Kingdom
$36M +$506K +3,274 +1%
State Board of Administration of Florida Retirement System
118
State Board of Administration of Florida Retirement System
Florida
$35.7M -$3.97M -25,688 -10%
Toronto Dominion Bank
119
Toronto Dominion Bank
Ontario, Canada
$34.9M +$12.3M +79,750 +56%
Aviva
120
Aviva
United Kingdom
$34.6M +$3.8M +24,602 +13%
New York State Teachers Retirement System (NYSTRS)
121
New York State Teachers Retirement System (NYSTRS)
New York
$34.1M -$368K -2,380 -1%
Prudential Financial
122
Prudential Financial
New Jersey
$33.6M -$103M -669,555 -76%
RG
123
Renaissance Group
Kentucky
$33.2M +$63.8K +413 +0.2%
Universal-Beteiligungs- und Servicegesellschaft
124
Universal-Beteiligungs- und Servicegesellschaft
Germany
$32.5M -$1.47M -9,508 -4%
Zurich Cantonal Bank
125
Zurich Cantonal Bank
Switzerland
$32.1M -$9.37M -60,678 -23%
3 4
5
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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.