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Health Catalyst

165 hedge funds and large institutions have $241M invested in Health Catalyst in 2025 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 52 increasing their positions, 55 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,796% more call options, than puts

Call options by funds: $2.05M | Put options by funds: $108K

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

4% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 28

5% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 55

1% less funds holding

Funds holding: 167165 (-2)

9.4% less ownership

Funds ownership: 85.14%75.74% (-9.4%)

36% less capital invested

Capital invested by funds: $376M → $241M (-$135M)

Holders
165
Holders Change
-2
Holders Change %
-1.2%
% of All Funds
2.21%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
27
Increased
52
Reduced
55
Closed
28
Calls
$2.05M
Puts
$108K
Net Calls
+$1.94M
Net Calls Change
-$18.9M
Name Holding Trade Value Shares
Change
Change in
Stake
California State Teachers Retirement System (CalSTRS)
126
California State Teachers Retirement System (CalSTRS)
California
$20K
Carson Wealth (CWM LLC)
127
Carson Wealth (CWM LLC)
Nebraska
$17K +$15.1K +2,846 +287%
MCM
128
Manchester Capital Management
Vermont
$16.5K
TRCT
129
Tower Research Capital (TRC)
New York
$16.1K +$10.7K +2,020 +132%
HNW
130
High Note Wealth
Minnesota
$11.6K
VCM
131
Versant Capital Management
Arizona
$9.55K +$11.2K +2,109 New
Group One Trading
132
Group One Trading
Illinois
$9.45K -$12K -2,274 -52%
AB
133
Amalgamated Bank
New York
$9K
QCG
134
Quadrant Capital Group
Ohio
$8.81K +$8.09K +1,529 +368%
FHA
135
First Horizon Advisors
Tennessee
$6.79K
Osaic Holdings
136
Osaic Holdings
Arizona
$6.38K +$138 +26 +2%
Nisa Investment Advisors
137
Nisa Investment Advisors
Missouri
$6.3K -$26.9K -5,085 -79%
SS
138
SBI Securities
Japan
$5.93K -$206 -39 -3%
HWM
139
HighMark Wealth Management
Minnesota
$5.66K
NFSG
140
Newbridge Financial Services Group
Florida
$5.44K
CFB
141
Cullen/Frost Bankers
Texas
$5.07K +$736 +139 +14%
SCM
142
Sterling Capital Management
North Carolina
$4.29K -$4.04K -764 -45%
SAM
143
Smartleaf Asset Management
Massachusetts
$1.93K -$249 -47 -10%
CA
144
Continuum Advisory
Idaho
$1.59K +$95 +18 +5%
PWA
145
Physician Wealth Advisors
Utah
$1.36K
US Bancorp
146
US Bancorp
Minnesota
$1.26K -$1.05K -199 -42%
HNB
147
Huntington National Bank
Ohio
$1.21K +$460 +87 +48%
AAP
148
Arax Advisory Partners
Colorado
$1.01K -$2.33K -440 -66%
RA
149
Rise Advisors
New York
$915 +$1.07K +202 New
GI
150
GAMMA Investing
California
$766 -$323 -61 -27%

HCAT Hedge Fund Activity: Q1 2025 in Review

165 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Health Catalyst (HCAT) for Q1 2025, worth a combined $241M — down 36% from $376M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of HCAT and 27 opened new positions — a net loss of 1 holder — while 55 trimmed existing stakes and 52 added.

The largest buyer was First Light Asset Management, adding an estimated $27.5M. The largest seller was Daventry Group, exiting entirely with an estimated $17.7M sold.

  • 165 institutional investors held Health Catalyst (HCAT) as of Q1 2025, down from 167 in Q4 2024.
  • Funds reported $241M of Health Catalyst stock for Q1 2025, down 36% quarter-over-quarter.
  • 27 funds opened new Health Catalyst positions in Q1 2025 and 28 closed out, a net change of -1 holder.
  • The largest Health Catalyst buyer in Q1 2025 was First Light Asset Management, an estimated $27.5M added.
  • The largest Health Catalyst seller in Q1 2025 was Daventry Group, an estimated $17.7M sold.

Based on aggregated 13F filings for Q1 2025.