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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
FLAM
1
First Light Asset Management
Minnesota
$47.3M +$27.5M +5,195,686 +99%
BlackRock
2
BlackRock
New York
$26.1M +$943K +178,119 +3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$18.7M -$1.39M -263,078 -6%
Impax Asset Management Group
4
Impax Asset Management Group
United Kingdom
$12.5M
NI
5
Nepsis Inc
Minnesota
$9.47M +$10.6M +1,994,555 +2,072%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$9.45M +$668K +126,264 +6%
Primecap Management
7
Primecap Management
California
$9.08M +$384K +72,499 +4%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$8.32M +$1.3M +245,451 +15%
WCA
9
Whetstone Capital Advisors
Kansas
$7.72M +$9.02M +1,705,072 New
Geode Capital Management
10
Geode Capital Management
Massachusetts
$6.76M +$245K +46,275 +3%
PCM
11
Portolan Capital Management
Massachusetts
$5.97M +$3.01M +568,050 +76%
State Street
12
State Street
Massachusetts
$5.37M -$139K -26,237 -2%
KCM
13
Kennedy Capital Management
Missouri
$5.11M -$4.03M -762,472 -40%
JP Morgan Chase
14
JP Morgan Chase
New York
$4.36M -$1.46M -276,082 -22%
Acadian Asset Management
15
Acadian Asset Management
Massachusetts
$4.21M +$2.32M +437,536 +89%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$3.15M +$2.33M +439,599 +173%
PVM
17
Palogic Value Management
Texas
$2.94M +$1.75M +330,000 +103%
N
18
Nuveen
North Carolina
$2.67M -$17.3K -3,266 -0.6%
Goldman Sachs
19
Goldman Sachs
New York
$2.52M -$1.75M -330,742 -37%
MC
20
Martin & Co
Tennessee
$2.32M +$109K +20,687 +4%
Northern Trust
21
Northern Trust
Illinois
$2.26M -$145K -27,467 -5%
Schroder Investment Management Group
22
Schroder Investment Management Group
United Kingdom
$2.26M -$126K -23,824 -5%
Millennium Management
23
Millennium Management
New York
$2.26M -$7.87M -1,487,611 -75%
Charles Schwab
24
Charles Schwab
California
$2.2M -$67.3K -12,716 -3%
Alyeska Investment Group
25
Alyeska Investment Group
Illinois
$1.58M -$8.84M -1,670,186 -83%

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.