Tenet Healthcare
243 hedge funds and large institutions have $2.1B invested in Tenet Healthcare in 2017 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 93 increasing their positions, 70 reducing their positions, and 41 closing their positions.
44% more funds holding in top 10
Funds holding in top 10: 9 → 13 (+4)
33% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 70
10.1% more ownership
Funds ownership: 116.78% → 126.88% (+10%)
5% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 41
4% more call options, than puts
Call options by funds: $123M | Put options by funds: $118M
1% less funds holding
Funds holding: 246 → 243 (-3)
7% less capital invested
Capital invested by funds: $2.27B → $2.1B (-$170M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HM
HealthCor Management
New York
|
+$76.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$52.1M |
| 3 |
WAM
Warlander Asset Management
New York
|
+$48.2M |
| 4 |
KSCM
King Street Capital Management
New York
|
+$32.2M |
| 5 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
+$29.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$89.9M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$19.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$18.5M |
| 4 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$18M |
| 5 |
First Eagle Investment Management
New York
|
-$15.1M |
THC Hedge Fund Activity: Q3 2017 in Review
243 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q3 2017, worth a combined $2.1B — down 7.5% from $2.27B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new THC positions and 41 closed out — a net gain of 2 holders — while 93 added to existing stakes and 70 trimmed.
The largest buyer was HealthCor Management, opening a new position worth an estimated $76.8M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $89.9M sold.
- 243 institutional investors held Tenet Healthcare (THC) as of Q3 2017, down from 246 in Q2 2017.
- Funds reported $2.1B of Tenet Healthcare stock for Q3 2017, down 7.5% quarter-over-quarter.
- 43 funds opened new Tenet Healthcare positions in Q3 2017 and 41 closed out, a net change of +2 holders.
- The largest Tenet Healthcare buyer in Q3 2017 was HealthCor Management, an estimated $76.8M added.
- The largest Tenet Healthcare seller in Q3 2017 was Waddell & Reed Financial, an estimated $89.9M sold.
Based on aggregated 13F filings for Q3 2017.