Tenet Healthcare
THC
233 hedge funds and large institutions have $2.72B invested in Tenet Healthcare in 2018 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 68 increasing their positions, 88 reducing their positions, and 39 closing their positions.
210% more call options, than puts
Call options by funds: $141M | Put options by funds: $45.4M
49% more capital invested
Capital invested by funds: $1.82B → $2.72B (+$894M)
3% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 39
0% more funds holding
Funds holding: 233 → 233 (0)
8.27% less ownership
Funds ownership: 119.04% → 110.78% (-8.3%)
23% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 88
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OrbiMed
New York
|
+$83.4M |
| 2 |
PHS
PFM Health Sciences
San Francisco,
California
|
+$70.7M |
| 3 |
SCM
Scopia Capital Management
New York
|
+$39.8M |
| 4 |
CCI
Columbus Circle Investors
|
+$24.9M |
| 5 |
JP Morgan Chase
New York
|
+$18.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Warlander Asset Management
New York
|
-$46.5M |
| 2 |
HM
HealthCor Management
New York
|
-$44.8M |
| 3 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$35.8M |
| 4 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
-$29.9M |
| 5 |
KSCM
King Street Capital Management
New York
|
-$24.4M |
THC Hedge Fund Activity: Q1 2018 in Review
233 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q1 2018, worth a combined $2.72B — up 49% from $1.82B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new THC positions and 39 closed out — a net gain of 1 holder — while 68 added to existing stakes and 88 trimmed.
The largest buyer was OrbiMed, opening a new position worth an estimated $83.4M. The largest seller was Warlander Asset Management, exiting entirely with an estimated $46.5M sold.
- 233 institutional investors held Tenet Healthcare (THC) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $2.72B of Tenet Healthcare stock for Q1 2018, up 49% quarter-over-quarter.
- 40 funds opened new Tenet Healthcare positions in Q1 2018 and 39 closed out, a net change of +1 holder.
- The largest Tenet Healthcare buyer in Q1 2018 was OrbiMed, an estimated $83.4M added.
- The largest Tenet Healthcare seller in Q1 2018 was Warlander Asset Management, an estimated $46.5M sold.
Based on aggregated 13F filings for Q1 2018.