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Tenet Healthcare
THC

309 hedge funds and large institutions have $5.05B invested in Tenet Healthcare in 2021 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 73 increasing their positions, 118 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 4 → 8 (+4)

97% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 33

95% more call options, than puts

Call options by funds: $81.7M | Put options by funds: $42M

28% more capital invested

Capital invested by funds: $3.95B → $5.05B (+$1.11B)

11% more funds holding

Funds holding: 278 → 309 (+31)

2.14% less ownership

Funds ownership: 94% → 91.86% (-2.1%)

38% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 118

Holders
309
Holders Change
+31
Holders Change %
+11.15%
% of All Funds
5.43%
Holding in Top 10
8
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+100%
% of All Funds
0.14%
New
65
Increased
73
Reduced
118
Closed
33
Calls
$81.7M
Puts
$42M
Net Calls
+$39.7M
Net Calls Change
-$14.4M

Top Buyers

1
CP
Centerbridge Partners
New York
+$105M
2
Viking Global Investors
Viking Global Investors
Connecticut
+$73.9M
3
BlackRock
BlackRock
New York
+$47.8M
4
CCA
Canyon Capital Advisors
Texas
+$44M
5
CGM
Capital Growth Management
Massachusetts
+$34.4M

Top Sellers

1
GCM
Glenview Capital Management
New York
-$229M
2
Harris Associates
Harris Associates
Illinois
-$39M
3
LBA
Letko, Brosseau & Associates
Quebec, Canada
-$32.9M
4
NCM
Nantahala Capital Management
Connecticut
-$27.7M
5
DKCM
Davidson Kempner Capital Management
New York
-$26.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
KBC Group
226
KBC Group
Belgium
$264K – – –
TC
227
TwinBeech Capital
New York
$260K +$253K +5,000 New
SFI
228
Susquehanna Fundamental Investments
Pennsylvania
$253K +$246K +4,860 New
WCM
229
Wedge Capital Management
North Carolina
$249K -$243K -4,799 -50%
QT
230
Quantbot Technologies
New York
$249K -$192K -3,789 -44%
LPL Financial
231
LPL Financial
California
$242K +$235K +4,658 New
SFS
232
Sowell Financial Services
Arkansas
$233K +$79K +1,562 +78%
PRC
233
Pearl River Capital
Michigan
$229K -$232K -4,590 -51%
Public Sector Pension Investment Board (PSP Investments)
234
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$228K -$170K -3,356 -43%
MYIA
235
Mount Yale Investment Advisors
Colorado
$215K +$209K +4,142 New
WJWM
236
Williams Jones Wealth Management
New York
$213K +$207K +4,087 New
SC
237
Savant Capital
Illinois
$209K +$203K +4,020 New
TFCP
238
Twin Focus Capital Partners
Massachusetts
$208K +$202K +4,000 New
BC
239
Bridgefront Capital
Texas
$205K +$199K +3,940 New
Envestnet Asset Management
240
Envestnet Asset Management
Illinois
$205K +$199K +3,942 New
CIBC Asset Management
241
CIBC Asset Management
Ontario, Canada
$201K +$195K +3,856 New
Macquarie Group
242
Macquarie Group
Australia
$185K -$52.1K -1,030 -22%
Bessemer Group
243
Bessemer Group
New Jersey
$173K – – –
MC
244
Maverick Capital
Texas
$169K +$94.9K +1,878 +136%
SCA
245
Stonebridge Capital Advisors
Minnesota
$166K +$162K +3,200 New
PNC Financial Services Group
246
PNC Financial Services Group
Pennsylvania
$155K +$11.2K +222 +8%
Osaic Holdings
247
Osaic Holdings
Arizona
$130K -$83.7K -1,656 -40%
MAM
248
Meeder Asset Management
Ohio
$129K +$120K +2,368 +2,096%
Carson Wealth (CWM LLC)
249
Carson Wealth (CWM LLC)
Nebraska
$118K – – –
SAM
250
Shell Asset Management
Netherlands
$112K – – –
8 9
10
11 12

THC Hedge Fund Activity: Q1 2021 in Review

309 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q1 2021, worth a combined $5.05B — up 28% from $3.95B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new THC positions and 33 closed out — a net gain of 32 holders — while 73 added to existing stakes and 118 trimmed.

The largest buyer was Centerbridge Partners, opening a new position worth an estimated $105M. The largest seller was Glenview Capital Management, cutting an estimated $229M.

  • 309 institutional investors held Tenet Healthcare (THC) as of Q1 2021, up from 278 in Q4 2020.
  • Funds reported $5.05B of Tenet Healthcare stock for Q1 2021, up 28% quarter-over-quarter.
  • 65 funds opened new Tenet Healthcare positions in Q1 2021 and 33 closed out, a net change of +32 holders.
  • The largest Tenet Healthcare buyer in Q1 2021 was Centerbridge Partners, an estimated $105M added.
  • The largest Tenet Healthcare seller in Q1 2021 was Glenview Capital Management, an estimated $229M sold.

Based on aggregated 13F filings for Q1 2021.