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Tenet Healthcare
THC

261 hedge funds and large institutions have $2.81B invested in Tenet Healthcare in 2016 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 85 increasing their positions, 97 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% less call options, than puts

Call options by funds: $52.4M | Put options by funds: $52.6M

5% less capital invested

Capital invested by funds: $2.95B → $2.81B (-$143M)

1.97% less ownership

Funds ownership: 104.49% → 102.53% (-2%)

5% less funds holding

Funds holding: 274 → 261 (-13)

12% less repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 97

19% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 54

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
261
Holders Change
-13
Holders Change %
-4.74%
% of All Funds
6.96%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.08%
New
44
Increased
85
Reduced
97
Closed
54
Calls
$52.4M
Puts
$52.6M
Net Calls
-$189K
Net Calls Change
+$37.2M

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$51.8M
2
O
OrbiMed
New York
+$27M
3
PHS
PFM Health Sciences
California
+$20.4M
4
GAM
Gotham Asset Management
New York
+$16.1M
5
NM
Nokota Management
New York
+$15.4M

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$34M
2
GC
Guggenheim Capital
Illinois
-$33.5M
3
State Street
State Street
Massachusetts
-$24.1M
4
GA
Glenhill Advisors
New York
-$20.6M
5
Invesco
Invesco
Georgia
-$19.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
251
Tradewinds Capital Management
Washington
$2K – – –
UMA
252
USA Mutuals Advisors
Texas
$2K – – –
EWM
253
Evercore Wealth Management
New York
$2K +$1.92K +65 New
GWM
254
Geneos Wealth Management
Colorado
$1K – – –
QCG
255
Quadrant Capital Group
Ohio
$1K +$1.36K +46 New
ECM
256
Estabrook Capital Management
New York
$829 – – –
SWA
257
Sutton Wealth Advisors
Florida
$774 – – –
NTC
258
North Tide Capital
Massachusetts
– -$14.5M -500,000 Closed
AL
259
Appaloosa LP
New Jersey
– -$10.1M -348,405 Closed
CS
260
Candriam SCA
Luxembourg
– -$2.95M -102,559 Closed
Chevy Chase Trust
261
Chevy Chase Trust
Maryland
– -$2.4M -83,137 Closed
MWVC
262
Morgens Waterfall Vintiadis & Co
New York
– -$2.31M -80,000 Closed
ZIM
263
Zacks Investment Management
Illinois
– -$2.12M -73,250 Closed
GP
264
GLG Partners
United Kingdom
– -$2.02M -70,000 Closed
UCFA
265
United Capital Financial Advisors
Texas
– -$1.78M -61,593 Closed
EA
266
Euclid Advisors
Connecticut
– -$1.48M -51,253 Closed
VAM
267
Visium Asset Management
New York
– -$1.44M -49,639 Closed
Connor, Clark & Lunn Investment Management (CC&L)
268
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$1.29M -44,600 Closed
HighTower Advisors
269
HighTower Advisors
Illinois
– -$1.14M -39,506 Closed
State of Tennessee, Department of Treasury
270
State of Tennessee, Department of Treasury
Tennessee
– -$1.11M -38,303 Closed
TD Asset Management
271
TD Asset Management
Ontario, Canada
– -$1.07M -36,927 Closed
SFM
272
Soros Fund Management
New York
– -$917K -31,700 Closed
PG
273
PEAK6 Group
Illinois
– -$925K -31,301 Closed
USAA
274
United Services Automobile Association
Texas
– -$889K -30,734 Closed
CFA
275
Camarda Financial Advisors
Florida
– -$846K -29,256 Closed
9 10
11
12 13

THC Hedge Fund Activity: Q2 2016 in Review

261 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q2 2016, worth a combined $2.81B — down 4.9% from $2.95B a quarter earlier.

Sellers outnumbered buyers: 54 funds closed out of THC and 44 opened new positions — a net loss of 10 holders — while 97 trimmed existing stakes and 85 added.

The largest buyer was BlackRock Fund Advisors, adding an estimated $51.8M. The largest seller was Vanguard Group, cutting an estimated $34M.

  • 261 institutional investors held Tenet Healthcare (THC) as of Q2 2016, down from 274 in Q1 2016.
  • Funds reported $2.81B of Tenet Healthcare stock for Q2 2016, down 4.9% quarter-over-quarter.
  • 44 funds opened new Tenet Healthcare positions in Q2 2016 and 54 closed out, a net change of -10 holders.
  • The largest Tenet Healthcare buyer in Q2 2016 was BlackRock Fund Advisors, an estimated $51.8M added.
  • The largest Tenet Healthcare seller in Q2 2016 was Vanguard Group, an estimated $34M sold.

Based on aggregated 13F filings for Q2 2016.