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Tenet Healthcare
THC

257 hedge funds and large institutions have $1.51B invested in Tenet Healthcare in 2016 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 82 increasing their positions, 84 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

3% more call options, than puts

Call options by funds: $43.6M | Put options by funds: $42.3M

0.01% less ownership

Funds ownership: 102.12% → 102.1% (-0.01%)

2% less repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 84

7% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 59

3% less funds holding

Funds holding: 264 → 257 (-7)

34% less capital invested

Capital invested by funds: $2.29B → $1.51B (-$779M)

Holders
257
Holders Change
-7
Holders Change %
-2.65%
% of All Funds
6.42%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
55
Increased
82
Reduced
84
Closed
59
Calls
$43.6M
Puts
$42.3M
Net Calls
+$1.31M
Net Calls Change
+$929K

Top Buyers

Rank Fund Capital Flow
1
O
OrbiMed
New York
+$30.9M
2
EM
Elliott Management
New York
+$26.8M
3
Renaissance Technologies
Renaissance Technologies
New York
+$23.8M
4
Invesco
Invesco
Georgia
+$18.2M
5
HI
HBK Investments
Texas
+$14.6M

Top Sellers

Rank Fund Capital Flow
1
CCM
Camber Capital Management
Massachusetts
-$56.6M
2
LCOV
London Company of Virginia
Virginia
-$28.1M
3
Harris Associates
Harris Associates
Illinois
-$17.1M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$16.5M
5
QF
QVT Financial
New York
-$15.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWA
251
TCI Wealth Advisors
Arizona
$1K +$1.18K +66 New
PCP
252
Proficio Capital Partners
Massachusetts
$1K +$1.33K +74 New
DADC
253
D.A. Davidson & Co
Montana
$1K +$1.88K +105 New
ECM
254
Estabrook Capital Management
New York
$445 – – –
CCM
255
Camber Capital Management
Massachusetts
– -$56.6M -2,500,000 Closed
QF
256
QVT Financial
New York
– -$15.3M -676,765 Closed
EAM
257
EverPoint Asset Management
Connecticut
– -$8.5M -375,000 Closed
NM
258
Nokota Management
New York
– -$7.48M -330,139 Closed
AC
259
Armistice Capital
New York
– -$5.98M -264,000 Closed
TPCM
260
Three Peaks Capital Management
Colorado
– -$5.12M -225,813 Closed
CG
261
Clinton Group
New York
– -$4.44M -196,015 Closed
HCMT
262
Highland Capital Management (Texas)
Texas
– -$3.86M -170,400 Closed
CC
263
Coastland Capital
California
– -$3.19M -140,570 Closed
SM
264
Sabby Management
Florida
– -$2.56M -112,831 Closed
PVI
265
Pura Vida Investments
New York
– -$2.38M -105,000 Closed
IHM
266
Iguana Healthcare Management
New York
– -$2.27M -100,000 Closed
Macquarie Group
267
Macquarie Group
Australia
– -$2.27M -100,000 Closed
KBC Group
268
KBC Group
Belgium
– -$1.74M -76,781 Closed
HHC
269
Hutchin Hill Capital
New York
– -$1.53M -67,600 Closed
Wolverine Trading
270
Wolverine Trading
Illinois
– -$1.15M -64,241 Closed
Marshall Wace
271
Marshall Wace
United Kingdom
– -$1.37M -60,518 Closed
HT
272
HAP Trading
New York
– -$1.08M -60,298 Closed
LOAMU
273
Lombard Odier Asset Management (USA)
New York
– -$1.03M -45,600 Closed
EVM
274
Eaton Vance Management
Massachusetts
– -$1.02M -44,863 Closed
Schroder Investment Management Group
275
Schroder Investment Management Group
United Kingdom
– -$874K -38,559 Closed
9 10
11
12 13

THC Hedge Fund Activity: Q4 2016 in Review

257 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q4 2016, worth a combined $1.51B — down 34% from $2.29B a quarter earlier.

Sellers outnumbered buyers: 59 funds closed out of THC and 55 opened new positions — a net loss of 4 holders — while 84 trimmed existing stakes and 82 added.

The largest buyer was OrbiMed, adding an estimated $30.9M. The largest seller was Camber Capital Management, exiting entirely with an estimated $56.6M sold.

  • 257 institutional investors held Tenet Healthcare (THC) as of Q4 2016, down from 264 in Q3 2016.
  • Funds reported $1.51B of Tenet Healthcare stock for Q4 2016, down 34% quarter-over-quarter.
  • 55 funds opened new Tenet Healthcare positions in Q4 2016 and 59 closed out, a net change of -4 holders.
  • The largest Tenet Healthcare buyer in Q4 2016 was OrbiMed, an estimated $30.9M added.
  • The largest Tenet Healthcare seller in Q4 2016 was Camber Capital Management, an estimated $56.6M sold.

Based on aggregated 13F filings for Q4 2016.