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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
Arrowstreet Capital
276
Arrowstreet Capital
Massachusetts
– -$838K -36,997 Closed
LP
277
LMR Partners
United Kingdom
– -$777K -34,258 Closed
DTL
278
Dynamic Technology Lab
Singapore
– -$757K -33,394 Closed
ACP
279
Acuta Capital Partners
California
– -$743K -32,809 Closed
NIT
280
NumerixS Investment Technologies
British Columbia, Canada
– -$659K -29,084 Closed
Fiera Capital (Canada)
281
Fiera Capital (Canada)
Quebec, Canada
– -$629K -27,745 Closed
LCS
282
Levin Capital Strategies
New York
– -$600 -26,500 Closed
FCH
283
Freestone Capital Holdings
Washington
– -$597K -26,352 Closed
OAC
284
OMERS Administration Corp
Ontario, Canada
– -$548K -24,200 Closed
M&T Bank
285
M&T Bank
New York
– -$547K -24,189 Closed
GAM
286
Gotham Asset Management
New York
– -$510K -22,489 Closed
B
287
Barings
North Carolina
– -$501K -22,100 Closed
BJ
288
BlackRock Japan
Japan
– -$441K -19,474 Closed
PIA
289
Piedmont Investment Advisors
North Carolina
– -$415K -18,300 Closed
DCM
290
Dynamic Capital Management
Jersey
– -$375K -16,528 Closed
FRM
291
Fox Run Management
Connecticut
– -$374K -16,500 Closed
PA
292
Perceptive Advisors
New York
– -$367K -16,200 Closed
GI
293
GAMCO Investors
Connecticut
– -$340K -15,000 Closed
Verition Fund Management
294
Verition Fund Management
Connecticut
– -$308K -13,605 Closed
JMPWA
295
JP Morgan Private Wealth Advisors
California
– -$281K -12,390 Closed
AIM
296
Allen Investment Management
New York
– -$260K -11,492 Closed
IR
297
Invictus RG
Bermuda
– -$252K -11,122 Closed
TYCC
298
Texas Yale Capital Corp
Florida
– -$249K -11,010 Closed
Teacher Retirement System of Texas
299
Teacher Retirement System of Texas
Texas
– -$242K -10,687 Closed
CF
300
CNA Financial
Illinois
– -$220K -9,725 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.