Tenet Healthcare
233 hedge funds and large institutions have $1.82B invested in Tenet Healthcare in 2017 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 73 increasing their positions, 73 reducing their positions, and 50 closing their positions.
13% more call options, than puts
Call options by funds: $146M | Put options by funds: $129M
0% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 73
4% less funds holding
Funds holding: 243 → 233 (-10)
7.83% less ownership
Funds ownership: 126.88% → 119.04% (-7.8%)
13% less capital invested
Capital invested by funds: $2.1B → $1.82B (-$278M)
18% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 50
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
+$38M |
| 2 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$28.1M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$23.2M |
| 4 |
Millennium Management
New York
|
+$21M |
| 5 |
Goldman Sachs
New York
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$82.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$70.5M |
| 3 |
HM
HealthCor Management
New York
|
-$22.2M |
| 4 |
ACG
Anchorage Capital Group
New York
|
-$19.7M |
| 5 |
CHCM
Columbus Hill Capital Management
Short Hills,
New Jersey
|
-$14.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCMT
276
Founders Capital Management (Texas)
Houston,
Texas
| – | -$2K | -100 | Closed |
|
|
PCP
277
Proficio Capital Partners
Newton,
Massachusetts
| – | -$1K | -74 | Closed |
|
|
IA
278
IFP Advisors
Tampa,
Florida
| – | -$1K | -31 | Closed |
|
279
AssetMark Inc
Concord,
California
| – | +$183 | +13 | New |
|
THC Hedge Fund Activity: Q4 2017 in Review
233 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q4 2017, worth a combined $1.82B — down 13% from $2.1B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of THC and 41 opened new positions — a net loss of 9 holders — while 73 trimmed existing stakes and 73 added.
The largest buyer was Davidson Kempner Capital Management, adding an estimated $38M. The largest seller was Franklin Resources, exiting entirely with an estimated $82.2M sold.
- 233 institutional investors held Tenet Healthcare (THC) as of Q4 2017, down from 243 in Q3 2017.
- Funds reported $1.82B of Tenet Healthcare stock for Q4 2017, down 13% quarter-over-quarter.
- 41 funds opened new Tenet Healthcare positions in Q4 2017 and 50 closed out, a net change of -9 holders.
- The largest Tenet Healthcare buyer in Q4 2017 was Davidson Kempner Capital Management, an estimated $38M added.
- The largest Tenet Healthcare seller in Q4 2017 was Franklin Resources, an estimated $82.2M sold.
Based on aggregated 13F filings for Q4 2017.