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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
PWMG
276
Prestige Wealth Management Group
New Jersey
$17K – – –
Fifth Third Bancorp
277
Fifth Third Bancorp
Ohio
$14K +$3.64K +72 +36%
AIG
278
American International Group
New York
$13.1K +$117K +2,313 +0.9%
HNB
279
Huntington National Bank
Ohio
$10K -$25.3K -500 -72%
FFA
280
Freedman Financial Associates
Massachusetts
$10K – – –
Fidelity Investments
281
Fidelity Investments
Massachusetts
$10K +$1.06K +21 +12%
SWM
282
Spire Wealth Management
Virginia
$10K +$9.25K +183 New
HI
283
Harbour Investments
Wisconsin
$10K +$9.91K +196 New
TWA
284
TCI Wealth Advisors
Arizona
$10K +$9.96K +197 New
FMP
285
Financial Management Professionals
Texas
$10K +$10.1K +200 New
NSIM
286
North Star Investment Management
Illinois
$7K – – –
IAIM
287
International Assets Investment Management
Florida
$7K +$4.3K +85 +100%
GAM
288
Gemmer Asset Management
California
$6K – – –
PCG
289
Private Capital Group
Connecticut
$6K +$101 +2 +2%
FPS
290
Fieldpoint Private Securities
Connecticut
$5K – – –
WP
291
WealthShield Partners
North Carolina
$5K +$5.05K +100 New
ST
292
Smithfield Trust
Pennsylvania
$4K – – –
Walleye Capital
293
Walleye Capital
New York
$3.66K -$215K -4,253 -6%
JIR
294
James Investment Research
Ohio
$3K -$5.26K -104 -62%
AssetMark Inc
295
AssetMark Inc
California
$3K – – –
BCA
296
Berman Capital Advisors
Georgia
$3K – – –
SBL
297
Sargent Bickham Lagudis
Colorado
$3K – – –
VFA
298
Valeo Financial Advisors
Indiana
$3K +$2.53K +50 New
FHA
299
First Horizon Advisors
Tennessee
$3K +$2.98K +59 New
TCM
300
TD Capital Management
Tennessee
$2K – – –
10 11
12
13 14

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.