Tenet Healthcare
260 hedge funds and large institutions have $2.99B invested in Tenet Healthcare in 2019 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 81 increasing their positions, 89 reducing their positions, and 45 closing their positions.
268% more call options, than puts
Call options by funds: $140M | Put options by funds: $37.9M
65% more capital invested
Capital invested by funds: $1.81B → $2.99B (+$1.18B)
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
4% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 45
9% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 89
1% less funds holding
Funds holding: 263 → 260 (-3)
1.89% less ownership
Funds ownership: 102.55% → 100.66% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Cyrus Capital Partners
New York
|
+$51.5M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$35M |
| 3 |
Millennium Management
New York
|
+$13.6M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$12.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
-$37M |
| 2 |
BlackRock
New York
|
-$36.9M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$25.3M |
| 4 |
SCM
Scopia Capital Management
New York
|
-$14.9M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$14.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
ClearBridge Investments
New York
| – | -$9K | -500 | Closed |
|
|
RFC
302
Regions Financial Corp
Birmingham,
Alabama
| – | -$7K | -426 | Closed |
|
|
JA
303
JOYN Advisors
Atlanta,
Georgia
| – | -$3K | -183 | Closed |
|
|
PWMG
304
Prestige Wealth Management Group
Flemington,
New Jersey
| – | -$2K | -102 | Closed |
|
THC Hedge Fund Activity: Q1 2019 in Review
260 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q1 2019, worth a combined $2.99B — up 65% from $1.81B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of THC and 43 opened new positions — a net loss of 2 holders — while 89 trimmed existing stakes and 81 added.
The largest buyer was Cyrus Capital Partners, opening a new position worth an estimated $51.5M. The largest seller was Camber Capital Management, cutting an estimated $37M.
- 260 institutional investors held Tenet Healthcare (THC) as of Q1 2019, down from 263 in Q4 2018.
- Funds reported $2.99B of Tenet Healthcare stock for Q1 2019, up 65% quarter-over-quarter.
- 43 funds opened new Tenet Healthcare positions in Q1 2019 and 45 closed out, a net change of -2 holders.
- The largest Tenet Healthcare buyer in Q1 2019 was Cyrus Capital Partners, an estimated $51.5M added.
- The largest Tenet Healthcare seller in Q1 2019 was Camber Capital Management, an estimated $37M sold.
Based on aggregated 13F filings for Q1 2019.