Tenet Healthcare
254 hedge funds and large institutions have $1.52B invested in Tenet Healthcare in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 91 increasing their positions, 73 reducing their positions, and 53 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 73
1.07% more ownership
Funds ownership: 99.65% → 100.71% (+1.1%)
10% more call options, than puts
Call options by funds: $43.5M | Put options by funds: $39.7M
4% less funds holding
Funds holding: 265 → 254 (-11)
13% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 53
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
61% less capital invested
Capital invested by funds: $3.93B → $1.52B (-$2.42B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$29.5M |
| 2 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
+$28.7M |
| 3 |
MCM
Mudrick Capital Management
New York
|
+$17.9M |
| 4 |
NTCM
Nut Tree Capital Management
New York
|
+$15.8M |
| 5 |
Renaissance Technologies
New York
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Cyrus Capital Partners
New York
|
-$75M |
| 2 |
JP Morgan Chase
New York
|
-$19.1M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
-$16.4M |
| 4 |
BlackRock
New York
|
-$16.2M |
| 5 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
-$14.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
AssetMark Inc
Concord,
California
| – | -$287 | -10 | -25% |
|
|
CAN
302
Claraphi Advisory Network
Aliso Viejo,
United States
| – | +$29 | +1 | New |
|
|
S
303
SignatureFD
Atlanta,
Georgia
| – | +$459 | +16 | New |
|
THC Hedge Fund Activity: Q1 2020 in Review
254 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q1 2020, worth a combined $1.52B — down 61% from $3.93B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of THC and 46 opened new positions — a net loss of 7 holders — while 73 trimmed existing stakes and 91 added.
The largest buyer was Nantahala Capital Management, adding an estimated $29.5M. The largest seller was Cyrus Capital Partners, exiting entirely with an estimated $75M sold.
- 254 institutional investors held Tenet Healthcare (THC) as of Q1 2020, down from 265 in Q4 2019.
- Funds reported $1.52B of Tenet Healthcare stock for Q1 2020, down 61% quarter-over-quarter.
- 46 funds opened new Tenet Healthcare positions in Q1 2020 and 53 closed out, a net change of -7 holders.
- The largest Tenet Healthcare buyer in Q1 2020 was Nantahala Capital Management, an estimated $29.5M added.
- The largest Tenet Healthcare seller in Q1 2020 was Cyrus Capital Partners, an estimated $75M sold.
Based on aggregated 13F filings for Q1 2020.