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Tenet Healthcare
THC

253 hedge funds and large institutions have $3.57B invested in Tenet Healthcare in 2018 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 77 increasing their positions, 86 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more call options, than puts

Call options by funds: $217M | Put options by funds: $92.1M

69% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 32

31% more capital invested

Capital invested by funds: $2.72B → $3.57B (+$854M)

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

9% more funds holding

Funds holding: 233 → 253 (+20)

6.56% less ownership

Funds ownership: 110.78% → 104.22% (-6.6%)

10% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 86

Holders
253
Holders Change
+20
Holders Change %
+8.58%
% of All Funds
5.79%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.18%
New
54
Increased
77
Reduced
86
Closed
32
Calls
$217M
Puts
$92.1M
Net Calls
+$125M
Net Calls Change
+$29.7M

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$55.7M
2
Prudential Financial
Prudential Financial
New Jersey
+$49.3M
3
PHS
PFM Health Sciences
California
+$24.5M
4
Morgan Stanley
Morgan Stanley
New York
+$22.6M
5
HRCM
Hood River Capital Management
Florida
+$14M

Top Sellers

1
O
OrbiMed
New York
-$119M
2
CCM
Camber Capital Management
Massachusetts
-$62.2M
3
Millennium Management
Millennium Management
New York
-$55.8M
4
Goldman Sachs
Goldman Sachs
New York
-$48.9M
5
BCM
Brigade Capital Management
New York
-$15.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
PMG
26
Private Management Group
California
$21.5M -$4.03M -129,500 -17%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$20.8M -$13.5M -434,302 -41%
BCM
28
Brigade Capital Management
New York
$20.4M -$15.9M -513,050 -46%
Deutsche Bank
29
Deutsche Bank
Germany
$20.2M +$9.16M +294,668 +96%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$18.6M +$10.9M +350,581 +172%
SEI Investments
31
SEI Investments
Pennsylvania
$17M +$1.3M +41,761 +9%
Invesco
32
Invesco
Georgia
$16.2M +$6.54M +210,252 +78%
HRCM
33
Hood River Capital Management
Florida
$15.1M +$14M +449,632 New
TCIM
34
TIAA CREF Investment Management
New York
$14.9M +$5.41M +174,037 +65%
Ameriprise
35
Ameriprise
Minnesota
$14.7M +$4.16M +133,808 +44%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$14.6M -$8.86M -285,077 -40%
CC
37
Caspian Capital
New York
$14.3M +$961K +30,900 +8%
Principal Financial Group
38
Principal Financial Group
Iowa
$12.6M +$198K +6,377 +2%
O
39
OrbiMed
New York
$12.5M -$119M -3,816,400 -91%
WAM
40
Warlander Asset Management
New York
$11.8M +$11M +352,600 New
AQR Capital Management
41
AQR Capital Management
Connecticut
$10.7M +$5.68M +182,584 +135%
Millennium Management
42
Millennium Management
New York
$10.5M -$55.8M -1,795,092 -85%
HCM
43
Huber Capital Management
California
$10.2M -$1.1M -35,475 -10%
Two Sigma Investments
44
Two Sigma Investments
New York
$9.87M +$555K +17,854 +6%
UBS Group
45
UBS Group
Switzerland
$9.37M +$5.93M +190,805 +216%
GAM
46
Gotham Asset Management
New York
$9.32M -$1.68M -54,011 -16%
Bank of America
47
Bank of America
North Carolina
$9M +$4.17M +134,007 +100%
Legal & General Group
48
Legal & General Group
United Kingdom
$8.93M -$245K -7,895 -3%
CM
49
Castleark Management
Illinois
$8.9M +$8.24M +265,050 New
State of New Jersey Common Pension Fund D
50
State of New Jersey Common Pension Fund D
New Jersey
$8.81M – – –
1
2
3 4 5

THC Hedge Fund Activity: Q2 2018 in Review

253 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q2 2018, worth a combined $3.57B — up 31% from $2.72B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new THC positions and 32 closed out — a net gain of 22 holders — while 77 added to existing stakes and 86 trimmed.

The largest buyer was Vanguard Group, adding an estimated $55.7M. The largest seller was OrbiMed, cutting an estimated $119M.

  • 253 institutional investors held Tenet Healthcare (THC) as of Q2 2018, up from 233 in Q1 2018.
  • Funds reported $3.57B of Tenet Healthcare stock for Q2 2018, up 31% quarter-over-quarter.
  • 54 funds opened new Tenet Healthcare positions in Q2 2018 and 32 closed out, a net change of +22 holders.
  • The largest Tenet Healthcare buyer in Q2 2018 was Vanguard Group, an estimated $55.7M added.
  • The largest Tenet Healthcare seller in Q2 2018 was OrbiMed, an estimated $119M sold.

Based on aggregated 13F filings for Q2 2018.