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Tenet Healthcare
THC

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
254
Holders Change
-11
Holders Change %
-4.15%
% of All Funds
5.6%
Holding in Top 10
4
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-42.86%
% of All Funds
0.09%
New
46
Increased
91
Reduced
73
Closed
53
Calls
$43.5M
Puts
$39.7M
Net Calls
+$3.82M
Net Calls Change
-$89.3M

Top Buyers

1
NCM
Nantahala Capital Management
Connecticut
+$29.5M
2
CCM
Camber Capital Management
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
Renaissance Technologies
New York
+$14.7M

Top Sellers

1
CCP
Cyrus Capital Partners
New York
-$75M
2
JP Morgan Chase
JP Morgan Chase
New York
-$19.1M
3
APG Asset Management
APG Asset Management
Netherlands
-$16.4M
4
BlackRock
BlackRock
New York
-$16.2M
5
CRCP
Copper Rock Capital Partners
Massachusetts
-$14.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
26
Mudrick Capital Management
New York
$8.97M +$17.9M +623,140 New
Citadel Advisors
27
Citadel Advisors
Florida
$8.64M +$12.2M +424,346 +242%
Two Sigma Advisers
28
Two Sigma Advisers
New York
$8.06M +$4.91M +171,000 +44%
Renaissance Technologies
29
Renaissance Technologies
New York
$7.77M +$14.7M +511,200 +1,808%
PMG
30
Private Management Group
California
$7.49M -$635K -22,107 -4%
LSV Asset Management
31
LSV Asset Management
Illinois
$6.55M +$2.97M +103,500 +29%
Invesco
32
Invesco
Georgia
$6.36M +$681K +23,710 +6%
SEI Investments
33
SEI Investments
Pennsylvania
$6M +$283K +9,861 +2%
Principal Financial Group
34
Principal Financial Group
Iowa
$5.72M -$3.58M -124,775 -24%
PI
35
Putnam Investments
Massachusetts
$5.63M -$1.59M -55,302 -12%
Man Group
36
Man Group
United Kingdom
$5.41M +$6.9M +240,446 +178%
Prudential Financial
37
Prudential Financial
New Jersey
$5.13M -$2.96M -103,230 -22%
Federated Hermes
38
Federated Hermes
Pennsylvania
$5.12M -$9.18M -319,782 -47%
CSS
39
Cubist Systematic Strategies
Connecticut
$5.12M +$7.82M +272,423 +329%
AQR Capital Management
40
AQR Capital Management
Connecticut
$4.71M -$1.26K -44 -0%
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$4.39M +$24.3K +848 +0.3%
WA
42
Whitebox Advisors
Minnesota
$4.27M +$5.47M +190,498 +180%
Wells Fargo
43
Wells Fargo
California
$4.17M +$1.47M +51,163 +21%
BCM
44
Bluefin Capital Management
New York
$4.03M +$8.04M +279,938 New
AllianceBernstein
45
AllianceBernstein
Tennessee
$3.9M +$42.8K +1,490 +0.6%
Legal & General Group
46
Legal & General Group
United Kingdom
$3.78M -$439K -15,285 -6%
AIG
47
American International Group
New York
$3.77M -$42.6K -1,483 -0.6%
Two Sigma Investments
48
Two Sigma Investments
New York
$3.64M -$4.42M -154,043 -38%
Citigroup
49
Citigroup
New York
$3.63M -$1.49M -51,929 -17%
Russell Investments Group
50
Russell Investments Group
United Kingdom
$3.59M +$5.24M +182,571 +305%
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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.