Tenet Healthcare
680 hedge funds and large institutions have $17B invested in Tenet Healthcare in 2025 Q3 according to their latest regulatory filings, with 128 funds opening new positions, 207 increasing their positions, 260 reducing their positions, and 64 closing their positions.
100% more first-time investments, than exits
New positions opened: 128 | Existing positions closed: 64
27% more call options, than puts
Call options by funds: $397M | Put options by funds: $313M
11% more capital invested
Capital invested by funds: $15.2B → $17B (+$1.74B)
9% more funds holding
Funds holding: 626 → 680 (+54)
1.41% more ownership
Funds ownership: 93.2% → 94.61% (+1.4%)
20% less repeat investments, than reductions
Existing positions increased: 207 | Existing positions reduced: 260
28% less funds holding in top 10
Funds holding in top 10: 18 → 13 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$197M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$156M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$128M |
| 4 |
WCM Investment Management
Laguna Beach,
California
|
+$64.2M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$63.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$137M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$121M |
| 3 |
GCM
Glenview Capital Management
New York
|
-$108M |
| 4 |
Holocene Advisors
New York
|
-$103M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$83.5M |
THC Hedge Fund Activity: Q3 2025 in Review
680 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q3 2025, worth a combined $17B — up 11% from $15.2B a quarter earlier.
Buyers outnumbered sellers: 128 funds opened new THC positions and 64 closed out — a net gain of 64 holders — while 207 added to existing stakes and 260 trimmed.
The largest buyer was Eminence Capital, opening a new position worth an estimated $197M. The largest seller was Citadel Advisors, cutting an estimated $137M.
- 680 institutional investors held Tenet Healthcare (THC) as of Q3 2025, up from 626 in Q2 2025.
- Funds reported $17B of Tenet Healthcare stock for Q3 2025, up 11% quarter-over-quarter.
- 128 funds opened new Tenet Healthcare positions in Q3 2025 and 64 closed out, a net change of +64 holders.
- The largest Tenet Healthcare buyer in Q3 2025 was Eminence Capital, an estimated $197M added.
- The largest Tenet Healthcare seller in Q3 2025 was Citadel Advisors, an estimated $137M sold.
Based on aggregated 13F filings for Q3 2025.