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Tenet Healthcare
THC

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
680
Holders Change
+54
Holders Change %
+8.63%
% of All Funds
8.93%
Holding in Top 10
13
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-27.78%
% of All Funds
0.17%
New
128
Increased
207
Reduced
260
Closed
64
Calls
$397M
Puts
$313M
Net Calls
+$84M
Net Calls Change
-$13.9M

Top Buyers

1
EC
Eminence Capital
New York
+$197M
2
Boston Partners
Boston Partners
Massachusetts
+$156M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$128M
4
WCM Investment Management
WCM Investment Management
California
+$64.2M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
+$63.8M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$137M
2
Invesco
Invesco
Georgia
-$121M
3
GCM
Glenview Capital Management
New York
-$108M
4
Holocene Advisors
Holocene Advisors
New York
-$103M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$83.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
FMP
651
Financial Management Professionals
Texas
$1.83K – – –
SS
652
SBI Securities
Japan
$1.83K – – –
S
653
Sachetta
Massachusetts
$1.63K – – –
TIM
654
Tortoise Investment Management
New York
$1.62K +$177 +1 +14%
BWL
655
Bogart Wealth LLC
Virginia
$1.62K +$532 +3 +60%
BHWM
656
Bay Harbor Wealth Management
Maryland
$1.42K +$355 +2 +40%
MCM
657
MV Capital Management
Maryland
$1.22K – – –
HIA
658
HFM Investment Advisors
New Jersey
$1.22K – – –
WPA
659
Wealth Preservation Advisors
Tennessee
$1.22K +$1.06K +6 New
JWM
660
JPL Wealth Management
Colorado
$1.02K +$887 +5 New
MAM
661
Marquette Asset Management
Minnesota
$1.02K +$887 +5 New
BGAI
662
Bruce G. Allen Investments
Colorado
$1.01K – – –
KFA
663
Kelleher Financial Advisors
New York
$1.01K +$887 +5 New
CCM
664
Cloud Capital Management
Washington
$1K +$1.6K +9 New
AF
665
Advisornet Financial
Minnesota
$812 – – –
CFO
666
CVA Family Office
Colorado
$812 – – –
HFS
667
Hughes Financial Services
Virginia
$779 – – –
FG
668
Fairman Group
Pennsylvania
$609 – – –
BFS
669
Bare Financial Services
Pennsylvania
$609 +$532 +3 New
SA
670
Seneschal Advisors
Washington
$407 +$355 +2 New
M
671
MOTCO
Texas
$406 -$3.19K -18 -90%
FWM
672
FSA Wealth Management
Massachusetts
$406 – – –
TPBG
673
Turning Point Benefit Group
Maryland
$402 +$355 +2 New
SC
674
SouthState Corp
Florida
$204 -$887 -5 -83%
QWM
675
Quaker Wealth Management
New Jersey
$204 – – –
25 26
27
28 29

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.