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Tenet Healthcare
THC

257 hedge funds and large institutions have $1.51B invested in Tenet Healthcare in 2016 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 82 increasing their positions, 84 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

3% more call options, than puts

Call options by funds: $43.6M | Put options by funds: $42.3M

0.01% less ownership

Funds ownership: 102.12% → 102.1% (-0.01%)

2% less repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 84

7% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 59

3% less funds holding

Funds holding: 264 → 257 (-7)

34% less capital invested

Capital invested by funds: $2.29B → $1.51B (-$779M)

Holders
257
Holders Change
-7
Holders Change %
-2.65%
% of All Funds
6.42%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
55
Increased
82
Reduced
84
Closed
59
Calls
$43.6M
Puts
$42.3M
Net Calls
+$1.31M
Net Calls Change
+$929K

Top Buyers

Rank Fund Capital Flow
1
O
OrbiMed
New York
+$30.9M
2
EM
Elliott Management
New York
+$26.8M
3
Renaissance Technologies
Renaissance Technologies
New York
+$23.8M
4
Invesco
Invesco
Georgia
+$18.2M
5
HI
HBK Investments
Texas
+$14.6M

Top Sellers

Rank Fund Capital Flow
1
CCM
Camber Capital Management
Massachusetts
-$56.6M
2
LCOV
London Company of Virginia
Virginia
-$28.1M
3
Harris Associates
Harris Associates
Illinois
-$17.1M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$16.5M
5
QF
QVT Financial
New York
-$15.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
O
51
OppenheimerFunds
New York
$4.05M +$2.55M +142,189 +109%
SGA
52
Sector Gamma AS
Norway
$3.74M – – –
DAM
53
Deltec Asset Management
New York
$3.71M -$248K -13,819 -5%
MFP
54
Michael F. Price
$3.71M +$4.48M +250,000 New
Morgan Stanley
55
Morgan Stanley
New York
$3.71M -$7.07M -394,238 -61%
WAM
56
Winslow Asset Management
Ohio
$3.46M +$154K +8,600 +4%
Legal & General Group
57
Legal & General Group
United Kingdom
$3.4M +$1.09M +60,881 +36%
Jane Street
58
Jane Street
New York
$3.39M +$4.1M +228,490 New
EMR
59
Errol M. Rudman
$2.98M +$3.39M +189,100 +1,603%
SIM
60
Spark Investment Management
New York
$2.9M +$2.88M +160,500 +456%
PP
61
PDT Partners
New York
$2.76M -$962K -53,608 -22%
IMIM
62
Irving Magee Investment Management
Pennsylvania
$2.75M +$3.33M +185,435 New
Connor, Clark & Lunn Investment Management (CC&L)
63
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.74M +$3.09M +172,393 +1,382%
OAM
64
Oxford Asset Management
United Kingdom
$2.71M -$1.85M -103,092 -36%
SCM
65
Saba Capital Management
New York
$2.57M +$2.15M +119,605 +224%
Millennium Management
66
Millennium Management
New York
$2.56M -$6.4M -356,638 -67%
California State Teachers Retirement System (CalSTRS)
67
California State Teachers Retirement System (CalSTRS)
California
$2.47M -$78.9K -4,400 -3%
New York State Teachers Retirement System (NYSTRS)
68
New York State Teachers Retirement System (NYSTRS)
New York
$2.46M – – –
TCM
69
Tekla Capital Management
Massachusetts
$2.44M – – –
WCP
70
Welch Capital Partners
New York
$2.43M -$3.89M -216,600 -57%
Swiss National Bank
71
Swiss National Bank
Switzerland
$2.43M +$78.9K +4,400 +3%
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$2.36M – – –
AIG
73
American International Group
New York
$2.28M +$1.42K +79 +0.1%
RhumbLine Advisers
74
RhumbLine Advisers
Massachusetts
$2.21M +$124K +6,887 +5%
GF
75
Gabelli Funds
New York
$2.19M -$664K -37,000 -20%
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3
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THC Hedge Fund Activity: Q4 2016 in Review

257 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q4 2016, worth a combined $1.51B — down 34% from $2.29B a quarter earlier.

Sellers outnumbered buyers: 59 funds closed out of THC and 55 opened new positions — a net loss of 4 holders — while 84 trimmed existing stakes and 82 added.

The largest buyer was OrbiMed, adding an estimated $30.9M. The largest seller was Camber Capital Management, exiting entirely with an estimated $56.6M sold.

  • 257 institutional investors held Tenet Healthcare (THC) as of Q4 2016, down from 264 in Q3 2016.
  • Funds reported $1.51B of Tenet Healthcare stock for Q4 2016, down 34% quarter-over-quarter.
  • 55 funds opened new Tenet Healthcare positions in Q4 2016 and 59 closed out, a net change of -4 holders.
  • The largest Tenet Healthcare buyer in Q4 2016 was OrbiMed, an estimated $30.9M added.
  • The largest Tenet Healthcare seller in Q4 2016 was Camber Capital Management, an estimated $56.6M sold.

Based on aggregated 13F filings for Q4 2016.