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Tenet Healthcare
THC

239 hedge funds and large institutions have $1.86B invested in Tenet Healthcare in 2020 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 90 increasing their positions, 70 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

29% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 70

23% more capital invested

Capital invested by funds: $1.52B → $1.86B (+$344M)

18% more call options, than puts

Call options by funds: $62.8M | Put options by funds: $53.3M

2.92% less ownership

Funds ownership: 100.71% → 97.79% (-2.9%)

6% less funds holding

Funds holding: 254 → 239 (-15)

28% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 50

Holders
239
Holders Change
-15
Holders Change %
-5.91%
% of All Funds
4.9%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.12%
New
36
Increased
90
Reduced
70
Closed
50
Calls
$62.8M
Puts
$53.3M
Net Calls
+$9.48M
Net Calls Change
+$5.66M

Top Buyers

1
RCMNY
Rubric Capital Management (New York)
New York
+$16.9M
2
Goldman Sachs
Goldman Sachs
New York
+$16.4M
3
CHCM
Columbus Hill Capital Management
New Jersey
+$15.8M
4
LBA
Letko, Brosseau & Associates
Quebec, Canada
+$12.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$12.7M

Top Sellers

1
CCM
Camber Capital Management
Massachusetts
-$50.4M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$27.4M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$12.6M
4
Morgan Stanley
Morgan Stanley
New York
-$11.7M
5
Citadel Advisors
Citadel Advisors
Florida
-$11.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
51
Bank of America
North Carolina
$3.79M +$2.87M +145,570 +228%
WAM
52
Winslow Asset Management
Ohio
$3.72M +$57.1K +2,896 +1%
Manulife (Manufacturers Life Insurance)
53
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.64M -$221K -11,210 -5%
M
54
MRCap
New York
$3.62M +$3.94M +200,000 New
Swiss National Bank
55
Swiss National Bank
Switzerland
$3.58M +$524K +26,600 +16%
Barclays
56
Barclays
United Kingdom
$3.56M +$1.07M +54,559 +38%
Allianz Asset Management
57
Allianz Asset Management
Germany
$3.53M +$3.54M +179,800 +1,198%
GF
58
Gabelli Funds
New York
$3.44M +$591K +30,000 +19%
Parallax Volatility Advisers
59
Parallax Volatility Advisers
California
$3.34M +$1.29M +65,671 +55%
Morgan Stanley
60
Morgan Stanley
New York
$3.12M -$11.7M -594,840 -78%
CM
61
Caption Management
Oklahoma
$3.03M +$118K +6,000 +4%
Prudential Financial
62
Prudential Financial
New Jersey
$3.03M -$3.72M -188,795 -53%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$3M +$16.1K +818 +0.5%
UBS AM
64
UBS AM
Illinois
$2.98M -$199K -10,112 -6%
State of Wisconsin Investment Board
65
State of Wisconsin Investment Board
Wisconsin
$2.93M +$3.19M +161,900 New
Citigroup
66
Citigroup
New York
$2.85M -$1.86M -94,501 -37%
Massachusetts Financial Services
67
Massachusetts Financial Services
Massachusetts
$2.76M -$211K -10,701 -7%
Assenagon Asset Management
68
Assenagon Asset Management
Luxembourg
$2.75M +$1.67M +84,733 +126%
New York State Teachers Retirement System (NYSTRS)
69
New York State Teachers Retirement System (NYSTRS)
New York
$2.74M +$43.3K +2,200 +1%
HighTower Advisors
70
HighTower Advisors
Illinois
$2.69M -$118K -6,005 -4%
Retirement Systems of Alabama
71
Retirement Systems of Alabama
Alabama
$2.48M +$26.6K +1,351 +1%
Man Group
72
Man Group
United Kingdom
$2.41M -$4.78M -242,457 -65%
CS
73
Credit Suisse
Switzerland
$2.32M -$328K -16,672 -12%
HM
74
HealthCor Management
New York
$2.32M +$2.53M +128,239 New
HSBC Holdings
75
HSBC Holdings
United Kingdom
$2.25M +$390K +19,777 +19%
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THC Hedge Fund Activity: Q2 2020 in Review

239 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q2 2020, worth a combined $1.86B — up 23% from $1.52B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of THC and 36 opened new positions — a net loss of 14 holders — while 70 trimmed existing stakes and 90 added.

The largest buyer was Rubric Capital Management (New York), opening a new position worth an estimated $16.9M. The largest seller was Camber Capital Management, exiting entirely with an estimated $50.4M sold.

  • 239 institutional investors held Tenet Healthcare (THC) as of Q2 2020, down from 254 in Q1 2020.
  • Funds reported $1.86B of Tenet Healthcare stock for Q2 2020, up 23% quarter-over-quarter.
  • 36 funds opened new Tenet Healthcare positions in Q2 2020 and 50 closed out, a net change of -14 holders.
  • The largest Tenet Healthcare buyer in Q2 2020 was Rubric Capital Management (New York), an estimated $16.9M added.
  • The largest Tenet Healthcare seller in Q2 2020 was Camber Capital Management, an estimated $50.4M sold.

Based on aggregated 13F filings for Q2 2020.