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Tenet Healthcare
THC

233 hedge funds and large institutions have $2.72B invested in Tenet Healthcare in 2018 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 68 increasing their positions, 88 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $141M | Put options by funds: $45.4M

49% more capital invested

Capital invested by funds: $1.82B → $2.72B (+$894M)

3% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 39

0% more funds holding

Funds holding: 233 → 233 (0)

8.27% less ownership

Funds ownership: 119.04% → 110.78% (-8.3%)

23% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 88

30% less funds holding in top 10

Funds holding in top 10: 10 → 7 (-3)

Holders
233
Holders Change
–
Holders Change %
0%
% of All Funds
5.34%
Holding in Top 10
7
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-30%
% of All Funds
0.16%
New
40
Increased
68
Reduced
88
Closed
39
Calls
$141M
Puts
$45.4M
Net Calls
+$95.6M
Net Calls Change
+$78.9M

Top Buyers

Rank Fund Capital Flow
1
O
OrbiMed
New York
+$83.4M
2
PHS
PFM Health Sciences
California
+$70.7M
3
SCM
Scopia Capital Management
New York
+$39.8M
4
CCI
Columbus Circle Investors
+$24.9M
5
JP Morgan Chase
JP Morgan Chase
New York
+$18.8M

Top Sellers

Rank Fund Capital Flow
1
WAM
Warlander Asset Management
New York
-$46.5M
2
HM
HealthCor Management
New York
-$44.8M
3
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$35.8M
4
CCM
Camber Capital Management
Massachusetts
-$29.9M
5
KSCM
King Street Capital Management
New York
-$24.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
76
Credit Suisse
Switzerland
$3.29M -$10.1M -508,655 -79%
AQR Capital Management
77
AQR Capital Management
Connecticut
$3.27M -$846K -42,489 -24%
California State Teachers Retirement System (CalSTRS)
78
California State Teachers Retirement System (CalSTRS)
California
$3.27M -$87.3K -4,386 -3%
Bank of America
79
Bank of America
North Carolina
$3.25M +$1.02M +51,075 +61%
PCM
80
Proxima Capital Management
New York
$3.03M -$1.47M -74,000 -37%
CCM
81
Contrarian Capital Management
Connecticut
$2.97M -$214K -10,730 -8%
Federated Hermes
82
Federated Hermes
Pennsylvania
$2.9M +$437K +21,928 +22%
Citigroup
83
Citigroup
New York
$2.87M -$554K -27,810 -19%
EGM
84
Engineers Gate Manager
New York
$2.74M +$2.25M +112,899 New
SCM
85
Stonehill Capital Management
New York
$2.73M -$2.24M -112,500 -50%
Retirement Systems of Alabama
86
Retirement Systems of Alabama
Alabama
$2.54M +$3.92K +197 +0.2%
WAM
87
Wolverine Asset Management
Illinois
$2.23M +$1.13M +56,755 +160%
MIM
88
MetLife Investment Management
New Jersey
$2.16M -$12.2K -614 -0.7%
UBS Group
89
UBS Group
Switzerland
$2.14M +$208K +10,426 +13%
New York State Common Retirement Fund
90
New York State Common Retirement Fund
New York
$2.11M – – –
Canada Life
91
Canada Life
Manitoba, Canada
$1.83M -$96.5K -4,847 -6%
MC
92
Maverick Capital
Texas
$1.76M +$1.45M +72,680 New
Aberdeen Group
93
Aberdeen Group
United Kingdom
$1.64M +$48.2K +2,419 +4%
MOACM
94
Mutual of America Capital Management
New York
$1.59M +$83.1K +4,176 +7%
Daiwa Securities Group
95
Daiwa Securities Group
Japan
$1.59M -$57.7K -2,900 -4%
WFI
96
West Family Investments
California
$1.58M -$199K -10,000 -13%
Comerica Bank
97
Comerica Bank
Texas
$1.56M +$3.19K +160 +0.3%
SEC
98
Seven Eight Capital
New York
$1.54M -$1.31M -65,800 -51%
EMG
99
Ellington Management Group
Connecticut
$1.46M +$1.2M +60,100 New
AG
100
Aperio Group
California
$1.4M +$292K +14,661 +34%
2 3
4
5 6

THC Hedge Fund Activity: Q1 2018 in Review

233 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q1 2018, worth a combined $2.72B — up 49% from $1.82B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new THC positions and 39 closed out — a net gain of 1 holder — while 68 added to existing stakes and 88 trimmed.

The largest buyer was OrbiMed, opening a new position worth an estimated $83.4M. The largest seller was Warlander Asset Management, exiting entirely with an estimated $46.5M sold.

  • 233 institutional investors held Tenet Healthcare (THC) as of Q1 2018, unchanged from Q4 2017.
  • Funds reported $2.72B of Tenet Healthcare stock for Q1 2018, up 49% quarter-over-quarter.
  • 40 funds opened new Tenet Healthcare positions in Q1 2018 and 39 closed out, a net change of +1 holder.
  • The largest Tenet Healthcare buyer in Q1 2018 was OrbiMed, an estimated $83.4M added.
  • The largest Tenet Healthcare seller in Q1 2018 was Warlander Asset Management, an estimated $46.5M sold.

Based on aggregated 13F filings for Q1 2018.