Tenet Healthcare
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OrbiMed
New York
|
+$30.9M |
| 2 |
EM
Elliott Management
New York
|
+$26.8M |
| 3 |
Renaissance Technologies
New York
|
+$23.8M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$18.2M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
-$56.6M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$28.1M |
| 3 |
Harris Associates
Chicago,
Illinois
|
-$17.1M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16.5M |
| 5 |
QF
QVT Financial
New York
|
-$15.3M |
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.