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Tenet Healthcare
THC

233 hedge funds and large institutions have $1.82B invested in Tenet Healthcare in 2017 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 73 increasing their positions, 73 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more call options, than puts

Call options by funds: $146M | Put options by funds: $129M

0% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 73

4% less funds holding

Funds holding: 243 → 233 (-10)

7.83% less ownership

Funds ownership: 126.88% → 119.04% (-7.8%)

13% less capital invested

Capital invested by funds: $2.1B → $1.82B (-$278M)

18% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 50

23% less funds holding in top 10

Funds holding in top 10: 13 → 10 (-3)

Holders
233
Holders Change
-10
Holders Change %
-4.12%
% of All Funds
5.28%
Holding in Top 10
10
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-23.08%
% of All Funds
0.23%
New
41
Increased
73
Reduced
73
Closed
50
Calls
$146M
Puts
$129M
Net Calls
+$16.6M
Net Calls Change
+$11.5M

Top Buyers

1
DKCM
Davidson Kempner Capital Management
New York
+$38M
2
LBA
Letko, Brosseau & Associates
Quebec, Canada
+$28.1M
3
NCM
Nantahala Capital Management
Connecticut
+$23.2M
4
Millennium Management
Millennium Management
New York
+$21M
5
Goldman Sachs
Goldman Sachs
New York
+$16.6M

Top Sellers

1
Franklin Resources
Franklin Resources
California
-$82.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$70.5M
3
HM
HealthCor Management
New York
-$22.2M
4
ACG
Anchorage Capital Group
New York
-$19.7M
5
CHCM
Columbus Hill Capital Management
New Jersey
-$14.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
101
UBS Group
Switzerland
$1.18M -$104K -7,404 -9%
Jane Street
102
Jane Street
New York
$1.17M +$1.08M +77,039 New
Comerica Bank
103
Comerica Bank
Texas
$1.16M +$5.07K +360 +0.6%
NSEDCP
104
NJ State Employees Deferred Compensation Plan
New Jersey
$1.14M -$141K -10,000 -12%
WFI
105
West Family Investments
California
$1.14M – – –
FHAM
106
Folger Hill Asset Management
New York
$1.14M +$1.06M +75,000 New
SG Americas Securities
107
SG Americas Securities
New York
$1.12M -$2.41M -171,073 -70%
Group One Trading
108
Group One Trading
Illinois
$1.09M +$836K +59,399 +483%
CM
109
Caption Management
Oklahoma
$1.06M +$985K +70,000 New
Daiwa Securities Group
110
Daiwa Securities Group
Japan
$1.04M – – –
ARTA
111
A.R.T. Advisors
New York
$1.02M +$944K +67,100 New
Aberdeen Group
112
Aberdeen Group
United Kingdom
$988K – – –
JG
113
Jefferies Group
New York
$954K -$2.07M -146,763 -70%
MOACM
114
Mutual of America Capital Management
New York
$934K -$25.1K -1,784 -3%
State Board of Administration of Florida Retirement System
115
State Board of Administration of Florida Retirement System
Florida
$893K – – –
ASRS
116
Arizona State Retirement System
Arizona
$881K +$174K +12,384 +27%
TPSF
117
Texas Permanent School Fund
Texas
$827K -$60.5K -4,299 -7%
Prudential Financial
118
Prudential Financial
New Jersey
$826K +$3.24K +230 +0.4%
UOC
119
UBS O'Connor
Illinois
$758K – – –
VAIA
120
Virtus Alternative Investment Advisers
Connecticut
$758K – – –
MAM
121
Meeder Asset Management
Ohio
$757K -$26.5K -1,880 -4%
BWM
122
BerganKDV Wealth Management
Minnesota
$727K +$49.6K +3,523 +8%
MLICM
123
Metropolitan Life Insurance Company (MetLife)
New York
$714K -$1.16M -82,201 -64%
GC
124
Guggenheim Capital
Illinois
$706K -$688K -48,863 -51%
GF
125
Gabelli Funds
New York
$682K -$583K -41,396 -48%
3 4
5
6 7

THC Hedge Fund Activity: Q4 2017 in Review

233 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q4 2017, worth a combined $1.82B — down 13% from $2.1B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of THC and 41 opened new positions — a net loss of 9 holders — while 73 trimmed existing stakes and 73 added.

The largest buyer was Davidson Kempner Capital Management, adding an estimated $38M. The largest seller was Franklin Resources, exiting entirely with an estimated $82.2M sold.

  • 233 institutional investors held Tenet Healthcare (THC) as of Q4 2017, down from 243 in Q3 2017.
  • Funds reported $1.82B of Tenet Healthcare stock for Q4 2017, down 13% quarter-over-quarter.
  • 41 funds opened new Tenet Healthcare positions in Q4 2017 and 50 closed out, a net change of -9 holders.
  • The largest Tenet Healthcare buyer in Q4 2017 was Davidson Kempner Capital Management, an estimated $38M added.
  • The largest Tenet Healthcare seller in Q4 2017 was Franklin Resources, an estimated $82.2M sold.

Based on aggregated 13F filings for Q4 2017.