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Tenet Healthcare
THC

254 hedge funds and large institutions have $1.52B invested in Tenet Healthcare in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 91 increasing their positions, 73 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 73

1.07% more ownership

Funds ownership: 99.65% → 100.71% (+1.1%)

10% more call options, than puts

Call options by funds: $43.5M | Put options by funds: $39.7M

4% less funds holding

Funds holding: 265 → 254 (-11)

13% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 53

43% less funds holding in top 10

Funds holding in top 10: 7 → 4 (-3)

61% less capital invested

Capital invested by funds: $3.93B → $1.52B (-$2.42B)

Holders
254
Holders Change
-11
Holders Change %
-4.15%
% of All Funds
5.6%
Holding in Top 10
4
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-42.86%
% of All Funds
0.09%
New
46
Increased
91
Reduced
73
Closed
53
Calls
$43.5M
Puts
$39.7M
Net Calls
+$3.82M
Net Calls Change
-$89.3M

Top Buyers

Rank Fund Capital Flow
1
NCM
Nantahala Capital Management
Connecticut
+$29.5M
2
CCM
Camber Capital Management
Massachusetts
+$28.7M
3
MCM
Mudrick Capital Management
New York
+$17.9M
4
NTCM
Nut Tree Capital Management
New York
+$15.8M
5
Renaissance Technologies
Renaissance Technologies
New York
+$14.7M

Top Sellers

Rank Fund Capital Flow
1
CCP
Cyrus Capital Partners
New York
-$75M
2
JP Morgan Chase
JP Morgan Chase
New York
-$19.1M
3
APG Asset Management
APG Asset Management
Netherlands
-$16.4M
4
BlackRock
BlackRock
New York
-$16.2M
5
CRCP
Copper Rock Capital Partners
Massachusetts
-$14.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Walleye Trading
126
Walleye Trading
New York
$614K -$1.08M -37,496 -47%
Daiwa Securities Group
127
Daiwa Securities Group
Japan
$597K +$83.2K +2,900 +8%
Jane Street
128
Jane Street
New York
$589K +$835K +29,097 +247%
TC
129
TwinBeech Capital
New York
$573K +$971K +33,830 +565%
OPERF
130
Oregon Public Employees Retirement Fund
Oregon
$561K +$1.92K +67 +0.2%
AIP
131
Ameritas Investment Partners
Nebraska
$551K – – –
NMIMC
132
Northwestern Mutual Investment Management Company
Wisconsin
$520K +$185K +6,435 +22%
ACM
133
AlphaCrest Capital Management
New York
$501K +$681K +23,739 +215%
EMG
134
Ellington Management Group
Connecticut
$482K +$962K +33,500 New
PP
135
Paloma Partners
Connecticut
$469K -$1.07M -37,149 -53%
BNP Paribas Financial Markets
136
BNP Paribas Financial Markets
France
$467K +$57.4K +1,998 +7%
BFM
137
Boothbay Fund Management
New York
$446K +$890K +31,000 New
AR
138
Advisory Research
Illinois
$435K -$224K -7,793 -21%
IRC
139
Investors Research Corp
Georgia
$435K -$20.1K -700 -2%
Barrow, Hanley, Mewhinney & Strauss
140
Barrow, Hanley, Mewhinney & Strauss
Texas
$426K +$849K +29,592 New
Lazard Asset Management
141
Lazard Asset Management
New York
$418K – – –
AIA
142
Affinity Investment Advisors
California
$418K +$197K +6,880 +31%
TI
143
Trexquant Investment
Connecticut
$418K +$632K +22,012 +314%
BPM
144
Bowling Portfolio Management
Ohio
$416K +$829K +28,891 New
SOMRS
145
State of Michigan Retirement System
Michigan
$415K -$51.7K -1,800 -6%
HIM
146
Hillsdale Investment Management
Ontario, Canada
$377K +$752K +26,200 New
CC
147
Centiva Capital
New York
$365K +$727K +25,328 New
SEC
148
Seven Eight Capital
New York
$364K +$726K +25,300 New
LSERS
149
Louisiana State Employees Retirement System
Louisiana
$361K – – –
RJA
150
Raymond James & Associates
Florida
$360K -$624K -21,734 -47%
4 5
6
7 8

THC Hedge Fund Activity: Q1 2020 in Review

254 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q1 2020, worth a combined $1.52B — down 61% from $3.93B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of THC and 46 opened new positions — a net loss of 7 holders — while 73 trimmed existing stakes and 91 added.

The largest buyer was Nantahala Capital Management, adding an estimated $29.5M. The largest seller was Cyrus Capital Partners, exiting entirely with an estimated $75M sold.

  • 254 institutional investors held Tenet Healthcare (THC) as of Q1 2020, down from 265 in Q4 2019.
  • Funds reported $1.52B of Tenet Healthcare stock for Q1 2020, down 61% quarter-over-quarter.
  • 46 funds opened new Tenet Healthcare positions in Q1 2020 and 53 closed out, a net change of -7 holders.
  • The largest Tenet Healthcare buyer in Q1 2020 was Nantahala Capital Management, an estimated $29.5M added.
  • The largest Tenet Healthcare seller in Q1 2020 was Cyrus Capital Partners, an estimated $75M sold.

Based on aggregated 13F filings for Q1 2020.