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Tenet Healthcare
THC

680 hedge funds and large institutions have $17B invested in Tenet Healthcare in 2025 Q3 according to their latest regulatory filings, with 128 funds opening new positions, 207 increasing their positions, 260 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 128 | Existing positions closed: 64

27% more call options, than puts

Call options by funds: $397M | Put options by funds: $313M

11% more capital invested

Capital invested by funds: $15.2B → $17B (+$1.74B)

9% more funds holding

Funds holding: 626 → 680 (+54)

1.41% more ownership

Funds ownership: 93.2% → 94.61% (+1.4%)

20% less repeat investments, than reductions

Existing positions increased: 207 | Existing positions reduced: 260

28% less funds holding in top 10

Funds holding in top 10: 18 → 13 (-5)

Holders
680
Holders Change
+54
Holders Change %
+8.63%
% of All Funds
8.93%
Holding in Top 10
13
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-27.78%
% of All Funds
0.17%
New
128
Increased
207
Reduced
260
Closed
64
Calls
$397M
Puts
$313M
Net Calls
+$84M
Net Calls Change
-$13.9M

Top Buyers

1
EC
Eminence Capital
New York
+$197M
2
Boston Partners
Boston Partners
Massachusetts
+$156M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$128M
4
WCM Investment Management
WCM Investment Management
California
+$64.2M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
+$63.8M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$137M
2
Invesco
Invesco
Georgia
-$121M
3
GCM
Glenview Capital Management
New York
-$108M
4
Holocene Advisors
Holocene Advisors
New York
-$103M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$83.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
OAM
126
Oppenheimer Asset Management
New York
$10.3M -$1.38M -7,774 -13%
AG
127
Algert Global
California
$10.2M +$1.6M +9,000 +22%
ECM
128
Explore Capital Management
Delaware
$10.2M -$1.99M -11,200 -18%
Comerica Bank
129
Comerica Bank
Texas
$9.93M -$497K -2,800 -5%
WorldQuant Millennium Advisors
130
WorldQuant Millennium Advisors
New York
$9.92M +$8.67M +48,853 New
SDIC
131
South Dakota Investment Council
South Dakota
$9.91M -$656K -3,700 -7%
GC
132
Globeflex Capital
California
$9.83M – – –
Russell Investments Group
133
Russell Investments Group
United Kingdom
$9.35M -$833K -4,693 -9%
Susquehanna International Group
134
Susquehanna International Group
Pennsylvania
$9.29M -$7.18M -40,474 -47%
SIA
135
Sit Investment Associates
Minnesota
$9.26M +$2.08M +11,700 +34%
Carson Wealth (CWM LLC)
136
Carson Wealth (CWM LLC)
Nebraska
$9.23M +$4.85M +27,320 +150%
MIM
137
MetLife Investment Management
New Jersey
$9.22M -$817K -4,605 -9%
AC
138
Amitell Capital
Singapore
$9.05M -$1.52M -8,550 -16%
Janus Henderson Group
139
Janus Henderson Group
United Kingdom
$8.4M +$198K +1,114 +3%
OSAM
140
O'Shaughnessy Asset Management
Connecticut
$8.35M -$659K -3,713 -8%
BG
141
Bellevue Group
Switzerland
$8.2M +$7.16M +40,372 New
AB
142
Amalgamated Bank
New York
$8.2M -$372K -2,099 -5%
Schroder Investment Management Group
143
Schroder Investment Management Group
United Kingdom
$8.15M +$4.48M +25,262 +166%
NAAA
144
New Age Alpha Advisors
New York
$8.12M -$183K -1,029 -3%
HI
145
Horizon Investments
North Carolina
$7.99M -$409K -2,308 -6%
Teacher Retirement System of Texas
146
Teacher Retirement System of Texas
Texas
$7.97M -$555K -3,126 -7%
Natixis Advisors
147
Natixis Advisors
Massachusetts
$7.92M -$97K -547 -1%
PFSRSONJ
148
Police & Firemen's Retirement System of New Jersey
New Jersey
$7.8M +$637K +3,589 +10%
VCM
149
Voleon Capital Management
California
$7.77M +$6.79M +38,268 New
WG
150
Winton Group
United Kingdom
$7.75M +$6.77M +38,161 New
4 5
6
7 8

THC Hedge Fund Activity: Q3 2025 in Review

680 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q3 2025, worth a combined $17B — up 11% from $15.2B a quarter earlier.

Buyers outnumbered sellers: 128 funds opened new THC positions and 64 closed out — a net gain of 64 holders — while 207 added to existing stakes and 260 trimmed.

The largest buyer was Eminence Capital, opening a new position worth an estimated $197M. The largest seller was Citadel Advisors, cutting an estimated $137M.

  • 680 institutional investors held Tenet Healthcare (THC) as of Q3 2025, up from 626 in Q2 2025.
  • Funds reported $17B of Tenet Healthcare stock for Q3 2025, up 11% quarter-over-quarter.
  • 128 funds opened new Tenet Healthcare positions in Q3 2025 and 64 closed out, a net change of +64 holders.
  • The largest Tenet Healthcare buyer in Q3 2025 was Eminence Capital, an estimated $197M added.
  • The largest Tenet Healthcare seller in Q3 2025 was Citadel Advisors, an estimated $137M sold.

Based on aggregated 13F filings for Q3 2025.