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Tenet Healthcare
THC

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
257
Holders Change
-7
Holders Change %
-2.65%
% of All Funds
6.42%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
55
Increased
82
Reduced
84
Closed
59
Calls
$43.6M
Puts
$42.3M
Net Calls
+$1.31M
Net Calls Change
+$929K

Top Buyers

Rank Fund Capital Flow
1
O
OrbiMed
New York
+$30.9M
2
EM
Elliott Management
New York
+$26.8M
3
Renaissance Technologies
Renaissance Technologies
New York
+$23.8M
4
Invesco
Invesco
Georgia
+$18.2M
5
HI
HBK Investments
Texas
+$14.6M

Top Sellers

Rank Fund Capital Flow
1
CCM
Camber Capital Management
Massachusetts
-$56.6M
2
LCOV
London Company of Virginia
Virginia
-$28.1M
3
Harris Associates
Harris Associates
Illinois
-$17.1M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$16.5M
5
QF
QVT Financial
New York
-$15.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
176
LPL Financial
California
$280K -$16.1K -898 -5%
Nomura Holdings
177
Nomura Holdings
Japan
$257K +$310K +17,305 New
AIM
178
Acrospire Investment Management
Illinois
$256K +$121K +6,756 +64%
PA
179
Profund Advisors
Maryland
$245K +$81.9K +4,568 +38%
AB
180
Amalgamated Bank
New York
$230K +$26.7K +1,489 +11%
Fifth Third Bancorp
181
Fifth Third Bancorp
Ohio
$221K -$489K -27,266 -65%
URS
182
Utah Retirement Systems
Utah
$216K – – –
Credit Agricole
183
Credit Agricole
France
$209K – – –
GCP
184
GSA Capital Partners
United Kingdom
$206K +$51.2K +2,856 +26%
Thrivent Financial for Lutherans
185
Thrivent Financial for Lutherans
Minnesota
$205K +$24.4K +1,360 +11%
NMIMC
186
Northwestern Mutual Investment Management Company
Wisconsin
$204K +$484 +27 +0.2%
SFM
187
Soros Fund Management
New York
$200K +$242K +13,500 New
LCM
188
Laurion Capital Management
New York
$197K +$239K +13,300 New
Canada Pension Plan Investment Board
189
Canada Pension Plan Investment Board
Ontario, Canada
$184K -$1.14M -63,800 -84%
BCM
190
BlueCrest Capital Management
Jersey
$179K -$370K -20,615 -63%
COPPSERS
191
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$175K +$448 +25 +0.2%
EMG
192
Ellington Management Group
Connecticut
$148K +$179K +10,000 New
SAM
193
Securian Asset Management
Minnesota
$147K +$3.89K +217 +2%
PHK
194
Point72 Hong Kong
Hong Kong
$141K +$22.9K +1,278 +15%
WAM
195
Wolverine Asset Management
Illinois
$129K +$156K +8,700 New
FMT
196
First Mercantile Trust
Tennessee
$119K +$35.9K +2,000 +33%
WCBA
197
Weaver C. Barksdale & Associates
Tennessee
$113K +$65.2K +3,635 +91%
ST
198
Smithfield Trust
Pennsylvania
$104K -$144K -8,046 -53%
Bank of Montreal
199
Bank of Montreal
Ontario, Canada
$88K +$67.1K +3,741 +184%
Point72 Asset Management
200
Point72 Asset Management
Connecticut
$79K -$7.36M -410,100 -99%
6 7
8
9 10

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.