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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
Russell Investments Group
176
Russell Investments Group
United Kingdom
$160K – – –
NMIMC
177
Northwestern Mutual Investment Management Company
Wisconsin
$160K +$338 +24 +0.2%
WS
178
Wedbush Securities
California
$156K -$5.63K -400 -4%
XK
179
Xact Kapitalforvaltning
Sweden
$153K +$142K +10,118 New
SAM
180
Securian Asset Management
Minnesota
$151K -$2.5K -178 -2%
FMT
181
First Mercantile Trust
Tennessee
$148K – – –
TAM
182
Tyers Asset Management
Texas
$142K +$28.4K +2,016 +27%
WCBA
183
Weaver C. Barksdale & Associates
Tennessee
$111K +$17.4K +1,235 +20%
NA
184
Neuburgh Advisers
California
$111K +$22.3K +1,584 +27%
CBOA
185
Commonwealth Bank of Australia
Australia
$100K -$473K -33,600 -83%
Zurich Cantonal Bank
186
Zurich Cantonal Bank
Switzerland
$84K +$21.2K +1,508 +37%
MCIM
187
Meadow Creek Investment Management
Georgia
$81K +$16.2K +1,152 +27%
CG
188
Cutler Group
California
$73K -$1.53M -108,525 -96%
AAMU
189
Amundi Asset Management US
Massachusetts
$72K +$66.6K +4,730 New
II
190
Inspire Investing
Idaho
$60K +$55.9K +3,969 New
PAM
191
Panagora Asset Management
Massachusetts
$56K -$79K -5,616 -60%
AIS
192
AlphaOne Investment Services
Pennsylvania
$56K +$22.9K +1,629 +80%
MOS
193
MGO One Seven
Ohio
$49K +$45.2K +3,210 New
QT
194
Quantbot Technologies
New York
$48K +$45.1K +3,207 New
LIA
195
LS Investment Advisors
Michigan
$45K -$7.8K -554 -16%
US Bancorp
196
US Bancorp
Minnesota
$38K -$4.77K -339 -12%
RE
197
RBC Europe
United Kingdom
$31.2K – – –
CSS
198
Cubist Systematic Strategies
Connecticut
$30K -$129K -9,164 -82%
GT
199
Glenmede Trust
Pennsylvania
$25K +$3.17K +225 +16%
Toronto Dominion Bank
200
Toronto Dominion Bank
Ontario, Canada
$17K +$15.5K +1,100 New
6 7
8
9 10

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.