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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
WAM
201
Westport Asset Management
Connecticut
$16K – – –
LTFS
202
Ladenburg Thalmann Financial Services
Florida
$14K – – –
TRCT
203
Tower Research Capital (TRC)
New York
$13K -$17.8K -1,267 -59%
RWA
204
Ropes Wealth Advisors
Massachusetts
$13K – – –
Northwestern Mutual Wealth Management
205
Northwestern Mutual Wealth Management
Wisconsin
$13K +$1.18K +84 +11%
Bessemer Group
206
Bessemer Group
New Jersey
$11K -$6.25K -444 -37%
PHK
207
Point72 Hong Kong
Hong Kong
$10K +$9.2K +654 New
ClearBridge Investments
208
ClearBridge Investments
New York
$8K -$1.41K -100 -17%
QCG
209
Quadrant Capital Group
Ohio
$7K +$1.28K +91 +20%
TFS
210
TrustCore Financial Services
Tennessee
$6K +$5.28K +375 New
GEA
211
Glen Eagle Advisors
New Jersey
$5.76K – – –
PNC Financial Services Group
212
PNC Financial Services Group
Pennsylvania
$5K -$23.6K -1,680 -86%
Envestnet Asset Management
213
Envestnet Asset Management
Illinois
$5K -$1.13K -80 -20%
FDCDDQ
214
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.4K – – –
Acadian Asset Management
215
Acadian Asset Management
Massachusetts
$4K – – –
AIM
216
Anchor Investment Management
South Carolina
$3.79K – – –
WAM
217
Wealthspire Advisors (Maryland)
Maryland
$3K +$310 +22 +11%
NCM
218
Nelson Capital Management
California
$3K +$2.34K +166 New
AG
219
Advisor Group
Arizona
$2K -$1.01K -72 -26%
Carson Wealth (CWM LLC)
220
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
NIT
221
NumerixS Investment Technologies
British Columbia, Canada
$2K +$1.41K +100 New
CFA
222
Carroll Financial Associates
North Carolina
$1K – – –
EWM
223
Edge Wealth Management
New York
$1K – – –
EWM
224
Evercore Wealth Management
New York
$1K – – –
SBL
225
Sargent Bickham Lagudis
Colorado
$1K – – –
7 8
9
10 11

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.