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Tenet Healthcare
THC

325 hedge funds and large institutions have $4.89B invested in Tenet Healthcare in 2014 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 122 increasing their positions, 102 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 45

20% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 102

4% more funds holding

Funds holding: 312 → 325 (+13)

0.88% less ownership

Funds ownership: 99.11% → 98.24% (-0.88%)

15% less capital invested

Capital invested by funds: $5.76B → $4.89B (-$865M)

40% less funds holding in top 10

Funds holding in top 10: 10 → 6 (-4)

74% less call options, than puts

Call options by funds: $46.9M | Put options by funds: $181M

Holders
325
Holders Change
+13
Holders Change %
+4.17%
% of All Funds
8.67%
Holding in Top 10
6
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-40%
% of All Funds
0.16%
New
61
Increased
122
Reduced
102
Closed
45
Calls
$46.9M
Puts
$181M
Net Calls
-$134M
Net Calls Change
-$135M

Top Buyers

1
WRF
Waddell & Reed Financial
Kansas
+$75.3M
2
CC
Carlson Capital
Texas
+$51.2M
3
JHIU
Janus Henderson Investors US
Colorado
+$41.9M
4
BIT
BlackRock Institutional Trust
California
+$35M
5
JP Morgan Chase
JP Morgan Chase
New York
+$20.3M

Top Sellers

1
CGM
Capital Growth Management
Massachusetts
-$117M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$115M
3
SCM
Sirios Capital Management
Massachusetts
-$79.1M
4
Goldman Sachs
Goldman Sachs
New York
-$70.4M
5
VAM
Visium Asset Management
New York
-$44.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
1
Glenview Capital Management
New York
$700M – – –
Vanguard Group
2
Vanguard Group
Pennsylvania
$365M +$11.2M +214,432 +3%
Harris Associates
3
Harris Associates
Illinois
$306M +$4.51M +86,350 +1%
LCOV
4
London Company of Virginia
Virginia
$243M -$2.89M -55,285 -1%
WRF
5
Waddell & Reed Financial
Kansas
$206M +$75.3M +1,440,700 +55%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$202M -$115M -2,192,917 -35%
State Street
7
State Street
Massachusetts
$187M +$5.21M +99,682 +3%
BIT
8
BlackRock Institutional Trust
California
$165M +$35M +669,541 +26%
Invesco
9
Invesco
Georgia
$108M -$17.6M -336,217 -14%
T. Rowe Price Associates
10
T. Rowe Price Associates
Maryland
$101M +$1.55M +29,700 +2%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$97M +$7.12M +136,193 +8%
JHIU
12
Janus Henderson Investors US
Colorado
$85.3M +$41.9M +801,316 +91%
BFA
13
BlackRock Fund Advisors
California
$79.1M +$2.92M +55,791 +4%
OIM
14
Oracle Investment Management
Connecticut
$65.5M -$618K -11,825 -0.9%
CCI
15
Columbus Circle Investors
$65M +$11.9M +228,611 +22%
QF
16
QVT Financial
New York
$58.5M -$16.4M -313,352 -21%
BA
17
BlackRock Advisors
Delaware
$56.3M -$5.32M -101,834 -8%
First Trust Advisors
18
First Trust Advisors
Illinois
$54.9M -$2.09K -40 -0%
D.E. Shaw & Co
19
D.E. Shaw & Co
New York
$51.3M +$4.52M +86,397 +9%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$49.8M -$2.27M -43,391 -4%
Northern Trust
21
Northern Trust
Illinois
$49.7M +$761K +14,553 +2%
CC
22
Carlson Capital
Texas
$49.6M +$51.2M +979,540 New
FAM
23
Fred Alger Management
New York
$44.8M +$19M +363,911 +70%
Norges Bank
24
Norges Bank
Norway
$41.1M -$1.88M -35,971 -4%
WJA
25
Williams Jones & Associates
New York
$37.6M +$2.68M +51,240 +7%
1
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THC Hedge Fund Activity: Q4 2014 in Review

325 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q4 2014, worth a combined $4.89B — down 15% from $5.76B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new THC positions and 45 closed out — a net gain of 16 holders — while 122 added to existing stakes and 102 trimmed.

The largest buyer was Waddell & Reed Financial, adding an estimated $75.3M. The largest seller was Capital Growth Management, exiting entirely with an estimated $117M sold.

  • 325 institutional investors held Tenet Healthcare (THC) as of Q4 2014, up from 312 in Q3 2014.
  • Funds reported $4.89B of Tenet Healthcare stock for Q4 2014, down 15% quarter-over-quarter.
  • 61 funds opened new Tenet Healthcare positions in Q4 2014 and 45 closed out, a net change of +16 holders.
  • The largest Tenet Healthcare buyer in Q4 2014 was Waddell & Reed Financial, an estimated $75.3M added.
  • The largest Tenet Healthcare seller in Q4 2014 was Capital Growth Management, an estimated $117M sold.

Based on aggregated 13F filings for Q4 2014.