Tenet Healthcare
265 hedge funds and large institutions have $2.3B invested in Tenet Healthcare in 2016 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 80 increasing their positions, 107 reducing their positions, and 36 closing their positions.
17% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 36
2% more funds holding
Funds holding: 261 → 265 (+4)
1% more call options, than puts
Call options by funds: $72.2M | Put options by funds: $71.8M
0.3% less ownership
Funds ownership: 102.36% → 102.07% (-0.3%)
18% less capital invested
Capital invested by funds: $2.81B → $2.3B (-$506M)
25% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 107
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$55M |
| 2 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
+$35.8M |
| 3 |
O
OrbiMed
New York
|
+$28.1M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$24.9M |
| 5 |
D.E. Shaw & Co
New York
|
+$22.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$112M |
| 2 |
GA
Glenhill Advisors
New York
|
-$35.9M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$32.9M |
| 4 |
BM
Bridger Management
New York
|
-$25M |
| 5 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
-$22.8M |
THC Hedge Fund Activity: Q3 2016 in Review
265 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q3 2016, worth a combined $2.3B — down 18% from $2.81B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new THC positions and 36 closed out — a net gain of 6 holders — while 80 added to existing stakes and 107 trimmed.
The largest buyer was BlackRock Advisors, adding an estimated $55M. The largest seller was Fidelity Investments, cutting an estimated $112M.
- 265 institutional investors held Tenet Healthcare (THC) as of Q3 2016, up from 261 in Q2 2016.
- Funds reported $2.3B of Tenet Healthcare stock for Q3 2016, down 18% quarter-over-quarter.
- 42 funds opened new Tenet Healthcare positions in Q3 2016 and 36 closed out, a net change of +6 holders.
- The largest Tenet Healthcare buyer in Q3 2016 was BlackRock Advisors, an estimated $55M added.
- The largest Tenet Healthcare seller in Q3 2016 was Fidelity Investments, an estimated $112M sold.
Based on aggregated 13F filings for Q3 2016.