Tenet Healthcare
245 hedge funds and large institutions have $2.19B invested in Tenet Healthcare in 2019 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 99 increasing their positions, 77 reducing their positions, and 48 closing their positions.
160% more call options, than puts
Call options by funds: $113M | Put options by funds: $43.7M
29% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 77
2.02% more ownership
Funds ownership: 100.83% → 102.86% (+2%)
6% less funds holding
Funds holding: 260 → 245 (-15)
23% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 48
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
27% less capital invested
Capital invested by funds: $2.99B → $2.19B (-$804M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PHS
PFM Health Sciences
San Francisco,
California
|
+$34.2M |
| 2 |
BlackRock
New York
|
+$22.8M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$17.9M |
| 4 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
+$17.3M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$13.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$26.3M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$16.8M |
| 3 |
Two Sigma Investments
New York
|
-$16.2M |
| 4 |
BCM
Brigade Capital Management
New York
|
-$16M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$11.2M |
THC Hedge Fund Activity: Q2 2019 in Review
245 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q2 2019, worth a combined $2.19B — down 27% from $2.99B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of THC and 37 opened new positions — a net loss of 11 holders — while 77 trimmed existing stakes and 99 added.
The largest buyer was PFM Health Sciences, opening a new position worth an estimated $34.2M. The largest seller was Hudson Bay Capital Management, cutting an estimated $26.3M.
- 245 institutional investors held Tenet Healthcare (THC) as of Q2 2019, down from 260 in Q1 2019.
- Funds reported $2.19B of Tenet Healthcare stock for Q2 2019, down 27% quarter-over-quarter.
- 37 funds opened new Tenet Healthcare positions in Q2 2019 and 48 closed out, a net change of -11 holders.
- The largest Tenet Healthcare buyer in Q2 2019 was PFM Health Sciences, an estimated $34.2M added.
- The largest Tenet Healthcare seller in Q2 2019 was Hudson Bay Capital Management, an estimated $26.3M sold.
Based on aggregated 13F filings for Q2 2019.