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Tenet Healthcare
THC

254 hedge funds and large institutions have $1.52B invested in Tenet Healthcare in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 91 increasing their positions, 73 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 73

1.07% more ownership

Funds ownership: 99.65% → 100.71% (+1.1%)

10% more call options, than puts

Call options by funds: $43.5M | Put options by funds: $39.7M

4% less funds holding

Funds holding: 265 → 254 (-11)

13% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 53

43% less funds holding in top 10

Funds holding in top 10: 7 → 4 (-3)

61% less capital invested

Capital invested by funds: $3.93B → $1.52B (-$2.42B)

Holders
254
Holders Change
-11
Holders Change %
-4.15%
% of All Funds
5.6%
Holding in Top 10
4
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-42.86%
% of All Funds
0.09%
New
46
Increased
91
Reduced
73
Closed
53
Calls
$43.5M
Puts
$39.7M
Net Calls
+$3.82M
Net Calls Change
-$89.3M

Top Buyers

1
NCM
Nantahala Capital Management
Connecticut
+$29.5M
2
CCM
Camber Capital Management
Massachusetts
+$28.7M
3
MCM
Mudrick Capital Management
New York
+$17.9M
4
NTCM
Nut Tree Capital Management
New York
+$15.8M
5
Renaissance Technologies
Renaissance Technologies
New York
+$14.7M

Top Sellers

1
CCP
Cyrus Capital Partners
New York
-$75M
2
JP Morgan Chase
JP Morgan Chase
New York
-$19.1M
3
APG Asset Management
APG Asset Management
Netherlands
-$16.4M
4
BlackRock
BlackRock
New York
-$16.2M
5
CRCP
Copper Rock Capital Partners
Massachusetts
-$14.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
1
Glenview Capital Management
New York
$284M – – –
Vanguard Group
2
Vanguard Group
Pennsylvania
$183M +$7.33M +255,421 +2%
BlackRock
3
BlackRock
New York
$174M -$16.2M -563,288 -4%
Harris Associates
4
Harris Associates
Illinois
$92M +$5.91M +205,745 +3%
CCM
5
Camber Capital Management
Massachusetts
$50.4M +$28.7M +1,000,000 +40%
State Street
6
State Street
Massachusetts
$49.6M +$1.17M +40,630 +1%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$40.1M -$2.06M -71,833 -3%
LBA
8
Letko, Brosseau & Associates
Quebec, Canada
$32.7M -$1.88M -65,335 -3%
NCM
9
Nantahala Capital Management
Connecticut
$30.7M +$29.5M +1,029,257 +93%
JP Morgan Chase
10
JP Morgan Chase
New York
$27.4M -$19.1M -665,962 -26%
DKCM
11
Davidson Kempner Capital Management
New York
$26.1M +$10.8M +375,551 +26%
Northern Trust
12
Northern Trust
Illinois
$24.4M +$313K +10,891 +0.6%
NTCM
13
Nut Tree Capital Management
New York
$23.8M +$15.8M +550,000 +50%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$23.4M +$2.93M +102,145 +7%
Acadian Asset Management
15
Acadian Asset Management
Massachusetts
$22M +$3.71M +129,205 +9%
RCM
16
Redwood Capital Management
New York
$21.6M -$3.8M -132,247 -8%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$20M -$4.95M -172,426 -11%
Norges Bank
18
Norges Bank
Norway
$19.2M – – –
Bank of New York Mellon
19
Bank of New York Mellon
New York
$17.7M -$2.61M -90,954 -7%
Goldman Sachs
20
Goldman Sachs
New York
$14.2M +$1.65M +57,343 +6%
Charles Schwab
21
Charles Schwab
California
$12.5M +$693K +24,125 +3%
Morgan Stanley
22
Morgan Stanley
New York
$11M +$3.93M +136,807 +22%
N
23
Nuveen
North Carolina
$10M -$11.5M -401,343 -37%
PPA
24
Parametric Portfolio Associates
Washington
$9.38M +$361K +12,581 +2%
Arrowstreet Capital
25
Arrowstreet Capital
Massachusetts
$9.23M +$11M +381,814 +147%
1
2 3 4 5

THC Hedge Fund Activity: Q1 2020 in Review

254 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q1 2020, worth a combined $1.52B — down 61% from $3.93B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of THC and 46 opened new positions — a net loss of 7 holders — while 73 trimmed existing stakes and 91 added.

The largest buyer was Nantahala Capital Management, adding an estimated $29.5M. The largest seller was Cyrus Capital Partners, exiting entirely with an estimated $75M sold.

  • 254 institutional investors held Tenet Healthcare (THC) as of Q1 2020, down from 265 in Q4 2019.
  • Funds reported $1.52B of Tenet Healthcare stock for Q1 2020, down 61% quarter-over-quarter.
  • 46 funds opened new Tenet Healthcare positions in Q1 2020 and 53 closed out, a net change of -7 holders.
  • The largest Tenet Healthcare buyer in Q1 2020 was Nantahala Capital Management, an estimated $29.5M added.
  • The largest Tenet Healthcare seller in Q1 2020 was Cyrus Capital Partners, an estimated $75M sold.

Based on aggregated 13F filings for Q1 2020.