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Tenet Healthcare
THC

239 hedge funds and large institutions have $1.86B invested in Tenet Healthcare in 2020 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 90 increasing their positions, 70 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

29% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 70

23% more capital invested

Capital invested by funds: $1.52B → $1.86B (+$344M)

18% more call options, than puts

Call options by funds: $62.8M | Put options by funds: $53.3M

2.92% less ownership

Funds ownership: 100.71% → 97.79% (-2.9%)

6% less funds holding

Funds holding: 254 → 239 (-15)

28% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 50

Holders
239
Holders Change
-15
Holders Change %
-5.91%
% of All Funds
4.9%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.12%
New
36
Increased
90
Reduced
70
Closed
50
Calls
$62.8M
Puts
$53.3M
Net Calls
+$9.48M
Net Calls Change
+$5.66M

Top Buyers

1
RCMNY
Rubric Capital Management (New York)
New York
+$16.9M
2
Goldman Sachs
Goldman Sachs
New York
+$16.4M
3
CHCM
Columbus Hill Capital Management
New Jersey
+$15.8M
4
LBA
Letko, Brosseau & Associates
Quebec, Canada
+$12.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$12.7M

Top Sellers

1
CCM
Camber Capital Management
Massachusetts
-$50.4M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$27.4M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$12.6M
4
Morgan Stanley
Morgan Stanley
New York
-$11.7M
5
Citadel Advisors
Citadel Advisors
Florida
-$11.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
1
Glenview Capital Management
New York
$358M +$507K +25,728 +0.1%
BlackRock
2
BlackRock
New York
$224M +$6.41M +325,238 +3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$218M -$12.6M -641,393 -5%
Harris Associates
4
Harris Associates
Illinois
$119M +$3.98M +202,204 +3%
State Street
5
State Street
Massachusetts
$63.3M +$1.04M +52,803 +2%
LBA
6
Letko, Brosseau & Associates
Quebec, Canada
$52.8M +$12.7M +645,600 +28%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$45.7M -$5.09M -258,276 -9%
NCM
8
Nantahala Capital Management
Connecticut
$40.7M +$2.25M +113,953 +5%
JP Morgan Chase
9
JP Morgan Chase
New York
$33.8M -$684K -34,729 -2%
Goldman Sachs
10
Goldman Sachs
New York
$32.9M +$16.4M +832,130 +84%
DKCM
11
Davidson Kempner Capital Management
New York
$32.8M – – –
Northern Trust
12
Northern Trust
Illinois
$31.3M +$712K +36,159 +2%
NTCM
13
Nut Tree Capital Management
New York
$29.9M – – –
Geode Capital Management
14
Geode Capital Management
Massachusetts
$29.6M +$94.4K +4,789 +0.3%
RCM
15
Redwood Capital Management
New York
$27.1M – – –
Acadian Asset Management
16
Acadian Asset Management
Massachusetts
$27.1M -$613K -31,121 -2%
Norges Bank
17
Norges Bank
Norway
$24.3M +$141K +7,142 +0.5%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$24.1M +$2.04M +103,702 +8%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$23.3M +$12.7M +644,699 +101%
Invesco
20
Invesco
Georgia
$16.6M +$9.35M +474,584 +107%
Charles Schwab
21
Charles Schwab
California
$15.6M -$91.2K -4,629 -0.5%
RCMNY
22
Rubric Capital Management (New York)
New York
$15.5M +$16.9M +856,176 New
CHCM
23
Columbus Hill Capital Management
New Jersey
$14.5M +$15.8M +802,839 New
Renaissance Technologies
24
Renaissance Technologies
New York
$11.7M +$2.1M +106,500 +20%
N
25
Nuveen
North Carolina
$11.5M -$1.22M -62,134 -9%
1
2 3 4 5

THC Hedge Fund Activity: Q2 2020 in Review

239 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q2 2020, worth a combined $1.86B — up 23% from $1.52B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of THC and 36 opened new positions — a net loss of 14 holders — while 70 trimmed existing stakes and 90 added.

The largest buyer was Rubric Capital Management (New York), opening a new position worth an estimated $16.9M. The largest seller was Camber Capital Management, exiting entirely with an estimated $50.4M sold.

  • 239 institutional investors held Tenet Healthcare (THC) as of Q2 2020, down from 254 in Q1 2020.
  • Funds reported $1.86B of Tenet Healthcare stock for Q2 2020, up 23% quarter-over-quarter.
  • 36 funds opened new Tenet Healthcare positions in Q2 2020 and 50 closed out, a net change of -14 holders.
  • The largest Tenet Healthcare buyer in Q2 2020 was Rubric Capital Management (New York), an estimated $16.9M added.
  • The largest Tenet Healthcare seller in Q2 2020 was Camber Capital Management, an estimated $50.4M sold.

Based on aggregated 13F filings for Q2 2020.