Tenet Healthcare
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, 89 increasing their positions, 70 reducing their positions, and 50 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
27% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 70
23% more capital invested
Capital invested by funds: $1.51B → $1.86B (+$344M)
18% more call options, than puts
Call options by funds: $62.8M | Put options by funds: $53.3M
2.86% less ownership
Funds ownership: 100.65% → 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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$16.9M |
| 2 |
Goldman Sachs
New York
|
+$16.4M |
| 3 |
CHCM
Columbus Hill Capital Management
Short Hills,
New Jersey
|
+$15.8M |
| 4 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$12.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
-$50.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$27.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$12.6M |
| 4 |
Morgan Stanley
New York
|
-$11.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$11.3M |
THC Hedge Fund Activity: Q2 2020 in Review
239 of the 4,888 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 $1.51B 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 89 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.