Tenet Healthcare
245 hedge funds and large institutions have $2.48B invested in Tenet Healthcare in 2020 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 64 increasing their positions, 92 reducing their positions, and 31 closing their positions.
67% more call options, than puts
Call options by funds: $89.7M | Put options by funds: $53.7M
33% more capital invested
Capital invested by funds: $1.86B → $2.48B (+$620M)
23% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 31
3% more funds holding
Funds holding: 239 → 245 (+6)
2.11% less ownership
Funds ownership: 97.79% → 95.68% (-2.1%)
30% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 92
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
+$25.6M |
| 2 |
HM
HealthCor Management
New York
|
+$25.2M |
| 3 |
Millennium Management
New York
|
+$24.8M |
| 4 |
Goldman Sachs
New York
|
+$17.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$16.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$37.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$16.9M |
| 3 |
Renaissance Technologies
New York
|
-$15.9M |
| 4 |
BlackRock
New York
|
-$12.7M |
| 5 |
RCM
Redwood Capital Management
New York
|
-$11.1M |
THC Hedge Fund Activity: Q3 2020 in Review
245 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Tenet Healthcare (THC) for Q3 2020, worth a combined $2.48B — up 33% from $1.86B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new THC positions and 31 closed out — a net gain of 7 holders — while 64 added to existing stakes and 92 trimmed.
The largest buyer was Camber Capital Management, opening a new position worth an estimated $25.6M. The largest seller was Nantahala Capital Management, cutting an estimated $37.4M.
- 245 institutional investors held Tenet Healthcare (THC) as of Q3 2020, up from 239 in Q2 2020.
- Funds reported $2.48B of Tenet Healthcare stock for Q3 2020, up 33% quarter-over-quarter.
- 38 funds opened new Tenet Healthcare positions in Q3 2020 and 31 closed out, a net change of +7 holders.
- The largest Tenet Healthcare buyer in Q3 2020 was Camber Capital Management, an estimated $25.6M added.
- The largest Tenet Healthcare seller in Q3 2020 was Nantahala Capital Management, an estimated $37.4M sold.
Based on aggregated 13F filings for Q3 2020.