Tenet Healthcare
705 hedge funds and large institutions have $16.8B invested in Tenet Healthcare in 2025 Q4 according to their latest regulatory filings, with 109 funds opening new positions, 257 increasing their positions, 254 reducing their positions, and 71 closing their positions.
55% more call options, than puts
Call options by funds: $339M | Put options by funds: $218M
54% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 71
4% more funds holding
Funds holding: 680 → 705 (+25)
1.61% more ownership
Funds ownership: 94.61% → 96.21% (+1.6%)
1% more repeat investments, than reductions
Existing positions increased: 257 | Existing positions reduced: 254
1% less capital invested
Capital invested by funds: $17B → $16.8B (-$163M)
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$361M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$211M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$99.9M |
| 4 |
D.E. Shaw & Co
New York
|
+$89.9M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$76.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$206M |
| 2 |
Millennium Management
New York
|
-$107M |
| 3 |
EC
Eminence Capital
New York
|
-$100M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$90.3M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$78.6M |
THC Hedge Fund Activity: Q4 2025 in Review
705 institutional investors reported a position in Tenet Healthcare (THC) for Q4 2025, worth a combined $16.8B — down 0.96% from $17B a quarter earlier.
Buyers outnumbered sellers: 109 funds opened new THC positions and 71 closed out — a net gain of 38 holders — while 257 added to existing stakes and 254 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $361M. The largest seller was Citadel Advisors, cutting an estimated $206M.
- 705 institutional investors held Tenet Healthcare (THC) as of Q4 2025, up from 680 in Q3 2025.
- Funds reported $16.8B of Tenet Healthcare stock for Q4 2025, down 0.96% quarter-over-quarter.
- 109 funds opened new Tenet Healthcare positions in Q4 2025 and 71 closed out, a net change of +38 holders.
- The largest Tenet Healthcare buyer in Q4 2025 was Lone Pine Capital, an estimated $361M added.
- The largest Tenet Healthcare seller in Q4 2025 was Citadel Advisors, an estimated $206M sold.
Based on aggregated 13F filings for Q4 2025.