Acadia Healthcare

ACHC • NASDAQ

Acadia Healthcare is a medical - care facilities company in the healthcare sector on NASDAQ, led by Christopher H. Hunter, with a market cap of $1.3B. As of Q3 2025, 123% of shares are held by 264 institutional investors, with BlackRock, Inc. as the largest holder at 11.94%.

Chief Executive OfficerChristopher H. Hunter

Market Cap$1.3B

Medical - Care Facilities

Healthcare

Employees23.5K

Websiteacadiahealthcare.com

Country

United States of America

Overview

Overview of institutional ownership in ACHC as of Q3 2025 with a market cap of $2.3B

All Institutions

Institutions: 264
Value Held: $2.8B
Shares Held: 113.6M
Avg Position: $10.7M
Median Position: $710.1K

Hedge Funds

Hedge Funds: 44
Value Held: $830.8M
Shares Held: 33.6M
Avg Position: $18.9M
Median Position: $6.8M

Ownership Breakdown

Institutional (non-HF)

86.76%

$2.0B

Hedge Funds

36.34%

$830.8M

Retail & Other

Based on market cap of $2.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ACHC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$272.9M 0.00% of portfolio	11.94% 11.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$233.3M 0.04% of portfolio	10.20% 9.4M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$233.2M 0.00% of portfolio	10.20% 9.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$150.7M 0.01% of portfolio	6.59% 6.1M shares	Q1 2015 Held for 10y 8m	$1.92T
Khrom Capital Management LLC Hedge Fund•Value	Eric Eleazar Khrom CIO	$124.7M 12.96% of portfolio	5.45% 5.0M shares	Q4 2024 Held for 11 months	$962.3M
A ABRAMS BISON INVESTMENTS, LLC RIA/Wealth	Gavin M Abrams Managing Partner	$108.4M 8.50% of portfolio	4.74% 4.4M shares	Q1 2025 Held for 8 months	$1.3B
UBS Group AG Institution	Sergio P. Ermotti CEO	$107.4M 0.02% of portfolio	4.70% 4.3M shares	Q4 2014 Held for 10y 11m	$511.54B
Sachem Head Capital Management LP Hedge Fund•Long/Short	Scott David Ferguson Managing Partner	$104.4M 2.78% of portfolio	4.56% 4.2M shares	Q4 2024 Held for 11 months	$3.8B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$79.0M 0.00% of portfolio	3.45% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	Jessica Opland Managing Partner	$74.4M 0.98% of portfolio	3.26% 3.0M shares	Q4 2024 Held for 11 months	$7.6B

Net Capital Flow

Institutional buying and selling activity for ACHC in Q3 2025

Traded: +$202.6M
Buyers: 145
Sellers: 148
Total Bought: +$496.3M
Total Sold: −$293.6M
Avg Position: $8.6M

Biggest Buyers

Institution	Net Bought	Current Position
Engine Capital Management, LLC Hedge Fund•Event Driven	+$64.0M +2.6M shares	$64.0M 2.6M shares
Khrom Capital Management LLC Hedge Fund•Value	+$63.3M +2.6M shares	$124.7M 5.0M shares
B BlackRock, Inc. Institution	+$46.2M +1.9M shares	$272.9M 11.0M shares
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	+$29.4M +1.2M shares	$29.4M 1.2M shares
R Rubric Capital Management LP Hedge Fund•Long/Short	+$27.2M +1.1M shares	$27.2M 1.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$24.6M +993.2K shares	$233.3M 9.4M shares
A ABRAMS BISON INVESTMENTS, LLC RIA/Wealth	+$19.8M +800.0K shares	$108.4M 4.4M shares
D DME Capital Management, LP Hedge Fund•Long/Short	+$19.3M +777.7K shares	$40.7M 1.6M shares
VANGUARD GROUP INC Institution	+$16.9M +681.3K shares	$233.2M 9.4M shares
D D. E. Shaw & Co., Inc. Institution	+$14.1M +571.3K shares	$54.4M 2.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
GANNETT WELSH & KOTLER Long Only Manager	−$33.4M −1.3M shares	$5.7M 230.0K shares
8 8 KNOTS MANAGEMENT, LLC Hedge Fund•Long/Short	−$19.2M −844.9K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$13.7M −551.6K shares	$43.3M 1.7M shares
BANK OF AMERICA CORP /DE/ Institution	−$13.1M −527.7K shares	$15.6M 628.8K shares
Rock Springs Capital Management LP Hedge Fund•Sector	−$13.0M −526.0K shares	$4.2M 170.0K shares
Q Qube Research & Technologies Ltd Institution	−$11.4M −502.5K shares	Sold Off 0 shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	−$11.2M −493.5K shares	Sold Off 0 shares
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	−$11.1M −489.3K shares	Sold Off 0 shares
BANK OF NOVA SCOTIA / Institution	−$10.1M −406.9K shares	$5.9M 237.0K shares
M M&G Plc Institution	−$9.6M −419.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ACHC in Q3 2025

New Positions: 18
New Value: $103.7M
Exited Positions: 60
Exited Value: $126.1M

New Positions

Institution	Position Value
Engine Capital Management, LLC Hedge Fund•Event Driven	$64.0M 2.6M shares
R Rubric Capital Management LP Hedge Fund•Long/Short	$27.2M 1.1M shares
E Estuary Capital Management LP Hedge Fund•Long/Short	$9.7M 391.1K shares
ARGA Investment Management, LP Long Only Manager	$1.1M 44.0K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	$497.4K 20.1K shares
Vident Advisory, LLC ETF Provider	$418.3K 16.9K shares
Wedmont Private Capital RIA/Wealth	$279.3K 10.3K shares
A Andra AP-fonden Institution	$246.5K 10.0K shares
Sequoia Financial Advisors, LLC RIA/Wealth	$210.8K 8.5K shares
S Salomon & Ludwin, LLC Institution	$18.7K 689.0 shares

Exited Positions

Institution	Previous Position
8 8 KNOTS MANAGEMENT, LLC Hedge Fund•Long/Short	$19.2M 844.9K shares
Q Qube Research & Technologies Ltd Institution	$11.4M 502.5K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$11.2M 493.5K shares
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	$11.1M 489.3K shares
M M&G Plc Institution	$9.6M 419.4K shares
N NATIXIS Institution	$9.3M 409.4K shares
J JANE STREET GROUP, LLC Institution	$6.1M 270.0K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$4.7M 209.0K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$4.7M 208.1K shares
Phocas Financial Corp. Long Only Manager	$3.7M 161.2K shares

Options Activity

Institutions with the largest Call and Put options positions in ACHC as of Q3 2025

Call Positions: 12
Call Value: $11.6M
Put Positions: 12
Put Value: $8.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.7M 2.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.6M 654.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.1M 434.0 contracts
C CastleKnight Management LP Hedge Fund•Event Driven	$742.8K 300.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$495.2K 200.0 contracts
W WOLVERINE TRADING, LLC Institution	$365.6K 149.0 contracts
Walleye Trading LLC RIA/Wealth	$339.2K 137.0 contracts
J JANE STREET GROUP, LLC Institution	$262.5K 106.0 contracts
GOLDMAN SACHS GROUP INC Institution	- - contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$3.9M 1.6K contracts
D D. E. Shaw & Co., Inc. Institution	$819.6K 331.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$807.2K 326.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$747.8K 302.0 contracts
W WOLVERINE TRADING, LLC Institution	$505.5K 206.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$423.4K 171.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$413.5K 167.0 contracts
Walleye Trading LLC RIA/Wealth	$398.6K 161.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	- - contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

Institutions with ACHC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Silver Rock Financial LP Hedge Fund•Credit Arb	Carl Dewolf Meyer CEO	22.11% $8.9M	0.39% 360.0K shares	Q1 2025 Held for 8 months	$40.3M
Khrom Capital Management LLC Hedge Fund•Value	Eric Eleazar Khrom CIO	12.96% $124.7M	5.45% 5.0M shares	Q4 2024 Held for 11 months	$962.3M
P P2 Capital Partners, LLC Hedge Fund•Value	Claus Jorgen Moller CEO	11.89% $57.9M	2.53% 2.3M shares	Q1 2017 Held for 8y 8m	$486.7M
A ABRAMS BISON INVESTMENTS, LLC RIA/Wealth	Gavin M Abrams Managing Partner	8.50% $108.4M	4.74% 4.4M shares	Q1 2025 Held for 8 months	$1.3B
A Aryeh Capital Management Ltd. Institution	-	7.80% $9.3M	0.41% 376.5K shares	Q4 2024 Held for 11 months	$119.5M
Engine Capital Management, LLC Hedge Fund•Event Driven	Marc Stephen Diagonale CFO	7.60% $64.0M	2.80% 2.6M shares	Q3 2025 Held for 2 months	$842.2M
Teca Partners, LP Hedge Fund•Long/Short	Fernando Vigil CIO	7.30% $11.6M	0.51% 467.3K shares	Q2 2025 Held for 5 months	$158.5M
Beach Point Capital Management LP Hedge Fund•Multi-Strategy	Carl Henry Goldsmith CEO	4.09% $8.8M	0.39% 355.5K shares	Q4 2024 Held for 11 months	$215.0M
Hawk Ridge Management LLC Hedge Fund•Long/Short	David Graham Brown CIO	3.26% $69.5M	3.04% 2.8M shares	Q4 2024 Held for 11 months	$2.1B
Sachem Head Capital Management LP Hedge Fund•Long/Short	Scott David Ferguson Managing Partner	2.78% $104.4M	4.56% 4.2M shares	Q4 2024 Held for 11 months	$3.8B

Hedge Fund Spotlight

Discover hedge funds investing in ACHC

Estuary Capital Management LP

Hedge Fund • Long/Short

Portfolio ManagerAndrew H. Warford

Portfolio Value: $563.2M
Positions: 16
Last Reported: Q3 2025

Sector Allocation

Position in Acadia Healthcare

Market Value: $9.7M
Shares Held: 391.1K
Portfolio Weight: 1.72%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Dollar General DG	Discount Stores Consumer Defensive	$49.2M	8.74%
2 Dollar Tree DLTR	Discount Stores Consumer Defensive	$48.9M	8.69%
3 Jazz Pharmaceuticals JAZZ	Biotechnology Healthcare	$47.9M	8.50%