AdaptHealth

AHCO • NASDAQ

AdaptHealth is a medical - devices company in the healthcare sector on NASDAQ, led by Suzanne Foster, with a market cap of $1.4B. As of Q3 2025, 101% of shares are held by 221 institutional investors, with BlackRock, Inc. as the largest holder at 11.27%.

Chief Executive OfficerSuzanne Foster

Market Cap$1.4B

Medical - Devices

Healthcare

Employees10.7K

Websiteadapthealth.com

Country

United States of America

Overview

Overview of institutional ownership in AHCO as of Q3 2025 with a market cap of $1.2B

All Institutions

Institutions: 221
Value Held: $1.2B
Shares Held: 136.7M
Avg Position: $5.5M
Median Position: $343.0K

Hedge Funds

Hedge Funds: 25
Value Held: $140.9M
Shares Held: 15.7M
Avg Position: $5.6M
Median Position: $346.7K

Ownership Breakdown

Institutional (non-HF)

89.43%

$1.1B

Hedge Funds

11.63%

$140.9M

Retail & Other

Based on market cap of $1.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AHCO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$136.5M 0.00% of portfolio	11.27% 15.3M shares	Q1 2020 Held for 5y 8m	$5.67T
OEP CAPITAL ADVISORS, L.P. Private Equity	Jessica Rae Marion CFO	$123.7M 100.00% of portfolio	10.21% 13.8M shares	Q4 2020 Held for 4y 11m	$123.7M
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	James Edward Flynn President	$102.7M 1.70% of portfolio	8.48% 11.5M shares	Q2 2018 Held for 7y 5m	$6.0B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$100.9M 0.00% of portfolio	8.34% 11.3M shares	Q4 2019 Held for 5y 11m	$6.69T
FMR LLC Institution	-	$80.5M 0.00% of portfolio	6.65% 9.0M shares	Q3 2019 Held for 6y 2m	$1.92T
S SkyKnight Capital, L.P. Private Equity	Matthew Christopher Ebbel Managing Partner	$76.8M 93.94% of portfolio	6.34% 8.6M shares	Q4 2021 Held for 3y 11m	$81.8M
REINHART MAHONEY CAPITAL MANAGEMENT INC Long Only Manager	James Everett Reinhart CEO	$65.6M 2.13% of portfolio	5.42% 7.3M shares	Q2 2022 Held for 3y 5m	$3.1B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$53.5M 0.01% of portfolio	4.42% 6.0M shares	Q2 2023 Held for 2y 5m	$466.32B
LEUCADIA NATIONAL CORP Institution	Richard B. Handler CEO	$40.8M 0.39% of portfolio	3.37% 4.6M shares	Q2 2024 Held for 1y 5m	$10.5B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$39.0M 0.00% of portfolio	3.22% 4.4M shares	Q2 2020 Held for 5y 5m	$2.88T

Net Capital Flow

Institutional buying and selling activity for AHCO in Q3 2025

Traded: −$2.9M
Buyers: 109
Sellers: 99
Total Bought: +$62.5M
Total Sold: −$65.4M
Avg Position: $5.1M

Biggest Buyers

Institution	Net Bought	Current Position
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	+$14.1M +1.6M shares	$102.7M 11.5M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$7.2M +809.5K shares	$53.5M 6.0M shares
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	+$6.1M +685.6K shares	$18.7M 2.1M shares
B Bastion Asset Management Inc. Institution	+$4.2M +451.2K shares	$4.2M 451.2K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$3.4M +382.3K shares	$9.6M 1.1M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$3.1M +343.7K shares	$17.1M 1.9M shares
Trexquant Investment LP Hedge Fund•Quant	+$2.2M +246.5K shares	$2.2M 246.5K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$1.9M +210.1K shares	$1.9M 210.1K shares
N Neuberger Berman Group LLC Institution	+$1.8M +198.6K shares	$5.7M 638.9K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.5M +171.4K shares	$1.7M 186.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
R ROYCE & ASSOCIATES LLC Institution	−$10.2M −1.1M shares	Sold Off 0 shares
F First Eagle Investment Management, LLC Long Only Manager	−$6.9M −729.6K shares	Sold Off 0 shares
VANGUARD GROUP INC Institution	−$5.2M −576.1K shares	$100.9M 11.3M shares
HARBOR CAPITAL ADVISORS, INC. ETF Provider	−$3.9M −435.0K shares	$1.5M 162.1K shares
SEGALL BRYANT & HAMILL Long Only Manager	−$3.4M −383.3K shares	$38.5M 4.3M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$2.5M −280.5K shares	$3.3M 363.8K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$2.5M −278.1K shares	$968.9K 108.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	−$2.5M −261.9K shares	Sold Off 0 shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$2.0M −223.7K shares	$19.9M 2.2M shares
LEUCADIA NATIONAL CORP Institution	−$1.9M −217.0K shares	$40.8M 4.6M shares

Entry and Exit Activity

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

New Positions: 8
New Value: $5.5M
Exited Positions: 20
Exited Value: $26.1M

New Positions

Institution	Position Value
B Bastion Asset Management Inc. Institution	$4.2M 451.2K shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	$1.2M 130.8K shares
O OMERS ADMINISTRATION Corp Institution	$121.7K 13.6K shares
S Salomon & Ludwin, LLC Institution	$4.5K 498.0 shares
O Optiver Holding B.V. Institution	$3.0K 340.0 shares
Sontag Advisory, LLC RIA/Wealth	$1.2K 136.0 shares
Hartland & Co., LLC RIA/Wealth	$1.2K 134.0 shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	$618.0 69.0 shares

Exited Positions

Institution	Previous Position
R ROYCE & ASSOCIATES LLC Institution	$10.2M 1.1M shares
F First Eagle Investment Management, LLC Long Only Manager	$6.9M 729.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.5M 261.9K shares
S Sapience Investments, LLC Long Only Manager	$1.8M 195.4K shares
TOCQUEVILLE ASSET MANAGEMENT L.P. Long Only Manager	$1.7M 183.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 112.3K shares
Integrated Quantitative Investments LLC Long Only Manager	$852.5K 90.4K shares
Equitable Holdings, Inc. Institution	$256.1K 27.2K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$188.6K 20.0K shares
Empirical Financial Services, LLC RIA/Wealth	$182.1K 19.3K shares

Options Activity

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

Call Positions: 8
Call Value: $14.2M
Put Positions: 9
Put Value: $51.3M

Call Positions

Institution	Position Value
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$3.1M 3.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.8M 3.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.4M 2.7K contracts
J JANE STREET GROUP, LLC Institution	$1.7M 1.9K contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.6M 1.8K contracts
Walleye Trading LLC RIA/Wealth	$1.5M 1.6K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$807.3K 902.0 contracts
W WOLVERINE TRADING, LLC Institution	$325.5K 375.0 contracts

Put Positions

Institution	Position Value
LEUCADIA NATIONAL CORP Institution	$35.3M 39.5K contracts
W WOLVERINE TRADING, LLC Institution	$4.3M 5.0K contracts
J JANE STREET GROUP, LLC Institution	$3.7M 4.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.2M 2.5K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$1.9M 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.6M 1.8K contracts
Walleye Trading LLC RIA/Wealth	$1.2M 1.3K contracts
S SIG BROKERAGE, LP Institution	$1.1M 1.2K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$14.3K 16.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
OEP CAPITAL ADVISORS, L.P. Private Equity	Jessica Rae Marion CFO	100.00% $123.7M	10.21% 13.8M shares	Q4 2020 Held for 4y 11m	$123.7M
S SkyKnight Capital, L.P. Private Equity	Matthew Christopher Ebbel Managing Partner	93.94% $76.8M	6.34% 8.6M shares	Q4 2021 Held for 3y 11m	$81.8M
Iron Triangle Partners LP Hedge Fund•Long/Short	Michael John O'Brien CFO	2.45% $17.2M	1.42% 1.9M shares	Q1 2025 Held for 8 months	$703.3M
B Bastion Asset Management Inc. Institution	-	2.42% $4.2M	0.33% 451.2K shares	Q3 2025 Held for 2 months	$173.7M
REINHART MAHONEY CAPITAL MANAGEMENT INC Long Only Manager	James Everett Reinhart CEO	2.13% $65.6M	5.42% 7.3M shares	Q2 2022 Held for 3y 5m	$3.1B
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	James Edward Flynn President	1.70% $102.7M	8.48% 11.5M shares	Q2 2018 Held for 7y 5m	$6.0B
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	Alison Anne Berman CEO	0.72% $23.3M	1.92% 2.6M shares	Q1 2021 Held for 4y 8m	$3.3B
SEGALL BRYANT & HAMILL Long Only Manager	Carolyn B Goldhaber President	0.51% $38.5M	3.18% 4.3M shares	Q2 2023 Held for 2y 5m	$7.5B
SummerHaven Investment Management, LLC Long Only Manager	Kurt Jonathon Nelson CEO	0.47% $805.3K	0.07% 90.0K shares	Q3 2022 Held for 3y 2m	$170.9M
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	Donald M Cobin CEO	0.42% $18.7M	1.54% 2.1M shares	Q2 2021 Held for 4y 5m	$4.5B

Hedge Fund Spotlight

Discover hedge funds investing in AHCO

GSA CAPITAL PARTNERS LLP

Hedge Fund • Quant

Portfolio ManagerDavid Khabie-Zeitoune

Portfolio Value: $1.1B
Positions: 1,504
Last Reported: Q3 2025

Sector Allocation

Position in AdaptHealth

Market Value: $102.6K
Shares Held: 11.5K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Accenture ACN	Information Technology Services Technology	$5.6M	0.50%
2 Sprouts Farmers Market SFM	Grocery Stores Consumer Defensive	$5.2M	0.46%
3 Microsoft MSFT	Software - Infrastructure Technology	$4.8M	0.43%