P
Performant Healthcare
PHLT • XNAS
Performant Healthcare is a services-miscellaneous business services company on XNAS, with a market cap of $623.4M. As of Q3 2025, 101% of shares are held by 119 institutional investors, with PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. as the largest holder at 19.86%.
Market Cap$623.4M
SERVICES-MISCELLANEOUS BUSINESS SERVICES
Employees958.0
Overview
Overview of institutional ownership in PHLT as of Q3 2025 with a market cap of $614.6M
All Institutions
- Institutions
- 119
- Value Held
- $618.8M
- Shares Held
- 80.1M
- Avg Position
- $5.2M
- Median Position
- $415.9K
Hedge Funds
- Hedge Funds
- 24
- Value Held
- $316.0M
- Shares Held
- 40.9M
- Avg Position
- $13.2M
- Median Position
- $965.2K
Ownership Breakdown
Based on market cap of $614.6M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in PHLT as of Q3 2025
| Institution | Position Value |
|---|---|
P PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short | $122.1M 12.87% of portfolio |
 First Light Asset Management, LLC Hedge Fund•Sector | $90.6M 8.54% of portfolio |
 GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | $52.2M 2.37% of portfolio |
B BlackRock, Inc. Institution | $37.8M 0.00% of portfolio |
 ALLIANCEBERNSTEIN L.P. Long Only Manager | $30.8M 0.01% of portfolio |
 VANGUARD GROUP INC Institution | $30.7M 0.00% of portfolio |
M Mill Road Capital Management LLC Private Equity | $25.2M 13.14% of portfolio |
F FIL Ltd Institution | $24.9M 0.02% of portfolio |
 Magnetar Financial LLC Hedge Fund•Multi-Strategy | $21.4M 0.14% of portfolio |
 Vivaldi Asset Management, LLC Fund of Funds | $17.5M 1.16% of portfolio |
Net Capital Flow
Institutional buying and selling activity for PHLT in Q3 2025
- Traded
- +$142.8M
- Buyers
- 81
- Sellers
- 44
- Total Bought
- +$225.4M
- Total Sold
- −$82.5M
- Avg Position
- $4.5M
Biggest Buyers
| Institution | Net Bought |
|---|---|
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | +$52.2M +6.8M shares |
ALLIANCEBERNSTEIN L.P. Long Only Manager | +$30.7M +4.0M shares |
F FIL Ltd Institution | +$24.9M +3.2M shares |
Magnetar Financial LLC Hedge Fund•Multi-Strategy | +$21.4M +2.8M shares |
Vivaldi Asset Management, LLC Fund of Funds | +$17.5M +2.3M shares |
S SOROS FUND MANAGEMENT LLC Institution | +$10.7M +1.4M shares |
 GOLDMAN SACHS GROUP INC Institution | +$8.5M +1.1M shares |
 ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb | +$7.5M +969.9K shares |
Q Qube Research & Technologies Ltd Institution | +$5.3M +684.3K shares |
 ARP AMERICAS LLC Hedge Fund•Multi-Strategy | +$3.8M +493.3K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Topline Capital Management, LLC Hedge Fund•Long/Short | −$21.8M −5.5M shares |
F First Eagle Investment Management, LLC Long Only Manager | −$15.5M −2.0M shares |
 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Long Only Manager | −$13.2M −1.7M shares |
First Light Asset Management, LLC Hedge Fund•Sector | −$11.2M −1.5M shares |
 Parkman Healthcare Partners LLC Hedge Fund•Long/Short | −$4.9M −1.2M shares |
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | −$3.9M −503.6K shares |
 FORMULA GROWTH LTD Hedge Fund•Long/Short | −$1.8M −452.5K shares |
 AMH Equity Ltd Hedge Fund•Long/Short | −$1.1M −275.0K shares |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | −$929.9K −120.3K shares |
 WHITE PINE CAPITAL LLC RIA/Wealth | −$918.7K −229.7K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited PHLT in Q3 2025
- New Positions
- 52
- New Value
- $174.8M
- Exited Positions
- 18
- Exited Value
- $34.0M
New Positions
| Institution | Position Value |
|---|---|
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | $52.2M 6.8M shares |
F FIL Ltd Institution | $24.9M 3.2M shares |
Magnetar Financial LLC Hedge Fund•Multi-Strategy | $21.4M 2.8M shares |
Vivaldi Asset Management, LLC Fund of Funds | $17.5M 2.3M shares |
S SOROS FUND MANAGEMENT LLC Institution | $10.7M 1.4M shares |
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb | $7.5M 969.9K shares |
Q Qube Research & Technologies Ltd Institution | $5.3M 684.3K shares |
ARP AMERICAS LLC Hedge Fund•Multi-Strategy | $3.8M 493.3K shares |
 SPRINGBOK CAPITAL MANAGEMENT, LLC Fund of Funds | $3.7M 476.2K shares |
 CNH PARTNERS LLC Hedge Fund•Multi-Strategy | $3.2M 419.0K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Topline Capital Management, LLC Hedge Fund•Long/Short | $21.8M 5.5M shares |
Parkman Healthcare Partners LLC Hedge Fund•Long/Short | $4.9M 1.2M shares |
FORMULA GROWTH LTD Hedge Fund•Long/Short | $1.8M 452.5K shares |
AMH Equity Ltd Hedge Fund•Long/Short | $1.1M 275.0K shares |
WHITE PINE CAPITAL LLC RIA/Wealth | $918.7K 229.7K shares |
 KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager | $873.9K 218.5K shares |
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager | $774.4K 193.6K shares |
 Hillsdale Investment Management Inc. Long Only Manager | $431.6K 107.9K shares |
C CWC Advisors, LLC. RIA/Wealth | $383.8K 96.0K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $340.7K 85.2K shares |
Options Activity
Institutions with the largest Call and Put options positions in PHLT as of Q3 2025
- Call Positions
- 2
- Call Value
- $626.9K
- Put Positions
- 2
- Put Value
- $94.3K
Call Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $491.6K 636.0 contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $135.3K 175.0 contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $94.3K 122.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | - - contracts |
Most Committed Institutions
Institutions with PHLT as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
M Mill Road Capital Management LLC Private Equity | 13.14% $25.2M |
P PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short | 12.87% $122.1M |
First Light Asset Management, LLC Hedge Fund•Sector | 8.54% $90.6M |
H HighMark Wealth Management LLC RIA/Wealth | 2.57% $5.8M |
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | 2.37% $52.2M |
 CATALYST FINANCIAL PARTNERS LLC RIA/Wealth | 2.03% $16.8M |
Vivaldi Asset Management, LLC Fund of Funds | 1.16% $17.5M |
Q Quantessence Capital LLC Hedge Fund•Quant | 0.84% $2.6M |
B BCK CAPITAL MANAGEMENT LP Hedge Fund•Event Driven | 0.80% $698.9K |
O OXFORD ASSET MANAGEMENT Institution | 0.73% $2.0M |
Hedge Fund Spotlight
Discover hedge funds investing in PHLT
CNH PARTNERS LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerHerbert James Willcox
- Portfolio Value
- $2.7B
- Positions
- 258
- Last Reported
- Q3 2025
Sector Allocation
P
Position in Performant Healthcare
- Market Value
- $3.2M
- Shares Held
- 419.0K
- Portfolio Weight
- 0.12%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Advertising Agencies Communication Services | $101.4M | 3.77% | |
Diversified Utilities Utilities | $91.1M | 3.39% | |
Gold Basic Materials | $75.9M | 2.82% |
