Surgery Partners, Inc.

SGRY • NASDAQ

Surgery Partners, Inc. is a medical - care facilities company in the healthcare sector on NASDAQ, led by Eric Evans, with a market cap of $2.0B. As of Q3 2025, 118% of shares are held by 193 institutional investors, with BAIN CAPITAL INVESTORS LLC as the largest holder at 38.96%.

Chief Executive OfficerEric Evans

Market Cap$2.0B

Medical - Care Facilities

Healthcare

Employees13.5K

Websitesurgerypartners.com

Country

United States of America

Overview

Overview of institutional ownership in SGRY as of Q3 2025 with a market cap of $2.8B

All Institutions

Institutions: 193
Value Held: $3.3B
Shares Held: 151.4M
Avg Position: $17.0M
Median Position: $492.1K

Hedge Funds

Hedge Funds: 37
Value Held: $651.5M
Shares Held: 30.1M
Avg Position: $17.6M
Median Position: $2.7M

Ownership Breakdown

Institutional (non-HF)

94.58%

$2.6B

Hedge Funds

23.48%

$651.5M

Retail & Other

Based on market cap of $2.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SGRY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BAIN CAPITAL INVESTORS LLC Institution	-	$1.1B 32.25% of portfolio	38.96% 49.9M shares	Q3 2017 Held for 8y 2m	$3.4B
HENDERSON GROUP PLC Institution	Ali Dibadj CEO	$282.1M 0.13% of portfolio	10.17% 13.0M shares	Q4 2022 Held for 2y 11m	$218.74B
Pentwater Capital Management LP Hedge Fund•Event Driven	Matthew Charles Halbower CEO	$252.8M 2.39% of portfolio	9.11% 11.7M shares	Q4 2024 Held for 11 months	$10.6B
FMR LLC Institution	-	$226.9M 0.01% of portfolio	8.18% 10.5M shares	Q4 2016 Held for 8y 11m	$1.92T
KING STREET CAPITAL MANAGEMENT, L.P. Hedge Fund•Distressed	Ricardo Nmn Marano Managing Partner	$202.1M 40.43% of portfolio	7.28% 9.3M shares	Q3 2024 Held for 1y 2m	$499.9M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$164.8M 0.00% of portfolio	5.94% 7.6M shares	Q4 2015 Held for 9y 11m	$6.69T
B BlackRock, Inc. Institution	-	$122.4M 0.00% of portfolio	4.41% 5.7M shares	Q4 2015 Held for 9y 11m	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$105.2M 0.02% of portfolio	3.79% 4.9M shares	Q2 2017 Held for 8y 5m	$466.32B
Clearbridge Investments, LLC Long Only Manager	Terrence James Murphy President	$91.8M 0.07% of portfolio	3.31% 4.2M shares	Q4 2015 Held for 9y 11m	$132.87B
UBS Group AG Institution	Sergio P. Ermotti CEO	$79.9M 0.02% of portfolio	2.88% 3.7M shares	Q4 2015 Held for 9y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for SGRY in Q3 2025

Traded: +$177.7M
Buyers: 99
Sellers: 92
Total Bought: +$388.1M
Total Sold: −$210.4M
Avg Position: $14.6M

Biggest Buyers

Institution	Net Bought	Current Position
Pentwater Capital Management LP Hedge Fund•Event Driven	+$101.3M +4.7M shares	$252.8M 11.7M shares
KING STREET CAPITAL MANAGEMENT, L.P. Hedge Fund•Distressed	+$67.4M +3.1M shares	$202.1M 9.3M shares
UBS Group AG Institution	+$26.8M +1.2M shares	$79.9M 3.7M shares
G GLENVIEW CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$22.0M +1.0M shares	$55.1M 2.5M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$21.4M +989.0K shares	$105.2M 4.9M shares
H HSBC HOLDINGS PLC Institution	+$20.3M +934.8K shares	$20.6M 945.8K shares
Irenic Capital Management LP Hedge Fund•Activist	+$18.9M +874.7K shares	$24.5M 1.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$13.9M +641.0K shares	$20.4M 943.8K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$10.8M +499.1K shares	$10.8M 499.1K shares
MORGAN STANLEY RIA/Wealth	+$9.6M +443.4K shares	$21.6M 997.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$22.8M −1.1M shares	$18.9M 871.8K shares
TIG Advisors, LLC Hedge Fund•Multi-Strategy	−$22.8M −1.0M shares	Sold Off 0 shares
FMR LLC Institution	−$17.7M −817.7K shares	$226.9M 10.5M shares
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	−$12.0M −540.0K shares	Sold Off 0 shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$11.5M −518.0K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$8.9M −400.1K shares	Sold Off 0 shares
Twin Securities, Inc. Hedge Fund•Event Driven	−$8.0M −368.8K shares	$3.1M 142.9K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$7.0M −315.5K shares	Sold Off 0 shares
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	−$6.7M −300.0K shares	Sold Off 0 shares
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	−$5.4M −244.1K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 11
New Value: $14.9M
Exited Positions: 30
Exited Value: $101.5M

New Positions

Institution	Position Value
S SIRIOS CAPITAL MANAGEMENT L P Hedge Fund•Long/Short	$8.1M 374.9K shares
8 8 KNOTS MANAGEMENT, LLC Hedge Fund•Long/Short	$4.8M 220.1K shares
KEYBANK NATIONAL ASSOCIATION/OH RIA/Wealth	$694.6K 32.1K shares
Clear Harbor Asset Management, LLC RIA/Wealth	$655.9K 30.3K shares
Verdence Capital Advisors LLC RIA/Wealth	$279.6K 12.2K shares
P Persistent Asset Partners Ltd Institution	$210.0K 9.7K shares
S State of Alaska, Department of Revenue Institution	$152.0K 7.0K shares
Federation des caisses Desjardins du Quebec Fund of Funds	$8.7K 400.0 shares
Transamerica Financial Advisors, Inc. Institution	$931.0 43.0 shares
FINANCIAL CONSULATE, INC RIA/Wealth	$455.0 21.0 shares

Exited Positions

Institution	Previous Position
TIG Advisors, LLC Hedge Fund•Multi-Strategy	$22.8M 1.0M shares
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	$12.0M 540.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$11.5M 518.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.9M 400.1K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.0M 315.5K shares
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	$6.7M 300.0K shares
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	$5.4M 244.1K shares
Taconic Capital Advisors LP RIA/Wealth	$4.8M 217.9K shares
Groupe la Francaise Fund of Funds	$4.1M 186.1K shares
SEGALL BRYANT & HAMILL Long Only Manager	$4.0M 178.6K shares

Options Activity

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

Call Positions: 11
Call Value: $94.1M
Put Positions: 11
Put Value: $43.5M

Call Positions

Institution	Position Value
Centiva Capital, LP Hedge Fund•Multi-Strategy	$28.6M 13.2K contracts
N NOMURA HOLDINGS INC Institution	$19.5M 9.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$14.8M 6.9K contracts
BARCLAYS PLC Institution	$13.8M 6.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.5M 3.5K contracts
J JANE STREET GROUP, LLC Institution	$3.9M 1.8K contracts
W WOLVERINE TRADING, LLC Institution	$2.0M 892.0 contracts
S SIG BROKERAGE, LP Institution	$1.6M 750.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.6M 718.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$532.3K 246.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$11.9M 5.5K contracts
J JANE STREET GROUP, LLC Institution	$9.3M 4.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.9M 4.1K contracts
Caption Management, LLC Hedge Fund•Long/Short	$7.0M 3.3K contracts
W WOLVERINE TRADING, LLC Institution	$2.6M 1.2K contracts
TORONTO DOMINION BANK Institution	$2.2M 1.0K contracts
S SIG BROKERAGE, LP Institution	$1.6M 750.0 contracts
TIG Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
H HARVEST MANAGEMENT LLC Hedge Fund•Event Driven	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
KING STREET CAPITAL MANAGEMENT, L.P. Hedge Fund•Distressed	Ricardo Nmn Marano Managing Partner	40.43% $202.1M	7.28% 9.3M shares	Q3 2024 Held for 1y 2m	$499.9M
B BAIN CAPITAL INVESTORS LLC Institution	-	32.25% $1.1B	38.96% 49.9M shares	Q3 2017 Held for 8y 2m	$3.4B
Irenic Capital Management LP Hedge Fund•Activist	Adam Jason Katz CIO	5.22% $24.5M	0.88% 1.1M shares	Q2 2025 Held for 5 months	$469.3M
W Whitefort Capital Management, LP Hedge Fund•Event Driven	David Lorin Salanic Managing Partner	2.79% $8.0M	0.29% 371.0K shares	Q2 2025 Held for 5 months	$287.7M
Sivik Global Healthcare LLC Hedge Fund•Long/Short	Krishen Kumar Sud Managing Partner	2.58% $4.8M	0.17% 220.0K shares	Q1 2022 Held for 3y 8m	$184.7M
R Rangeley Capital, LLC Hedge Fund•Event Driven	Christopher Clay Demuth Jr. Managing Partner	2.54% $2.7M	0.10% 124.0K shares	Q1 2025 Held for 8 months	$105.5M
Pentwater Capital Management LP Hedge Fund•Event Driven	Matthew Charles Halbower CEO	2.39% $252.8M	9.11% 11.7M shares	Q4 2024 Held for 11 months	$10.6B
P SCHOENFELD ASSET MANAGEMENT LP Hedge Fund•Event Driven	Peter Michael Schoenfeld CEO	1.61% $5.7M	0.20% 262.5K shares	Q2 2025 Held for 5 months	$351.9M
A AYAL Capital Advisors Ltd Institution	-	1.56% $2.7M	0.10% 125.0K shares	Q2 2025 Held for 5 months	$173.4M
Twin Securities, Inc. Hedge Fund•Event Driven	David Joel Simon President	1.56% $3.1M	0.11% 142.9K shares	Q1 2025 Held for 8 months	$198.5M

Hedge Fund Spotlight

Discover hedge funds investing in SGRY

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in Surgery Partners, Inc.

Market Value: $5.7M
Shares Held: 262.0K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

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