Sotera Health

SHC • NASDAQ

Sotera Health is a medical - diagnostics & research company in the healthcare sector on NASDAQ, led by Michael B. Petras, Jr., with a market cap of $4.8B. As of Q3 2025, 93% of shares are held by 237 institutional investors, with WARBURG PINCUS LLC as the largest holder at 21.77%.

Chairman and CEOMichael B. Petras, Jr.

Market Cap$4.8B

Medical - Diagnostics & Research

Healthcare

Employees3.0K

Websiteinvestors.soterahealth.com

Country

United States of America

Overview

Overview of institutional ownership in SHC as of Q3 2025 with a market cap of $4.5B

All Institutions

Institutions: 237
Value Held: $4.1B
Shares Held: 263.7M
Avg Position: $17.5M
Median Position: $400.7K

Hedge Funds

Hedge Funds: 45
Value Held: $1.2B
Shares Held: 77.5M
Avg Position: $27.1M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

65.56%

$2.9B

Hedge Funds

27.29%

$1.2B

Retail & Other

7.15%

$319.4M

Based on market cap of $4.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SHC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
WARBURG PINCUS LLC Private Equity	Jeffrey David Perlman CEO	$972.5M 72.18% of portfolio	21.77% 61.8M shares	Q4 2020 Held for 4y 11m	$1.3B
GTCR LLC Private Equity	Constantine Spyro Mihas CEO	$648.3M 71.58% of portfolio	14.51% 41.2M shares	Q4 2020 Held for 4y 11m	$905.8M
D Darsana Capital Partners LP Hedge Fund•Long/Short	Anand Kishor Desai Managing Partner	$393.3M 8.58% of portfolio	8.80% 25.0M shares	Q2 2024 Held for 1y 5m	$4.6B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$259.1M 0.00% of portfolio	5.80% 16.5M shares	Q4 2020 Held for 4y 11m	$6.69T
B BlackRock, Inc. Institution	-	$239.3M 0.00% of portfolio	5.36% 15.2M shares	Q4 2020 Held for 4y 11m	$5.67T
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	Wayne Nathan Cohen President	$209.9M 4.58% of portfolio	4.70% 13.3M shares	Q4 2024 Held for 11 months	$4.6B
Sessa Capital IM, L.P. Hedge Fund•Long/Short	Jae Hong President	$156.0M 3.97% of portfolio	3.49% 9.9M shares	Q1 2024 Held for 1y 8m	$3.9B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$145.0M 0.09% of portfolio	3.25% 9.2M shares	Q2 2023 Held for 2y 5m	$161.58B
Sachem Head Capital Management LP Hedge Fund•Long/Short	Scott David Ferguson Managing Partner	$124.4M 3.31% of portfolio	2.78% 7.9M shares	Q1 2024 Held for 1y 8m	$3.8B
HENDERSON GROUP PLC Institution	Ali Dibadj CEO	$101.6M 0.05% of portfolio	2.27% 6.5M shares	Q4 2020 Held for 4y 11m	$218.74B

Net Capital Flow

Institutional buying and selling activity for SHC in Q3 2025

Traded: −$85.8M
Buyers: 162
Sellers: 73
Total Bought: +$344.9M
Total Sold: −$430.7M
Avg Position: $15.6M

Biggest Buyers

Institution	Net Bought	Current Position
D Darsana Capital Partners LP Hedge Fund•Long/Short	+$78.5M +5.0M shares	$393.3M 25.0M shares
Sessa Capital IM, L.P. Hedge Fund•Long/Short	+$56.9M +3.6M shares	$156.0M 9.9M shares
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	+$29.0M +1.8M shares	$209.9M 13.3M shares
VANGUARD GROUP INC Institution	+$24.6M +1.6M shares	$259.1M 16.5M shares
B BlackRock, Inc. Institution	+$23.5M +1.5M shares	$239.3M 15.2M shares
V Voss Capital LLC Institution	+$17.3M +1.1M shares	$29.1M 1.9M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$8.5M +542.1K shares	$54.4M 3.5M shares
Woodline Partners LP Hedge Fund•Long/Short	+$8.3M +530.7K shares	$8.3M 530.7K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	+$7.9M +504.5K shares	$9.3M 588.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$7.3M +467.1K shares	$8.7M 555.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
WARBURG PINCUS LLC Private Equity	−$188.8M −12.0M shares	$972.5M 61.8M shares
GTCR LLC Private Equity	−$125.8M −8.0M shares	$648.3M 41.2M shares
D D. E. Shaw & Co., Inc. Institution	−$17.6M −1.1M shares	$31.2M 2.0M shares
Khrom Capital Management LLC Hedge Fund•Value	−$17.3M −1.6M shares	Sold Off 0 shares
MIG Capital, LLC Hedge Fund•Long/Short	−$16.6M −1.1M shares	$66.5M 4.2M shares
UBS Group AG Institution	−$14.2M −905.4K shares	$8.0M 509.3K shares
T Two Seas Capital LP Hedge Fund•Event Driven	−$10.2M −647.6K shares	$53.1M 3.4M shares
Point72 Ltd RIA/Wealth	−$5.8M −365.6K shares	$21.4M 1.4M shares
BANK OF AMERICA CORP /DE/ Institution	−$4.7M −297.8K shares	$9.7M 618.4K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$3.4M −213.9K shares	$5.0M 318.4K shares

Entry and Exit Activity

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

New Positions: 27
New Value: $19.9M
Exited Positions: 27
Exited Value: $28.6M

New Positions

Institution	Position Value
Woodline Partners LP Hedge Fund•Long/Short	$8.3M 530.7K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$3.9M 250.0K shares
Wellspring Financial Advisors, LLC RIA/Wealth	$2.3M 146.7K shares
CenterBook Partners LP Hedge Fund•Market Neutral	$1.2M 78.1K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$1.1M 69.3K shares
O OMERS ADMINISTRATION Corp Institution	$575.7K 36.6K shares
Broyhill Asset Management Hedge Fund•Multi-Strategy	$455.3K 28.9K shares
Scientech Research LLC Hedge Fund•Market Neutral	$309.7K 19.7K shares
I Inscription Capital, LLC RIA/Wealth	$286.8K 18.2K shares
H Harvest Fund Management Co., Ltd Institution	$256.6K 16.3K shares

Exited Positions

Institution	Previous Position
Khrom Capital Management LLC Hedge Fund•Value	$17.3M 1.6M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$2.0M 180.4K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	$1.6M 141.4K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.3M 120.0K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$1.2M 106.0K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$832.3K 74.8K shares
Engineers Gate Manager LP Hedge Fund•Quant	$765.6K 68.8K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$674.2K 60.6K shares
E Elo Mutual Pension Insurance Co Institution	$572.0K 51.4K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$289.4K 26.0K shares

Options Activity

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

Call Positions: 2
Call Value: $528.5K
Put Positions: 1
Put Value: $306.7K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$346.1K 220.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$182.5K 116.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$306.7K 195.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
WARBURG PINCUS LLC Private Equity	Jeffrey David Perlman CEO	72.18% $972.5M	21.77% 61.8M shares	Q4 2020 Held for 4y 11m	$1.3B
GTCR LLC Private Equity	Constantine Spyro Mihas CEO	71.58% $648.3M	14.51% 41.2M shares	Q4 2020 Held for 4y 11m	$905.8M
Irenic Capital Management LP Hedge Fund•Activist	Adam Jason Katz CIO	11.89% $55.8M	1.25% 3.5M shares	Q4 2022 Held for 2y 11m	$469.3M
MIG Capital, LLC Hedge Fund•Long/Short	Richard Paul Merage CEO	9.75% $66.5M	1.49% 4.2M shares	Q3 2022 Held for 3y 2m	$682.0M
I Inherent Management Corp. Institution	-	8.77% $15.3M	0.34% 972.7K shares	Q4 2024 Held for 11 months	$174.4M
D Darsana Capital Partners LP Hedge Fund•Long/Short	Anand Kishor Desai Managing Partner	8.58% $393.3M	8.80% 25.0M shares	Q2 2024 Held for 1y 5m	$4.6B
Ananym Capital Management, LP Hedge Fund•Activist	Alexander Jonathan Silver CIO	8.53% $22.2M	0.50% 1.4M shares	Q4 2024 Held for 11 months	$260.1M
Kerrisdale Advisers, LLC Hedge Fund•Long/Short	Sahm Adrangi CIO	6.49% $12.5M	0.28% 795.3K shares	Q2 2023 Held for 2y 5m	$192.9M
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	Wayne Nathan Cohen President	4.58% $209.9M	4.70% 13.3M shares	Q4 2024 Held for 11 months	$4.6B
Sessa Capital IM, L.P. Hedge Fund•Long/Short	Jae Hong President	3.97% $156.0M	3.49% 9.9M shares	Q1 2024 Held for 1y 8m	$3.9B

Hedge Fund Spotlight

Discover hedge funds investing in SHC

Sachem Head Capital Management LP

Hedge Fund • Long/Short

Portfolio ManagerScott David Ferguson

Portfolio Value: $3.8B
Positions: 20
Last Reported: Q3 2025

Sector Allocation

Position in Sotera Health

Market Value: $124.4M
Shares Held: 7.9M
Portfolio Weight: 3.31%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Kenvue KVUE	Household & Personal Products Consumer Defensive	$495.5M	13.19%
2 Performance Food Group PFGC	Food Distribution Consumer Defensive	$348.5M	9.28%
3 Twilio TWLO	Internet Content & Information Communication Services	$329.8M	8.78%