Tenet Healthcare

THC • NYSE

Tenet Healthcare is a medical - care facilities company in the healthcare sector on NYSE, led by Saumya Sutaria, with a market cap of $17.5B. As of Q3 2025, 94% of shares are held by 665 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.2%.

Chief Executive OfficerSaumya Sutaria

Market Cap$17.5B

Medical - Care Facilities

Healthcare

Employees106.5K

Websitetenethealth.com

Country

United States of America

Overview

Overview of institutional ownership in THC as of Q3 2025 with a market cap of $17.9B

All Institutions

Institutions: 665
Value Held: $16.9B
Shares Held: 83.3M
Avg Position: $25.4M
Median Position: $851.3K

Hedge Funds

Hedge Funds: 79
Value Held: $2.6B
Shares Held: 12.7M
Avg Position: $32.6M
Median Position: $5.8M

Ownership Breakdown

Institutional (non-HF)

79.92%

$14.3B

Hedge Funds

14.36%

$2.6B

Retail & Other

5.72%

$1.0B

Based on market cap of $17.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in THC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.8B 0.03% of portfolio	10.20% 9.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$1.7B 0.03% of portfolio	9.67% 8.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$1.6B 0.08% of portfolio	8.96% 7.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$1.5B 0.16% of portfolio	8.34% 7.4M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$639.0M 0.65% of portfolio	3.56% 3.1M shares	Q3 2022 Held for 3y 2m	$97.8B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$554.7M 0.02% of portfolio	3.09% 2.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
G GLENVIEW CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Lawrence Michael Robbins CEO	$471.8M 11.57% of portfolio	2.63% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$4.1B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$431.8M 0.07% of portfolio	2.41% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$381.0M 0.24% of portfolio	2.12% 1.9M shares	Q4 2016 Held for 8y 11m	$156.17B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$372.8M 0.09% of portfolio	2.08% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$433.11B

Net Capital Flow

Institutional buying and selling activity for THC in Q3 2025

Traded: −$327.9M
Buyers: 330
Sellers: 317
Total Bought: +$1.6B
Total Sold: −$1.9B
Avg Position: $23.2M

Biggest Buyers

Institution	Net Bought	Current Position
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	+$225.3M +1.1M shares	$225.3M 1.1M shares
Robeco Investment Management, Inc. Long Only Manager	+$178.7M +880.4K shares	$639.0M 3.1M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$146.2M +720.2K shares	$381.0M 1.9M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$73.0M +359.5K shares	$96.2M 473.8K shares
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	+$72.9M +362.1K shares	$102.7M 510.2K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$69.5M +342.2K shares	$70.3M 346.1K shares
N Nuveen, LLC Institution	+$68.8M +338.8K shares	$209.4M 1.0M shares
A Assenagon Asset Management S.A. Institution	+$56.7M +279.4K shares	$73.9M 363.8K shares
MORGAN STANLEY RIA/Wealth	+$53.1M +261.6K shares	$161.4M 794.9K shares
UBS Group AG Institution	+$39.0M +192.1K shares	$99.9M 491.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$156.8M −772.4K shares	$214.4M 1.1M shares
Invesco Ltd. ETF Provider	−$138.3M −681.1K shares	$431.8M 2.1M shares
G GLENVIEW CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	−$123.1M −606.3K shares	$471.8M 2.3M shares
Holocene Advisors, LP Hedge Fund•Long/Short	−$102.9M −584.4K shares	Sold Off 0 shares
FMR LLC Institution	−$95.6M −470.9K shares	$1.6B 7.9M shares
VANGUARD GROUP INC Institution	−$91.9M −452.8K shares	$1.8B 9.0M shares
ORBIMED ADVISORS LLC Hedge Fund•Sector	−$81.8M −465.0K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$80.5M −396.4K shares	$1.7B 8.5M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$77.2M −380.4K shares	$361.1M 1.8M shares
AMERIPRISE FINANCIAL INC Institution	−$57.5M −283.3K shares	$372.8M 1.8M shares

Entry and Exit Activity

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

New Positions: 64
New Value: $267.6M
Exited Positions: 63
Exited Value: $387.2M

New Positions

Institution	Position Value
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	$225.3M 1.1M shares
B BRAIDWELL LP Hedge Fund•Multi-Strategy	$24.7M 121.7K shares
BECK CAPITAL MANAGEMENT, LLC RIA/Wealth	$2.7M 13.4K shares
GenTrust, LLC RIA/Wealth	$894.6K 4.4K shares
Numerai GP LLC Hedge Fund•Quant	$777.6K 3.8K shares
SIERRA SUMMIT ADVISORS LLC RIA/Wealth	$765.5K 3.8K shares
N NorthCrest Asset Manangement, LLC Long Only Manager	$662.6K 3.2K shares
Integrated Quantitative Investments LLC Long Only Manager	$594.1K 2.9K shares
C CAXTON ASSOCIATES LLP Institution	$550.6K 2.7K shares
I Inscription Capital, LLC RIA/Wealth	$487.3K 2.4K shares

Exited Positions

Institution	Previous Position
Holocene Advisors, LP Hedge Fund•Long/Short	$102.9M 584.4K shares
ORBIMED ADVISORS LLC Hedge Fund•Sector	$81.8M 465.0K shares
GOLDENTREE ASSET MANAGEMENT LP Hedge Fund•Distressed	$31.5M 179.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$27.8M 158.0K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$25.6M 145.5K shares
DG Capital Management, LLC Hedge Fund•Multi-Strategy	$23.7M 134.6K shares
A AXA Institution	$22.6M 128.6K shares
A Avidity Partners Management LP Hedge Fund•Long/Short	$18.7M 106.0K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$9.5M 53.8K shares
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	$7.6M 43.4K shares

Options Activity

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

Call Positions: 27
Call Value: $345.1M
Put Positions: 28
Put Value: $255.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$97.7M 4.8K contracts
J JANE STREET GROUP, LLC Institution	$52.9M 2.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$36.5M 1.8K contracts
C CastleKnight Management LP Hedge Fund•Event Driven	$34.5M 1.7K contracts
P PEAK6 LLC Institution	$15.5M 761.0 contracts
GOLDMAN SACHS GROUP INC Institution	$13.0M 641.0 contracts
UBS Group AG Institution	$12.9M 635.0 contracts
W WOLVERINE TRADING, LLC Institution	$12.6M 628.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$11.6M 570.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$10.3M 509.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$54.9M 2.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$51.0M 2.5K contracts
J JANE STREET GROUP, LLC Institution	$21.2M 1.0K contracts
W WOLVERINE TRADING, LLC Institution	$16.1M 799.0 contracts
UBS Group AG Institution	$14.5M 713.0 contracts
N NOMURA HOLDINGS INC Institution	$14.1M 693.0 contracts
P PEAK6 LLC Institution	$12.1M 594.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$11.6M 572.0 contracts
GOLDMAN SACHS GROUP INC Institution	$8.1M 401.0 contracts
B BRANT POINT INVESTMENT MANAGEMENT LLC Hedge Fund•Long/Short	$8.1M 400.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G GLENVIEW CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Lawrence Michael Robbins CEO	11.57% $471.8M	2.63% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$4.1B
Khrom Capital Management LLC Hedge Fund•Value	Eric Eleazar Khrom CIO	10.64% $102.4M	0.57% 504.3K shares	Q2 2022 Held for 3y 5m	$962.3M
Partner Fund Management, L.P. Hedge Fund•Sector	Jonathan Jude Aljoe CFO	8.10% $93.7M	0.52% 461.7K shares	Q2 2020 Held for 5y 5m	$1.2B
A Amitell Capital Pte Ltd Institution	-	6.69% $9.1M	0.05% 44.6K shares	Q2 2022 Held for 3y 5m	$135.2M
B BW Gestao de Investimentos Ltda. Institution	-	6.49% $84.9M	0.47% 418.0K shares	Q1 2022 Held for 3y 8m	$1.3B
WINSLOW ASSET MANAGEMENT INC Long Only Manager	Timothy Seth Goldberg CEO	4.61% $24.5M	0.14% 120.9K shares	≤ Q2 2013 Held for 12y 5m+	$532.7M
Integral Health Asset Management, LLC Hedge Fund•Sector	Bhagwan Jay Rao CIO	4.60% $60.9M	0.34% 300.0K shares	Q2 2023 Held for 2y 5m	$1.3B
Iron Triangle Partners LP Hedge Fund•Long/Short	Michael John O'Brien CFO	3.97% $27.9M	0.16% 137.4K shares	Q3 2024 Held for 1y 2m	$703.3M
Sivik Global Healthcare LLC Hedge Fund•Long/Short	Krishen Kumar Sud Managing Partner	3.85% $7.1M	0.04% 35.0K shares	Q2 2019 Held for 6y 5m	$184.7M
8 8 KNOTS MANAGEMENT, LLC Hedge Fund•Long/Short	Scott Joshua Green CEO	3.38% $29.9M	0.17% 147.2K shares	Q2 2025 Held for 5 months	$884.1M

Hedge Fund Spotlight

Discover hedge funds investing in THC

WHITEBOX ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerRobert Jacob Vogel

Portfolio Value: $1.3B
Positions: 209
Last Reported: Q3 2025

Sector Allocation

Position in Tenet Healthcare

Market Value: $5.0M
Shares Held: 24.5K
Portfolio Weight: 0.38%
Owned Since: 2017-Q1

Top Holding	Sector	Market Value	Weight
1 VRNA Verona Pharma VRNA	Unknown Unknown	$167.2M	12.69%
2 Liberty Broadband Corporation LBRDK	Telecommunications Services Communication Services	$92.2M	7.00%
3 CyberArk Software CYBR	Software - Infrastructure Technology	$66.7M	5.06%

View full profile

Tenet Healthcare

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Tenet Healthcare

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