Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tenet Healthcare Corp (THC)

695 + Investors. Track Smart Money conviction in THC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — THC

Based on 697 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their THC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
697 hedge funds hold THC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +24% more funds vs a year ago

fund count last 6Q
+137 new funds entered over the past year (+24% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 47% buying

346 buying388 selling
Last quarter: 388 funds reduced or exited vs 346 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~107 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 130 → 127 → 112 → 107. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 24% medium ■ 23% new
369 out of 697 hedge funds have held THC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~107 new funds/quarter

91 → 130 → 127 → 112 → 107 new funds/Q
New funds entering each quarter: 130 → 127 → 112 → 107. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 58% veterans vs 28% newcomers

■ 58% veterans ■ 14% 1-2yr ■ 28% new
Entry-cohort mix of 730 holders: 423 (58%) are 2+ year veterans, 100 entered 1–2 years ago, and 207 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
58 of 689 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in THC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — THC

In 2026 Q1, 346 hedge funds were net buyers of THC (107 opened a new position, 239 added to an existing one), while 388 reduced or exited (279 trimmed, 109 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 46% of total institutional value in THC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 697.

Hedge Fund Ownership: THC

How many hedge funds hold THC — quarterly history vs. share price
Quarterly hedge fund ownership of THC vs. share price

Market Analysis: THC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: THC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Tenet Healthcare Corp (THC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much THC has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 88d ago
THC
nan%
XLV
+9.2%

THC outperformed XLV by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 43d ago
THC
nan%
XLV
+10.3%

Since the filing became public, THC outperformed XLV by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

40 top-rated funds 3 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: THC
695 + Investors

Track Smart Money conviction in THC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 695 699 -0.57%
13F Shares 83M 86M -4.47%
Total Value $13.82B $15.64B -11.66%
New Positions 107 112 -5
Increased Positions 225 257 -32
Closed Positions 111 81 +30
Reduced Positions 274 246 +28
Total Calls 18 20 -10.0%
Total Puts 22 22 -
PUT/CALL Ratio 1.22 1.1 Bearish

Statistics: THC

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Institutional Holders (2026 Q1)

695 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in THC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 THC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Amitell Capital Pte Ltd 9.73% 32,160 $6.1M
2 Glenview Capital Management, LLC 7.22% 1,524,854 $287.8M
3 PFM Health Sciences, LP 6.86% 398,567 $75.2M
4 Explore Capital Management, LLC 4.83% 27,300 $5.2M
5 Eminence Capital, LP 3.42% 790,302 $149.1M
6 Lone Pine Capital LLC 3.40% 2,258,717 $426.2M
7 Kestrel Investment Management Corp 3.06% 27,175 $5.1M
8 Steamboat Capital Partners, LLC 2.32% 49,584 $9.4M
9 Meridiem Capital Partners LP 2.22% 180,483 $34.1M
10 BW Gestao de Investimentos Ltda. 2.01% 320,480 $60.5M
11 Huber Capital Management LLC 1.85% 63,301 $11.9M
12 Dorsey Wright & Associates 1.64% 69,990 $13.2M
13 Rock Springs Capital Management LP 1.39% 125,000 $23.6M
14 Vista Investment Partners LLC 1.29% 25,749 $4.9M
15 Alamar Capital Management, LLC 1.28% 11,112 $2.1M
16 Rhenman & Partners Asset Management AB 1.26% 54,000 $10.2M
17 Vista Investment Partners II, LLC 1.25% 14,729 $2.8M
18 Brant Point Investment Management LLC 1.22% 50,310 $9.5M
19 Wakefield Asset Management LLLP 1.04% 20,889 $3.9M
20 Globeflex Capital L P 1.03% 36,235 $6.8M
21 GDS Wealth Management 0.99% 87,635 $16.5M
22 Parkman Healthcare Partners LLC 0.98% 50,123 $9.5M
23 Live Oak Investment Partners 0.93% 8,378 $1.6M
24 RBF Capital, LLC 0.92% 93,237 $17.6M
25 Beck Capital Management, LLC 0.86% 20,017 $3.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Tenet Healthcare Corp (THC)

What does the Smart Money Trend signal show for THC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their THC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for THC?

More sellers than buyers — 47% buying: Last quarter: 388 funds reduced or exited vs 346 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for THC holders?

Elite ownership — 46% AUM from top-100 funds: 58 of 689 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in THC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held THC?

53% of holders stayed for 2+ years: 369 out of 697 hedge funds have held THC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Tenet Healthcare Corp (THC) following the 2026 Q1 hedge fund 13F filings?

As of today, THC has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +10.3% for the XLV sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), THC has gained nan% vs +9.2% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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