HCA HEALTHCARE INC HCA
COM · Common Stock · CUSIP 40412C101 · ISIN US40412C1018
American healthcare facilities company
- SectorHealth care
- IndustryServices-General Medical & Surgical Hospitals, NEC
- HeadquartersNashville, TN
- Founded1968
- Websitehcahealthcare.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($276.0m this quarter). Holder counts are more reliable. Shares outstanding: 221.8m as of 2026-04-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $472.84. Options: 33 managers hold calls ($571.0m notional), 33 hold puts ($546.5m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 871 |
| Q4 2022 | 961 |
| Q1 2023 | 973 |
| Q2 2023 | 1,017 |
| Q3 2023 | 1,003 |
| Q4 2023 | 1,059 |
| Q1 2024 | 1,128 |
| Q2 2024 | 1,160 |
| Q3 2024 | 1,206 |
| Q4 2024 | 1,181 |
| Q1 2025 | 1,228 |
| Q2 2025 | 1,251 |
| Q3 2025 | 1,289 |
| Q4 2025 | 1,398 |
| Q1 2026 | 1,424 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 557 | 481 |
| Q3 2024 | 538 | 550 |
| Q4 2024 | 475 | 622 |
| Q1 2025 | 583 | 553 |
| Q2 2025 | 571 | 570 |
| Q3 2025 | 570 | 571 |
| Q4 2025 | 601 | 609 |
| Q1 2026 | 614 | 664 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $801.3m | $847.6m | 1.06 |
| Q3 2025 | $848.8m | $690.6m | 0.81 |
| Q4 2025 | $797.6m | $856.0m | 1.07 |
| Q1 2026 | $571.0m | $546.5m | 0.96 |
Biggest buyers
| Capital International Investors | New | +3.0m |
| BlackRock, Inc. | Added | +782.2k |
| FMR LLC | Added | +567.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +483.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +375.1k |
| GOLDMAN SACHS GROUP INC | Added | +363.7k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +363.0k |
| SG Americas Securities, LLC | Added | +361.7k |
| Invesco Ltd. | Added | +300.3k |
| Amundi | Added | +223.0k |
Biggest sellers
| Capital World Investors | Reduced | -3.0m |
| Sanders Capital, LLC | Reduced | -1.5m |
| UBS Group AG | Reduced | -462.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Sold out | -444.1k |
| First Eagle Investment Management, LLC | Reduced | -391.6k |
| Nuveen, LLC | Reduced | -355.4k |
| HSBC HOLDINGS PLC | Reduced | -261.8k |
| Darsana Capital Partners LP | Reduced | -250.0k |
| Corient Private Wealth LP | Reduced | -216.7k |
| Metropolis Capital Ltd | Reduced | -172.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $184.8m390.5k shares |
| CITADEL ADVISORS LLC | Reduced | $116.6m246.4k shares |
| JANE STREET GROUP, LLC | Reduced | $48.6m102.8k shares |
| IMC-Chicago, LLC | Reduced | $40.1m84.8k shares |
| GROUP ONE TRADING LLC | Added | $28.2m59.5k shares |
| UBS Group AG | Reduced | $19.1m40.3k shares |
| BARCLAYS PLC | New | $18.0m38.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $15.6m330 shares |
| PEAK6 LLC | Reduced | $15.0m31.6k shares |
| SIG BROKERAGE, LP | Unchanged | $10.6m22.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $149.4m315.6k shares |
| GROUP ONE TRADING LLC | Added | $65.6m138.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $62.6m132.2k shares |
| CITADEL ADVISORS LLC | Reduced | $47.8m101.1k shares |
| IMC-Chicago, LLC | Reduced | $35.8m75.7k shares |
| JANE STREET GROUP, LLC | Reduced | $30.9m65.2k shares |
| Diameter Capital Partners LP | Reduced | $22.2m47.0k shares |
| HSBC HOLDINGS PLC | Reduced | $20.8m44.5k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $19.5m413 shares |
| Militia Capital Management LLC | First filing | $18.8m114.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Frisco Holding II
13D · may seek influence
new · filed 2026-02-10
Stated purposeOn February 6, 2026, certain dispositions and acquisitions of Shares (the "Exchange") occurred pursuant to an Exchange Agreement, dated as of that date (the "Exchange Agreement"), between the Issuer and Frisco, Inc., the predecessor in interest of Frisco, which resulted from the conversion of Frisco, Inc. into a partnership following completion of the Exchange. Specifically, Frisco disposed of 36,629,188 Shares to the Issuer in exchange for 36,557,141 Shares newly issued by the Issuer to Frisco. These transactions, together with the conversion of Frisco to an entity taxable as a partnership for U.S. federal income tax purposes, constituted a reorganization for purposes of Section 368(a) of the Internal Revenue Code of 1986, as amended. Frisco's being taxable as a partnership may in the fu… Full filing |
31.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 4 | $5.2m | — |
| Q3 2024 | 0 | — | 5 | $8.3m | $3.2m |
| Q4 2024 | 0 | — | 3 | $2.9m | — |
| Q1 2025 | 0 | — | 1 | $3.1m | — |
| Q2 2025 | 0 | — | 1 | $5.8m | — |
| Q3 2025 | 0 | — | 1 | $1.6m | $1.6m |
| Q4 2025 | 0 | — | 1 | $1.8m | — |
| Q1 2026 | 0 | — | 5 | $29.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-18 | McAlevey Michael R EVP & Chief Legal & Admin Off. | Sold | $903.5k1.7k shares |
| 2026-02-11 | Berres Jennifer SVP & Chief Human Res. Officer | Sold | $4.1m8.0k shares |
| 2026-02-11 | Wyatt Christopher F. SVP & Controller | Sold | $2.0m4.0k shares |
| 2026-02-03 | HAZEN SAMUEL N CEO, director | Sold | $14.1m28.2k shares |
| 2026-02-03 | HAZEN SAMUEL N CEO, director | Sold | $7.4m14.7k shares |
| 2026-02-03 | Cuffe Michael S. EVP and Chief Clinical Officer | Sold | $747.1k1.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.11% of their portfolio | 13.4m $6.3bn | Added +782.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 10.2m $4.8bn | First filing |
| Sanders Capital, LLC 5.05% of their portfolio | 9.0m $4.2bn | Reduced -1.5m |
| STATE STREET CORP 0.12% of their portfolio | 7.5m $3.6bn | Reduced -27.1k |
| FMR LLC 0.11% of their portfolio | 4.4m $2.1bn | Added +567.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.35% of their portfolio | 3.9m $1.8bn | Added +483.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 3.7m $1.7bn | Added +28.8k |
| First Eagle Investment Management, LLC 2.61% of their portfolio | 3.3m $1.5bn | Reduced -391.6k |
| Capital International Investors 0.34% of their portfolio | 3.0m $1.4bn | New |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.07% of their portfolio | 2.8m $1.3bn | First filing |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 2.5m $1.2bn | Added +102.8k |
| MORGAN STANLEY 0.07% of their portfolio | 2.3m $1.1bn | Added +100.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.55% of their portfolio | 2.2m $1.0bn | Reduced -145.9k |
| GOLDMAN SACHS GROUP INC 0.13% of their portfolio | 2.1m $1.0bn | Added +363.7k |
| Capital World Investors 0.13% of their portfolio | 2.0m $933.4m | Reduced -3.0m |
| NORTHERN TRUST CORP 0.11% of their portfolio | 1.8m $829.2m | Reduced -11.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.15% of their portfolio | 1.5m $709.9m | Reduced -59.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.63% of their portfolio | 1.4m $670.9m | Added +363.0k |
| Invesco Ltd. 0.07% of their portfolio | 1.4m $680.8m | Added +300.3k |
| BARCLAYS PLC 0.21% of their portfolio | 1.2m $590.8m | Reduced -73.9k |
| FRANKLIN RESOURCES INC 0.14% of their portfolio | 1.2m $575.7m | Reduced -17.8k |
| Legal & General Group Plc 0.12% of their portfolio | 1.1m $518.1m | Added +19.3k |
| VIKING GLOBAL INVESTORS LP 1.42% of their portfolio | 1.1m $508.8m | Added +76.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 1.1m $507.1m | Added +2.9k |
| JANUS HENDERSON GROUP PLC 0.23% of their portfolio | 1.0m $481.5m | Reduced -72.4k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 944.2k $446.8m | Reduced -25.7k |
| VANGUARD FIDUCIARY TRUST CO 0.11% of their portfolio | 886.6k $419.6m | First filing |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 886.5k $419.5m | Reduced -144.7k |
| LSV ASSET MANAGEMENT 0.83% of their portfolio | 818.4k $387.3m | Reduced -7.4k |
| Nuveen, LLC 0.10% of their portfolio | 783.5k $370.8m | Reduced -355.4k |
| Darsana Capital Partners LP 7.56% of their portfolio | 750.0k $354.9m | Reduced -250.0k |
| Pacer Advisors, Inc. 0.97% of their portfolio | 718.3k $339.9m | Reduced -43.2k |
| Life Cycle Investment Partners Ltd 2.09% of their portfolio | 694.2k $328.5m | Reduced -107.0k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 694.0k $328.4m | Reduced -59.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.27% of their portfolio | 685.7k $324.5m | Reduced -3.0k |
| LYRICAL ASSET MANAGEMENT LP 4.83% of their portfolio | 668.6k $316.4m | Reduced -46.5k |
| UBS Group AG 0.05% of their portfolio | 643.5k $304.5m | Reduced -462.3k |
| Amundi 0.08% of their portfolio | 615.1k $291.1m | Added +223.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.15% of their portfolio | 597.4k $282.7m | Reduced -3.8k |
| National Pension Service 0.21% of their portfolio | 588.8k $278.6m | Added +5.6k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 581.0k $275.0m | Added +126.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.57% of their portfolio | 577.1k $273.1m | Reduced -151.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 520.3k $246.2m | Reduced -41.3k |
| SG Americas Securities, LLC 0.26% of their portfolio | 496.5k $235.0m | Added +361.7k |
| Russell Investments Group, Ltd. 0.24% of their portfolio | 468.9k $221.8m | Reduced -69.1k |
| Swiss National Bank 0.13% of their portfolio | 468.8k $221.8m | Added +19.9k |
| SEI INVESTMENTS CO 0.20% of their portfolio | 467.8k $221.4m | Added +100.8k |
| Allianz Asset Management GmbH 0.25% of their portfolio | 458.0k $216.7m | Added +51.1k |
| Cryder Capital Partners LLP 14.05% of their portfolio | 454.4k $215.1m | Reduced -75.7k |
| TD Asset Management Inc 0.17% of their portfolio | 454.2k $215.0m | Reduced -68.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 451.1k $213.4m | Added +627 |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 426.8k $199.2m | Reduced -29.4k |
| Epoch Investment Partners, Inc. 1.18% of their portfolio | 412.9k $195.4m | Reduced -59.8k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 402.8k $190.6m | Added +56.3k |
| LEE DANNER & BASS INC 11.52% of their portfolio | 387.4k $183.3m | Reduced -499 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.30% of their portfolio | 381.4k $180.5m | Added +375.1k |
| California Public Employees Retirement System 0.11% of their portfolio | 378.9k $179.3m | Added +20.1k |
| Vanguard Global Advisers, LLC 0.09% of their portfolio | 360.0k $170.4m | First filing |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 358.2k $169.5m | Added +18.0k |
| KBC Group NV 0.42% of their portfolio | 354.6k $167.8m | Reduced -29.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 351.9k $166.5m | Reduced -22.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.23% of their portfolio | 349.1k $165.1m | Reduced -122.3k |
| BRANDES INVESTMENT PARTNERS, LP 1.15% of their portfolio | 343.2k $162.4m | Reduced -43.6k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 330.7k $155.7m | Reduced -61.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.60% of their portfolio | 321.4k $152.1m | Added +33.4k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 309.5k $145.9m | Reduced -261.8k |
| Metropolis Capital Ltd 4.93% of their portfolio | 308.3k $145.9m | Reduced -172.4k |
| LAZARD ASSET MANAGEMENT LLC 0.24% of their portfolio | 307.3k $145.4m | Added +52.4k |
| DANSKE BANK A/S 0.34% of their portfolio | 300.4k $142.2m | Added +12.4k |
| CAPTRUST FINANCIAL ADVISORS 0.24% of their portfolio | 293.5k $138.9m | Reduced -2.3k |
| ANTIPODES PARTNERS Ltd 2.66% of their portfolio | 291.5k $137.9m | Reduced -3.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.11% of their portfolio | 283.1k $134.0m | First filing |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.66% of their portfolio | 277.8k $131.5m | Added +26.3k |
| TRUIST FINANCIAL CORP 0.17% of their portfolio | 271.3k $128.4m | Reduced -2.7k |
| Gobi Capital LLC 7.25% of their portfolio | 262.2k $124.1m | Reduced -141.8k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 260.8k $123.4m | Reduced -18.7k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 259.1k $122.6m | Reduced -9.9k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 258.7k $122.4m | Reduced -82.8k |
| BloombergSen Inc. 13.11% of their portfolio | 247.4k $117.1m | Reduced -8.5k |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 244.7k $115.8m | Added +86.2k |
| Public Sector Pension Investment Board 0.35% of their portfolio | 238.8k $113.0m | Reduced -82.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 236.1k $111.7m | Added +1.0k |
| CITIGROUP INC 0.07% of their portfolio | 233.5k $110.5m | Reduced -2.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 231.8k $109.7m | Reduced -9.8k |
| AustralianSuper Pty Ltd 0.56% of their portfolio | 225.9k $106.9m | Added +83.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 215.8k $102.1m | Added +3.9k |
| ARGENT CAPITAL MANAGEMENT LLC 3.22% of their portfolio | 215.8k $102.1m | Reduced -8.1k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 209.1k $99.0m | Reduced -14.3k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 192.8k $91.2m | Reduced -9.0k |
| Quantinno Capital Management LP 0.15% of their portfolio | 191.5k $90.6m | Added +27.8k |
| Handelsbanken Fonder AB 0.30% of their portfolio | 190.4k $90.1m | Reduced -22.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio | 189.5k $89.6m | Added +39.6k |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 183.9k $87.0m | Reduced -18.7k |
| Korea Investment CORP 0.18% of their portfolio | 180.7k $85.5m | Added +24.5k |
| Retirement Systems of Alabama 0.28% of their portfolio | 175.2k $82.9m | Reduced -741 |
| Bridgewater Associates, LP 0.37% of their portfolio | 173.8k $82.2m | Reduced -155.5k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.45% of their portfolio | 173.2k $82.0m | Reduced -14.4k |
| Maj Invest Holding A/S 3.59% of their portfolio | 172.5k $81.6m | Reduced -2.1k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.60% of their portfolio | 171.7k $81.2m | Reduced -117.1k |
| TODD ASSET MANAGEMENT LLC 1.55% of their portfolio | 167.0k $79.0m | Added +53.6k |