Vault-13

TABULA RASA HEALTHCARE INC TRHC

COM · Common Stock · CUSIP 873379101 · ISIN US8733791011

85 institutional holders +3 vs Q2 2023
16,250,09416.3m shares reported held*
$166.6mreported value*
33 new 12 added 22 reduced 32 sold out net sold ≈ $4.0m (-300.4k shares)

* 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 ($97.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.25. Options: 3 managers hold calls ($302.1k notional), 3 hold puts ($398.3k).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 81Q4 22: 68Q1 23: 63Q2 23: 82Q3 23: 8585Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202281
Q4 202268
Q1 202363
Q2 202382
Q3 202385

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 18 bought or addedQ4 22: 47 cut or sold outQ4 22Q1 23: 21 bought or addedQ1 23: 37 cut or sold outQ1 23Q2 23: 41 bought or addedQ2 23: 28 cut or sold outQ2 23Q3 23: 45 bought or addedQ3 23: 54 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221847
Q1 20232137
Q2 20234128
Q3 20234554

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ4 22 calls: $265.0kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $250.6kQ1 23 puts: $14.5kQ1 23P/C 0.06Q2 23 calls: $327.5kQ2 23 puts: $16.4kQ2 23P/C 0.05Q3 23 calls: $302.1kQ3 23 puts: $398.3kQ3 23P/C 1.32
Numbers
QuarterCallsPutsP/C
Q4 2022$265.0k$00.00
Q1 2023$250.6k$14.5k0.06
Q2 2023$327.5k$16.4k0.05
Q3 2023$302.1k$398.3k1.32

Biggest buyers

GLAZER CAPITAL, LLC New +1,051,347+1.1m
Beryl Capital Management LLC New +591,748+591.7k
Berry Street Capital Management LLP New +550,000+550.0k
Qube Research & Technologies Ltd New +368,220+368.2k
GABELLI FUNDS LLC New +355,661+355.7k
WATER ISLAND CAPITAL LLC New +269,001+269.0k
GABELLI & Co INVESTMENT ADVISERS, INC. New +246,250+246.2k
JPMORGAN CHASE & CO Added +242,898+242.9k
EHP Funds Inc. New +225,000+225.0k
BARCLAYS PLC New +224,778+224.8k

Biggest sellers

WASATCH ADVISORS LP Sold out -1,148,861-1.1m
BAILLIE GIFFORD & CO Sold out -831,278-831.3k
Kent Lake Capital LLC Sold out -599,691-599.7k
ACADIAN ASSET MANAGEMENT LLC Sold out -445,200-445.2k
Invesco Ltd. Sold out -355,340-355.3k
FULLER & THALER ASSET MANAGEMENT, INC. Sold out -350,056-350.1k
Repertoire Partners LP Sold out -349,747-349.7k
MORGAN STANLEY Reduced -323,728-323.7k
Informed Momentum Co LLC Sold out -269,632-269.6k
FEDERATED HERMES, INC. Sold out -230,968-231.0k

Biggest calls

GROUP ONE TRADING LLC Reduced $161.9k15.7k shares
CITADEL ADVISORS LLC Reduced $140.2k13.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $376.3k36.5k shares
SIMPLEX TRADING, LLC Added $22.0k2.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Indaba Capital Management, L.P. 19.81% of their portfolio SAN FRANCISCO, CA 6,521,5786.5m $67.2m $67.2m 19.81% Unchanged
2 GLAZER CAPITAL, LLC 0.71% of their portfolio New York, NY 1,051,3471.1m $10.8m $10.8m 0.71% New
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 899,510899.5k $9.3m $9.3m 0.00% Added +72.8k +72,834
4 Beryl Capital Management LLC 0.78% of their portfolio REDONDO BEACH, CA 591,748591.7k $6.1m $6.1m 0.78% New
5 Berry Street Capital Management LLP 2.43% of their portfolio LONDON, X0 550,000550.0k $5.7m $5.7m 2.43% New
6 BlackRock Inc. 0.00% of their portfolio New York, NY 371,388371.4k $3.8m $3.8m 0.00% Reduced -107.0k -107,050
7 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 368,220368.2k $3.8m $3.8m 0.01% New
8 GABELLI FUNDS LLC 0.03% of their portfolio Rye, NY 355,661355.7k $3.7m $3.7m 0.03% New
9 KENNEDY CAPITAL MANAGEMENT LLC 0.08% of their portfolio ST LOUIS, MO 300,851300.9k $3.1m $3.1m 0.08% Reduced -60.5k -60,472
10 WATER ISLAND CAPITAL LLC 0.25% of their portfolio NEW YORK, NY 269,001269.0k $2.8m $2.8m 0.25% New
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 251,613251.6k $2.6m $2.6m 0.00% Added +242.9k +242,898
12 GABELLI & Co INVESTMENT ADVISERS, INC. 0.41% of their portfolio Rye, NY 246,250246.2k $2.5m $2.5m 0.41% New
13 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 242,088242.1k $2.5m $2.5m 0.00% Added +5.0k +4,975
14 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 241,600241.6k $2.5m $2.5m 0.01% Added +21.7k +21,700
15 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 236,667236.7k $2.4m $2.4m 0.01% Reduced -17.6k -17,573
16 EHP Funds Inc. 1.10% of their portfolio TORONTO, Z4 225,000225.0k $2.3m $2.3m 1.10% New
17 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 224,778224.8k $2.3m $2.3m 0.00% New
18 Crystalline Management Inc. 1.76% of their portfolio Montreal, Quebec, Z4 223,850223.8k $2.3m $2.3m 1.76% New
19 PARADIGM CAPITAL MANAGEMENT INC/NY 0.13% of their portfolio ALBANY, NY 213,800213.8k $2.2m $2.2m 0.13% Unchanged
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 202,388202.4k $2.1m $2.1m 0.00% Reduced -4.2k -4,161
21 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 153,000153.0k $1.6m $1.6m 0.00% Reduced -200 -200
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 148,348148.3k $1.5m $1.5m 0.00% New
23 Capula Management Ltd 0.09% of their portfolio Grand Cayman, E9 135,382135.4k $1.4m $1.4m 0.09% Not comparable
24 Sagefield Capital LP 0.19% of their portfolio DALLAS, TX 129,360129.4k $1.3m $1.3m 0.19% New
25 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 126,133126.1k $1.3m $1.3m 0.00% New
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 121,025121.0k $1.2m $1.2m 0.00% Added +107.3k +107,288
27 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 120,801120.8k $1.2m $1.2m 0.01% New
28 New York Life Investment Management LLC 0.01% of their portfolio New York, NY 114,215114.2k $1.2m $1.2m 0.01% New
29 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 101,468101.5k $1.0m $1.0m 0.00% Reduced -3.4k -3,413
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 95,53095.5k $984.9k $984.9k 0.00% Reduced -323.7k -323,728
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 95,10495.1k $980.5k $980.5k 0.00% Added +94.6k +94,599
32 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 91,36991.4k $942.0k $942.0k 0.00% Reduced -1.2k -1,237
33 PenderFund Capital Management Ltd. 0.38% of their portfolio VANCOUVER, A1 90,02390.0k $1.3k $1.3k 0.38% New
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 88,67588.7k $914.2k $914.2k 0.00% Reduced -88 -88
35 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio HOUSTON, TX 86,30086.3k $889.8k $889.8k 0.02% Reduced -11.5k -11,500
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 79,20179.2k $816.6k $816.6k 0.00% Reduced -34.3k -34,291
37 JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio FLORHAM PARK, NJ 72,16372.2k $744.0k $744.0k 0.00% Reduced -40.5k -40,460
38 BCK CAPITAL MANAGEMENT LP 0.35% of their portfolio STAMFORD, CT 67,00067.0k $690.8k $690.8k 0.35% New
39 Cannell & Spears LLC 0.06% of their portfolio NEW YORK, NY 66,88766.9k $689.6k $689.6k 0.06% Reduced -368 -368
40 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 54,52454.5k $562.1k $562.1k 0.00% Reduced -305 -305
41 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 48,93148.9k $504.5k $504.5k 0.01% Added +28.6k +28,585
42 Polar Asset Management Partners Inc. 0.01% of their portfolio TORONTO, A6 48,70048.7k $502.1k $502.1k 0.01% New
43 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 47,66247.7k $491.4k $491.4k 0.01% New
44 Diametric Capital, LP 0.18% of their portfolio BOSTON, MA 42,50042.5k $438.2k $438.2k 0.18% New
45 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 40,27440.3k $415.0k $415.0k 0.00% New
46 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 38,82138.8k $400.2k $400.2k 0.01% New
47 OMERS ADMINISTRATION Corp 0.01% of their portfolio TORONTO, A6 36,30036.3k $374.3k $374.3k 0.01% New
48 MATTERN CAPITAL MANAGEMENT, LLC 0.06% of their portfolio LAKEWOOD, CO 36,29936.3k $374.2k $374.2k 0.06% Unchanged
49 Mint Tower Capital Management B.V. 0.09% of their portfolio AMSTERDAM, P7 32,24932.2k $332.0k $332.0k 0.09% New
50 GAM Holding AG 0.02% of their portfolio Zurich, V8 26,30026.3k $271.2k $271.2k 0.02% New
51 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 24,74924.7k $255.2k $255.2k 0.00% New
52 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 24,22624.2k $249.8k $249.8k 0.00% Reduced -22.2k -22,156
53 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio BALA CYNWYD, PA 21,10921.1k $217.6k $217.6k 0.01% Reduced -98.2k -98,221
54 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 16,95217.0k $175.0k $175.0k 0.00% Unchanged
55 PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 16,42016.4k $169.3k $169.3k 0.02% New
56 Quaker Wealth Management, LLC 0.07% of their portfolio MOORESTOWN, NJ 13,04713.0k $134.5k $134.5k 0.07% Unchanged
57 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 12,90012.9k $133.0k $133.0k 0.00% New
58 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 11,72911.7k $120.9k $120.9k 0.00% Unchanged
59 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 11,47911.5k $118.3k $118.3k 0.00% New
60 Graham Capital Management, L.P. 0.00% of their portfolio ROWAYTON, CT 11,08811.1k $114.3k $114.3k 0.00% New
61 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 10,62710.6k $109.6k $109.6k 0.00% Unchanged
62 Argyle Capital Management, LLC 0.04% of their portfolio CENTER VALLEY, PA 10,22810.2k $105.5k $105.5k 0.04% Unchanged
63 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 10,20810.2k $105.2k $105.2k 0.00% New
64 NJ State Employees Deferred Compensation Plan 0.02% of their portfolio TRENTON, NJ 10,00010.0k $103.1k $103.1k 0.02% Unchanged
65 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 9,4989.5k $97.9k $97.9k 0.00% Added +9.5k +9,497
66 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 5,3845.4k $55.5k $55.5k 0.00% Reduced -5.1k -5,094
67 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,8183.8k $39.0k $39.0k 0.00% Reduced -9.3k -9,293
68 FMR LLC 0.00% of their portfolio BOSTON, MA 3,4183.4k $35.2k $35.2k 0.00% Unchanged
69 SUMMIT SECURITIES GROUP LLC 0.02% of their portfolio NEW YORK, NY 2,0932.1k $22.0k $22.0k 0.02% New
70 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,8881.9k $19.5k $19.5k 0.00% Added +1.9k +1,887
71 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 1,5471.5k $15.9k $15.9k 0.00% Reduced -183 -183
72 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,4841.5k $15.3k $15.3k 0.00% Added +1.0k +1,004
73 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,0711.1k $11.0k $11.0k 0.00% First filing
74 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 872872 $9.0k $9.0k 0.00% Unchanged
75 NVWM, LLC 0.00% of their portfolio YARDLEY, PA 500500 $5.2k $5.2k 0.00% Unchanged
76 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 296296 $3.1k $3.1k 0.00% Reduced -119.1k -119,100
77 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 286286 $2.0k $2.0k 0.00% New
78 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 202202 $2.1k $2.1k 0.00% Added +21 +21
79 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 200200 $2.1k $2.1k 0.00% Added +100 +100
80 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 182182 $1.9k $1.9k 0.00% Reduced -4.0k -3,955
81 FIRST FINANCIAL CORP /IN/ 0.00% of their portfolio TERRE HAUTE, IN 100100 $1.0k $1.0k 0.00% Unchanged
82 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 100100 $1.0k $1.0k 0.00% Unchanged
83 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 88 $82 $82 0.00% Reduced -108 -108
84 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $10 $10 0.00% Unchanged
85 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged