TENET HEALTHCARE CORP THC
COM NEW · Common Stock · CUSIP 88033G407 · ISIN US88033G4073
American healthcare company
- SectorHealth care
- IndustryServices-General Medical & Surgical Hospitals, NEC
- HeadquartersDallas, TX
- Founded1967
- Websitetenethealth.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 ($26.1m this quarter). Holder counts are more reliable. Shares outstanding: 95.8m as of 2024-07-24, 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 ≈ $133.04. Options: 31 managers hold calls ($371.3m notional), 26 hold puts ($368.7m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 361 |
| Q4 2022 | 354 |
| Q1 2023 | 367 |
| Q2 2023 | 418 |
| Q3 2023 | 410 |
| Q4 2023 | 425 |
| Q1 2024 | 460 |
| Q2 2024 | 530 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 195 | 186 |
| Q1 2023 | 187 | 170 |
| Q2 2023 | 203 | 206 |
| Q3 2023 | 183 | 219 |
| Q4 2023 | 193 | 215 |
| Q1 2024 | 220 | 208 |
| Q2 2024 | 280 | 225 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $185.9m | $228.4m | 1.23 |
| Q4 2023 | $319.0m | $259.0m | 0.81 |
| Q1 2024 | $264.4m | $256.7m | 0.97 |
| Q2 2024 | $371.3m | $368.7m | 0.99 |
Biggest buyers
| FMR LLC | Added | +3.2m |
| Nuveen Asset Management, LLC | Added | +871.3k |
| CITADEL ADVISORS LLC | Added | +634.0k |
| GOLDMAN SACHS GROUP INC | Added | +483.9k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +321.8k |
| Qube Research & Technologies Ltd | Added | +310.1k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +225.4k |
| RENAISSANCE TECHNOLOGIES LLC | New | +206.4k |
| AXA S.A. | Added | +164.8k |
| JANE STREET GROUP, LLC | Added | +129.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -3.7m |
| Camber Capital Management LP | Sold out | -1.9m |
| GLENVIEW CAPITAL MANAGEMENT, LLC | Reduced | -1.7m |
| LETKO, BROSSEAU & ASSOCIATES INC | Reduced | -1.1m |
| BlackRock Inc. | Reduced | -529.2k |
| VANGUARD GROUP INC | Reduced | -510.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -445.5k |
| LORD, ABBETT & CO. LLC | Reduced | -362.0k |
| DME Capital Management, LP | Reduced | -293.0k |
| GOLDENTREE ASSET MANAGEMENT LP | Sold out | -248.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $74.2m557.8k shares |
| CITADEL ADVISORS LLC | Reduced | $41.0m308.3k shares |
| JANE STREET GROUP, LLC | Reduced | $37.3m280.1k shares |
| PEAK6 Investments LLC | Added | $35.7m268.3k shares |
| SIMPLEX TRADING, LLC | Added | $23.3m175.0k shares |
| Caption Management, LLC | Reduced | $20.0m150.0k shares |
| UBS Group AG | Added | $18.3m137.2k shares |
| Twin Tree Management, LP | Reduced | $16.9m127.4k shares |
| GTS SECURITIES LLC | Reduced | $16.8m126.5k shares |
| Jefferies Financial Group Inc. | New | $12.6m94.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $103.5m778.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $69.9m525.4k shares |
| UBS Group AG | Added | $63.4m476.8k shares |
| SIMPLEX TRADING, LLC | Added | $33.4m251.1k shares |
| Portman Square Capital LLP | New | $13.4m100.5k shares |
| NOMURA HOLDINGS INC | Added | $10.5m79.1k shares |
| Verition Fund Management LLC | Added | $7.4m55.9k shares |
| IMC-Chicago, LLC | Reduced | $7.4m55.8k shares |
| WOLVERINE TRADING, LLC | Added | $6.6m49.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $6.2m46.9k 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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.2 pts · filed 2026-09-04 | 10.0% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution filed 2026-08-14 | 9.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: FMR LLC (4.6%, 2026-08-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $2.9m | — |
| Q4 2022 | 1 | $473.8k | 1 | $430.6k | — |
| Q1 2023 | 0 | — | 2 | $573.1k | — |
| Q2 2023 | 0 | — | 2 | $4.4m | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $399.9k | — |
| Q1 2024 | 0 | — | 5 | $5.7m | — |
| Q2 2024 | 0 | — | 5 | $6.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-10 | FISHER RICHARD W Director | Sold | $185.1k1.4k shares |
| 2024-05-31 | KERREY J ROBERT Director | Sold | $1.3m9.5k shares |
| 2024-05-30 | KERREY J ROBERT Director | Sold | $1.9m14.3k shares |
| 2024-05-30 | Lynch Christopher S. Director | Sold | $1.5m10.9k shares |
| 2024-05-09 | West Nadja Director | Sold | $225.3k1.8k shares |
| 2024-05-07 | FISHER RICHARD W Director | Sold | $308.0k2.5k shares |
| 2024-05-01 | Arnst Thomas W EVP, Chief Admin. Officer & GC | Sold | $946.0k8.1k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 10.4m $1.4bn | Reduced -510.7k |
| BlackRock Inc. 0.03% of their portfolio | 9.9m $1.3bn | Reduced -529.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.13% of their portfolio | 8.0m $1.1bn | Added +105.5k |
| Invesco Ltd. 0.16% of their portfolio | 5.7m $751.7m | Reduced -99.0k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 13.15% of their portfolio | 4.7m $620.7m | Reduced -1.7m |
| FMR LLC 0.03% of their portfolio | 4.1m $545.0m | Added +3.2m |
| STATE STREET CORP 0.02% of their portfolio | 2.9m $391.6m | Reduced -100.1k |
| MORGAN STANLEY 0.02% of their portfolio | 2.3m $305.3m | Reduced -3.7m |
| CITADEL ADVISORS LLC 0.28% of their portfolio | 2.1m $284.4m | Added +634.0k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.0m $265.2m | Reduced -16.3k |
| NORGES BANK 0.04% of their portfolio | 1.8m $237.3m | Reduced -82.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.7m $220.1m | Reduced -16.0k |
| MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio | 1.6m $208.2m | Reduced -445.5k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 1.4m $185.0m | Added +871.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio | 1.4m $183.3m | Reduced -87.4k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.3m $173.7m | Reduced -142.9k |
| ORBIMED ADVISORS LLC 3.10% of their portfolio | 1.2m $156.1m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.0m $136.5m | Reduced -38.2k |
| 8 KNOTS MANAGEMENT, LLC 12.66% of their portfolio | 985.7k $131.1m | Unchanged |
| Bank of New York Mellon Corp 0.02% of their portfolio | 917.8k $122.1m | Reduced -37.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 730.4k $97.2m | Reduced -27.9k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 722.8k $96.2m | Added +47.8k |
| MARSHALL WACE, LLP 0.13% of their portfolio | 714.0k $95.0m | Added +48.6k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 710.6k $94.5m | Added +483.9k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.54% of their portfolio | 687.4k $91.5m | Added +50.0k |
| DME Capital Management, LP 3.89% of their portfolio | 597.7k $79.5m | Reduced -293.0k |
| PFM Health Sciences, LP 4.27% of their portfolio | 589.4k $78.4m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 571.5k $76.0m | Reduced -54.4k |
| Integral Health Asset Management, LLC 6.62% of their portfolio | 500.0k $66.5m | Added +75.0k |
| LORD, ABBETT & CO. LLC 0.11% of their portfolio | 487.6k $64.9m | Reduced -362.0k |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 485.9k $64.6m | Added +310.1k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 409.1k $54.4m | Added +116.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 385.2k $51.2m | Added +7.8k |
| UBS Group AG 0.02% of their portfolio | 384.1k $51.1m | Added +121.6k |
| Avidity Partners Management LP 2.10% of their portfolio | 372.0k $49.5m | Reduced -229.0k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 341.2k $45.4m | Added +88.8k |
| BW Gestao de Investimentos Ltda. 5.96% of their portfolio | 340.0k $45.2m | Reduced -112.8k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 336.3k $44.7m | Reduced -117.4k |
| CITIGROUP INC 0.04% of their portfolio | 326.6k $43.4m | Reduced -61.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.13% of their portfolio | 326.2k $43.4m | Added +321.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 325.2k $43.3m | Reduced -57.2k |
| Assenagon Asset Management S.A. 0.11% of their portfolio | 319.8k $42.5m | Unchanged |
| LOOMIS SAYLES & CO L P 0.06% of their portfolio | 314.3k $41.8m | Reduced -63.5k |
| DG Capital Management, LLC 29.42% of their portfolio | 313.7k $41.7m | Added +5.7k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 300.2k $39.9m | Added +66.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 299.6k $39.9m | Reduced -4.0k |
| Owl Creek Asset Management, L.P. 6.98% of their portfolio | 292.8k $39.0m | Reduced -203.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.68% of their portfolio | 288.6k $38.4m | Reduced -179.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 280.2k $37.3m | Added +225.4k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 274.8k $36.6m | Reduced -10.3k |
| ExodusPoint Capital Management, LP 0.40% of their portfolio | 271.6k $36.1m | Reduced -51.7k |
| Khrom Capital Management LLC 6.79% of their portfolio | 270.2k $35.9m | Reduced -53.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 239.9k $31.9m | Added +94.9k |
| Holocene Advisors, LP 0.13% of their portfolio | 235.7k $31.4m | Reduced -89.7k |
| Rhenman & Partners Asset Management AB 2.92% of their portfolio | 229.0k $30.5m | Reduced -151.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 227.5k $30.3m | Added +129.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 225.6k $30.0m | Reduced -185.9k |
| LITTLEJOHN & CO LLC 14.82% of their portfolio | 218.2k $29.0m | Reduced -32.6k |
| BARCLAYS PLC 0.01% of their portfolio | 212.8k $28.3m | Added +9.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 209.0k $27.8m | Added +83.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 206.4k $27.5m | New |
| BANK OF NOVA SCOTIA 0.05% of their portfolio | 202.6k $27.0m | Added +25.2k |
| AXA S.A. 0.04% of their portfolio | 201.0k $26.7m | Added +164.8k |
| GABELLI FUNDS LLC 0.19% of their portfolio | 191.5k $25.5m | Reduced -51.0k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 189.9k $25.2m | Reduced -175.9k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 185.2k $24.7m | Added +7.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 182.5k $24.3m | Reduced -8.3k |
| Swiss National Bank 0.02% of their portfolio | 175.6k $23.4m | Reduced -4.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 172.0k $22.9m | Reduced -9.0k |
| Legal & General Group Plc 0.01% of their portfolio | 168.1k $22.4m | Added +17.6k |
| Walleye Capital LLC 0.23% of their portfolio | 164.3k $21.9m | Added +34.0k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 156.3k $20.8m | Reduced -68.1k |
| Boston Partners 0.03% of their portfolio | 154.5k $20.6m | Added +35.2k |
| Parkman Healthcare Partners LLC 2.70% of their portfolio | 148.9k $19.8m | Reduced -134.9k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 146.9k $19.5m | Added +7.7k |
| WINSLOW ASSET MANAGEMENT INC 3.85% of their portfolio | 146.8k $19.5m | Reduced -9.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 146.6k $19.5m | Added +9.5k |
| TD Asset Management Inc 0.02% of their portfolio | 144.7k $19.2m | Added +26.7k |
| PRIVATE MANAGEMENT GROUP INC 0.73% of their portfolio | 141.9k $18.9m | Reduced -88.5k |
| KINGDON CAPITAL MANAGEMENT, L.L.C. 2.84% of their portfolio | 138.3k $18.4m | Reduced -140.4k |
| Columbus Hill Capital Management, L.P. 3.62% of their portfolio | 132.9k $17.7m | Reduced -184.9k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 131.2k $17.5m | Reduced -15.3k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 130.5k $17.4m | Added +45.2k |
| ArrowMark Colorado Holdings LLC 0.21% of their portfolio | 129.9k $17.3m | Reduced -47.0k |
| Woodline Partners LP 0.16% of their portfolio | 127.7k $17.0m | New |
| Corebridge Financial, Inc. 0.09% of their portfolio | 123.6k $16.4m | First filing |
| BI Asset Management Fondsmaeglerselskab A/S 0.27% of their portfolio | 122.0k $16.2m | Added +115.6k |
| Retirement Systems of Alabama 0.06% of their portfolio | 120.6k $16.0m | Reduced -7.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 120.2k $16.0m | Added +5.3k |
| ING GROEP NV 0.09% of their portfolio | 120.0k $16.0m | New |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 112.0k $14.9m | Reduced -38.6k |
| Aberdeen Group plc 0.03% of their portfolio | 108.0k $14.4m | Reduced -22.1k |
| GENERAL AMERICAN INVESTORS CO INC 1.01% of their portfolio | 106.6k $14.2m | Reduced -3.4k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 104.5k $13.9m | Added +29.8k |
| Leith Wheeler Investment Counsel Ltd. 1.17% of their portfolio | 101.5k $13.5m | Reduced -44.4k |
| Trexquant Investment LP 0.20% of their portfolio | 99.1k $13.2m | New |
| Simplicity Wealth,LLC 0.30% of their portfolio | 98.4k $13.1m | Reduced -2.0k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 97.9k $13.0m | Reduced -1.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 97.8k $13.0m | Reduced -42.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 97.4k $13.0m | Added +6.4k |