Tenet Healthcare Corporation· THC

🇺🇸 US · LargeSP400NYSE

Healthcare Medical - Care Facilities Website

Price: $261.99
Day: +0.03%
Mkt Cap: $21.10B
52W Range: $157.58 – $283.05
Volume: 3.18M
Beta: 1.23

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

Smart Money: 2.4 / 5 (Bearish), from 3 of 3 components
Institutions Q2 2026: 717 institutions hold; 334 added, 267 reduced
Insiders Q3 2026: no purchases, 19 sales ($50.0M)

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Tenet Healthcare Corporation

THC|Healthcare|Medical - Care Facilities

Current price: $262

Smart Money

Dimension 5 of 5

Insider selling pace · Q3 2026

4.3x

vs own 6-quarter average

Seller breadth · Q3 2026

11 sellers

vs 3.2 avg per quarter

Institutional net breadth · Q2 2026

+51

432 adding vs 381 reducing

Institutional ownership · Q2 2026

96.8%

717 institutions

Insider Selling Pace

Each quarter's selling vs this stock's own trailing 6-quarter average

Light <0.5xRoutineElevated >1.5xHeavy >3xBuying

Institutional Positions

Institutions adding above the line, reducing below, net as a line

NewIncreasedReducedClosedNet

Largest Institutional Holders, Q2 2026

By reported market value, and how each moved in the quarter

Holder

Change

BLACKROCK, INC.

8.7M

+4.4%

PRICE T ROWE ASSOCIATES INC /MD/

8.0M

+10.0%

BOSTON PARTNERS

4.4M

+20.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.2M

+2.0%

FMR LLC

4.0M

-46.6%

VANGUARD CAPITAL MANAGEMENT LLC

3.9M

+3.5%

ETF & Fund Activity, Q2 2026

How the covering funds split between buying, holding and selling

130

163

130 buying163 unchanged91 selling

384 funds held THC in Q2 2026, holding 39.5M shares between them, down 1.9% on the quarter.

Largest fund holders

SPDR SERIES TRUST604.5K sh

NATIONWIDE MUTUAL FUNDS89.8K sh

Northern Lights Fund Trust8.7K sh

Notable Insider Transactions, Q3 2026

Largest open-market purchases and sales by value in the last eight quarters

Sale · Sep 10

Sutaria Saumya

$11.3M

Sale · Aug 24

Sutaria Saumya

$10.2M

Sale · Aug 25

Sutaria Saumya

$6.8M

Insider transactions from SEC Form 4 filings; institutional holdings from quarterly 13F filings, which are reported with a lag and can overlap between filers. 13F: quarterly institutional holdings report · ETF: Exchange-Traded Fund

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

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Generated September 21, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

THC Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

2.4/5

Bearish

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

-65

Institutional Flow

50% weight

-16

Fund Flow

10% weight

+25

Overall Smart Money sentiment of 2.4/5 (Bearish) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated September 20, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Selling Pace for THC

Each quarter's selling vs the stock's own trailing 6-quarter average; 1.0x is typical for this stock. Green triangles mark quarters with insider buying.

Very Bearish

Heavy insider selling in Q3 2026

19 sales totaling $50.0M (186.2K shares)

Share volume is 4.3x the historical average, significantly above normal

11 different insiders sold this quarter

Sell-only pattern: no insider purchases across 15 quarters

Steady selling pace across recent quarters

4.3x

Selling pace

vs own 6-qtr average

Heavy

18.38%

Stake sold

of active insiders' holdings

11 sellers

Seller breadth

vs 3.2 avg per quarter

None

Insider buying

in the last 16 quarters

Notable Recent Transactions, THC

Top 8 highest-value insider trades from the last 8 quarters

Sutaria Saumya

CEO

Sell

59,456 shares at $190.48

≈13.3% of their stake at the time

Sep 10, 2025$11.33M

Sutaria Saumya

CEO

Sell

36,656 shares at $278.90

≈7.0% of their stake at the time

Aug 24, 2026$10.22M

Sutaria Saumya

CEO

Sell

24,881 shares at $274.10

≈5.3% of their stake at the time

Aug 25, 2026$6.82M

Foo Lisa Y

COO

Sell

24,000 shares at $266.32

≈74.9% of their stake at the time

Aug 31, 2026$6.39M

Arnst Thomas W

EVP, Chief Admin. Officer & Gc

Sell

24,000 shares at $234.04

≈75.0% of their stake at the time

Mar 2, 2026$5.62M

Sutaria Saumya

CEO

Sell

17,220 shares at $273.34

≈3.6% of their stake at the time

Aug 25, 2026$4.71M

Sutaria Saumya

CEO

Sell

13,344 shares at $278.17

≈2.5% of their stake at the time

Aug 24, 2026$3.71M

Sutaria Saumya

CEO

Sell

19,306 shares at $191.70

≈5.0% of their stake at the time

Sep 10, 2025$3.70M

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Positions for THC

Institutions adding (new + increased) above zero, reducing (reduced + closed) below, net as a line

New Increased Reduced Closed Net (adding − reducing)

Neutral

Mixed institutional activity in Q2 2026

96.8% institutional ownership

Balanced activity: 432 adding vs 381 reducing

13F shares decreased by 1.5%, a modest change

+51

Net breadth

432 adding vs 381 reducing

Balanced

1.13

Add / reduce ratio

in Q2 2026

-16

New − closed

98 initiated, 114 exited

9 of 10

Top holders adding

largest holders with a known change

Position Changes

Q2 2026: how are institutions adjusting their positions?

+432 growing-381 shrinkingNet: +51

334

267

114

New (98)

Increased (334)

Reduced (267)

Closed (114)

Top Institutional Holders, THC

Largest 8 institutional positions by ownership percentage as of Q2 2026

BLACKROCK, INC.

8.7M

$1.6B

Ownership

10.47%

+4.4%

PRICE T ROWE ASSOCIATES INC /MD/

8.0M

$1.5B

Ownership

9.53%

+10.0%

BOSTON PARTNERS

4.4M

$829.1M

Ownership

5.31%

+20.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.2M

$792.9M

Ownership

5.07%

+2.0%

FMR LLC

4.0M

$747.3M

Ownership

4.78%

-46.6%

VANGUARD CAPITAL MANAGEMENT LLC

3.9M

$728.5M

Ownership

4.66%

+3.5%

STATE STREET CORP

2.8M

$514.7M

Ownership

3.29%

+5.3%

GLENVIEW CAPITAL MANAGEMENT, LLC

2.2M

$418.2M

Ownership

2.68%

+52.4%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 384 ETFs and mutual funds reporting

130 buying91 sellingNet: +39

130

163

Buying (130)

Unchanged (163)

Selling (91)

In total, funds bought 3.6M shares and sold 4.3M this quarter. Each fund counts once in the bar above, whatever the size of its move.

Bullish Signal

Funds accumulating in Q2 2026

384 ETFs and mutual funds reporting

130 buying vs 91 selling (balanced)

Top Fund Holders, THC

Largest 8 ETF and mutual fund positions by shares held, each fund's latest filing

SPDR SERIES TRUST

604.5K

Weight

2.99%

Jul 31, 2026No change

NATIONWIDE MUTUAL FUNDS

89.8K

Weight

0.01%

Jul 31, 2026Increased

Northern Lights Fund Trust

8.7K

Weight

0.02%

Jul 31, 2026No change

PFM Multi-Manager Series Trust

5.2K

Weight

0.03%

Jun 30, 2026Increased

BLACKROCK ADVANTAGE GLOBAL FUND, INC.

5.1K

Weight

0.01%

Jun 30, 2026No change

BlackRock Variable Series Funds, Inc.

5.0K

Weight

0.00%

Jun 30, 2026Increased

Advisors Preferred Trust

4.9K

Weight

0.06%

Jun 30, 2026No change

SIT MUTUAL FUNDS INC

4.9K

Weight

1.04%

Jun 30, 2026No change

Tenet Healthcare Corporation· THC

Holdings Analysis

Insider Trading Activity

1.3Transaction History110Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings162Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History110Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings162Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights