Cliff Asness's THC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.26 M shares of Tenet Healthcare Corporation (THC) worth $448.42 M, representing 0.24% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in THC, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 720,160 shares. Largest reduction occurred in Q1 2019, reducing 368,224 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Tenet Healthcare Corporation (THC) Holding Value Over Time
Track share changes against reported price movement
Quarterly Tenet Healthcare Corporation (THC) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +380,116 | Add 20.26% | 2.26 M | $198.72 |
| Q3 2025 | +720,160 | Add 62.28% | 1.88 M | $203.04 |
| Q2 2025 | +252,993 | Add 28.01% | 1.16 M | $173.16 |
| Q1 2025 | +31,153 | Add 3.57% | 903,270 | $131.59 |
| Q4 2024 | +150,361 | Add 20.83% | 872,117 | $126.23 |
| Q3 2024 | +380,506 | Add 111.50% | 721,756 | $162.12 |
| Q2 2024 | +88,781 | Add 35.17% | 341,250 | $133.03 |
| Q1 2024 | -29,079 | Reduce 10.33% | 252,469 | $104.80 |
| Q4 2023 | +105,496 | Add 59.92% | 281,548 | $75.57 |
| Q3 2023 | +33,459 | Add 23.46% | 176,052 | $65.89 |
| Q2 2023 | -166,490 | Reduce 53.87% | 142,593 | $81.38 |
| Q1 2023 | -351,501 | Reduce 53.21% | 309,083 | $58.46 |
| Q4 2022 | +267,928 | Add 68.23% | 660,584 | $47.90 |
| Q3 2022 | +21,012 | Add 5.65% | 392,656 | $51.58 |
| Q2 2022 | +122,632 | Add 49.25% | 371,644 | $52.46 |
| Q1 2022 | +98,263 | Add 65.18% | 249,012 | $85.96 |
| Q4 2021 | +84,460 | Add 127.41% | 150,749 | $81.69 |
| Q3 2021 | -71,135 | Reduce 51.76% | 66,289 | $66.44 |
| Q2 2021 | +1,124 | Add 0.82% | 137,424 | $66.26 |
| Q1 2021 | -159,158 | Reduce 53.87% | 136,300 | $52.00 |
| Q4 2020 | -194,591 | Reduce 39.71% | 295,458 | $39.79 |
| Q3 2020 | -102,183 | Reduce 17.25% | 490,049 | $24.51 |
| Q2 2020 | +265,215 | Add 81.10% | 592,232 | $17.45 |
| Q1 2020 | -44 | Reduce 0.01% | 327,017 | $14.40 |
| Q4 2019 | +120,810 | Add 58.57% | 327,061 | $38.03 |
| Q3 2019 | -272,989 | Reduce 56.96% | 206,251 | $21.59 |
| Q2 2019 | -343,644 | Reduce 41.76% | 479,240 | $20.33 |
| Q1 2019 | -368,224 | Reduce 30.91% | 822,884 | $28.82 |
| Q4 2018 | +522,799 | Add 78.23% | 1.19 M | $17.14 |
| Q3 2018 | +350,745 | Add 110.45% | 668,309 | $28.46 |
| Q2 2018 | +182,584 | Add 135.27% | 317,564 | $33.57 |
| Q1 2018 | -42,489 | Reduce 23.94% | 134,980 | $24.25 |
| Q4 2017 | +164,609 | Add 1280.01% | 177,469 | $15.16 |
| Q3 2017 | +12,860 | New Buy | 12,860 | $16.41 |
| Q2 2017 | -77,369 | Sold Out | 0 | $0.00 |
| Q1 2017 | +45,620 | Add 143.69% | 77,369 | $17.71 |
| Q4 2016 | +31,749 | New Buy | 31,749 | $14.84 |
| Q1 2016 | -11,457 | Sold Out | 0 | $0.00 |
| Q4 2015 | +1,752 | Add 18.05% | 11,457 | $30.29 |
| Q1 2015 | -5,600 | Reduce 36.59% | 9,705 | $49.46 |
| Q3 2014 | -800 | Reduce 4.97% | 15,305 | $59.39 |
| Q2 2014 | -20,591 | Reduce 56.11% | 16,105 | $46.94 |
| Q1 2014 | +1,300 | Add 3.67% | 36,696 | $42.81 |
| Q4 2013 | +579 | Add 1.66% | 35,396 | $42.12 |
| Q3 2013 | +612 | Add 1.79% | 34,817 | $41.19 |
| Q2 2013 | +34,205 | Add 0.00% | 34,205 | $46.10 |
| Q4 2012 | +109,375 | Add 0.00% | 109,375 | $32.47 |
Cliff Asness's Tenet Healthcare Corporation Investment FAQs
Cliff Asness first purchased Tenet Healthcare Corporation (THC) in Q4 2012, acquiring 109,375 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Tenet Healthcare Corporation (THC) for 51 quarters since Q4 2012.
Cliff Asness's largest addition to Tenet Healthcare Corporation (THC) was in Q3 2025, adding 1,876,423 shares worth $380.99 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,256,539 shares of Tenet Healthcare Corporation (THC), valued at approximately $448.42 M.
As of the Q4 2025 filing, Tenet Healthcare Corporation (THC) represents approximately 0.24% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Tenet Healthcare Corporation (THC) was 2,256,539 shares, as reported at the end of Q4 2025.