THCNYSEServices-General Medical & Surgical Hospitals, NECFiscal year ends December 31
TENET HEALTHCARE CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$266.39−0.86 (-0.32%)
Close on Oct 19, 2026
- Market cap
- $22.37B
- P/E (TTM)
- 10.3
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
81M of 81M shares
Institutional holders
679
98 new, 102 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 43 sales
Net sold $71.70M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 8,083,830 | 10.00% | 13G (passive) amendment | Aug 31, 2026 |
| T. Rowe Price Associates, Inc. | 7,954,926 | 9.20% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Capital Management | 4,582,013 | 5.26% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of THC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 8,743,005 | 10.86% | $1.64B | +38,361 | 0.02% |
| Price T Rowe Associates Inc /Md/ | 7,957,449 | 9.88% | $1.49M | +438,707 | 0.15% |
| Boston Partners | 4,433,360 | 5.51% | $829.06M | +598,399 | 0.74% |
| Vanguard Portfolio Management LLC | 4,238,108 | 5.26% | $792.87M | −78,779 | 0.04% |
| FMR LLC | 3,994,545 | 4.96% | $747.30M | −3,782,034 | 0.03% |
| Vanguard Capital Management LLC | 3,894,189 | 4.84% | $728.52M | −17,219 | 0.02% |
| State Street Corp | 2,751,290 | 3.42% | $514.71M | +35,365 | 0.02% |
| Glenview Capital Management, LLC | 2,235,666 | 2.78% | $418.25M | +710,812 | 7.62% |
| Geode Capital Management, LLC | 1,884,982 | 2.34% | $352.72M | −45,465 | 0.02% |
| Citadel Advisors LLC | 1,765,596 | 2.19% | $330.31M | +1,346,800 | 0.04% |
| Arrowstreet Capital, Limited Partnership | 1,708,453 | 2.12% | $319.62M | +1,036,753 | 0.14% |
| Ameriprise Financial Inc | 1,664,068 | 2.07% | $311.46M | +171,948 | 0.06% |
| Dimensional Fund Advisors LP | 1,450,408 | 1.80% | $271.35M | +249,526 | 0.05% |
| Invesco Ltd. | 1,416,948 | 1.76% | $265.08M | −370,068 | 0.02% |
| Victory Capital Management Inc | 1,237,915 | 1.54% | $231.59M | +469,857 | 0.13% |
| Norges Bank | 1,214,240 | 1.51% | $227.16M | New | 0.02% |
| Aqr Capital Management LLC | 1,067,556 | 1.33% | $198.27M | −375,032 | 0.07% |
| Alliancebernstein L.P. | 910,270 | 1.13% | $171.78M | +211,113 | 0.06% |
| Manning & Napier Advisors LLC | 901,645 | 1.12% | $168.76M | New | 2.16% |
| Bank Of America Corp /De/ | 854,858 | 1.06% | $159.93M | +83,033 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 679 | 81M | 100.0% | 98 / 235 | 262 / 102 | 13M | 15M |
| Q1 2026 | 695 | 82M | 100.0% | 102 / 234 | 273 / 103 | 16M | 10M |
| Q4 2025 | 705 | 85M | 100.0% | 111 / 257 | 253 / 70 | 10M | 9M |
| Q3 2025 | 678 | 84M | 100.0% | 128 / 210 | 258 / 64 | 8M | 11M |
| Q2 2025 | 624 | 87M | 100.0% | 123 / 192 | 238 / 63 | 8M | 11M |
| Q1 2025 | 567 | 90M | 100.0% | 91 / 212 | 193 / 92 | 15M | 15M |
| Q4 2024 | 577 | 91M | 100.0% | 88 / 202 | 225 / 101 | 13M | 11M |
| Q3 2024 | 603 | 89M | 100.0% | 126 / 213 | 199 / 49 | 19M | 13M |
| Q2 2024 | 529 | 93M | 100.0% | 115 / 170 | 187 / 37 | 10M | 16M |
| Q1 2024 | 458 | 99M | 100.0% | 80 / 144 | 166 / 42 | 14M | 10M |
| Q4 2023 | 424 | 97M | 100.0% | 74 / 140 | 161 / 53 | 13M | 12M |
| Q3 2023 | 408 | 96M | 100.0% | 46 / 140 | 168 / 52 | 12M | 12M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of THC | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 2,947,772 | 3.66% | $551.47M | 0.44% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,734,962 | 3.40% | $511.66M | 0.02% | Jun 30, 2026 |
| T. Rowe Price Value Fund, Inc. | 2,092,106 | 2.60% | $391.39M | 1.15% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,975,296 | 2.45% | $369.54M | 0.20% | Jun 30, 2026 |
| Disciplined Value Mid Cap Fund | 1,528,689 | 1.90% | $285.99M | 1.23% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,251,377 | 1.55% | $234.11M | 0.35% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 987,687 | 1.23% | $184.78M | 0.19% | Jun 30, 2026 |
| VictoryShares Free Cash Flow ETF | 983,317 | 1.22% | $183.96M | 2.37% | Jun 30, 2026 |
| T. Rowe Price Health Sciences Fund, Inc. | 598,302 | 0.74% | $111.93M | 0.94% | Jun 30, 2026 |
| Disciplined Value Fund | 564,543 | 0.70% | $105.61M | 0.54% | Jun 30, 2026 |
| Invesco Main Street Fund | 519,819 | 0.65% | $132.44M | 1.15% | Jul 31, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 515,290 | 0.64% | $96.40M | 0.85% | Jun 30, 2026 |
| Growth Fund of America | 472,101 | 0.59% | $82.77M | 0.02% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 452,871 | 0.56% | $79.40M | 0.19% | May 31, 2026 |
| Fidelity Low-Priced Stock Fund | 439,250 | 0.55% | $111.91M | 0.45% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Saumya Sutaria | CEO, Director | 433,564 | 0.54% | Aug 26, 2026 |
| Lisa Y. Foo | EVP, Chief Operating Officer | 8,053 | 0.01% | Sep 1, 2026 |
| Paola M. Arbour | EVP, Chief Information Officer | 18,413 | 0.02% | Jul 28, 2026 |
| John Michael Grooms | Principal Accounting Officer | – | – | May 8, 2026 |
| Thomas W. Arnst | EVP, Chief Admin. Officer & GC | 12 | 0.00% | Mar 10, 2026 |
| Michael T. Maloney | EVP, Corporate Development | 101,990 | 0.13% | Mar 9, 2026 |
| R. Scott Ramsey | Principal Accounting Officer | 1,398 | 0.00% | Mar 3, 2026 |
| Sun Park | EVP & Chief Financial Officer | 23,049 | 0.03% | Mar 3, 2026 |
| J. Robert Kerrey | Director | 16,796 | 0.02% | Sep 16, 2026 |
| Richard J. Mark | Director | 25,121 | 0.03% | Sep 14, 2026 |
| Nadja West | Director | 23,653 | 0.03% | Sep 3, 2026 |
| Cecil D. Haney | Director | 12,403 | 0.02% | Aug 31, 2026 |
| Tammy Romo | Director | 28,284 | 0.04% | Aug 10, 2026 |
| Roy Blunt | Director | 4,589 | 0.01% | Aug 7, 2026 |
| James L. Bierman | Director | 31,604 | 0.04% | Jul 28, 2026 |
| Christopher S. Lynch | Director | 9,568 | 0.01% | Jul 28, 2026 |
| Vineeta Agarwala | Director | 4,446 | 0.01% | May 28, 2026 |
| Richard W. Fisher | Director | 10,125 | 0.01% | May 28, 2026 |
| Meghan Fitzgerald | Director | 17,087 | 0.02% | May 28, 2026 |
| Stephen H. Rusckowski | Director | 5,233 | 0.01% | May 27, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| J. Robert Kerrey Director | Sep 14, 2026 | Sale | −4,025 | $264.10 | $1.06M | 7,296 |
| J. Robert Kerrey Director | Sep 14, 2026 | Sale | −5,483 | $263.04 | $1.44M | 11,321 |
| J. Robert Kerrey Director | Sep 14, 2026 | Sale | −2,502 | $264.62 | $662.08K | 4,794 |
| Richard J. Mark Director | Sep 10, 2026 | Sale | −10,000 | $263.42 | $2.63M | 25,121 |
| Nadja West Director | Sep 2, 2026 | Sale | −1,152 | $258.80 | $298.14K | 23,653 |
| Lisa Y. Foo EVP, Chief Operating Officer | Aug 31, 2026 | Sale | −24,000 | $266.32 | $6.39M | 8,053 |
| Cecil D. Haney Director | Aug 28, 2026 | Gift | −150 | – | – | 12,403 |
| Saumya Sutaria CEO, Director | Aug 25, 2026 | Sale | −7,899 | $275.26 | $2.17M | 433,564 |
| Saumya Sutaria CEO, Director | Aug 25, 2026 | Sale | −17,220 | $273.34 | $4.71M | 466,344 |
| Saumya Sutaria CEO, Director | Aug 25, 2026 | Sale | −24,881 | $274.10 | $6.82M | 441,463 |
| Saumya Sutaria CEO, Director | Aug 24, 2026 | Sale | −36,656 | $278.90 | $10.22M | 483,564 |
| Saumya Sutaria CEO, Director | Aug 24, 2026 | Sale | −13,344 | $278.17 | $3.71M | 520,220 |
| Cecil D. Haney Director | Aug 24, 2026 | Sale | −1,300 | $278.03 | $361.44K | 12,553 |
| Tammy Romo Director | Aug 7, 2026 | Sale | −2,500 | $260.83 | $652.08K | 28,284 |
| Tammy Romo Director | Aug 6, 2026 | Sale | −4,922 | $264.15 | $1.30M | 30,784 |
| Roy Blunt Director | Aug 5, 2026 | Sale | −600 | $262.68 | $157.61K | 4,589 |
| Lisa Y. Foo EVP, Chief Operating Officer | Jul 29, 2026 | Sale | −10,000 | $258.03 | $2.58M | 32,053 |
| Paola M. Arbour EVP, Chief Information Officer | Jul 27, 2026 | Sale | −10,878 | $243.90 | $2.65M | 18,413 |
| Christopher S. Lynch Director | Jul 27, 2026 | Sale | −3,837 | $243.44 | $934.08K | 9,568 |
| James L. Bierman Director | Jul 27, 2026 | Sale | −5,000 | $244.96 | $1.22M | 31,604 |
| J. Robert Kerrey Director | May 28, 2026 | Sale | −713 | $175.13 | $124.87K | 18,070 |
| J. Robert Kerrey Director | May 28, 2026 | Sale | −905 | $176.89 | $160.09K | 17,165 |
| J. Robert Kerrey Director | May 28, 2026 | Sale | −1,690 | $173.97 | $294.01K | 18,783 |
| J. Robert Kerrey Director | May 28, 2026 | Sale | −1,969 | $173.12 | $340.87K | 20,473 |
| J. Robert Kerrey Director | May 28, 2026 | Sale | −361 | $177.52 | $64.08K | 16,804 |
| Nadja West Director | May 27, 2026 | Sale | −3,000 | $177.35 | $532.05K | 24,805 |
| Roy Blunt Director | May 22, 2026 | Returned to company | −493 | $173.78 | $85.67K | 5,189 |
| Roy Blunt Director | May 22, 2026 | Option exercise | +1,333 | – | – | 5,682 |
| Tammy Romo Director | May 22, 2026 | Option exercise | +1,333 | – | – | 36,199 |
| Tammy Romo Director | May 22, 2026 | Returned to company | −493 | $173.78 | $85.67K | 35,706 |
| Richard W. Fisher Director | May 22, 2026 | Option exercise | +1,333 | – | – | 10,125 |
| Richard W. Fisher Director | May 22, 2026 | Returned to company | −493 | $173.78 | $85.67K | 9,632 |
| Cecil D. Haney Director | May 22, 2026 | Returned to company | −493 | $173.78 | $85.67K | 13,853 |
| Cecil D. Haney Director | May 22, 2026 | Option exercise | +1,333 | – | – | 14,346 |
| Meghan Fitzgerald Director | May 22, 2026 | Returned to company | −493 | $173.78 | $85.67K | 17,087 |
| Meghan Fitzgerald Director | May 22, 2026 | Option exercise | +1,333 | – | – | 17,580 |
| J. Robert Kerrey Director | May 22, 2026 | Returned to company | −607 | $173.78 | $105.48K | 22,442 |
| J. Robert Kerrey Director | May 22, 2026 | Option exercise | +1,643 | – | – | 23,049 |
| Richard J. Mark Director | May 22, 2026 | Returned to company | −493 | $173.78 | $85.67K | 35,121 |
| Richard J. Mark Director | May 22, 2026 | Option exercise | +1,333 | – | – | 35,614 |
| Vineeta Agarwala Director | May 22, 2026 | Option exercise | +1,333 | – | – | 4,446 |
| Nadja West Director | May 22, 2026 | Returned to company | −493 | $173.78 | $85.67K | 27,805 |
| Nadja West Director | May 22, 2026 | Option exercise | +1,333 | – | – | 28,298 |
| James L. Bierman Director | May 22, 2026 | Option exercise | +1,333 | – | – | 36,604 |
| Christopher S. Lynch Director | May 22, 2026 | Option exercise | +1,333 | – | – | 13,405 |
| Paola M. Arbour EVP, Chief Information Officer | Mar 11, 2026 | Sale | −6,500 | $238.43 | $1.55M | 29,291 |
| Thomas W. Arnst EVP, Chief Admin. Officer & GC | Mar 9, 2026 | Sale | −3,286 | $239.46 | $786.87K | 12 |
| Thomas W. Arnst EVP, Chief Admin. Officer & GC | Mar 9, 2026 | Sale | −4,714 | $238.42 | $1.12M | 3,298 |
| R. Scott Ramsey Principal Accounting Officer | Mar 2, 2026 | Sale | −4,494 | $233.21 | $1.05M | 1,398 |
| R. Scott Ramsey Principal Accounting Officer | Mar 2, 2026 | Sale | −2,125 | $230.98 | $490.83K | 5,892 |
| R. Scott Ramsey Principal Accounting Officer | Mar 2, 2026 | Sale | −1,398 | $233.69 | $326.70K | 0 |
| Thomas W. Arnst EVP, Chief Admin. Officer & GC | Mar 2, 2026 | Sale | −24,000 | $234.04 | $5.62M | 8,012 |
| Saumya Sutaria CEO, Director | Feb 27, 2026 | Tax withholding | −29,919 | $239.39 | $7.16M | 658,523 |
| Saumya Sutaria CEO, Director | Feb 27, 2026 | Option exercise | +22,417 | – | – | 661,340 |
| Saumya Sutaria CEO, Director | Feb 27, 2026 | Tax withholding | −124,959 | $239.39 | $29.91M | 533,564 |
| Saumya Sutaria CEO, Director | Feb 27, 2026 | Option exercise | +36,384 | – | – | 697,724 |
| Saumya Sutaria CEO, Director | Feb 27, 2026 | Tax withholding | −9,282 | $237.58 | $2.21M | 688,442 |
| Paola M. Arbour EVP, Chief Information Officer | Feb 27, 2026 | Tax withholding | −6,810 | $239.39 | $1.63M | 35,791 |
| Paola M. Arbour EVP, Chief Information Officer | Feb 27, 2026 | Option exercise | +2,799 | – | – | 44,938 |
| Paola M. Arbour EVP, Chief Information Officer | Feb 27, 2026 | Tax withholding | −1,838 | $239.39 | $440.00K | 42,601 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| J. Robert Kerrey Director | Sep 14, 2026 | 12,010 | $3.21M | Sep 14, 2026 | Restricted Stock Vesting |
| Richard J. Mark Director | Sep 10, 2026 | 10,000 | $2.63M | Sep 10, 2026 | Restricted Stock Vesting |
| Nadja West Director | Sep 2, 2026 | 1,152 | $298.14K | Sep 2, 2026 | Restricted Stock Vesting |
| Lisa Y. Foo Officer | Aug 31, 2026 | 24,000 | $6.39M | Aug 31, 2026 | Restricted Stock Vesting |
| Saumya Sutaria Officer, Director | Aug 25, 2026 | 50,000 | $13.70M | Aug 25, 2026 | Restricted Stock Vesting |
| Saumya Sutaria Officer, Director | Aug 24, 2026 | 50,000 | $13.94M | Aug 24, 2026 | Restricted Stock Vesting |
| Cecil D. Haney Director | Aug 24, 2026 | 1,300 | $361.44K | Aug 24, 2026 | Restricted Stock Vesting |
| Tammy Romo Director | Aug 7, 2026 | 2,500 | $652.06K | Aug 7, 2026 | Restricted Stock Vesting |
| Tammy Romo Director | Aug 6, 2026 | 4,922 | $1.30M | Aug 6, 2026 | Restricted Stock Vesting |
| Roy Blunt Director | Aug 5, 2026 | 600 | $157.61K | Aug 5, 2026 | Restricted Stock Vesting |
| Lisa Y. Foo Officer | Jul 29, 2026 | 10,000 | $2.58M | Jul 29, 2026 | Restricted Stock Vesting |
| James L. Bierman Director | Jul 27, 2026 | 5,000 | $1.22M | Jul 27, 2026 | Restricted Stock Vesting |
| Paola M. Arbour Officer | Jul 27, 2026 | 10,878 | $2.65M | Jul 27, 2026 | Restricted Stock Vesting |
| J. Robert Kerrey Director | May 28, 2026 | 5,638 | $983.92K | May 28, 2026 | Restricted Stock Vesting |
| Nadja West Director | May 27, 2026 | 3,000 | $532.05K | May 27, 2026 | Restricted Stock Vesting |