market folly

Larry Robbins' hedge fund firm Glenview Capital has just revealed a new stake in Tenet Healthcare (THC) via a 13G filed with the SEC.

Per the filing, they now own 22,405,900 shares of THC, or a 5.46% ownership stake in the company. The filing was just made due to portfolio activity on March 13th. Glenview did not own a stake at the end of 2011. Shares are up around 2% for the year thus far.

Some of the largest institutional holders of THC shares as of 2011 year-end include Harris Associates, Charter Bridge Capital, Samlyn Capital, and Highland Capital Management,.

Per Google Finance, Tenet Healthcare is "an investor-owned company that operates in one line of business: the provision of health care services through the operation of acute care hospitals and related health care facilities. All of Tenet’s operations are conducted through its subsidiaries and affiliates. Its business includes inpatient care, intensive care, cardiac care, radiology services and emergency medical treatment."