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THC

Tenet Healthcare Corporation

Sector: healthcareMedical - Care FacilitiesNYSEMarket Cap: $20.82B

Tenet Healthcare Corporation operates a national network of hospitals and outpatient centers, with its primary political signal being direct executive branch exposure via a disclosed holding by former President Donald J. Trump.

Govt Dependence
85/100
Regulatory Density
90/100
Lobbying Intensity
0/100
Political Signal
NEUTRAL

BusinessWhat THC does

Tenet Healthcare Corporation is a diversified healthcare services company with a portfolio of approximately 60 hospitals and over 550 outpatient centers. Its business model generates revenue from hospital operations, ambulatory surgery, and urgent care services, heavily reliant on government reimbursement programs like Medicare and Medicaid. The company's financial performance is directly tied to federal healthcare policy and payment rates.

Executive Branch ConflictsTHC held by Trump-administration officials

1 cabinet/senior official reported THC positions in OGE Form 278 disclosures across 1 filings.

Lifetime Government AwardsTHC federal contracts

THC doesn't hold direct federal contracts.

Verified via USASpending.gov: $0 reported in direct prime-contract awards. Companies in this position typically sell federal services indirectly through prime contractors and integrators (e.g., Lockheed Martin, Booz Allen, Microsoft Azure) or through commercial channels that don't appear in USASpending data.

Smart Money · 13F HoldingsHedge funds holding THC

$2.91B
Total THC held by tracked 13F funds
40
Funds with THC positions
+40
Funds opened this quarter
Lone Pine Capital $355M opened 2 overlap 2025-12-31
Citadel Advisors $309M opened 2025-06-30
Citadel Advisors $282M opened 2024-06-30
Citadel Advisors $266M opened 2024-09-30
Citadel Advisors $251M opened 2025-03-31
D.E. Shaw & Co. $209M opened 2 overlap 2025-12-31
Citadel Advisors $173M opened 2025-09-30
Citadel Advisors $157M opened 2024-03-31
32 more 13F positions tracked · quarterly delta charts available in member dashboard

Politicians Trading THCMembers of Congress with recent THC positions

3 politicians traded THC across 10 disclosed transactions totaling $105K (last 730 days). Greed score = composite of trade frequency, volume & recency across the politician's entire history (not just THC). 0-30 LOW · 30-60 MID · 60+ HIGH.

Congressional TradesWho in Congress is trading THC

2026-02-11 Jonathan L. Jackson D-Illinois · house Sale $1,001 - $15,000
2025-12-10 Jonathan L. Jackson D-Illinois · house Purchase $15,001 - $50,000
2025-09-03 Jonathan L. Jackson D-Illinois · house purchase $1,001 - $15,000
2025-09-03 Jonathan L. Jackson D-Illinois · house Purchase $1,001 - $15,000
2025-08-04 Lisa C. McClain R-Michigan · house sale $1,001 - $15,000
2025-08-04 Lisa C. McClain R-Michigan · house Sale $1,001 - $15,000
2025-06-11 Lisa C. McClain R-Michigan · house purchase $1,001 - $15,000 63d late
2025-06-11 Lisa C. McClain R-Michigan · house Purchase $1,001 - $15,000 63d late
2024-09-04 John James R-Michigan · house Sale $1,001 - $15,000
2024-09-04 John James R-Michigan · house sale $1,001 - $15,000
2023-11-10 John James R-Michigan · house purchase $1,001 - $15,000 297d late
2023-11-10 John James R-Michigan · house Purchase $1,001 - $15,000 297d late
12+ trades on file · most recent 2026-03-13

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

No Form 4 activity recorded in the last 180 days.

Bills Affecting THCLive legislation impacting this stock

Political ProfileWhere THC sits in Washington

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STRUCTURAL: High government dependence (score 85) and regulatory density (score 90) due to hospital business model and 8 pending healthcare bills with material revenue impacts. EVIDENTIARY: Direct executive branch exposure via a Trump holding (`get_executive_branch_exposure.by_ticker[0].holdings[0]`), and active congressional trading by a senior Democrat (Rep. Jeffries, 4 trades). Countered by zero lobbying spend, zero insider buys in 180 days (`get_corporate_insider_signal.total_buys: 0`), and no federal contract history. Net: High structural exposure with mixed, low-volume evidentiary signals.

Regulatory ExposureThreats & opportunities

Regulatory threats

  • Regulatory pressure from pending healthcare legislation affecting reimbursement.
    Congress/CMS
    "`Recent bill_impacts` lists 8 healthcare bills with material estimated revenue impacts, ranging from $3.19M to $6.06M."

Regulatory opportunities

  • Potential for favorable policy in high-impact healthcare bills.
    Congress
    "`Recent bill_impacts` shows multiple bills with positive estimated revenue impacts, indicating legislative activity in its core sector."

Capitol Hill AlliesChampions & critics

Congressional champions

Congressional critics

  • No specific congressional critics identified.
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Frequently AskedAbout THC & political exposure

Does Tenet Healthcare Corporation (THC) hold federal contracts?
No direct prime contracts reported in USASpending.gov for Tenet Healthcare Corporation. Companies in the semiconductor and AI hardware sectors often sell to the federal government via prime contractors and cloud resellers (Microsoft Azure, AWS, Lockheed Martin systems integration) rather than as direct primes.
Which Trump cabinet officials own THC stock?
1 Trump cabinet members or senior White House staff have disclosed holdings in THC on their OGE 278 financial disclosures, including Donald J. Trump. See the Cabinet Conflicts panel for details.
Has Congress traded THC stock?
12 congressional trades by 3 unique members of Congress, most recently on 2026-02-11. See the Congressional Trading panel for politician-by-politician breakdown.
What is THC political risk profile?
Government dependence: 85/100. Lobbying intensity: 0/100. Political signal: neutral. Donor party split: R 0% / D 0%.
How does GovGreed track THC political activity?
GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. THC data is updated daily from these official federal sources.