Eminence Capital Adds Tenet and Synopsys, Increases Holdings in SentinelOne and UNH in Q3 Adjustments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
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Source: SeekingAlpha
New Investments: Eminence Capital, led by Ricky Sandler, acquired new stakes in Tenet Healthcare (THC) and Synopsys (SNPS) during Q3 2025, along with additional investments in MongoDB (MDB) and Norwegian Cruise Line (NCLH).
Position Reductions: The fund reduced its holdings in SentinelOne (S) by nearly 70% and cut its position in UnitedHealth (UNH) by 31%, while also exiting investments in Amcor (AMCR), Freshworks (FRSH), and Sensient Technologies (SXT).
Increased Holdings: Eminence Capital significantly increased its stake in Jefferies Financial (JEF) to 3.4 million shares and raised its position in Coupang (CPNG) by 38% to 9.4 million class A shares.
Fund Overview: Founded in 1999, Eminence Capital manages approximately $7.8 billion in assets, with Ricky Sandler serving as the chief investment officer.
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Analyst Views on THC
Wall Street analysts forecast THC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for THC is 241.36 USD with a low forecast of 224.00 USD and a high forecast of 260.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 189.490
Low
224.00
Averages
241.36
High
260.00
Current: 189.490
Low
224.00
Averages
241.36
High
260.00
About THC
Tenet Healthcare Corporation is a diversified healthcare services company. The Company's segments include Hospital Operations and Services (Hospital Operations) and Ambulatory Care. The Hospital Operations segment is comprised of its acute care and specialty hospitals, a network of employed physicians and ancillary outpatient facilities. The Company's subsidiaries operate approximately 49 hospitals serving primarily urban and suburban communities in eight states. The Hospital Operations segment also includes around 135 outpatient facilities, including urgent care centers, imaging centers, off-campus hospital emergency departments and micro hospitals. It also provides revenue cycle management and value based care services. The Ambulatory Care segment, through its USPI Holding Company, Inc. subsidiary, holds ownership interests in approximately 518 ambulatory surgery centers, and 25 surgical hospitals in 37 states. The Company operates a Global Business Center in the Philippines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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