Larry Robbins (Trades, Portfolio), founder, portfolio manager and CEO of hedge fund Glenview Capital Management, raised his stake in Tenet Healthcare Corp. (NYSE:THC) Wednesday by more than 11% with the purchase of 1,697,917 shares for an average price of $36.30 per share. The purchase had a 0.24% impact on Robbins’ portfolio.
Tenet has been in Robbins’ portfolio since the first quarter of 2012. Until the second quarter, however, Robbins had not added to his stake since 2013. After the transaction, his stake totaled 16,490,230 shares. Continue Reading »