Billionaire Steven Cohen‘s Point72 Asset Management has filed a 13G with the Securities and Exchange Commission, in which it reported its position in Adeptus Health Inc (NYSE:ADPT). The filing showed that Point72 owns 721,066 shares of Adeptus, which represent 5.1% of the company’s outstanding stock. It’s interesting to point out that Point72 held shares of Adeptus last year, but unloaded the entire stake of 41,000 shares during the last three months of 2015.
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Overall, at the end of the fourth quarter, a total of 22 of the hedge funds tracked by Insider Monkey were long this stock, down by five funds from the third quarter. Among them, James E. Flynn’s Deerfield Management has the biggest position in Adeptus Health Inc (NYSE:ADPT), worth close to $71.3 million, corresponding to 2.9% of its total 13F portfolio. Sitting at the No. 2 spot is Dinakar Singh’s TPG-AXON Management LP, with a $29.9 million position; 2.5% of its 13F portfolio is allocated to the stock. Remaining hedge funds and institutional investors with similar optimism consist of Columbus Circle Investors, Ken Griffin’s Citadel Investment Group and Gilchrist Berg’s Water Street Capital.
On the other hand, Kris Jenner, Gordon Bussard, Graham McPhail’s Rock Springs Capital Management dropped the biggest position in Adeptus Health Inc (NYSE:ADPT) of the 800 funds followed by Insider Monkey, comprising close to $14.4 million in stock, and Brad Farber’s Atika Capital was right behind this move, as the fund said goodbye to about $10.7 million worth of shares.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Point72 Asset Management, L.P. | 0 | 158,500 | 0 | 158,500 | 158,500 | 1.1% |
| Point72 Capital Advisors, Inc. | 0 | 158,500 | 0 | 158,500 | 158,500 | 1.1% |
| Cubist Systematic Strategies | 0 | 2,566 | 0 | 2,566 | 2,566 | Less than 0.1% |
| EverPoint Asset Management | 0 | 560,000 | 0 | 560,000 | 560,000 | 3.9% |
| Steven A. Cohen | 0 | 721,066 | 0 | 721,066 | 721,066 | 5.1% |
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Page 1 of 11 – SEC Filing
(Amendment No. )*
ADEPTUS HEALTH INC.
Class A Common Stock, Par Value $0.01 Per Share
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Rule 13d-1(b)
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Rule 13d-1(c)
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Rule 13d-1(d)
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