Pavadi Capital 13F annual report
Pavadi Capital is an investment fund managing more than $85.7 billion ran by Jeffrey Edelman. There are currently 15 companies in Mr. Edelman’s portfolio. The largest investments include Tenet Healthcare and Amn Healthcare Svcs Inc, together worth $15.4 billion.
$85.7 billion Assets Under Management (AUM)
As of 7th August 2023, Pavadi Capital’s top holding is 103,280 shares of Tenet Healthcare currently worth over $8.4 billion and making up 9.8% of the portfolio value.
Relative to the number of outstanding shares of Tenet Healthcare, Pavadi Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 64,395 shares of Amn Healthcare Svcs Inc worth $7.03 billion.
The third-largest holding is Molina Healthcare Inc worth $6.54 billion and the next is Patterson Cos Inc worth $6.47 billion, with 194,384 shares owned.
Currently, Pavadi Capital's portfolio is worth at least $85.7 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pavadi Capital
The Pavadi Capital office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jeffrey Edelman serves as the Chief Compliance Officer / Managing Member at Pavadi Capital.
Recent trades
In the most recent 13F filing, Pavadi Capital revealed that it had opened a new position in
Amn Healthcare Svcs Inc and bought 64,395 shares worth $7.03 billion.
The investment fund also strengthened its position in Tenet Healthcare by buying
1,553 additional shares.
This makes their stake in Tenet Healthcare total 103,280 shares worth $8.4 billion.
Tenet Healthcare dropped approximately 0.1% in the past year.
On the other hand, there are companies that Pavadi Capital is getting rid of from its portfolio.
Pavadi Capital closed its position in Quest Diagnostics on 14th August 2023.
It sold the previously owned 41,899 shares for $6.55 billion.
Jeffrey Edelman also disclosed a decreased stake in Molina Healthcare Inc by 0.2%.
This leaves the value of the investment at $6.54 billion and 21,723 shares.
One of the smallest hedge funds
The two most similar investment funds to Pavadi Capital are Capstone Wealth Management Group and Seven Mile Advisory. They manage $85.6 billion and $85.8 billion respectively.
Jeffrey Edelman investment strategy
Pavadi Capital’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Health Care — making up 72.0% of
the total portfolio value.
The fund focuses on investments in the United States as
80.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
53% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $74.8 billion.
The complete list of Pavadi Capital trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Tenet Healthcare Corp. |
1.53%
103,280
|
$8,404,926,000 | 9.81% |
| Amn Healthcare Svcs Inc |
Opened
64,395
|
$7,026,782,000 | 8.20% |
| Quest Diagnostics, Inc. |
Closed
41,899
|
$6,554,680,000 | |
| Molina Healthcare Inc |
23.37%
21,723
|
$6,543,837,000 | 7.63% |
| Patterson Cos Inc |
10.18%
194,384
|
$6,465,212,000 | 7.54% |
| Baxter International Inc. |
Opened
140,613
|
$6,406,328,000 | 7.47% |
| Hologic, Inc. |
Closed
82,117
|
$6,143,173,000 | |
| Cardinal Health, Inc. |
Closed
79,028
|
$6,074,882,000 | |
| Humana Inc. |
20.84%
13,330
|
$5,960,243,000 | 6.95% |
| Avantor, Inc. |
35.51%
285,624
|
$5,866,717,000 | 6.84% |
| Medtronic Plc |
Closed
75,273
|
$5,850,218,000 | |
| QuidelOrtho Corporation |
Opened
68,864
|
$5,706,071,000 | 6.66% |
| Lantheus Holdings Inc |
17.33%
67,384
|
$5,654,865,000 | 6.60% |
| Cigna Group (The) |
Closed
16,414
|
$5,438,615,000 | |
| Laboratory Corp Amer Hldgs |
Closed
22,297
|
$5,250,498,000 | |
| Envista Holdings Corp |
Opened
151,245
|
$5,118,131,000 | 5.97% |
| Centene Corp. |
29.89%
71,801
|
$4,842,977,000 | 5.65% |
| HCA Healthcare Inc |
44.28%
15,378
|
$4,666,915,000 | 5.44% |
| Integra Lifesciences Hldgs C |
3.03%
111,955
|
$4,604,709,000 | 5.37% |
| Elevance Health Inc |
Closed
8,834
|
$4,531,577,000 | |
| CVS Health Corp |
2.41%
62,918
|
$4,349,521,000 | 5.07% |
| Unitedhealth Group Inc |
5.26%
8,535
|
$4,102,262,000 | 4.79% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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