8 Knots Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), 8 Knots Management, LLC reported 12 stock positions worth $868.1 million. Its top holding was Molina Healthcare (MOH) at 22.9% of the portfolio, followed by Centene (CNC, 22.3%) and Elevance Health (ELV, 20.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 10, added to 3 and reduced 5. The biggest buy was a new position in Molina Healthcare (MOH) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q4 2025
- Location
- DALLAS, TX
- CIK
- 0001849457
- Portfolio Value
- $868.1M (Q4 2025)
- SEC Filing
- 0002080880-26-000008 ↗ filed Feb 13, 2026
Holdings Value
Holdings 12 stocks · $868.1M
| MOH Molina Healthcare Inc. | 22.92% | 1,146,378 | $198.9M | New |
| CNC Centene Corp. | 22.31% | 4,706,250 | $193.7M | Reduce -10.0% |
| ELV Elevance Health Inc. | 20.66% | 511,585 | $179.3M | Add +187.5% |
| BTSG Brightspring Health Services | 9.00% | 2,087,076 | $78.2M | Add +20.4% |
| EHAB Enhabit Inc. | 5.40% | 5,084,714 | $46.9M | Add +20.5% |
| CVS CVS Health Corp. | 4.71% | 514,834 | $40.9M | Reduce -56.2% |
| ALHC Alignment Healthcare Inc. | 4.25% | 1,868,367 | $36.9M | Reduce -35.4% |
| HCSG Healthcare Services Group | 3.51% | 1,592,565 | $30.4M | Reduce -52.6% |
| CAH Cardinal Health Inc. | 3.29% | 138,795 | $28.5M | New |
| PACS Pacs Group Inc. | 2.70% | 610,070 | $23.4M | New |
| EHTH Ehealth Inc. | 1.24% | 2,332,017 | $10.7M | No change |
| PNTG The Pennant Group Inc. | 0.03% | 8,705 | $245K | Reduce -99.5% |
Portfolio Sells Q3 2025 → Q4 2025
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −10.74 |
| LH Labcorp Holdings Inc. | Sold out | 0.00% | −6.65 |
| DGX Quest Diagnostics Inc. | Sold out | 0.00% | −5.94 |
| CVS CVS Health Corp. | Reduce -56.2% | 4.71% | −5.31 |
| PNTG The Pennant Group Inc. | Reduce -99.5% | 0.03% | −4.94 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −3.38 |
| HCSG Healthcare Services Group | Reduce -52.6% | 3.51% | −2.89 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −2.59 |
| EVH Evolent Health Inc. Class A | Sold out | 0.00% | −1.69 |
| MCK McKesson Corp. | Sold out | 0.00% | −1.54 |
| ALHC Alignment Healthcare Inc. | Reduce -35.4% | 4.25% | −1.46 |
| SCI Service Corp. International | Sold out | 0.00% | −0.79 |
| ADUS Addus Homecare Corp. | Sold out | 0.00% | −0.69 |
| SGRY Surgery Partners Inc. | Sold out | 0.00% | −0.54 |
| CNC Centene Corp. | Reduce -10.0% | 22.31% | +1.20 |
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 12 | $868.1M | MOH, CNC, ELV, BTSG, EHAB |
| Q3 2025 | 19 | $884.1M | CNC, UNH, CVS, LH, ELV |
| Q2 2025 | 16 | $697.8M | HUM, PNTG, EHC, ALHC, CAH |
| Q1 2025 | 18 | $793.1M | CNC, UNH, ALHC, PNTG, EHAB |
| Q4 2024 | 17 | $999.4M | UNH, HUM, CNC, DVA, BTSG |
| Q3 2024 | 17 | $846.6M | CNC, DVA, MOH, PNTG, BTSG |
| Q2 2024 | 18 | $1.0B | DVA, THC, BTSG, UHS, EHC |
| Q1 2024Amended | 18 | $1.0B | DVA, THC, BTSG, UHS, EHC |