8 Knots Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), 8 Knots Management, LLC reported 18 stock positions worth $793.1 million. Its top holding was Centene (CNC) at 23.4% of the portfolio, followed by Unitedhealth (UNH, 11.2%) and Alignment Healthcare (ALHC, 11.1%). Compared with Q4 2024, it opened 3 new positions, sold out of 2, added to 8 and reduced 6. The biggest buy was Centene (CNC, shares +53%) and the biggest sale Humana (HUM, shares −90%).
- Most Recent 13F
- Q4 2025
- Location
- DALLAS, TX
- CIK
- 0001849457
- Portfolio Value
- $793.1M (Q1 2025)
- SEC Filing
- 0001849457-25-000002 ↗ filed May 15, 2025
Holdings Value
Holdings 18 stocks · $793.1M
| CNC Centene Corp. | 23.35% | 3,050,904 | $185.2M | Add +52.5% |
| UNH Unitedhealth Group Inc. | 11.16% | 168,923 | $88.5M | Reduce -42.2% |
| ALHC Alignment Healthcare Inc. | 11.07% | 4,715,472 | $87.8M | Add +28.9% |
| PNTG The Pennant Group Inc. | 9.56% | 3,014,023 | $75.8M | Add +23.9% |
| EHAB Enhabit Inc. | 5.53% | 4,988,718 | $43.9M | Add +12.6% |
| CON Concentra Group Holdings Par | 5.29% | 1,932,890 | $41.9M | Add +10.6% |
| CVS CVS Health Corp. | 5.27% | 617,120 | $41.8M | Add +27.3% |
| ACHC Acadia Healthcare Co. Inc. | 5.00% | 1,309,180 | $39.7M | Add +99.3% |
| CAH Cardinal Health Inc. | 4.62% | 266,126 | $36.7M | Reduce -49.6% |
| MCK McKesson Corp. | 4.03% | 47,446 | $31.9M | Reduce -52.1% |
| DVA Davita Inc. | 3.73% | 193,542 | $29.6M | Reduce -71.6% |
| BTSG Brightspring Health Services | 3.35% | 1,469,341 | $26.6M | Reduce -68.3% |
| DGX Quest Diagnostics Inc. | 2.64% | 123,555 | $20.9M | New |
| EHTH Ehealth Inc. | 2.08% | 2,463,962 | $16.5M | Add +2.8% |
| HUM Humana Inc. | 1.91% | 57,278 | $15.2M | Reduce -90.0% |
| GDRX Goodrx Holdings Inc. Class A | 1.02% | 1,838,011 | $8.1M | New |
| CLOV Clover Health Investments Co. | 0.37% | 817,905 | $2.9M | New |
| MODVQ Modivcare Inc. | 0.02% | 134,833 | $177K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| HUM Humana Inc. | Reduce -90.0% | 1.91% | −12.62 |
| DVA Davita Inc. | Reduce -71.6% | 3.73% | −6.46 |
| BTSG Brightspring Health Services | Reduce -68.3% | 3.35% | −4.56 |
| UNH Unitedhealth Group Inc. | Reduce -42.2% | 11.16% | −3.64 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −3.13 |
| CAH Cardinal Health Inc. | Reduce -49.6% | 4.62% | −1.63 |
| MCK McKesson Corp. | Reduce -52.1% | 4.03% | −1.63 |
| SEM Select Medical Holdings Corp. | Sold out | 0.00% | −0.73 |
Portfolio Buys Q4 2024 → Q1 2025
| CNC Centene Corp. | Add +52.5% | 23.35% | +11.23 |
| ALHC Alignment Healthcare Inc. | Add +28.9% | 11.07% | +6.95 |
| PNTG The Pennant Group Inc. | Add +23.9% | 9.56% | +3.10 |
| CVS CVS Health Corp. | Add +27.3% | 5.27% | +3.09 |
| DGX Quest Diagnostics Inc. | New | 2.64% | +2.64 |
| ACHC Acadia Healthcare Co. Inc. | Add +99.3% | 5.00% | +2.40 |
| EHAB Enhabit Inc. | Add +12.6% | 5.53% | +2.07 |
| CON Concentra Group Holdings Par | Add +10.6% | 5.29% | +1.83 |
| GDRX Goodrx Holdings Inc. Class A | New | 1.02% | +1.02 |
| CLOV Clover Health Investments Co. | New | 0.37% | +0.37 |
| EHTH Ehealth Inc. | Add +2.8% | 2.08% | −0.18 |
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 |