8 Knots Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), 8 Knots Management, LLC reported 19 stock positions worth $884.1 million. Its top holding was Centene (CNC) at 21.1% of the portfolio, followed by Unitedhealth (UNH, 10.7%) and CVS Health (CVS, 10.0%). Compared with Q2 2025, it opened 11 new positions, sold out of 8, added to 3 and reduced 4. The biggest buy was a new position in Centene (CNC) and the biggest sale an exit from Humana (HUM).
- Most Recent 13F
- Q4 2025
- Location
- DALLAS, TX
- CIK
- 0001849457
- Portfolio Value
- $884.1M (Q3 2025)
- SEC Filing
- 0002080880-25-000009 ↗ filed Nov 14, 2025
Holdings Value
Holdings 19 stocks · $884.1M
| CNC Centene Corp. | 21.11% | 5,231,550 | $186.7M | New |
| UNH Unitedhealth Group Inc. | 10.74% | 275,022 | $95.0M | New |
| CVS CVS Health Corp. | 10.02% | 1,174,797 | $88.6M | New |
| LH Labcorp Holdings Inc. | 6.65% | 204,859 | $58.8M | Add +96.6% |
| ELV Elevance Health Inc. | 6.50% | 177,950 | $57.5M | New |
| HCSG Healthcare Services Group | 6.39% | 3,358,681 | $56.5M | New |
| DGX Quest Diagnostics Inc. | 5.94% | 275,344 | $52.5M | Add +56.0% |
| BTSG Brightspring Health Services | 5.80% | 1,733,548 | $51.2M | New |
| ALHC Alignment Healthcare Inc. | 5.71% | 2,893,093 | $50.5M | Reduce -42.3% |
| PNTG The Pennant Group Inc. | 4.97% | 1,741,555 | $43.9M | Reduce -34.4% |
| EHAB Enhabit Inc. | 3.82% | 4,218,846 | $33.8M | Add +9.5% |
| THC Tenet Healthcare Corp. | 3.38% | 147,172 | $29.9M | Reduce -46.6% |
| HCA HCA Healthcare Inc. | 2.59% | 53,641 | $22.9M | New |
| EVH Evolent Health Inc. Class A | 1.69% | 1,768,113 | $15.0M | Reduce -39.3% |
| MCK McKesson Corp. | 1.54% | 17,596 | $13.6M | New |
| EHTH Ehealth Inc. | 1.14% | 2,332,017 | $10.1M | No change |
| SCI Service Corp. International | 0.79% | 84,062 | $7.0M | New |
| ADUS Addus Homecare Corp. | 0.69% | 51,491 | $6.1M | New |
| SGRY Surgery Partners Inc. | 0.54% | 220,088 | $4.8M | New |
Portfolio Sells Q2 2025 → Q3 2025
| HUM Humana Inc. | Sold out | 0.00% | −15.47 |
| EHC Encompass Health Corp. | Sold out | 0.00% | −11.27 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −7.20 |
| PNTG The Pennant Group Inc. | Reduce -34.4% | 4.97% | −6.38 |
| PREMIER INC-CLASS A | Sold out | 0.00% | −5.32 |
| ALHC Alignment Healthcare Inc. | Reduce -42.3% | 5.71% | −4.35 |
| SEM Select Medical Holdings Corp. | Sold out | 0.00% | −3.81 |
| CI The Cigna Group | Sold out | 0.00% | −3.77 |
| THC Tenet Healthcare Corp. | Reduce -46.6% | 3.38% | −3.57 |
| EVH Evolent Health Inc. Class A | Reduce -39.3% | 1.69% | −3.01 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −2.75 |
| RDNT Radnet Inc. | Sold out | 0.00% | −2.10 |
Portfolio Buys Q2 2025 → Q3 2025
| CNC Centene Corp. | New | 21.11% | +21.11 |
| UNH Unitedhealth Group Inc. | New | 10.74% | +10.74 |
| CVS CVS Health Corp. | New | 10.02% | +10.02 |
| ELV Elevance Health Inc. | New | 6.50% | +6.50 |
| HCSG Healthcare Services Group | New | 6.39% | +6.39 |
| BTSG Brightspring Health Services | New | 5.80% | +5.80 |
| LH Labcorp Holdings Inc. | Add +96.6% | 6.65% | +2.73 |
| HCA HCA Healthcare Inc. | New | 2.59% | +2.59 |
| MCK McKesson Corp. | New | 1.54% | +1.54 |
| DGX Quest Diagnostics Inc. | Add +56.0% | 5.94% | +1.39 |
| SCI Service Corp. International | New | 0.79% | +0.79 |
| ADUS Addus Homecare Corp. | New | 0.69% | +0.69 |
| SGRY Surgery Partners Inc. | New | 0.54% | +0.54 |
| EHAB Enhabit Inc. | Add +9.5% | 3.82% | −1.50 |
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 |