8 KNOTS MANAGEMENT, LLC
AdviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Schedule 13D/13G stakes
Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.
No stake currently held at or above 5%.
A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 3 exited, below-5% or retired stakes
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2025, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2025-12-31, active share 99.6%; sector active share 89.2% against the combined 13F book's sector weights.
Over time 9 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
12 tracked positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Portfolio Trend
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 98.8% | $857,378,125 |
| Financial Services | 1.2% | $10,727,278 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| HCSG | Healthcare Services Group Inc | −1,766,116 | 1,592,565 | $30,449,842 | |
| PNTG | Pennant Group, Inc. | −1,732,850 | 8,705 | $245,045 | |
| ALHC | Alignment Healthcare, Inc. | −1,024,726 | 1,868,367 | $36,900,248 | |
| CVS | CVS HEALTH Corp | −659,963 | 514,834 | $40,857,226 | |
| CNC | Centene Corp | −525,300 | 4,706,250 | $193,662,187 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| UNH | Unitedhealth Group Inc | 275,022 | $94,965,096 | |
| LH | Labcorp Holdings Inc. | 204,859 | $58,806,824 | |
| DGX | Quest Diagnostics Inc | 275,344 | $52,475,059 | |
| THC | Tenet Healthcare Corp | 147,172 | $29,881,802 | |
| HCA | HCA Healthcare, Inc. | 53,641 | $22,861,794 | |
| EVH | Evolent Health, Inc. | 1,768,113 | $14,958,235 | |
| MCK | Mckesson Corp | 17,596 | $13,593,613 | |
| SCI | Service Corp International | 84,062 | $6,995,639 | |
| ADUS | Addus HomeCare Corp | 51,491 | $6,075,423 | |
| SGRY | Surgery Partners, Inc. | 220,088 | $4,762,704 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MOH |
Molina Healthcare, Inc.
Healthcare
|
NEW | 1,146,378 | $198,942,438 | 22.92% | |
| CNC |
Centene Corp
Healthcare
|
Reduced | 4,706,250 | $193,662,187 | 22.31% | |
| ELV |
Elevance Health, Inc.
Healthcare
|
Added | 511,585 | $179,336,121 | 20.66% | |
| BTSG |
BrightSpring Health Services, Inc.
Healthcare
|
Added | 2,087,076 | $78,160,996 | 9.00% | |
|
|
Added | 5,084,714 | $46,881,063 | 5.40% | ||
| CVS |
CVS HEALTH Corp
Healthcare
|
Reduced | 514,834 | $40,857,226 | 4.71% | |
| ALHC |
Alignment Healthcare, Inc.
Healthcare
|
Reduced | 1,868,367 | $36,900,248 | 4.25% | |
| HCSG |
Healthcare Services Group Inc
Healthcare
|
Reduced | 1,592,565 | $30,449,842 | 3.51% | |
| CAH |
Cardinal Health Inc
Healthcare
|
NEW | 138,795 | $28,522,372 | 3.29% | |
| PACS |
PACS Group, Inc.
Healthcare
|
NEW | 610,070 | $23,420,587 | 2.70% | |
| EHTH |
eHealth, Inc.
Financial Services
|
Held | 2,332,017 | $10,727,278 | 1.24% | |
| PNTG |
Pennant Group, Inc.
Healthcare
|
Reduced | 8,705 | $245,045 | 0.03% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.