8 KNOTS MANAGEMENT, LLC
CIK
1849457
Location
DALLAS, TX
Portfolio Value
Small
$868,105,403
Diversification
Moderately concentrated
Filing Date
Global Rank
#1,964
/ 8,662
▼ 79
· as of Dec 2025
Top Industry
Healthcare Plans
74.8%
3Y Alpha vs SPY
+4.4%
Period ended 6 months ago
Filed Feb 17, 2026 · 5mo
9 quarters · since Dec 2023
Clone Performance
Feb 2024–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+67.6%
SPY
+53.6%
Annualised alpha
+4.4%
Max drawdown
−32.7%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
12 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
22.9%
+1.8 pts
Top 5
80.3%
+25.3 pts
Top 10
98.7%
+14.9 pts
HHI
1,632
Moderately concentrated+676
Portfolio Trend
9 quarters · across all stocks
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 CSVAdded To
Positions the filer increased
3 positions
Trimmed
Positions the filer reduced
5 positions
| 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
10 positions
| 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. | ||||
12 positions ·
$868,105,403 total
· as of Dec 31, 2025
| 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% | |
| EHAB |
Enhabit, Inc.
Healthcare
|
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% |