8 KNOTS MANAGEMENT, LLC

Q4 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
12
Total value ($000)
$868,105
Net value change ($000)
-16,021 (-1.8%)
New positions
3
Sold out positions
10
Turnover %
64.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MOH 198,942 NEW
ELV 121,837 211.9%
CAH 28,522 NEW
BTSG 26,917 52.5%
PACS 23,421 NEW
EHAB 13,088 38.7%
CNC 7,000 3.8%
EHTH 676 6.7%
Top Reduces (Value $000, Stocks/ETFs)
UNH -94,965 -100.0%
LH -58,807 -100.0%
DGX -52,475 -100.0%
CVS -47,711 -53.9%
PNTG -43,677 -99.4%
THC -29,882 -100.0%
HCSG -26,077 -46.1%
HCA -22,862 -100.0%
EVH -14,958 -100.0%
MCK -13,594 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type