Aquatic Capital Management Sells Stake in Cardinal Health

Investment firm reduces holdings in healthcare company by over 50%

Mar. 17, 2026 at 7:24am

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Aquatic Capital Management LLC has reduced its position in Cardinal Health, Inc. (NYSE:CAH) by 53.8% in the third quarter, according to a recent SEC filing. The firm now owns 27,218 shares of the company's stock, down from 58,872 shares previously.

Why it matters

This move by Aquatic Capital Management reflects broader trends in the healthcare sector, as investors evaluate the performance and prospects of major pharmaceutical and medical supply companies like Cardinal Health. The sale could signal a shift in Aquatic's investment strategy or outlook on Cardinal Health's future.

The details

According to the filing, Aquatic Capital Management sold 31,654 shares of Cardinal Health during the third quarter. The firm's holdings in the company are now valued at $4,272,000, down from $9,242,000 at the end of the prior quarter. Cardinal Health is a major distributor of pharmaceutical and medical products, serving hospitals, pharmacies, and other healthcare providers.

  • Aquatic Capital Management filed the disclosure with the SEC on March 17, 2026.
  • The share sale occurred during the third quarter of the previous year.

The players

Aquatic Capital Management LLC

An investment management firm that has reduced its stake in Cardinal Health, Inc.

Cardinal Health, Inc.

A major healthcare services and products company that distributes pharmaceutical and medical supplies.

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The takeaway

This transaction highlights the ongoing shifts in the healthcare industry as investors reevaluate their positions in major pharmaceutical and medical supply companies. The reduction in Aquatic Capital Management's stake in Cardinal Health could signal broader concerns or a change in investment strategy for the firm.