DAVENPORT & Co LLC Reduces Stake in HCA Healthcare

Institutional investor trims position in major hospital operator

Mar. 29, 2026 at 7:43am

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DAVENPORT & Co LLC, an investment management firm, reduced its position in shares of HCA Healthcare, Inc. (NYSE:HCA) by 46.3% in the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund now owns 5,127 shares of the company's stock, down from 9,543 shares previously.

Why it matters

HCA Healthcare is one of the largest for-profit hospital operators in the United States, with a network of acute care hospitals, surgical centers, and outpatient clinics. Institutional investor activity in the company's stock can provide insights into market sentiment and broader trends in the healthcare sector.

The details

According to the 13F filing, DAVENPORT & Co LLC sold 4,416 shares of HCA Healthcare during the fourth quarter, reducing its total position to 5,127 shares valued at approximately $2.39 million. The filing does not disclose the reasons behind the firm's decision to trim its stake in the healthcare company.

  • The 13F filing covers the fourth quarter of 2025, which ended on December 31, 2025.

The players

DAVENPORT & Co LLC

An investment management firm that reduced its position in HCA Healthcare during the fourth quarter of 2025.

HCA Healthcare, Inc.

A for-profit operator of acute care hospitals, surgical centers, and outpatient clinics, headquartered in Nashville, Tennessee.

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The takeaway

The reduction in DAVENPORT & Co LLC's position in HCA Healthcare may signal a shift in the firm's investment strategy or a broader reassessment of the healthcare sector. However, without further context, it's difficult to draw definitive conclusions about the implications of this transaction for the company or the industry as a whole.