The popularity of Community Health Systems (NYSE: CYH ) among the hedge funds in our database has also taken a serious hit, as the number of long hedge fund positions dropped from 42 to 33 by the end of June. Together, these funds hold approximately 20% of the company's outstanding stock. While David Tepper's Appaloosa Management was buying Community Health Systems (NYSE:CYH) stock left and right, having amassed 6.27 million shares by the end of June, Jim Simons ' Renaissance Technologies sold out of its holding that had contained 1.03 million shares at the end of the previous quarter. After the spin off of Quorum Health Corp (NYSE:QHC), Community Health Systems still operates 160 hospitals, which are expected to generate $17.8 billion in revenue this year. The company is currently in a transitional period, aiming to reduce its debt burden through asset sales.