Nomura Group Discloses 7.27M Shares of CYH, Filing Shows

Rhea-AI Filing Summary

Nomura Holdings, Inc. and its subsidiary Nomura Global Financial Products, Inc. reported beneficial ownership of 7,271,079 shares of Community Health Systems, Inc. The filing states these shares represent 5.2% of CYH's common stock outstanding based on 140,119,616 shares as of June 30, 2025. All reported shares are held with shared voting and shared dispositive power; neither reporting person claims sole voting or dispositive power. The statement is filed on a Schedule 13G and includes certifications that the holdings are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. Signatures and exhibits (Joint Filing Agreement and Subsidiaries) are included.

Positive

• Disclosure of a material minority stake: 7,271,079 shares (5.2%) reported, improving transparency for investors
• Passive holder certification: Item 10 states holdings are in the ordinary course of business and not for control, clarifying intent
• Clear attribution to subsidiary: Shares attributed to Nomura Global Financial Products, Inc., with parent filing linkage via exhibits

Negative

• None.

Insights

Financial Analyst

TL;DR: A 5.2% passive stake by Nomura group is disclosed, signaling a meaningful minority position without an expressed intent to control.

The filing reports 7,271,079 shares, equivalent to 5.2% of CYH outstanding stock as of June 30, 2025. Holdings are recorded as shared voting and shared dispositive power via Nomura Global Financial Products, Inc., a wholly owned subsidiary of Nomura Holdings. The use of Schedule 13G and the Item 10 certification indicate the position is presented as passive and held in the ordinary course of business rather than to influence control. For investors, this is a material disclosure of concentration but, based on the filing, not an active control attempt.

Corporate Governance Expert

TL;DR: The Schedule 13G filing documents a material minority stake and includes the standard non-control certification.

The report identifies Nomura Holdings and Nomura Global Financial Products, Inc. as reporting persons, with shared voting and dispositive powers over the reported shares. The inclusion of a Joint Filing Agreement (Exhibit A) and Subsidiaries listing (Exhibit B) follows typical disclosure practice when a parent and subsidiary report together. The Item 10 certification explicitly states the shares were not acquired to change or influence control, consistent with a passive investor profile under Rule 13d-1(b)/(c).

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

COMMUNITY HEALTH SYSTEMS INC

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

203668108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 203668108

1

Names of Reporting Persons

NOMURA HOLDINGS INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,271,079.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,271,079.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,271,079.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (1) Shared voting and dispositive power represents 7,271,079 shares of Common Stock beneficially owned by Nomura Global Financial Products, Inc. ("NGFP"). NGFP is a wholly owned subsidiary of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the shares of Common Stock beneficially owned by NGFP. (2) The percent of class is calculated based on 140,119,616 shares of Common Stock outstanding as of June 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2025 filed with the SEC on July 24, 2025.

SCHEDULE 13G

CUSIP No. 203668108

1

Names of Reporting Persons

NOMURA GLOBAL FINANCIAL PRODUCTS INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,271,079.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,271,079.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,271,079.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

BD

Comment for Type of Reporting Person: (3) The percent of class is calculated based on 140,119,616 shares of Common Stock outstanding as of June 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2025 filed with the SEC on July 24, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: COMMUNITY HEALTH SYSTEMS INC
(b)	Address of issuer's principal executive offices: 4000 Meridian Boulevard, Franklin, Tennessee, 37067
Item 2.
(a)	Name of person filing: Nomura Holdings, Inc. Nomura Global Financial Products, Inc.
(b)	Address or principal business office or, if none, residence: Nomura Holdings, Inc.: 13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8645, Japan Nomura Global Financial Products, Inc.: Worldwide Plaza 309 West 49th Street New York, NY 10019
(c)	Citizenship: Nomura Holdings, Inc.: Japan Nomura Global Financial Products, Inc.: Delaware
(d)	Title of class of securities: Common Stock, $0.01 par value per share
(e)	CUSIP No.: 203668108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Items 5-11 of the cover pages are incorporated by reference.
(b)	Percent of class: Items 5-11 of the cover pages are incorporated by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Items 5-11 of the cover pages are incorporated by reference.
	(ii) Shared power to vote or to direct the vote: Items 5-11 of the cover pages are incorporated by reference.
	(iii) Sole power to dispose or to direct the disposition of: Items 5-11 of the cover pages are incorporated by reference.
	(iv) Shared power to dispose or to direct the disposition of: Items 5-11 of the cover pages are incorporated by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit B
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

NOMURA HOLDINGS INC

Signature:	/s/ Samir Patel
Name/Title:	Samir Patel, Managing Director
Date:	08/14/2025

NOMURA GLOBAL FINANCIAL PRODUCTS INC

Signature:	/s/ Samir Patel
Name/Title:	Samir Patel, Authorized Officer
Date:	08/14/2025

Exhibit Information

Exhibit A - Joint Filing Agreement Exhibit B - Subsidiaries

FAQ

How many shares of CYH does Nomura report owning?

The filing reports 7,271,079 shares of Community Health Systems (CYH).

What percentage of CYH does the reported stake represent?

The reported shares represent 5.2% of CYH's common stock based on 140,119,616 shares outstanding as of June 30, 2025.

Which Nomura entities filed the Schedule 13G for CYH?

The Schedule 13G was filed by Nomura Holdings, Inc. and Nomura Global Financial Products, Inc.

Does the filing indicate Nomura intends to influence control of CYH?

No. The Item 10 certification states the securities were acquired and are held in the ordinary course of business and not to change or influence control.

What voting and dispositive power is reported over the CYH shares?

The filing reports 0 sole voting/dispositive power and 7,271,079 shared voting and shared dispositive power.

When were the signatures on the filing executed?

The Schedule 13G was signed on 08/14/2025 by Samir Patel for both reporting entities.