Churchill Management’s Bausch Health BHC Stock Holding History

Churchill Management’s Portfolio BHC Stock Details BHC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-305,550	Closed	-$67.9M	–	133
2015 Q2	$67.9M	Sell	305,550 -31,523	-9%	-$6.99M	2.42%	14
2015 Q1	$66.9M	Sell	337,073 -111,926	-25%	-$19.9M	2.3%	14
2014 Q4	$64.3M	Buy	+448,999	New	+$60.4M	2.55%	14
2014 Q2	–	Sell	-30,006	Closed	-$3.96M	–	184
2014 Q1	$3.96M	Buy	30,006 +7,353	+32%	+$1.01M	0.16%	67
2013 Q4	$2.66M	Buy	22,653 +3,221	+17%	+$353K	0.1%	78
2013 Q3	$2.03M	Buy	19,432 +1,926	+11%	+$188K	0.1%	64
2013 Q2	$1.51M	Buy	+17,506	New	+$1.38M	0.07%	71

Other funds holding BHC

RCG

Ruane, Cunniff & Goldfarb New York $6.03B AUM 12.06% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

ValueAct Holdings San Francisco, California $5.71B AUM 7.41% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Paulson & Co New York $3.11B AUM 94.93% 1-Year Est. Return

Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts $39.1B AUM 28.69% 1-Year Est. Return

LPC

Lone Pine Capital Greenwich, Connecticut $12.5B AUM 54.4% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Churchill Management's BHC Position: Q3 2015 in Review

Churchill Management sold out of Bausch Health (BHC) in Q3 2015, closing a stake of 305,550 shares — an estimated $67.9M sold.

Churchill Management first reported a position in BHC in Q2 2013 and held it in 7 quarters. The position peaked at $67.9M in Q2 2015. 546 funds tracked by Wall St. Rank hold BHC as of Q3 2015.

Churchill Management reported no remaining Bausch Health position as of Q3 2015 after selling out during the quarter.
Churchill Management sold 305,550 Bausch Health shares in Q3 2015, an estimated $67.9M.
Churchill Management first reported a position in Bausch Health in Q2 2013 and held it in 7 quarters.
Churchill Management's Bausch Health position peaked at $67.9M in Q2 2015.
546 funds tracked by Wall St. Rank held Bausch Health as of Q3 2015.

Based on Churchill Management's 13F filing for Q3 2015, filed 15 Oct 2015.