Lone Pine Capital’s Bausch Health BHC Stock Holding History

Lone Pine Capital’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
2016 Q1	–	Sell	-5,829,079	Closed	-$593M	–	44
2015 Q4	$593M	Sell	5,829,079 -1,632,701	-22%	-$183M	2.53%	17
2015 Q3	$1.33B	Buy	7,461,780 +2,151,637	+41%	+$502M	5.42%	1
2015 Q2	$1.18B	Sell	5,310,143 -259,317	-5%	-$57.5M	4.41%	5
2015 Q1	$1.11B	Sell	5,569,460 -2,681,426	-32%	-$476M	4.19%	5
2014 Q4	$1.18B	Sell	8,250,886 -2,735,054	-25%	-$368M	4.95%	4
2014 Q3	$1.44B	Buy	10,985,940 +896,490	+9%	+$107M	5.63%	2
2014 Q2	$1.27B	Buy	10,089,450 +1,272,748	+14%	+$162M	5.14%	3
2014 Q1	$1.16B	Buy	8,816,702 +1,060,217	+14%	+$145M	5.05%	3
2013 Q4	$911M	Sell	7,756,485 -25,222	-0.3%	-$2.76M	3.92%	6
2013 Q3	$812M	Sell	7,781,707 -230,800	-3%	-$22.5M	3.63%	8
2013 Q2	$690M	Buy	+8,012,507	New	+$631M	3.36%	6

Other funds holding BHC

RCG

Ruane, Cunniff & Goldfarb New York $6.03B AUM 12.06% 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

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

Toronto Dominion Bank Toronto, Ontario, Ontario, Canada $69.7B AUM 40.86% 1-Year Est. Return

JSP

Jackson Square Partners Larkspur, California $247M AUM 20.29% 1-Year Est. Return

DSA

Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

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

Lone Pine Capital's BHC Position: Q1 2016 in Review

Lone Pine Capital sold out of Bausch Health (BHC) in Q1 2016, closing a stake of 5,829,079 shares — an estimated $593M sold.

Lone Pine Capital first reported a position in BHC in Q2 2013 and held it in 11 quarters. The position peaked at $1.44B in Q3 2014. 389 funds tracked by Wall St. Rank hold BHC as of Q1 2016.

Lone Pine Capital reported no remaining Bausch Health position as of Q1 2016 after selling out during the quarter.
Lone Pine Capital sold 5,829,079 Bausch Health shares in Q1 2016, an estimated $593M.
Lone Pine Capital first reported a position in Bausch Health in Q2 2013 and held it in 11 quarters.
Lone Pine Capital's Bausch Health position peaked at $1.44B in Q3 2014.
389 funds tracked by Wall St. Rank held Bausch Health as of Q1 2016.

Based on Lone Pine Capital's 13F filing for Q1 2016, filed 16 May 2016.