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Bausch Health
BHC

389 hedge funds and large institutions have $7.19B invested in Bausch Health in 2016 Q1 according to their latest regulatory filings, with 104 funds opening new positions, 138 increasing their positions, 104 reducing their positions, and 162 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 104

10.03% less ownership

Funds ownership: 89.53% → 79.5% (-10%)

12% less call options, than puts

Call options by funds: $1.47B | Put options by funds: $1.68B

14% less funds holding

Funds holding: 451 → 389 (-62)

36% less first-time investments, than exits

New positions opened: 104 | Existing positions closed: 162

49% less funds holding in top 10

Funds holding in top 10: 53 → 27 (-26)

77% less capital invested

Capital invested by funds: $31B → $7.19B (-$23.8B)

Holders
389
Holders Change
-62
Holders Change %
-13.75%
% of All Funds
10.37%
Holding in Top 10
27
Holding in Top 10 Change
-26
Holding in Top 10 Change %
-49.06%
% of All Funds
0.72%
New
104
Increased
138
Reduced
104
Closed
162
Calls
$1.47B
Puts
$1.68B
Net Calls
-$209M
Net Calls Change
-$948M

Top Buyers

1
Nomura Holdings
Nomura Holdings
Japan
+$378M
2
PSCM
Pershing Square Capital Management
New York
+$370M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$344M
4
PCM
Pentwater Capital Management
Florida
+$297M
5
Bank of America
Bank of America
North Carolina
+$278M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$1.46B
2
BC
Brahman Capital
New York
-$825M
3
Viking Global Investors
Viking Global Investors
Connecticut
-$792M
4
LPC
Lone Pine Capital
Connecticut
-$593M
5
JP Morgan Chase
JP Morgan Chase
New York
-$511M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$69.7M -$88.2M -1,192,240 -31%
SA
27
SQ Advisors
Florida
$68.2M -$7.93M -107,215 -4%
Norges Bank
28
Norges Bank
Norway
$63.4M -$15M -202,881 -8%
Alyeska Investment Group
29
Alyeska Investment Group
Illinois
$57.9M +$163M +2,200,000 New
T. Rowe Price Associates
30
T. Rowe Price Associates
Maryland
$56.5M -$1.46B -19,705,013 -90%
ACM
31
Accipiter Capital Management
Florida
$55.4M +$138M +1,872,000 +799%
Morgan Stanley
32
Morgan Stanley
New York
$53.5M +$95.9M +1,296,311 +176%
BWA
33
Brave Warrior Advisors
New York
$53.5M -$312M -4,218,050 -67%
CM
34
Corvex Management
New York
$52.8M +$149M +2,008,510 New
CCM
35
Camber Capital Management
Massachusetts
$52.6M +$148M +2,000,000 New
Swiss National Bank
36
Swiss National Bank
Switzerland
$44.8M +$24.9M +336,700 +23%
BGIM
37
Brandywine Global Investment Management
Pennsylvania
$44.5M +$61.3M +828,987 +96%
NC
38
Nicholas Company
Wisconsin
$42.9M +$3.41M +46,075 +3%
TD Asset Management
39
TD Asset Management
Ontario, Canada
$41.9M -$26.1M -353,299 -18%
MVP
40
Miller Value Partners
Florida
$41.6M +$117M +1,580,950 New
Connor, Clark & Lunn Investment Management (CC&L)
41
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$41.4M -$89M -1,203,441 -43%
First Eagle Investment Management
42
First Eagle Investment Management
New York
$39.3M -$10.7M -144,800 -9%
1832 Asset Management
43
1832 Asset Management
Ontario, Canada
$37.7M -$65M -879,436 -51%
D.E. Shaw & Co
44
D.E. Shaw & Co
New York
$36.5M +$34.5M +467,125 +51%
Legal & General Group
45
Legal & General Group
United Kingdom
$31.8M +$2.46M +33,247 +3%
IGIM
46
I.G. Investment Management
Manitoba, Canada
$31.1M -$10.7M -144,870 -11%
AIMCA
47
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$29.4M – – –
Deutsche Bank
48
Deutsche Bank
Germany
$26.5M -$108M -1,465,897 -59%
YCMGA
49
York Capital Management Global Advisors
New York
$25.9M +$72.9M +986,456 New
QIM
50
Quantitative Investment Management
Virginia
$25.8M +$72.6M +981,900 New
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BHC Hedge Fund Activity: Q1 2016 in Review

389 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Bausch Health (BHC) for Q1 2016, worth a combined $7.19B — down 77% from $31B a quarter earlier.

Sellers outnumbered buyers: 162 funds closed out of BHC and 104 opened new positions — a net loss of 58 holders — while 104 trimmed existing stakes and 138 added.

The largest buyer was Nomura Holdings, adding an estimated $378M. The largest seller was T. Rowe Price Associates, cutting an estimated $1.46B.

  • 389 institutional investors held Bausch Health (BHC) as of Q1 2016, down from 451 in Q4 2015.
  • Funds reported $7.19B of Bausch Health stock for Q1 2016, down 77% quarter-over-quarter.
  • 104 funds opened new Bausch Health positions in Q1 2016 and 162 closed out, a net change of -58 holders.
  • The largest Bausch Health buyer in Q1 2016 was Nomura Holdings, an estimated $378M added.
  • The largest Bausch Health seller in Q1 2016 was T. Rowe Price Associates, an estimated $1.46B sold.

Based on aggregated 13F filings for Q1 2016.