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Bausch Health

347 hedge funds and large institutions have $4.5B invested in Bausch Health in 2016 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 127 increasing their positions, 107 reducing their positions, and 94 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 107

11% less funds holding

Funds holding: 389347 (-42)

14.43% less ownership

Funds ownership: 79.5%65.07% (-14%)

15% less funds holding in top 10

Funds holding in top 10: 2723 (-4)

20% less call options, than puts

Call options by funds: $814M | Put options by funds: $1.02B

37% less capital invested

Capital invested by funds: $7.19B → $4.5B (-$2.69B)

40% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 94

Holders
347
Holders Change
-42
Holders Change %
-10.8%
% of All Funds
9.26%
Holding in Top 10
23
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-14.81%
% of All Funds
0.61%
New
56
Increased
127
Reduced
107
Closed
94
Calls
$814M
Puts
$1.02B
Net Calls
-$202M
Net Calls Change
+$6.49M
Name Holding Trade Value Shares
Change
Change in
Stake
MVP
26
Miller Value Partners
Florida
$40.4M +$12M +425,350 +27%
D.E. Shaw & Co
27
D.E. Shaw & Co
New York
$38.8M +$15.3M +538,700 +39%
HT
28
HAP Trading
New York
$38.1M +$39.4M +1,391,455 +278%
Connor, Clark & Lunn Investment Management (CC&L)
29
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$37.8M +$8.89M +313,805 +20%
Swiss National Bank
30
Swiss National Bank
Switzerland
$36.8M +$1.78M +62,800 +4%
H
31
Hexavest
Quebec, Canada
$36.1M +$46.8M +1,652,490 +1,178%
Morgan Stanley
32
Morgan Stanley
New York
$35.2M -$8.13M -287,305 -14%
CCM
33
Camber Capital Management
Massachusetts
$33.4M -$9.74M -344,000 -17%
TD Asset Management
34
TD Asset Management
Ontario, Canada
$30.9M -$1.49M -52,798 -3%
T. Rowe Price Associates
35
T. Rowe Price Associates
Maryland
$29.8M -$18.8M -665,647 -31%
CAM
36
Chou Associates Management
Ontario, Canada
$29.1M +$13.3M +470,000 +48%
Citadel Advisors
37
Citadel Advisors
Florida
$28.8M +$15.2M +537,768 +60%
Legal & General Group
38
Legal & General Group
United Kingdom
$24.7M +$645K +22,793 +2%
SI
39
Standard Investments
New York
$21.4M +$4.05M +142,900 +16%
CS
40
Credit Suisse
Switzerland
$19.6M +$9.15M +322,987 +50%
LCM
41
Laurion Capital Management
New York
$18.5M +$807K +28,500 +3%
Wells Fargo
42
Wells Fargo
California
$17.7M +$12.9M +454,360 +107%
Mackenzie Financial
43
Mackenzie Financial
Ontario, Canada
$17.6M +$10.2M +361,754 +71%
O
44
OppenheimerFunds
New York
$17M +$23.9M +843,052 New
Bank of Nova Scotia
45
Bank of Nova Scotia
Ontario, Canada
$16.5M +$6.32M +223,326 +37%
QIM
46
Quantitative Investment Management
Virginia
$16.2M -$5.05M -178,200 -18%
1832 Asset Management
47
1832 Asset Management
Ontario, Canada
$16.1M -$805K -28,447 -3%
Manulife (Manufacturers Life Insurance)
48
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$15.5M -$2.42M -85,619 -10%
JP Morgan Chase
49
JP Morgan Chase
New York
$15.4M -$3.43M -121,186 -14%
APG Asset Management
50
APG Asset Management
Netherlands
$15.3M +$2.35M +83,100 +17%

BHC Hedge Fund Activity: Q2 2016 in Review

347 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Bausch Health (BHC) for Q2 2016, worth a combined $4.5B — down 37% from $7.19B a quarter earlier.

Sellers outnumbered buyers: 94 funds closed out of BHC and 56 opened new positions — a net loss of 38 holders — while 107 trimmed existing stakes and 127 added.

The largest buyer was Fidelity Investments, adding an estimated $286M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $846M.

  • 347 institutional investors held Bausch Health (BHC) as of Q2 2016, down from 389 in Q1 2016.
  • Funds reported $4.5B of Bausch Health stock for Q2 2016, down 37% quarter-over-quarter.
  • 56 funds opened new Bausch Health positions in Q2 2016 and 94 closed out, a net change of -38 holders.
  • The largest Bausch Health buyer in Q2 2016 was Fidelity Investments, an estimated $286M added.
  • The largest Bausch Health seller in Q2 2016 was Ruane, Cunniff & Goldfarb, an estimated $846M sold.

Based on aggregated 13F filings for Q2 2016.