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Bausch Health

312 hedge funds and large institutions have $3.83B invested in Bausch Health in 2020 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 92 increasing their positions, 109 reducing their positions, and 72 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.4% more ownership

Funds ownership: 63.38%69.78% (+6.4%)

5% less funds holding

Funds holding: 327312 (-15)

16% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 109

17% less first-time investments, than exits

New positions opened: 60 | Existing positions closed: 72

24% less call options, than puts

Call options by funds: $99M | Put options by funds: $131M

32% less funds holding in top 10

Funds holding in top 10: 1913 (-6)

43% less capital invested

Capital invested by funds: $6.71B → $3.83B (-$2.88B)

Holders
312
Holders Change
-15
Holders Change %
-4.59%
% of All Funds
6.87%
Holding in Top 10
13
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-31.58%
% of All Funds
0.29%
New
60
Increased
92
Reduced
109
Closed
72
Calls
$99M
Puts
$131M
Net Calls
-$32M
Net Calls Change
-$21.2M
Name Holding Trade Value Shares
Change
Change in
Stake
CIBC World Market
26
CIBC World Market
Ontario, Canada
$28.9M -$1.08M -44,778 -2%
Fidelity Investments
27
Fidelity Investments
Massachusetts
$28.5M -$1.72M -71,150 -4%
Manulife (Manufacturers Life Insurance)
28
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$27.7M +$15.5M +642,647 +55%
BlackRock
29
BlackRock
New York
$26.7M +$8.07M +334,613 +24%
Legal & General Group
30
Legal & General Group
United Kingdom
$24.6M -$91.1K -3,779 -0.2%
MSE
31
MUFG Securities EMEA
United Kingdom
$24.6M +$20.2M +838,900 +112%
CS
32
Credit Suisse
Switzerland
$24.4M +$19.1M +790,096 +101%
CAM
33
Chou Associates Management
Ontario, Canada
$24.2M -$1.45M -60,000 -4%
Dimensional Fund Advisors
34
Dimensional Fund Advisors
Texas
$21.5M -$19.1M -793,367 -36%
Fiera Capital (Canada)
35
Fiera Capital (Canada)
Quebec, Canada
$20.6M +$5.22M +216,346 +19%
BC
36
Bruce & Co
Illinois
$20.3M +$4.12M +171,000 +15%
Swiss National Bank
37
Swiss National Bank
Switzerland
$18.9M +$3.14M +130,400 +12%
AIMCA
38
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$18.8M -$1.07M -44,400 -3%
Sumitomo Mitsui Trust Group
39
Sumitomo Mitsui Trust Group
Japan
$17.9M +$3.54M +146,643 +14%
JP Morgan Chase
40
JP Morgan Chase
New York
$17.9M -$6.4M -265,560 -19%
PMG
41
Private Management Group
California
$17.6M -$413K -17,147 -1%
Millennium Management
42
Millennium Management
New York
$16.8M +$26.1M +1,084,205 New
Deutsche Bank
43
Deutsche Bank
Germany
$16.5M +$9.12M +378,030 +55%
Twin Tree Management
44
Twin Tree Management
Texas
$15M +$23.3M +967,252 New
Arrowstreet Capital
45
Arrowstreet Capital
Massachusetts
$14.9M +$20.5M +851,159 +771%
TD Asset Management
46
TD Asset Management
Ontario, Canada
$14.9M -$1.17M -48,383 -5%
Capital World Investors
47
Capital World Investors
California
$14.7M
Citigroup
48
Citigroup
New York
$13.4M +$15.4M +639,746 +269%
Two Sigma Advisers
49
Two Sigma Advisers
New York
$13.2M -$3.56M -147,700 -15%
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$13.1M +$14.1M +583,966 +226%

BHC Hedge Fund Activity: Q1 2020 in Review

312 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Bausch Health (BHC) for Q1 2020, worth a combined $3.83B — down 43% from $6.71B a quarter earlier.

Sellers outnumbered buyers: 72 funds closed out of BHC and 60 opened new positions — a net loss of 12 holders — while 109 trimmed existing stakes and 92 added.

The largest buyer was Morgan Stanley, adding an estimated $221M. The largest seller was Epoch Investment Partners, exiting entirely with an estimated $143M sold.

  • 312 institutional investors held Bausch Health (BHC) as of Q1 2020, down from 327 in Q4 2019.
  • Funds reported $3.83B of Bausch Health stock for Q1 2020, down 43% quarter-over-quarter.
  • 60 funds opened new Bausch Health positions in Q1 2020 and 72 closed out, a net change of -12 holders.
  • The largest Bausch Health buyer in Q1 2020 was Morgan Stanley, an estimated $221M added.
  • The largest Bausch Health seller in Q1 2020 was Epoch Investment Partners, an estimated $143M sold.

Based on aggregated 13F filings for Q1 2020.