Bausch Health
451 hedge funds and large institutions have $31B invested in Bausch Health in 2015 Q4 according to their latest regulatory filings, with 104 funds opening new positions, 170 increasing their positions, 148 reducing their positions, and 194 closing their positions.
18% more call options, than puts
Call options by funds: $4.76B | Put options by funds: $4.02B
15% more repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 148
2.04% more ownership
Funds ownership: 87.49% → 89.53% (+2%)
17% less funds holding
Funds holding: 546 → 451 (-95)
37% less funds holding in top 10
Funds holding in top 10: 84 → 53 (-31)
42% less capital invested
Capital invested by funds: $53.2B → $31B (-$22.2B)
46% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 194
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Paulson & Co
New York
|
+$492M |
| 2 |
BC
Brahman Capital
New York
|
+$461M |
| 3 |
Eagle Capital Management (New York)
New York
|
+$411M |
| 4 |
Goldman Sachs
New York
|
+$395M |
| 5 |
Viking Global Investors
Stamford,
Connecticut
|
+$315M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$452M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$425M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$411M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$369M |
| 5 |
PSCM
Pershing Square Capital Management
New York
|
-$324M |
BHC Hedge Fund Activity: Q4 2015 in Review
451 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Bausch Health (BHC) for Q4 2015, worth a combined $31B — down 42% from $53.2B a quarter earlier.
Sellers outnumbered buyers: 194 funds closed out of BHC and 104 opened new positions — a net loss of 90 holders — while 148 trimmed existing stakes and 170 added.
The largest buyer was Paulson & Co, adding an estimated $492M. The largest seller was Winslow Capital Management, exiting entirely with an estimated $452M sold.
- 451 institutional investors held Bausch Health (BHC) as of Q4 2015, down from 546 in Q3 2015.
- Funds reported $31B of Bausch Health stock for Q4 2015, down 42% quarter-over-quarter.
- 104 funds opened new Bausch Health positions in Q4 2015 and 194 closed out, a net change of -90 holders.
- The largest Bausch Health buyer in Q4 2015 was Paulson & Co, an estimated $492M added.
- The largest Bausch Health seller in Q4 2015 was Winslow Capital Management, an estimated $452M sold.
Based on aggregated 13F filings for Q4 2015.