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Bausch Health

409 hedge funds and large institutions have $32.4B invested in Bausch Health in 2013 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 138 increasing their positions, 148 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 32

57% more call options, than puts

Call options by funds: $524M | Put options by funds: $335M

30% more funds holding in top 10

Funds holding in top 10: 4660 (+14)

13% more capital invested

Capital invested by funds: $28.8B → $32.4B (+$3.62B)

11% more funds holding

Funds holding: 368409 (+41)

0.12% less ownership

Funds ownership: 82.82%82.7% (-0.12%)

7% less repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 148

Holders
409
Holders Change
+41
Holders Change %
+11.14%
% of All Funds
11.87%
Holding in Top 10
60
Holding in Top 10 Change
+14
Holding in Top 10 Change %
+30.43%
% of All Funds
1.74%
New
77
Increased
138
Reduced
148
Closed
32
Calls
$524M
Puts
$335M
Net Calls
+$189M
Net Calls Change
+$55M
Name Holding Trade Value Shares
Change
Change in
Stake
RCG
1
Ruane, Cunniff & Goldfarb
New York
$4.03B -$37.4M -341,491 -1%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$3.07B -$459M -4,184,771 -14%
VH
3
ValueAct Holdings
California
$2.22B
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$1.74B -$79M -720,732 -5%
Toronto Dominion Bank
5
Toronto Dominion Bank
Ontario, Canada
$1.02B +$94.3M +860,835 +11%
Viking Global Investors
6
Viking Global Investors
Connecticut
$978M -$68M -620,604 -7%
LPC
7
Lone Pine Capital
Connecticut
$911M -$2.76M -25,222 -0.3%
JP Morgan Chase
8
JP Morgan Chase
New York
$874M +$45.7M +417,113 +6%
Massachusetts Financial Services
9
Massachusetts Financial Services
Massachusetts
$754M -$2.47M -22,524 -0.3%
BWA
10
Brave Warrior Advisors
New York
$718M -$50.4M -460,362 -7%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$583M -$4.06M -37,066 -0.7%
Loomis, Sayles & Company
12
Loomis, Sayles & Company
Massachusetts
$551M -$307K -2,803 -0.1%
Barclays
13
Barclays
United Kingdom
$536M +$314M +2,864,661 +167%
Connor, Clark & Lunn Investment Management (CC&L)
14
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$530M +$49.2M +449,390 +12%
CIBC World Market
15
CIBC World Market
Ontario, Canada
$521M +$744K +6,794 +0.2%
Caisse de Depot et Placement du Quebec (CDPQ)
16
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$476M -$1.87M -17,100 -0.4%
Morgan Stanley
17
Morgan Stanley
New York
$437M +$4.52M +41,214 +1%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$423M -$10.1M -92,313 -2%
IAM
19
Iridian Asset Management
Connecticut
$409M +$9.94M +90,692 +3%
OH
20
Orbis Holdings
Bermuda
$409M -$58M -529,179 -13%
BC
21
Brahman Capital
New York
$402M -$22.4M -204,259 -6%
JHIU
22
Janus Henderson Investors US
Colorado
$327M -$52.6M -480,160 -15%
ClearBridge Investments
23
ClearBridge Investments
New York
$313M +$44.9M +409,500 +18%
SCM
24
Steadfast Capital Management
New York
$310M +$47.6M +434,829 +20%
Norges Bank
25
Norges Bank
Norway
$275M +$12.2M +111,235 +5%

BHC Hedge Fund Activity: Q4 2013 in Review

409 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Bausch Health (BHC) for Q4 2013, worth a combined $32.4B — up 13% from $28.8B a quarter earlier.

Buyers outnumbered sellers: 77 funds opened new BHC positions and 32 closed out — a net gain of 45 holders — while 138 added to existing stakes and 148 trimmed.

The largest buyer was Barclays, adding an estimated $314M. The largest seller was Fidelity Investments, cutting an estimated $459M.

  • 409 institutional investors held Bausch Health (BHC) as of Q4 2013, up from 368 in Q3 2013.
  • Funds reported $32.4B of Bausch Health stock for Q4 2013, up 13% quarter-over-quarter.
  • 77 funds opened new Bausch Health positions in Q4 2013 and 32 closed out, a net change of +45 holders.
  • The largest Bausch Health buyer in Q4 2013 was Barclays, an estimated $314M added.
  • The largest Bausch Health seller in Q4 2013 was Fidelity Investments, an estimated $459M sold.

Based on aggregated 13F filings for Q4 2013.