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Bausch Health

311 hedge funds and large institutions have $4.2B invested in Bausch Health in 2018 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 73 increasing their positions, 117 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more capital invested

Capital invested by funds: $2.58B → $4.2B (+$1.62B)

3.81% less ownership

Funds ownership: 48%44.19% (-3.8%)

5% less funds holding

Funds holding: 327311 (-16)

11% less funds holding in top 10

Funds holding in top 10: 98 (-1)

23% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 69

38% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 117

56% less call options, than puts

Call options by funds: $440M | Put options by funds: $1B

Holders
311
Holders Change
-16
Holders Change %
-4.89%
% of All Funds
7.12%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.18%
New
53
Increased
73
Reduced
117
Closed
69
Calls
$440M
Puts
$1B
Net Calls
-$563M
Net Calls Change
-$3.99M
Name Holding Trade Value Shares
Change
Change in
Stake
ClearBridge Investments
1
ClearBridge Investments
New York
$671M -$614K -29,680 -1%
PC
2
Paulson & Co
New York
$484M
VH
3
ValueAct Holdings
California
$419M +$447K +21,612 +0.1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$197M +$4.68M +226,539 +3%
Connor, Clark & Lunn Investment Management (CC&L)
5
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$184M -$20.8M -1,005,185 -11%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$128M -$3.68M -178,040 -3%
MVP
7
Miller Value Partners
Florida
$116M -$8.58M -415,000 -8%
Renaissance Technologies
8
Renaissance Technologies
New York
$95.1M -$18.2M -882,100 -18%
AQR Capital Management
9
AQR Capital Management
Connecticut
$84.7M +$34.2M +1,652,093 +85%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$76.2M -$2.97M -143,398 -4%
Norges Bank
11
Norges Bank
Norway
$76.1M
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$72.8M -$1.73M -83,790 -3%
CIBC World Market
13
CIBC World Market
Ontario, Canada
$69.5M -$7.85M -379,731 -11%
Fidelity International
14
Fidelity International
Bermuda
$66.2M +$58.9M +2,846,096 New
Goldman Sachs
15
Goldman Sachs
New York
$62M -$4.09M -197,687 -7%
Morgan Stanley
16
Morgan Stanley
New York
$57.4M -$8.82M -426,630 -15%
Deutsche Bank
17
Deutsche Bank
Germany
$52M +$24.8M +1,197,822 +115%
Bank of America
18
Bank of America
North Carolina
$49.2M +$11.5M +557,504 +36%
JP Morgan Chase
19
JP Morgan Chase
New York
$45.4M +$40.1M +1,940,969 +14,975%
CAM
20
Chou Associates Management
Ontario, Canada
$38.3M
Legal & General Group
21
Legal & General Group
United Kingdom
$35.7M +$1.72M +83,161 +6%
PPA
22
Parametric Portfolio Associates
Washington
$35.7M +$2.23M +108,016 +8%
Toronto Dominion Bank
23
Toronto Dominion Bank
Ontario, Canada
$34.4M +$9.38M +453,474 +44%
Assenagon Asset Management
24
Assenagon Asset Management
Luxembourg
$30.7M +$27.3M +1,320,302 New
OSAM
25
O'Shaughnessy Asset Management
Connecticut
$29.4M +$3.32M +160,344 +14%

BHC Hedge Fund Activity: Q2 2018 in Review

311 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Bausch Health (BHC) for Q2 2018, worth a combined $4.2B — up 63% from $2.58B a quarter earlier.

Sellers outnumbered buyers: 69 funds closed out of BHC and 53 opened new positions — a net loss of 16 holders — while 117 trimmed existing stakes and 73 added.

The largest buyer was Fidelity International, opening a new position worth an estimated $58.9M. The largest seller was Susquehanna International Group, cutting an estimated $55.5M.

  • 311 institutional investors held Bausch Health (BHC) as of Q2 2018, down from 327 in Q1 2018.
  • Funds reported $4.2B of Bausch Health stock for Q2 2018, up 63% quarter-over-quarter.
  • 53 funds opened new Bausch Health positions in Q2 2018 and 69 closed out, a net change of -16 holders.
  • The largest Bausch Health buyer in Q2 2018 was Fidelity International, an estimated $58.9M added.
  • The largest Bausch Health seller in Q2 2018 was Susquehanna International Group, an estimated $55.5M sold.

Based on aggregated 13F filings for Q2 2018.