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Bausch Health

334 hedge funds and large institutions have $3.54B invested in Bausch Health in 2018 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 96 increasing their positions, 109 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.89% more ownership

Funds ownership: 50.97%54.86% (+3.9%)

9% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 55

1% more funds holding

Funds holding: 332334 (+2)

12% less repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 109

17% less funds holding in top 10

Funds holding in top 10: 1210 (-2)

23% less capital invested

Capital invested by funds: $4.59B → $3.54B (-$1.05B)

49% less call options, than puts

Call options by funds: $365M | Put options by funds: $716M

Holders
334
Holders Change
+2
Holders Change %
+0.6%
% of All Funds
7.44%
Holding in Top 10
10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-16.67%
% of All Funds
0.22%
New
60
Increased
96
Reduced
109
Closed
55
Calls
$365M
Puts
$716M
Net Calls
-$351M
Net Calls Change
+$174M
Name Holding Trade Value Shares
Change
Change in
Stake
PC
1
Paulson & Co
New York
$385M
VH
2
ValueAct Holdings
California
$333M
Vanguard Group
3
Vanguard Group
Pennsylvania
$167M +$7.68M +322,698 +4%
Connor, Clark & Lunn Investment Management (CC&L)
4
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$156M +$1.79M +75,175 +0.9%
Nomura Holdings
5
Nomura Holdings
Japan
$123M +$19.7M +827,232 +14%
GCM
6
Glenview Capital Management
New York
$122M +$72.8M +3,060,703 +87%
Fidelity International
7
Fidelity International
Bermuda
$115M +$77.8M +3,271,457 +111%
Wellington Management Group
8
Wellington Management Group
Massachusetts
$113M -$41M -1,725,473 -22%
MVP
9
Miller Value Partners
Florida
$88.7M -$2.98M -125,255 -3%
GAM
10
Goldentree Asset Management
New York
$77.1M +$35M +1,470,919 +54%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$74.8M -$29.2M -1,228,666 -23%
O
12
OrbiMed
New York
$66.5M +$40.4M +1,696,400 +89%
Norges Bank
13
Norges Bank
Norway
$59.1M +$3.41M +143,544 +5%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$53.3M -$18.8M -791,987 -22%
ClearBridge Investments
15
ClearBridge Investments
New York
$53.2M -$72.7K -3,055 -0.1%
Citadel Advisors
16
Citadel Advisors
Florida
$49.3M +$35.5M +1,494,492 +127%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$48.3M -$6.13M -257,612 -9%
Thrivent Financial for Lutherans
18
Thrivent Financial for Lutherans
Minnesota
$47.9M +$10.4M +435,800 +20%
Goldman Sachs
19
Goldman Sachs
New York
$45M +$6.46M +271,394 +13%
CIBC World Market
20
CIBC World Market
Ontario, Canada
$44.5M -$2.31M -97,162 -4%
Renaissance Technologies
21
Renaissance Technologies
New York
$39.4M +$5.49M +230,918 +12%
AQR Capital Management
22
AQR Capital Management
Connecticut
$36.5M -$31.4M -1,320,686 -40%
Canada Pension Plan Investment Board
23
Canada Pension Plan Investment Board
Ontario, Canada
$34.4M +$8.63M +362,960 +24%
CAM
24
Chou Associates Management
Ontario, Canada
$30.5M
AAM
25
Ardevora Asset Management
United Kingdom
$30.3M +$37M +1,556,002 +1,895%

BHC Hedge Fund Activity: Q4 2018 in Review

334 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Bausch Health (BHC) for Q4 2018, worth a combined $3.54B — down 23% from $4.59B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new BHC positions and 55 closed out — a net gain of 5 holders — while 96 added to existing stakes and 109 trimmed.

The largest buyer was Fidelity International, adding an estimated $77.8M. The largest seller was Wellington Management Group, cutting an estimated $41M.

  • 334 institutional investors held Bausch Health (BHC) as of Q4 2018, up from 332 in Q3 2018.
  • Funds reported $3.54B of Bausch Health stock for Q4 2018, down 23% quarter-over-quarter.
  • 60 funds opened new Bausch Health positions in Q4 2018 and 55 closed out, a net change of +5 holders.
  • The largest Bausch Health buyer in Q4 2018 was Fidelity International, an estimated $77.8M added.
  • The largest Bausch Health seller in Q4 2018 was Wellington Management Group, an estimated $41M sold.

Based on aggregated 13F filings for Q4 2018.