Bausch Health Companies

BHC • NYSE

Bausch Health Companies is a drug manufacturers - specialty & generic company in the healthcare sector on NYSE, with a market cap of $2.6B. As of Q3 2025, 65% of shares are held by 213 institutional investors, with PAULSON & CO INC as the largest holder at 19.13%.

Market Cap$2.6B

Drug Manufacturers - Specialty & Generic

Healthcare

Employees20.3K

Websitebauschhealth.com

Country

United States of America

Overview

Overview of institutional ownership in BHC as of Q3 2025 with a market cap of $2.4B

All Institutions

Institutions: 213
Value Held: $1.6B
Shares Held: 240.6M
Avg Position: $7.3M
Median Position: $269.9K

Hedge Funds

Hedge Funds: 36
Value Held: $352.5M
Shares Held: 54.7M
Avg Position: $9.8M
Median Position: $592.1K

Ownership Breakdown

Institutional (non-HF)

50.43%

$1.2B

Hedge Funds

14.78%

$352.5M

Retail & Other

34.79%

$829.8M

Based on market cap of $2.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BHC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
P PAULSON & CO INC Institution	-	$456.4M 15.37% of portfolio	19.13% 70.8M shares	Q1 2014 Held for 11y 8m	$3.0B
GOLDENTREE ASSET MANAGEMENT LP Hedge Fund•Distressed	Kathryn Layne Sutherland CEO	$224.4M 18.77% of portfolio	9.42% 34.8M shares	Q1 2018 Held for 7y 8m	$1.2B
N NOMURA HOLDINGS INC Institution	-	$101.3M 0.55% of portfolio	4.25% 15.7M shares	Q3 2015 Held for 10y 2m	$18.4B
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	-	$83.9M 0.16% of portfolio	3.52% 13.0M shares	Q4 2022 Held for 2y 11m	$53.3B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$78.8M 0.00% of portfolio	3.31% 12.2M shares	Q1 2015 Held for 10y 8m	$6.69T
R ROYAL BANK OF CANADA Institution	-	$67.8M 0.01% of portfolio	2.84% 10.5M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$49.8M 0.06% of portfolio	2.09% 7.7M shares	Q4 2021 Held for 3y 11m	$88.3B
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	$38.7M 0.78% of portfolio	1.62% 6.0M shares	Q3 2022 Held for 3y 2m	$5.0B
Kohlberg Kravis Roberts & Co. L.P. Private Equity	Joseph Yong Bae CEO	$33.8M 0.61% of portfolio	1.42% 5.2M shares	Q2 2020 Held for 5y 5m	$5.6B
UBS Group AG Institution	Sergio P. Ermotti CEO	$33.2M 0.01% of portfolio	1.39% 5.1M shares	Q4 2014 Held for 10y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for BHC in Q3 2025

Traded: −$48.3M
Buyers: 89
Sellers: 87
Total Bought: +$350.8M
Total Sold: −$399.1M
Avg Position: $6.6M

Biggest Buyers

Institution	Net Bought	Current Position
P PAULSON & CO INC Institution	+$244.9M +38.0M shares	$456.4M 70.8M shares
UBS Group AG Institution	+$26.9M +4.2M shares	$33.2M 5.1M shares
GOLDMAN SACHS GROUP INC Institution	+$12.4M +1.9M shares	$20.0M 3.1M shares
R ROYAL BANK OF CANADA Institution	+$7.5M +1.2M shares	$67.8M 10.5M shares
BANK OF AMERICA CORP /DE/ Institution	+$6.3M +980.5K shares	$9.3M 1.4M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$5.3M +611.2K shares	$12.6M 1.5M shares
Marshall Wace LLP Institution	+$4.5M +701.1K shares	$5.2M 813.1K shares
GOLDENTREE ASSET MANAGEMENT LP Hedge Fund•Distressed	+$3.7M +578.5K shares	$224.4M 34.8M shares
T TANG CAPITAL MANAGEMENT LLC Institution	+$3.6M +563.2K shares	$8.4M 1.3M shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	+$3.4M +532.9K shares	$3.4M 532.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
I ICAHN CARL C Institution	−$231.2M −34.7M shares	Sold Off 0 shares
N NOMURA HOLDINGS INC Institution	−$37.3M −5.8M shares	$101.3M 15.7M shares
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	−$36.6M −5.7M shares	$13.8M 2.1M shares
S SG Americas Securities, LLC Institution	−$20.6M −3.2M shares	$19.1M 3.0M shares
FRANKLIN RESOURCES INC Institution	−$13.9M −1.0M shares	$964.8K 72.6K shares
M MACQUARIE GROUP LTD Institution	−$11.9M −1.9M shares	$21.0M 3.3M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$10.9M −1.7M shares	$8.5M 1.3M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$10.0M −1.6M shares	$1.3M 205.6K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	−$3.1M −470.8K shares	Sold Off 0 shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	−$2.2M −333.8K shares	$5.2M 809.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BHC in Q3 2025

New Positions: 3
New Value: $951.7K
Exited Positions: 23
Exited Value: $239.6M

New Positions

Institution	Position Value
C Colony Group, LLC Institution	$464.6K 70.8K shares
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$410.2K 63.6K shares
Summit Wealth Group, LLC RIA/Wealth	$76.9K 11.9K shares

Exited Positions

Institution	Previous Position
I ICAHN CARL C Institution	$231.2M 34.7M shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$3.1M 470.8K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$2.1M 317.3K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$945.7K 142.0K shares
G GRUSS & CO INC Institution	$799.2K 120.0K shares
Q Quarry LP Institution	$432.9K 65.0K shares
Goss Wealth Management LLC RIA/Wealth	$217.7K 32.7K shares
Q Quadrature Capital Ltd Institution	$163.1K 24.5K shares
I Investment Management Corp of Ontario Institution	$122.4K 18.4K shares
Rockwood Wealth Management, LLC RIA/Wealth	$89.8K 13.5K shares

Options Activity

Institutions with the largest Call and Put options positions in BHC as of Q3 2025

Call Positions: 11
Call Value: $8.2M
Put Positions: 15
Put Value: $32.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.6M 4.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.5M 3.8K contracts
S SIG North Trading, ULC Institution	$1.2M 1.9K contracts
W WOLVERINE TRADING, LLC Institution	$983.4K 1.5K contracts
Walleye Trading LLC RIA/Wealth	$623.1K 966.0 contracts
J JANE STREET GROUP, LLC Institution	$149.6K 232.0 contracts
Sequoia Financial Advisors, LLC RIA/Wealth	$129.0K 200.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$21.9K 34.0 contracts
TORONTO DOMINION BANK Institution	$15.4K 24.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	- - contracts

Put Positions

Institution	Position Value
L Lombard Odier Asset Management Corp Hedge Fund•Multi-Strategy	$11.1M 17.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.7M 11.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.6M 5.5K contracts
Caption Management, LLC Hedge Fund•Long/Short	$2.7M 4.2K contracts
Crawford Fund Management, LLC Hedge Fund•Long/Short	$1.7M 2.7K contracts
CITIGROUP INC Institution	$1.4M 2.2K contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 2.0K contracts
J JANE STREET GROUP, LLC Institution	$1.1M 1.7K contracts
S SIG North Trading, ULC Institution	$777.9K 1.2K contracts
Walleye Trading LLC RIA/Wealth	$396.7K 615.0 contracts

Most Committed Institutions

Institutions with BHC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
GOLDENTREE ASSET MANAGEMENT LP Hedge Fund•Distressed	Kathryn Layne Sutherland CEO	18.77% $224.4M	9.42% 34.8M shares	Q1 2018 Held for 7y 8m	$1.2B
P PAULSON & CO INC Institution	-	15.37% $456.4M	19.13% 70.8M shares	Q1 2014 Held for 11y 8m	$3.0B
Compass Rose Asset Management, LP Hedge Fund•Credit Arb	Brian Peter Riano CEO	1.77% $1.6M	0.07% 250.0K shares	Q3 2024 Held for 1y 2m	$91.0M
F Fore Capital, LLC Institution	-	1.47% $580.5K	0.02% 90.0K shares	Q3 2025 Held for 2 months	$39.6M
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	0.78% $38.7M	1.62% 6.0M shares	Q3 2022 Held for 3y 2m	$5.0B
Kohlberg Kravis Roberts & Co. L.P. Private Equity	Joseph Yong Bae CEO	0.61% $33.8M	1.42% 5.2M shares	Q2 2020 Held for 5y 5m	$5.6B
M Mitsubishi UFJ Securities International PLC Institution	-	0.55% $21.9M	0.92% 3.4M shares	Q2 2025 Held for 5 months	$4.0B
N NOMURA HOLDINGS INC Institution	-	0.55% $101.3M	4.25% 15.7M shares	Q3 2015 Held for 10y 2m	$18.4B
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	Xavier George Majic CEO	0.54% $13.8M	0.58% 2.1M shares	Q3 2024 Held for 1y 2m	$2.6B
Range Financial Group LLC RIA/Wealth	Eric Robert Dahm Managing Partner	0.38% $1.0M	0.04% 161.8K shares	Q4 2023 Held for 1y 11m	$276.8M