BAUSCH HEALTH COS INC BHC
COM · Common Stock · CUSIP 071734107 · ISIN CA0717341071
- SectorHealth care
- IndustryPharmaceutical Preparations
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 361.9m as of 2022-10-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $6.93. Options: 35 managers hold calls ($196.7m notional), 18 hold puts ($84.9m).
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $27.1m3.9m shares |
| Caption Management, LLC | — | $19.9m2.9m shares |
| JANE STREET GROUP, LLC | — | $18.8m2.7m shares |
| Antara Capital LP | — | $15.2m2.2m shares |
| CITIGROUP INC | — | $14.6m2.1m shares |
| Bracebridge Capital, LLC | — | $14.5m21.0k shares |
| GROUP ONE TRADING LLC | — | $13.8m2.0m shares |
| CITADEL ADVISORS LLC | — | $12.0m1.7m shares |
| LMR Partners LLP | — | $9.6m1.4m shares |
| Parallax Volatility Advisers, L.P. | — | $9.1m1.3m shares |
Biggest puts
| Lombard Odier Asset Management (USA) Corp | — | $34.5m5.0m shares |
| Jefferies Group LLC | — | $9.5m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $9.3m1.3m shares |
| CITIGROUP INC | — | $7.0m1.0m shares |
| CITADEL ADVISORS LLC | — | $5.2m761.2k shares |
| Antara Capital LP | — | $4.8m700.0k shares |
| WOLVERINE TRADING, LLC | — | $3.8m550.5k shares |
| SIG North Trading, ULC | — | $3.1m446.0k shares |
| Sio Capital Management, LLC | — | $1.9m281.2k shares |
| NOMURA HOLDINGS INC | — | $1.6m224.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| PAULSON & CO. INC. 13D · may seek influence +10.2 pts · filed 2025-08-14 | 19.1% |
MERUELO ALEX
13D · may seek influence
new · filed 2025-04-07
Stated purposeOn March 31, 2025, Mr. Meruelo spoke with Thomas Appio, the Chief Executive Officer of the Issuer, regarding the market reaction to the Issuer's recently announced debt refinancing as well as the Issuer's future debt maturities and plans to maximize shareholder value. During the course of the conversation, it became clear to the Reporting Person that the Issuer could benefit from the Reporting Person's financial and business experience and, therefore, the Reporting Person expressed his willingness to join the board of directors of the Issuer (the "Board") and to help the Issuer identify other strategic individuals to join the Board. The Reporting Person has since determined to continue to engage with the Issuer with respect to joining the Board and identifying other strategic individuals… Full filing |
10.0% |
| GOLDENTREE ASSET MANAGEMENT LP 13G · passive investor filed 2025-08-14 | 9.5% |
Fell to 5% or below in the last year: NOMURA HOLDINGS INC (4.2%, 2025-11-14)
Insider purchases and sales in Q3 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2020 | 0 | — | 0 | — | — |
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $1.5m | 0 | — | — |
| Q1 2022 | 0 | — | 2 | — | — |
| Q2 2022 | 0 | — | 1 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
None reported in Q3 2022.
Holders, Q3 2022
| Manager | Shares | Change |
|---|---|---|
| ICAHN CARL C 1.13% of their portfolio | 34.7m $239.2m | — |
| PAULSON & CO. INC. 13.33% of their portfolio | 26.4m $182.2m | — |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 18.6m $128.1m | — |
| NOMURA HOLDINGS INC 1.12% of their portfolio | 16.5m $114.1m | — |
| GOLDENTREE ASSET MANAGEMENT LP 8.14% of their portfolio | 16.5m $113.6m | — |
| VANGUARD GROUP INC 0.00% of their portfolio | 10.9m $75.3m | — |
| Laurion Capital Management LP 2.07% of their portfolio | 10.8m $74.5m | — |
| D. E. Shaw & Co., Inc. 0.10% of their portfolio | 8.2m $56.7m | — |
| NATIXIS 0.26% of their portfolio | 8.0m $55.1m | — |
| MFN Partners Management, LP 1.87% of their portfolio | 6.0m $41.3m | — |
| Kohlberg Kravis Roberts & Co. L.P. 0.72% of their portfolio | 5.2m $36.1m | — |
| Segantii Capital Management Ltd 1.19% of their portfolio | 5.0m $34.5m | — |
| Hudson Bay Capital Management LP 0.25% of their portfolio | 3.5m $24.1m | — |
| NORGES BANK 0.01% of their portfolio | 3.3m $22.6m | — |
| Rubric Capital Management LP 1.13% of their portfolio | 3.3m $22.5m | — |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 3.1m $22.2m | — |
| Silver Point Capital L.P. 1.52% of their portfolio | 3.0m $20.5m | — |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.4m $16.8m | — |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 2.2m $22.4m | — |
| Invesco Ltd. 0.00% of their portfolio | 2.2m $15.3m | — |
| UBS Group AG 0.01% of their portfolio | 2.1m $14.6m | — |
| ING GROEP NV 0.23% of their portfolio | 2.0m $13.8m | — |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.9m $13.3m | — |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.9m $12.8m | — |
| PRIVATE MANAGEMENT GROUP INC 0.53% of their portfolio | 1.7m $11.4m | — |
| GAMCO INVESTORS, INC. ET AL 0.13% of their portfolio | 1.7m $11.4m | — |
| Miller Value Partners, LLC 0.65% of their portfolio | 1.6m $10.7m | — |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 1.4m $9.5m | — |
| Woodline Partners LP 0.14% of their portfolio | 1.3m $9.3m | — |
| Swiss National Bank 0.01% of their portfolio | 1.2m $8.5m | — |
| TORONTO DOMINION BANK 0.01% of their portfolio | 1.2m $8.3m | — |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.2m $8.2m | — |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 1.1m $7.9m | — |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 1.1m $7.7m | — |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $7.6m | — |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $8.3m | — |
| UMB Bank, n.a. 0.13% of their portfolio | 1.1m $7.4m | — |
| Rokos Capital Management LLP 0.56% of their portfolio | 1.0m $7.3m | — |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.0m $7.0m | — |
| Legal & General Group Plc 0.00% of their portfolio | 978.1k $6.8m | — |
| Clearline Capital LP 0.83% of their portfolio | 866.3k $6.0m | — |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 821.7k $5.7m | — |
| TD Asset Management Inc 0.01% of their portfolio | 800.5k $5.6m | — |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 765.1k $5.3m | — |
| MARSHALL WACE, LLP 0.01% of their portfolio | 738.8k $5.1m | — |
| Public Sector Pension Investment Board 0.04% of their portfolio | 716.3k $5.0m | — |
| Chou Associates Management Inc. 4.88% of their portfolio | 715.0k $4.9m | — |
| Edgestream Partners, L.P. 0.33% of their portfolio | 610.6k $4.2m | — |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 599.0k $4.1m | — |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 565.5k $3.9m | — |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 559.8k $3.9m | — |
| CITIGROUP INC 0.01% of their portfolio | 529.6k $3.7m | — |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 513.5k $3.5m | — |
| Governors Lane LP 0.33% of their portfolio | 508.4k $3.5m | — |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 501.5k $3.5m | — |
| WHITEBOX ADVISORS LLC 0.10% of their portfolio | 499.1k $3.4m | — |
| Jefferies Group LLC 0.10% of their portfolio | 488.6k $3.4m | — |
| AXA S.A. 0.01% of their portfolio | 479.3k $3.3m | — |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 451.1k $3.1m | — |
| ARES MANAGEMENT LLC 0.14% of their portfolio | 430.0k $3.0m | — |
| Centerbridge Partners, L.P. 0.34% of their portfolio | 425.0k $2.9m | — |
| BlackRock Inc. 0.00% of their portfolio | 416.7k $2.9m | — |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 405.6k $2.8m | — |
| Bank of New York Mellon Corp 0.00% of their portfolio | 402.2k $2.8m | — |
| BIGLARI CAPITAL CORP. 0.51% of their portfolio | 395.0k $2.7m | — |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 385.3k $2.7m | — |
| Redwood Investment Management, LLC 0.52% of their portfolio | 360.0k $2.5m | — |
| TOBAM 0.16% of their portfolio | 336.8k $2.3m | — |
| FMR LLC 0.00% of their portfolio | 312.7k $2.2m | — |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 285.2k $2.0m | — |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 283.7k $2.0m | — |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 283.7k $2.0m | — |
| THOMPSON INVESTMENT MANAGEMENT, INC. 0.37% of their portfolio | 279.5k $1.9m | — |
| OBSIDIAN CIO, LLC 0.96% of their portfolio | 277.2k $1.9m | — |
| CIBC Asset Management Inc 0.01% of their portfolio | 270.0k $1.9m | — |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 263.8k $1.8m | — |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 263.0k $1.8m | — |
| EMG Holdings, L.P. 1.54% of their portfolio | 263.0k $1.8m | — |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 261.1k $1.8m | — |
| Alberta Investment Management Corp 0.01% of their portfolio | 249.7k $1.7m | — |
| GABELLI FUNDS LLC 0.01% of their portfolio | 238.0k $1.6m | — |
| ACADEMY CAPITAL MANAGEMENT 0.34% of their portfolio | 231.0k $1.6m | — |
| NORTHERN TRUST CORP 0.00% of their portfolio | 213.9k $1.5m | — |
| ZAZOVE ASSOCIATES LLC 0.13% of their portfolio | 207.0k $1.4m | — |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 191.5k $1.3m | — |
| Patient Capital Management, LLC 0.66% of their portfolio | 187.6k $1.3m | — |
| GROUP ONE TRADING LLC 0.04% of their portfolio | 176.0k $1.2m | — |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 173.2k $1.2m | — |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 170.4k $1.2m | — |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 163.2k $1.1m | — |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 155.5k $1.1m | — |
| Brevan Howard Capital Management LP 0.41% of their portfolio | 155.0k $1.1m | — |
| ETF MANAGERS GROUP, LLC 0.03% of their portfolio | 147.8k $1.0m | — |
| Andra AP-fonden 0.04% of their portfolio | 143.1k $1.4m | — |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 140.0k $976.0k | — |
| Fiera Capital Corp 0.00% of their portfolio | 135.9k $940.0k | — |
| Magnetar Financial LLC 0.01% of their portfolio | 129.7k $893.0k | — |
| Financial Sense Advisors, Inc. 0.36% of their portfolio | 124.7k $859.0k | — |
| Amundi 0.00% of their portfolio | 124.4k $943.0k | — |
| Round Hill Asset Management 0.57% of their portfolio | 122.2k $842.0k | — |