Who owns Bausch Health Companies (BHC)
Which tracked institutional funds hold BHC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BHC company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
29 tracked funds added or opened BHC while 44 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BHC’s largest tracked holder by dollar value, PAULSON & CO. INC., sizes it at 14.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 14.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BHC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 210 tracked filers holding BHC, 91 increased or opened the position and 106 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BHC between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 4
- Inspire Investing, LLC$2M
- MARSHALL WACE, LLP$918K
- Kazazian Asset Management, LLC$740K
- FOX RUN MANAGEMENT, L.L.C.$689K
Full exits 6
- ACADIAN ASSET MANAGEMENT LLC$26M
- BNP PARIBAS ASSET MANAGEMENT Holding S.A.$4M
- WINTON GROUP Ltd$708K
- LuminArx Capital Management LP$675K
- Unifi Asset Management LP$593K
- Thrivent Financial for Lutherans$576K
Largest adds
- NORGES BANK$17M
- D. E. Shaw & Co., Inc.$10M
- Man Group plc$4M
- GENDELL JEFFREY L$4M
- Point72 Asset Management, L.P.$4M
- MILLENNIUM MANAGEMENT LLC$3M
Largest trims
- NOMURA HOLDINGS INC$47M
- PAULSON & CO. INC.$34M
- Nuveen, LLC$20M
- GOLDENTREE ASSET MANAGEMENT LP$16M
- ROYAL BANK OF CANADA$8M
- Walleye Capital LLC$6M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| PAULSON & CO. INC. | 73,255,869 | $361M | 32.4% | 2026-Q2 |
| GOLDENTREE ASSET MANAGEMENT LP | 34,665,731 | $171M | 15.3% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 10,832,582 | $53M | 4.8% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 8,000,000 | $39M | 3.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 7,465,468 | $37M | 3.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 6,225,131 | $31M | 2.8% | 2026-Q2 |
| MFN Partners Management, LP | 6,000,000 | $30M | 2.7% | 2026-Q2 |
| Kohlberg Kravis Roberts & Co. L.P. | 5,235,000 | $26M | 2.3% | 2026-Q2 |
| Hudson Bay Capital Management LP | 5,000,000 | $25M | 2.2% | 2026-Q2 |
| ING GROEP NV | 5,000,000 | $25M | 2.2% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,803,485 | $33M | 3.0% | 2026-Q2 |
| GENDELL JEFFREY L added | 4,037,091 | $20M | 1.8% | 2026-Q2 |
| NORGES BANK added | 3,431,117 | $17M | 1.5% | 2026-Q2 |
| MACQUARIE GROUP LTD | 3,250,000 | $16M | 1.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 3,241,140 | $16M | 1.4% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 2,689,942 | $13M | 1.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 2,250,910 | $11M | 1.0% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 2,235,821 | $11M | 1.0% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 2,186,244 | $11M | 1.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 2,135,582 | $11M | 0.9% | 2026-Q2 |
| PRIVATE MANAGEMENT GROUP INC trimmed | 1,683,837 | $8M | 0.7% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 1,681,918 | $8M | 0.7% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 1,494,205 | $7M | 0.7% | 2026-Q2 |
| Man Group plc added | 1,451,781 | $7M | 0.6% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 1,324,549 | $7M | 0.6% | 2026-Q2 |
| MORGAN STANLEY added | 1,252,481 | $6M | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,105,055 | $5M | 0.5% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 1,095,104 | $5M | 0.5% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 986,351 | $5M | 0.4% | 2026-Q2 |
| TD Asset Management Inc added | 938,710 | $5M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 880,839 | $4M | 0.4% | 2026-Q2 |
| Bridgewater Associates, LP added | 866,285 | $4M | 0.4% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 855,700 | $4M | 0.4% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 753,006 | $4M | 0.3% | 2026-Q2 |
| UBS Group AG trimmed | 744,207 | $4M | 0.3% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL trimmed | 707,256 | $3M | 0.3% | 2026-Q2 |
| WHITEBOX ADVISORS LLC added | 614,672 | $3M | 0.3% | 2026-Q2 |
| Jump Financial, LLC added | 611,100 | $3M | 0.3% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 592,351 | $3M | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 571,182 | $3M | 0.3% | 2026-Q2 |
| Trexquant Investment LP added | 536,440 | $3M | 0.2% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 520,609 | $3M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 508,460 | $2M | 0.2% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 496,836 | $2M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD | 491,168 | $2M | 0.2% | 2026-Q2 |
| Inspire Investing, LLC new | 467,640 | $2M | 0.2% | 2026-Q2 |
| Quadrature Capital Ltd added | 415,116 | $2M | 0.2% | 2026-Q2 |
| NOMURA HOLDINGS INC trimmed | 399,420 | $2M | 0.2% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 394,378 | $2M | 0.2% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 387,135 | $2M | 0.2% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 365,574 | $3M | 0.2% | 2026-Q2 |
| Legal & General Group Plc | 331,686 | $2M | 0.1% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 327,038 | $2M | 0.1% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 299,232 | $1M | 0.1% | 2026-Q2 |
| CIBC Asset Management Inc added | 265,310 | $1M | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 249,991 | $1M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 237,211 | $1M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 223,247 | $1M | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Trust & Banking Corp trimmed | 211,124 | $1M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 203,963 | $1M | 0.1% | 2026-Q2 |
| Nuveen, LLC trimmed | 189,427 | $933K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 187,386 | $924K | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 186,296 | $918K | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 185,537 | $915K | 0.1% | 2026-Q2 |
| RITHOLTZ WEALTH MANAGEMENT trimmed | 181,540 | $895K | 0.1% | 2026-Q2 |
| Kazazian Asset Management, LLC new | 150,000 | $740K | 0.1% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 147,267 | $725K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 146,626 | $722K | 0.1% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 143,800 | $709K | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 142,561 | $703K | 0.1% | 2026-Q2 |
| FOX RUN MANAGEMENT, L.L.C. added | 139,728 | $689K | 0.1% | 2026-Q2 |
| Invesco Ltd. trimmed | 138,645 | $684K | 0.1% | 2026-Q2 |
| Walleye Trading LLC added | 135,199 | $667K | 0.1% | 2026-Q2 |
| BlackRock, Inc. trimmed | 134,454 | $663K | 0.1% | 2026-Q2 |
| Bruce & Co., Inc. | 124,000 | $611K | 0.1% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 118,100 | $582K | 0.1% | 2026-Q2 |
| Graham Capital Management, L.P. added | 101,971 | $503K | 0.0% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 101,738 | $502K | 0.0% | 2026-Q2 |
| BARCLAYS PLC trimmed | 93,864 | $463K | 0.0% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd trimmed | 93,069 | $459K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 92,683 | $457K | 0.0% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 88,971 | $438K | 0.0% | 2026-Q2 |
| Vontobel Holding Ltd. added | 86,475 | $426K | 0.0% | 2026-Q2 |
| XTX Topco Ltd added | 85,118 | $420K | 0.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 83,545 | $412K | 0.0% | 2026-Q2 |
| Marex Group Ltd added | 83,181 | $410K | 0.0% | 2026-Q2 |
| Poehling Capital Management, INC. trimmed | 82,467 | $407K | 0.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 82,424 | $406K | 0.0% | 2026-Q2 |
| Fore Capital, LLC added | 80,000 | $394K | 0.0% | 2026-Q2 |
| Annis Gardner Whiting Capital Advisors, LLC new | 79,703 | $393K | 0.0% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 78,523 | $387K | 0.0% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 78,408 | $387K | 0.0% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL | 77,982 | $384K | 0.0% | 2026-Q2 |
| CITIGROUP INC trimmed | 75,359 | $371K | 0.0% | 2026-Q2 |
| Leonteq Securities AG added | 74,972 | $524K | 0.0% | 2026-Q2 |
| Caprock Group, LLC trimmed | 74,765 | $369K | 0.0% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 73,094 | $360K | 0.0% | 2026-Q2 |
| Lebenthal Global Advisors, LLC added | 72,969 | $360K | 0.0% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 71,410 | $352K | 0.0% | 2026-Q2 |
| Round Hill Asset Management trimmed | 70,799 | $348K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.