Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bausch Health Cos Inc (BHC)

217 + Investors. Track Smart Money conviction in BHC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — BHC

Based on 222 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their BHC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
222 funds currently hold this stock — 93% of the 3.0-year high of 238 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+10 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 2 quarters from the low — a sharp move.
🟡

Slight buying edge — 50% buying

107 buying109 selling
Last quarter: 107 funds bought or added vs 109 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new BHC position: 32 → 51 → 28 → 34. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

71% of holders stayed for 2+ years

■ 71% conviction (2yr+) ■ 13% medium ■ 16% new
157 out of 222 hedge funds have held BHC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

25 → 32 → 51 → 28 → 34 new funds/Q
New funds entering each quarter: 32 → 51 → 28 → 34. BHC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 77% veterans vs 15% newcomers

■ 77% veterans ■ 8% 1-2yr ■ 15% new
Entry-cohort mix of 240 holders: 185 (77%) are 2+ year veterans, 19 entered 1–2 years ago, and 36 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds
42 of 217 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BHC

In 2026 Q2, 107 hedge funds were net buyers of BHC (34 opened a new position, 73 added to an existing one), while 109 reduced or exited (70 trimmed, 39 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 21% of total institutional value in BHC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 222.

Hedge Fund Ownership: BHC

How many hedge funds hold BHC — quarterly history vs. share price
Quarterly hedge fund ownership of BHC vs. share price

Market Analysis: BHC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BHC

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 2 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: BHC
217 + Investors

Track Smart Money conviction in BHC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 217 227 -4.41%
13F Shares 249M 238M 4.58%
Total Value $1.18B $1.27B -6.76%
New Positions 34 28 +6
Increased Positions 70 82 -12
Closed Positions 39 39 -
Reduced Positions 62 61 +1
Total Calls 12 10 20.0%
Total Puts 11 10 10.0%
PUT/CALL Ratio 0.92 1.0 Neutral

Statistics: BHC

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Institutional Holders (2026 Q2)

217 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BHC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BHC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Paulson & CO. INC. 14.02% 73,255,869 $361.2M
2 Goldentree Asset Management LP 9.92% 34,665,731 $170.7M
3 Lombard Odier Asset Management (USA) Corp 2.71% 4,000,000 $19.7M
4 Kazazian Asset Management, LLC 0.66% 150,000 $740K
5 MFN Partners Management, LP 0.61% 6,000,000 $29.6M
6 Fore Capital, LLC 0.51% 350,000 $1.7M
7 Kohlberg Kravis Roberts & Co. L.P. 0.45% 5,235,000 $25.8M
8 Eschler Asset Management LLP 0.33% 37,506 $185K
9 Round Hill Asset Management 0.22% 70,799 $348K
10 Private Management Group Inc 0.22% 1,683,837 $8.3M
11 Gendell Jeffrey L 0.18% 4,037,091 $19.9M
12 ING Groep NV 0.12% 5,000,000 $24.6M
13 Unifi Asset Management LP 0.12% 25,313 $176K
14 Fore Capital, LLC 0.12% 80,000 $394K
15 Fox Run Management, L.L.C. 0.11% 139,728 $689K
16 Carolina Wealth Management Inc 0.11% 50,110 $247K
17 Inspire Investing, LLC 0.09% 467,640 $2.3M
18 Poehling Capital Management, INC. 0.09% 82,467 $407K
19 SIG North Trading, ULC 0.08% 884,500 $4.4M
20 MQS Management LLC 0.08% 13,337 $66K
21 Macquarie Group Ltd 0.07% 3,250,000 $16.0M
22 Hudson Bay Capital Management LP 0.07% 5,000,000 $24.6M
23 Crawford Fund Management, LLC 0.06% 80,000 $394K
24 Annis Gardner Whiting Capital Advisors, LLC 0.06% 79,703 $393K
25 Healthcare of Ontario Pension Plan Trust Fund 0.06% 8,000,000 $39.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Bausch Health Cos Inc (BHC)

What does the Smart Money Trend signal show for BHC?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their BHC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BHC?

Slight buying edge — 50% buying: Last quarter: 107 funds bought or added vs 109 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BHC holders?

Strong quality — 21% AUM from major funds: 42 of 217 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BHC?

71% of holders stayed for 2+ years: 157 out of 222 hedge funds have held BHC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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