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Which funds own BHC

Bausch Health Cos Inc in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $25m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 1; at least, of 91 current
Combined value: $25m; as reported
Opened: 0; new this quarter
Added to: 0; already held
Trimmed or sold out: 0; 0 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Hudson Bay Capital Management LP Multi-strategy · $36.8bn book	$25m	0.1%	5,000,000	-$2.4m0	Held

Ownership through time

At least 4 of the 95 managers whose filings are on file listed BHC in Q2 2026, against 2 in Q2 2018. 1 manager fewer than in Q1 2026: 1 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

No manager on file started a position.

Largest increases, by shares

Acadian Asset Management LLC4,879,485 to 5,482,986 shares+$3.0m

Largest decreases, by shares

GAMCO Investors Inc748,743 to 707,256 shares-$205k
PDT Partners LLC50,045 to 41,845 shares-$40k

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Acadian Asset Management LLC	Q3 2018	$27m	$27m
Hudson Bay Capital Management LP	Q3 2022	$125m	$25m
GAMCO Investors Inc	Q1 2020	$36m	$3.5m
PDT Partners LLC	Q3 2019	$9.9m	$206k
Carl C. Icahn	Q4 2020	$1.1bn	last listed Q2 2025
ValueAct Holdings LP	Q3 2018	$569m	last listed Q2 2022
Glenview Capital Management LLC	Q3 2018	$497m	last listed Q2 2024
Renaissance Technologies LLC	Q3 2018	$374m	last listed Q4 2020
Wellington Management Group LLP	Q3 2018	$202m	last listed Q2 2019
Susquehanna International Group LLP	Q2 2019	$114m	last listed Q3 2019
AQR Capital Management LLC	Q3 2018	$84m	last listed Q1 2019
Point72 Asset Management LP	Q2 2019	$72m	last listed Q2 2022
Two Sigma Advisers LP	Q3 2018	$66m	last listed Q1 2022
Two Sigma Investments LP	Q3 2018	$66m	last listed Q1 2022

What BHC is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BHC →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.

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