MFN Partners Management, LP — BAUSCH HEALTH COS INC BHC: Quarterly 13F Position History
MFN Partners Management, LP has reported BAUSCH HEALTH COS INC (BHC) on 15 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2022. As of Q1 2026, the position is sized at 6,000,000 shares ($32.4M market value, 0.68% of the equity book).
- 6,000,000Shares Held (Latest Filing)
- $32.4MReported Market Value (Latest Filing)
- 0.68%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- -$9.3MQuarter-over-Quarter Value Change
- 6,000,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 15 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 6,000,000 | 0 | — | $32.4M | 0.68% | $5.40 |
| Q4 2025 | 6,000,000 | 0 | — | $41.7M | 0.89% | $6.95 |
| Q3 2025 | 6,000,000 | 0 | — | $38.7M | 0.78% | $6.45 |
| Q2 2025 | 6,000,000 | 0 | — | $40.0M | 0.86% | $6.66 |
| Q1 2025 | 6,000,000 | 0 | — | $38.8M | 0.91% | $6.47 |
| Q4 2024 | 6,000,000 | 0 | — | $48.4M | 0.95% | $8.06 |
| Q3 2024 | 6,000,000 | 0 | — | $49.0M | 0.97% | $8.16 |
| Q2 2024 | 6,000,000 | 0 | — | $41.8M | 1.42% | $6.97 |
| Q1 2024 | 6,000,000 | 0 | — | $63.7M | 1.81% | $10.61 |
| Q4 2023 | 6,000,000 | 0 | — | $48.1M | 1.55% | $8.02 |
| Q3 2023 | 6,000,000 | 0 | — | $49.3M | 1.66% | $8.22 |
| Q2 2023 | 6,000,000 | 0 | — | $48.0M | 1.56% | $8.00 |
| Q1 2023 | 6,000,000 | 0 | — | $48.6M | 2.20% | $8.10 |
| Q4 2022 | 6,000,000 | 0 | — | $37.7M | 1.68% | $6.28 |
| Q3 2022 | 6,000,000 | — | — | $41.3M | 1.87% | $6.89 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did MFN Partners Management, LP first disclose a BHC position in 13F-HR filings?
MFN Partners Management, LP first reported BAUSCH HEALTH COS INC (BHC) on its 13F-HR filing for the period ending 2022-09-30 (Q3 2022). The position has appeared on 15 reported quarters within Pactolio's tracked window.
What was MFN Partners Management, LP's most recent quarter-over-quarter share-count change in BHC?
MFN Partners Management, LP held the same 6,000,000 shares of BHC between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent MFN Partners Management, LP's cost basis in BHC?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.