MFN Partners Management, LP: BAUSCH HEALTH COS INC (BHC): Quarterly 13F Position History
As of Q1 2026, MFN Partners Management, LP reported 6,000,000 shares of BAUSCH HEALTH COS INC (BHC), worth $32.4M and representing 0.7% of its 13F equity book. The position first appeared in Q3 2022 and has been disclosed across 15 13F-HR filings in Pactolio's tracked window.
- 6,000,000Shares Held (Latest Filing)
- $32.4MReported Market Value (Latest Filing)
- 0.7%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 | 0.7% | $5.4 |
| Q4 2025 | 6,000,000 | 0 | — | $41.7M | 0.9% | $7.0 |
| Q3 2025 | 6,000,000 | 0 | — | $38.7M | 0.8% | $6.5 |
| Q2 2025 | 6,000,000 | 0 | — | $40.0M | 0.9% | $6.7 |
| Q1 2025 | 6,000,000 | 0 | — | $38.8M | 0.9% | $6.5 |
| Q4 2024 | 6,000,000 | 0 | — | $48.4M | 1.0% | $8.1 |
| Q3 2024 | 6,000,000 | 0 | — | $49.0M | 1.0% | $8.2 |
| Q2 2024 | 6,000,000 | 0 | — | $41.8M | 1.4% | $7.0 |
| Q1 2024 | 6,000,000 | 0 | — | $63.7M | 1.8% | $10.6 |
| Q4 2023 | 6,000,000 | 0 | — | $48.1M | 1.5% | $8.0 |
| Q3 2023 | 6,000,000 | 0 | — | $49.3M | 1.7% | $8.2 |
| Q2 2023 | 6,000,000 | 0 | — | $48.0M | 1.6% | $8.0 |
| Q1 2023 | 6,000,000 | 0 | — | $48.6M | 2.2% | $8.1 |
| Q4 2022 | 6,000,000 | 0 | — | $37.7M | 1.7% | $6.3 |
| Q3 2022 | 6,000,000 | — | — | $41.3M | 1.9% | $6.9 |
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.