PAULSON & CO. INC. — BAUSCH HEALTH COS INC BHC: Quarterly 13F Position History
PAULSON & CO. INC. has reported BAUSCH HEALTH COS INC (BHC) on 31 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2018. As of Q1 2026, the position is sized at 73,255,869 shares ($395.6M market value, 12.71% of the equity book).
- 73,255,869Shares Held (Latest Filing)
- $395.6MReported Market Value (Latest Filing)
- 12.71%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- -$113.5MQuarter-over-Quarter Value Change
- 73,255,869Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 31 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 73,255,869 | 0 | — | $395.6M | 12.71% | $5.40 |
| Q4 2025 | 73,255,869 | +2,500,000 | +3.5% | $509.1M | 15.61% | $6.95 |
| Q3 2025 | 70,755,869 | +37,964,167 | +115.8% | $456.4M | 15.37% | $6.45 |
| Q2 2025 | 32,791,702 | +6,352,667 | +24.0% | $218.4M | 10.86% | $6.66 |
| Q1 2025 | 26,439,035 | 0 | — | $171.1M | 9.79% | $6.47 |
| Q4 2024 | 26,439,035 | 0 | — | $213.1M | 12.90% | $8.06 |
| Q3 2024 | 26,439,035 | 0 | — | $215.7M | 15.14% | $8.16 |
| Q2 2024 | 26,439,035 | 0 | — | $184.3M | 13.62% | $6.97 |
| Q1 2024 | 26,439,035 | 0 | — | $280.5M | 19.37% | $10.61 |
| Q4 2023 | 26,439,035 | 0 | — | $212.0M | 19.14% | $8.02 |
| Q3 2023 | 26,439,035 | 0 | — | $217.3M | 19.45% | $8.22 |
| Q2 2023 | 26,439,035 | 0 | — | $211.5M | 20.65% | $8.00 |
| Q1 2023 | 26,439,035 | 0 | — | $214.2M | 17.80% | $8.10 |
| Q4 2022 | 26,439,035 | 0 | — | $166.0M | 14.95% | $6.28 |
| Q3 2022 | 26,439,035 | 0 | — | $182.2M | 13.33% | $6.89 |
| Q2 2022 | 26,439,035 | +600,000 | +2.3% | $221.0M | 10.90% | $8.36 |
| Q1 2022 | 25,839,035 | 0 | — | $590.4M | 18.18% | $22.85 |
| Q4 2021 | 25,839,035 | 0 | — | $713.4M | 22.00% | $27.61 |
| Q3 2021 | 25,839,035 | 0 | — | $719.6M | 20.52% | $27.85 |
| Q2 2021 | 25,839,035 | 0 | — | $757.6M | 18.11% | $29.32 |
| Q1 2021 | 25,839,035 | 0 | — | $820.1M | 18.85% | $31.74 |
| Q4 2020 | 25,839,035 | 0 | — | $537.5M | 13.96% | $20.80 |
| Q3 2020 | 25,839,035 | 0 | — | $401.5M | 12.52% | $15.54 |
| Q2 2020 | 25,839,035 | +5,000,000 | +24.0% | $472.6M | 15.10% | $18.29 |
| Q1 2020 | 20,839,035 | 0 | — | $323.0M | 12.32% | $15.50 |
| Q4 2019 | 20,839,035 | 0 | — | $623.5M | 13.46% | $29.92 |
| Q3 2019 | 20,839,035 | 0 | — | $455.3M | 9.34% | $21.85 |
| Q2 2019 | 20,839,035 | 0 | — | $525.6M | 9.39% | $25.22 |
| Q1 2019 | 20,839,035 | 0 | — | $514.7M | 11.40% | $24.70 |
| Q4 2018 | 20,839,035 | 0 | — | $384.9M | 9.22% | $18.47 |
| Q3 2018 | 20,839,035 | — | — | $534.9M | 10.05% | $25.67 |
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 PAULSON & CO. INC. first disclose a BHC position in 13F-HR filings?
PAULSON & CO. INC. first reported BAUSCH HEALTH COS INC (BHC) on its 13F-HR filing for the period ending 2018-09-30 (Q3 2018). The position has appeared on 31 reported quarters within Pactolio's tracked window.
What was PAULSON & CO. INC.'s most recent quarter-over-quarter share-count change in BHC?
PAULSON & CO. INC. held the same 73,255,869 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 PAULSON & CO. INC.'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.