Billionaire John Paulson’s Messy Divorce and Top 5 Stock Picks

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1. Bausch Health Companies Inc. (NYSE:BHC)

Paulson &Co Q2 2023 Investment: $21.51 Million
Percentage of Paulson &Co as of Q2 2023: 20.63%
Number of Hedge Fund Holders: 37

Bausch Health Companies Inc. (NYSE:BHC) is one of billionaire John Paulson’s top stock picks, having relied on the company to gain exposure in the multibillion-dollar healthcare sectors. The company has carved a niche in developing, manufacturing, and marketing a range of gastroenterology, hepatology, neurology, and dermatology products. It sells aesthetic medical devices, branded pharmaceuticals, generic pharmaceuticals, and OTC products internationally.

Paulson & Co. first bought stakes in the healthcare play in $2018 and has been buying and selling with each opportunity to lock in profit. The diversified pharmaceutical company is on the cusp of bouncing to profitability as its losses lessen. The hedge fund has since bolstered its stakes in Bausch Health Companies Inc. (NYSE:BHC), which accounts for 20% of its portfolio.

According to Insider Monkey’s second-quarter database, Bausch Health Companies Inc. (NYSE:BHC) was part of 37 hedge fund portfolios, compared to 32 in the prior quarter. John Paulson’s Paulson & Co is the company’s largest stakeholder, with 26.4 million shares worth $211.51 million.

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