Who owns Baxter International (BAX)
Which tracked institutional funds hold BAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BAX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
201 tracked funds added or opened BAX while 70 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BAX’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BAX divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 644 tracked filers holding BAX, 334 increased or opened the position and 307 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BAX between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 23
- Holocene Advisors, LP$57M
- Defilade Capital Management, L.P.$31M
- Freestone Grove Partners LP$9M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$6M
- Jupiter Topco LLC$5M
- EASTERLY INVESTMENT PARTNERS LLC$4M
Full exits 47
- LSV ASSET MANAGEMENT$68M
- THOMPSON SIEGEL & WALMSLEY LLC$50M
- Pale Fire Capital SE$27M
- NATIXIS ADVISORS, LLC$22M
- Amundi$13M
- Parkwood LLC$10M
Largest adds
- BlackRock, Inc.$551M
- FMR LLC$373M
- PZENA INVESTMENT MANAGEMENT LLC$308M
- DODGE & COX$283M
- VANGUARD CAPITAL MANAGEMENT LLC$157M
- UBS Group AG$131M
Largest trims
- NORGES BANK$69M
- Artisan Partners Limited Partnership$60M
- MILLENNIUM MANAGEMENT LLC$29M
- Callodine Capital Management, LP$20M
- CITADEL ADVISORS LLC$17M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$9M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 81,842,105 | $1.7B | 15.5% | 2026-Q2 |
| PZENA INVESTMENT MANAGEMENT LLC added | 65,295,393 | $1.4B | 12.4% | 2026-Q2 |
| DODGE & COX added | 58,386,345 | $1.2B | 11.0% | 2026-Q2 |
| FMR LLC added | 53,913,831 | $1.1B | 10.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 33,754,280 | $720M | 6.4% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 24,057,190 | $513M | 4.6% | 2026-Q2 |
| STATE STREET CORP added | 20,600,468 | $439M | 3.9% | 2026-Q2 |
| GREENHAVEN ASSOCIATES INC trimmed | 14,285,228 | $305M | 2.7% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 14,123,689 | $301M | 2.7% | 2026-Q2 |
| Invesco Ltd. trimmed | 12,361,881 | $264M | 2.3% | 2026-Q2 |
| UBS Group AG added | 9,529,309 | $203M | 1.8% | 2026-Q2 |
| First Pacific Advisors, LP added | 7,618,145 | $162M | 1.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 7,150,462 | $152M | 1.4% | 2026-Q2 |
| EQUITY INVESTMENT CORP added | 6,886,265 | $147M | 1.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 6,359,790 | $136M | 1.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 6,237,950 | $133M | 1.2% | 2026-Q2 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 6,225,060 | $133M | 1.2% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 5,996,711 | $128M | 1.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 5,612,144 | $120M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 4,864,004 | $104M | 0.9% | 2026-Q2 |
| MARSHALL WACE, LLP added | 4,857,267 | $104M | 0.9% | 2026-Q2 |
| NORGES BANK trimmed | 4,144,905 | $88M | 0.8% | 2026-Q2 |
| RWC Asset Management LLP added | 3,329,168 | $71M | 0.6% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 3,298,910 | $70M | 0.6% | 2026-Q2 |
| Bank of New York Mellon Corp added | 3,191,198 | $68M | 0.6% | 2026-Q2 |
| FIL Ltd added | 2,940,551 | $63M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 2,899,902 | $62M | 0.5% | 2026-Q2 |
| Holocene Advisors, LP added | 2,666,396 | $57M | 0.5% | 2026-Q2 |
| EDMOND DE ROTHSCHILD HOLDING S.A. trimmed | 2,437,052 | $52M | 0.5% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 2,406,207 | $53M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 2,364,139 | $53M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 2,115,902 | $45M | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 2,071,642 | $44M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 1,936,013 | $41M | 0.4% | 2026-Q2 |
| GENDELL JEFFREY L added | 1,755,898 | $37M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 1,663,662 | $35M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 1,513,888 | $32M | 0.3% | 2026-Q2 |
| Defilade Capital Management, L.P. new | 1,459,380 | $31M | 0.3% | 2026-Q2 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. added | 1,435,460 | $31M | 0.3% | 2026-Q2 |
| Front Street Capital Management, Inc. trimmed | 1,319,992 | $28M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,287,402 | $27M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 1,127,932 | $24M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 1,119,079 | $24M | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 1,079,923 | $23M | 0.2% | 2026-Q2 |
| Auto-Owners Insurance Co | 1,050,000 | $22M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 1,035,824 | $22M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1,029,431 | $22M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,026,461 | $22M | 0.2% | 2026-Q2 |
| Artisan Partners Limited Partnership trimmed | 1,023,677 | $22M | 0.2% | 2026-Q2 |
| Nuveen, LLC trimmed | 1,013,286 | $22M | 0.2% | 2026-Q2 |
| Legal & General Group Plc added | 974,554 | $21M | 0.2% | 2026-Q2 |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV added | 900,843 | $19M | 0.2% | 2026-Q2 |
| Gotham Asset Management, LLC added | 862,123 | $18M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System added | 840,121 | $18M | 0.2% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 820,729 | $17M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 752,182 | $16M | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 691,167 | $15M | 0.1% | 2026-Q2 |
| O'Keefe Stevens Advisory, Inc. added | 672,101 | $14M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 669,220 | $14M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 667,731 | $14M | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 664,389 | $14M | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 659,668 | $14M | 0.1% | 2026-Q2 |
| Arnhold LLC trimmed | 630,267 | $13M | 0.1% | 2026-Q2 |
| Great Hill Capital LLC added | 609,686 | $13M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 596,639 | $13M | 0.1% | 2026-Q2 |
| QSM Asset Management Ltd | 567,886 | $12M | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 563,491 | $12M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 557,680 | $9M | 0.1% | 2026-Q2 |
| GABELLI FUNDS LLC added | 503,500 | $11M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 502,072 | $11M | 0.1% | 2026-Q2 |
| Verition Fund Management LLC added | 464,280 | $10M | 0.1% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL added | 454,466 | $10M | 0.1% | 2026-Q2 |
| Freestone Grove Partners LP new | 440,951 | $9M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 437,498 | $9M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 427,139 | $9M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 381,553 | $8M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 379,831 | $8M | 0.1% | 2026-Q2 |
| Allianz Asset Management GmbH added | 350,488 | $7M | 0.1% | 2026-Q2 |
| Fiduciary Alliance LLC added | 292,401 | $6M | 0.1% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. trimmed | 289,791 | $6M | 0.1% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 288,347 | $6M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 277,549 | $6M | 0.1% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 274,967 | $6M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 274,520 | $6M | 0.1% | 2026-Q2 |
| Man Group plc added | 271,465 | $6M | 0.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 264,579 | $6M | 0.1% | 2026-Q2 |
| ASSETMARK, INC added | 261,982 | $6M | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 254,880 | $5M | 0.0% | 2026-Q2 |
| Chevy Chase Trust Holdings, LLC trimmed | 249,704 | $5M | 0.0% | 2026-Q2 |
| CONTINENTAL ADVISORS LLC added | 247,127 | $5M | 0.0% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 245,449 | $5M | 0.0% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 245,401 | $5M | 0.0% | 2026-Q2 |
| Jupiter Topco LLC new | 237,683 | $5M | 0.0% | 2026-Q2 |
| GREAT LAKES ADVISORS, LLC added | 237,106 | $5M | 0.0% | 2026-Q2 |
| Hillman Capital Management, Inc. trimmed | 236,032 | $5M | 0.0% | 2026-Q2 |
| BECKER CAPITAL MANAGEMENT INC trimmed | 233,801 | $5M | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 230,761 | $5M | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 227,574 | $5M | 0.0% | 2026-Q2 |
| Saba Capital Management, L.P. trimmed | 224,815 | $5M | 0.0% | 2026-Q2 |
| Quantinno Capital Management LP added | 224,391 | $5M | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.