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Baxter International Inc

BAX
Exchange
NYSE
Industry
Surgical & Medical Instruments & Apparatus
SEC CIK
0000010456

No open-market purchases or sales by Baxter International Inc insiders were filed in the last 90 days; 689 institutions reported holding it in 13F filings for Q2 2026, worth $11.9B in total; Greenhaven Associates is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Baxter International Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
711
−8 vs. Q3 2025
Shares held
550.6M
+44.4M (+8.8%) vs. Q3 2025
Total value
$10.5B
−$1.00B (−8.7%) vs. Q3 2025
New holders
112
242 more added
Sold out
120
236 more reduced

14 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BAX on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 711 institutions
Q1 2021: 1,097 institutionsQ2 2021: 1,114 institutionsQ3 2021: 1,093 institutionsQ4 2021: 1,162 institutionsQ1 2022: 1,148 institutionsQ2 2022: 1,075 institutionsQ3 2022: 1,013 institutionsQ4 2022: 1,013 institutionsQ1 2023: 959 institutionsQ2 2023: 985 institutionsQ3 2023: 912 institutionsQ4 2023: 918 institutionsQ1 2024: 941 institutionsQ2 2024: 885 institutionsQ3 2024: 906 institutionsQ4 2024: 829 institutionsQ1 2025: 843 institutionsQ2 2025: 775 institutionsQ3 2025: 733 institutionsQ4 2025: 711 institutionsQ1 2026: 664 institutionsQ2 2026: 689 institutions
Value heldQ4 2025: $10.5B
Q1 2021: $36.8BQ2 2021: $34.6BQ3 2021: $34.4BQ4 2021: $36.8BQ1 2022: $33.5BQ2 2022: $27.8BQ3 2022: $23.6BQ4 2022: $22.2BQ1 2023: $17.9BQ2 2023: $20.1BQ3 2023: $16.9BQ4 2023: $17.7BQ1 2024: $19.6BQ2 2024: $15.2BQ3 2024: $17.8BQ4 2024: $14.1BQ1 2025: $16.8BQ2 2025: $15.1BQ3 2025: $11.5BQ4 2025: $10.5BQ1 2026: $8.88BQ2 2026: $11.9B
Institutions holding BAX and their total value by quarter
QuarterHoldersValue
Q2 2026689$11.9B
Q1 2026664$8.88B
Q4 2025711$10.5B
Q3 2025733$11.5B
Q2 2025775$15.1B
Q1 2025843$16.8B
Q4 2024829$14.1B
Q3 2024906$17.8B
Q2 2024885$15.2B
Q1 2024941$19.6B
Q4 2023918$17.7B
Q3 2023912$16.9B
Q2 2023985$20.1B
Q1 2023959$17.9B
Q4 20221,013$22.2B
Q3 20221,013$23.6B
Q2 20221,075$27.8B
Q1 20221,148$33.5B
Q4 20211,162$36.8B
Q3 20211,093$34.4B
Q2 20211,114$34.6B
Q1 20211,097$36.8B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Baxter International Inc; share changes are against Q3 2025.

Institutions holding BAX in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
First Trust Advisors LP243,469$4.65M0.00%+212,330+681.9%Added
Danske Bank A/S244,128$4.67M0.01%−13,300−5.2%Reduced
Stifel Financial Corp244,775$4.68M0.00%−51,203−17.3%Reduced
Leonteq Securities AG246,217$4.71M0.25%+123,193+100.1%Added
The PNC Financial Services Group, Inc.247,108$4.72M0.00%+12,197+5.2%Added
APG Asset Management N.V.290,459$4.73M0.01%−23,151−7.4%Reduced
Atom Investors LP253,943$4.85M0.39%+253,943New
Universal- Beteiligungs- und Servicegesellschaft mbH253,524$4.93M0.01%−245,389−49.2%Reduced
Chevy Chase Trust Holdings, Inc.260,624$4.98M0.01%−1,501−0.6%Reduced
DekaBank Deutsche Girozentrale126,981$5.67M0.01%00.0%Unchanged
Prudential Financial Inc296,760$5.67M0.01%+948+0.3%Added
Neo Ivy Capital Management307,451$5.88M0.93%+296,943+2,825.9%Added
State of Wisconsin Investment Board318,581$6.09M0.01%−122,641−27.8%Reduced
Manning & Napier Advisors LLC319,516$6.17M0.08%−84,998−21.0%Reduced
Murphy, Middleton, Hinkle & Parker, Inc.158,878$6.27M4.30%+158,878New
Neuberger Berman Group LLC338,706$6.47M0.00%−15,291−4.3%Reduced
QSM Asset Management Ltd340,700$6.51M3.73%+340,700New
Great Hill Capital LLC344,636$6.59M4.54%+151,650+78.6%Added
Becker Capital Management Inc347,788$6.65M0.19%−67,868−16.3%Reduced
Great Lakes Advisors, LLC349,836$6.69M0.05%−40,617−10.4%Reduced
Victory Capital Management Inc354,174$6.77M0.00%+209,771+145.3%Added
Standard Life Aberdeen plc365,915$6.99M0.01%−51,608−12.4%Reduced
South Dakota Investment Council366,744$7.01M0.13%+4,200+1.2%Added
New York State Teachers Retirement System376,368$7.19M0.01%+110.0%Added
Swedbank AB381,391$7.29M0.01%+100,909+36.0%Added
Manufacturers Life Insurance Company, The381,657$7.29M0.01%+1,965+0.5%Added
Tocqueville Asset Management L.P.382,180$7.30M0.11%+382,180New
Gamco Investors, Inc. Et Al391,250$7.48M0.07%+35,300+9.9%Added
Zurcher Kantonalbank (Zurich Cantonalbank)396,980$7.59M0.02%+4,355+1.1%Added
SEI Investments Co409,950$7.83M0.01%−174,299−29.8%Reduced
Susquehanna International Group, LLP413,340$7.90M0.01%−616,248−59.9%Reduced
Olstein Capital Management, L.P.417,000$7.97M1.63%+52,000+14.2%Added
New York State Common Retirement Fund441,542$8.44M0.01%−5,400−1.2%Reduced
Gendell Jeffrey L446,125$8.53M0.15%+446,125New
Adage Capital Partners GP, L.L.C.464,047$8.87M0.01%+146,500+46.1%Added
State Board of Administration of Florida Retirement System469,748$8.98M0.02%−11,270−2.3%Reduced
Front Street Capital Management, Inc.478,664$9.15M1.30%+220,163+85.2%Added
Gabelli Funds LLC495,000$9.46M0.06%−202,000−29.0%Reduced
ExodusPoint Capital Management, LP503,628$9.62M0.11%+199,339+65.5%Added
CIBC Asset Management Inc516,957$9.88M0.02%+80,386+18.4%Added
National Pension Service537,185$10.3M0.01%+106,219+24.6%Added
Principal Financial Group Inc567,210$10.8M0.01%+14,200+2.6%Added
Alliancebernstein L.P.575,523$11.0M0.00%−40,550−6.6%Reduced
Moore Capital Management, LP577,749$11.0M0.23%+115,183+24.9%Added
AQR Capital Management LLC603,295$11.5M0.01%+315,353+109.5%Added
California State Teachers Retirement System609,578$11.6M0.01%−12,601−2.0%Reduced
Parkwood LLC619,824$11.8M1.01%+619,824New
Connor, Clark & Lunn Investment Management Ltd.620,757$11.9M0.03%+339,675+120.8%Added
Arnhold LLC629,267$12.0M0.91%+629,267New
Natixis641,872$12.3M0.05%+641,872New
California Public Employees Retirement System698,995$13.4M0.01%−11,850−1.7%Reduced
Eurizon Capital SGR S.p.A.728,688$13.9M0.04%+728,688New
Wells Fargo & Company746,271$14.3M0.00%−142,162−16.0%Reduced
Invenomic Capital Management LP746,651$14.3M0.69%+379,996+103.6%Added
Squarepoint Ops LLC759,907$14.5M0.03%+427,512+128.6%Added
Price T Rowe Associates Inc761,411$14.6M0.00%−12,690,881−94.3%Reduced
ARGA Investment Management, LP819,011$15.7M0.43%+1220.0%Added
BNP Paribas Arbitrage, SA838,077$16.0M0.01%+8,948+1.1%Added
Royal Bank of Canada860,393$16.4M0.00%−3,088,280−78.2%Reduced
HSBC Holdings PLC885,280$16.9M0.01%+34,286+4.0%Added
Envestnet Asset Management Inc959,101$18.3M0.01%−47,171−4.7%Reduced
Nuveen, LLC984,640$18.8M0.00%−128,400−11.5%Reduced
Auto-Owners Insurance Co1,050,000$20.1M0.42%00.0%Unchanged
Citigroup Inc1,053,231$20.1M0.01%+543,405+106.6%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.1,113,802$21.7M0.01%+120,071+12.1%Added
Rhumbline Advisers1,150,495$22.0M0.02%+10,495+0.9%Added
Citadel Advisors LLC1,156,466$22.1M0.02%−735,907−38.9%Reduced
Bank of Montreal1,168,773$22.3M0.01%+309,002+35.9%Added
Sumitomo Mitsui Trust Holdings, Inc.1,279,452$24.5M0.01%−13,070−1.0%Reduced
Natixis Advisors, L.P.1,281,939$24.5M0.03%−206,403−13.9%Reduced
Swiss National Bank1,341,024$25.6M0.02%−137,965−9.3%Reduced
Barclays PLC1,426,510$27.3M0.01%−76,849−5.1%Reduced
Raymond James Financial Inc1,497,826$28.6M0.01%+71,885+5.0%Added
Callodine Capital Management, LP1,611,166$30.8M2.47%−144,834−8.2%Reduced
Voloridge Investment Management, LLC1,710,233$32.7M0.11%+1,710,233New
SG Americas Securities, LLC1,725,251$33.0M0.04%+1,426,547+477.6%Added
Amundi1,753,840$33.5M0.01%+643,502+58.0%Added
Edmond de Rothschild Holding S.A.1,768,191$33.8M0.48%+124,049+7.5%Added
Pale Fire Capital SE2,074,016$39.6M5.11%+2,074,016New
FIL Ltd2,093,515$40.0M0.03%+346,300+19.8%Added
JPMorgan Chase & Co2,396,019$45.8M0.00%−487,861−16.9%Reduced
Legal & General Group Plc2,434,815$46.5M0.01%−684,043−21.9%Reduced
Deutsche Bank AG2,675,018$51.1M0.02%+479,806+21.9%Added
UBS Asset Management Americas Inc2,893,398$55.3M0.01%−86,749−2.9%Reduced
Goldman Sachs Group Inc2,904,976$55.5M0.01%+1,180,647+68.5%Added
Bank of New York Mellon Corp3,019,502$57.7M0.01%−1,279,777−29.8%Reduced
Nordea Investment Management AB3,102,781$59.7M0.05%−1,051,877−25.3%Reduced
Thompson Siegel & Walmsley LLC3,328,202$63.6M1.07%+356,612+12.0%Added
Russell Investments Group, Ltd.3,410,689$65.2M0.07%+894,761+35.6%Added
Bank of America Corp4,273,415$81.7M0.01%−980,388−18.7%Reduced
LSV Asset Management4,307,693$82.3M0.18%−214,807−4.7%Reduced
Northern Trust Corp4,673,230$89.3M0.01%−8,312−0.2%Reduced
Artisan Partners Limited Partnership4,757,942$90.9M0.14%−256,053−5.1%Reduced
Equity Investment Corp4,896,701$93.6M1.89%+237,151+5.1%Added
Charles Schwab Investment Management Inc5,311,832$101.5M0.02%+267,019+5.3%Added
Dimensional Fund Advisors LP5,770,845$110.3M0.02%+2,288,702+65.7%Added
Lazard Asset Management LLC6,188,011$118.3M0.20%+319,533+5.4%Added
Norges Bank6,191,263$118.3M0.01%+6,191,263New
State Farm Mutual Automobile Insurance Co6,225,060$119.0M0.09%00.0%Unchanged
Harris Associates L PSuperinvestorHarris Associates (Oakmark)8,445,832$161.4M0.20%−26,642−0.3%Reduced