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Baxter International

1,052 hedge funds and large institutions have $28.9B invested in Baxter International in 2018 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 300 increasing their positions, 413 reducing their positions, and 121 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more funds holding in top 10

Funds holding in top 10: 1516 (+1)

3% less first-time investments, than exits

New positions opened: 117 | Existing positions closed: 121

8% less call options, than puts

Call options by funds: $79.5M | Put options by funds: $86.9M

2% less funds holding

Funds holding: 1,0691,052 (-17)

1.62% less ownership

Funds ownership: 84.82%83.2% (-1.6%)

17% less capital invested

Capital invested by funds: $34.9B → $28.9B (-$6.04B)

27% less repeat investments, than reductions

Existing positions increased: 300 | Existing positions reduced: 413

Holders
1,052
Holders Change
-17
Holders Change %
-1.59%
% of All Funds
23.44%
Holding in Top 10
16
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.67%
% of All Funds
0.36%
New
117
Increased
300
Reduced
413
Closed
121
Calls
$79.5M
Puts
$86.9M
Net Calls
-$7.37M
Net Calls Change
-$30.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
26
Wells Fargo
California
$229M -$39M -580,694 -14%
Point72 Asset Management
27
Point72 Asset Management
Connecticut
$223M +$212M +3,154,691 +1,334%
TCIM
28
TIAA CREF Investment Management
New York
$219M -$5.78M -86,030 -3%
Mackenzie Financial
29
Mackenzie Financial
Ontario, Canada
$217M +$38.1M +567,688 +21%
VOYA Investment Management
30
VOYA Investment Management
Georgia
$211M -$34.4M -511,538 -14%
Legal & General Group
31
Legal & General Group
United Kingdom
$192M +$17.5M +260,059 +10%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$179M +$49.7M +740,213 +37%
EVM
33
Eaton Vance Management
Massachusetts
$172M +$34.6M +515,257 +25%
Goldman Sachs
34
Goldman Sachs
New York
$150M -$38.4M -571,519 -20%
Robeco Institutional Asset Management
35
Robeco Institutional Asset Management
Netherlands
$143M -$7.1M -105,724 -5%
Sumitomo Mitsui Trust Group
36
Sumitomo Mitsui Trust Group
Japan
$140M +$19M +283,026 +15%
Swiss National Bank
37
Swiss National Bank
Switzerland
$140M +$1.14M +17,000 +0.8%
Charles Schwab
38
Charles Schwab
California
$133M +$6.37M +94,859 +5%
Deutsche Bank
39
Deutsche Bank
Germany
$133M +$10.7M +159,354 +9%
AL
40
AJO LP
Pennsylvania
$131M -$105M -1,555,563 -44%
UBS AM
41
UBS AM
Illinois
$129M +$9.81M +146,031 +8%
PPA
42
Parametric Portfolio Associates
Washington
$115M +$661K +9,842 +0.6%
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$112M -$6.91M -102,848 -6%
Invesco
44
Invesco
Georgia
$96.7M -$99.8M -1,485,583 -50%
SV
45
Starboard Value
New York
$92.5M +$45.5M +678,000 +93%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$91.1M -$10.4M -154,867 -10%
Los Angeles Capital Management
47
Los Angeles Capital Management
California
$88.3M -$60.5K -900 -0.1%
Prudential Financial
48
Prudential Financial
New Jersey
$87.6M -$26M -386,344 -22%
Federated Hermes
49
Federated Hermes
Pennsylvania
$84.9M -$10.6M -157,465 -11%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$84.7M +$1.7M +25,310 +2%

BAX Hedge Fund Activity: Q4 2018 in Review

1,052 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Baxter International (BAX) for Q4 2018, worth a combined $28.9B — down 17% from $34.9B a quarter earlier.

Sellers outnumbered buyers: 121 funds closed out of BAX and 117 opened new positions — a net loss of 4 holders — while 413 trimmed existing stakes and 300 added.

The largest buyer was Wellington Management Group, adding an estimated $310M. The largest seller was Third Point, cutting an estimated $537M.

  • 1,052 institutional investors held Baxter International (BAX) as of Q4 2018, down from 1,069 in Q3 2018.
  • Funds reported $28.9B of Baxter International stock for Q4 2018, down 17% quarter-over-quarter.
  • 117 funds opened new Baxter International positions in Q4 2018 and 121 closed out, a net change of -4 holders.
  • The largest Baxter International buyer in Q4 2018 was Wellington Management Group, an estimated $310M added.
  • The largest Baxter International seller in Q4 2018 was Third Point, an estimated $537M sold.

Based on aggregated 13F filings for Q4 2018.