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Baxter International
BAX

912 hedge funds and large institutions have $17.9B invested in Baxter International in 2023 Q4 according to their latest regulatory filings, with 125 funds opening new positions, 263 increasing their positions, 377 reducing their positions, and 111 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more call options, than puts

Call options by funds: $277M | Put options by funds: $155M

13% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 111

6% more capital invested

Capital invested by funds: $16.9B → $17.9B (+$979M)

2.7% more ownership

Funds ownership: 88.46% → 91.16% (+2.7%)

0% more funds holding

Funds holding: 909 → 912 (+3)

11% less funds holding in top 10

Funds holding in top 10: 9 → 8 (-1)

30% less repeat investments, than reductions

Existing positions increased: 263 | Existing positions reduced: 377

Holders
912
Holders Change
+3
Holders Change %
+0.33%
% of All Funds
13.3%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.12%
New
125
Increased
263
Reduced
377
Closed
111
Calls
$277M
Puts
$155M
Net Calls
+$122M
Net Calls Change
-$50.7M

Top Buyers

Rank Fund Capital Flow
1
Pzena Investment Management
Pzena Investment Management
New York
+$656M
2
Dodge & Cox
Dodge & Cox
California
+$620M
3
Morgan Stanley
Morgan Stanley
New York
+$147M
4
CCM
Camber Capital Management
Massachusetts
+$70.8M
5
GIM
Generation Investment Management
United Kingdom
+$62.3M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$200M
2
Invesco
Invesco
Georgia
-$146M
3
JP Morgan Chase
JP Morgan Chase
New York
-$130M
4
MF
Magnetar Financial
Illinois
-$91.4M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$90.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
FP
926
Foundry Partners
Minnesota
– -$5.95M -157,752 Closed
SGH
927
Sivik Global Healthcare
Connecticut
– -$4.72M -125,000 Closed
RRAM
928
River Road Asset Management
Kentucky
– -$4.04M -107,179 Closed
Adage Capital Partners
929
Adage Capital Partners
Massachusetts
– -$3.27M -86,720 Closed
AT
930
AMF Tjänstepension
Sweden
– -$3.15M -83,160 Closed
CSS
931
Cubist Systematic Strategies
Connecticut
– -$2.55M -72,107 Closed
Simplex Trading
932
Simplex Trading
Illinois
– -$2.54M -71,660 Closed
FC
933
FORA Capital
Florida
– -$2.12M -56,084 Closed
Kayne Anderson Rudnick Investment Management
934
Kayne Anderson Rudnick Investment Management
California
– -$2.1M -55,552 Closed
BPC
935
Banque Pictet & Cie
Switzerland
– -$1.88M -49,763 Closed
ECM
936
Element Capital Management
New York
– -$1.72M -45,459 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
937
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$1.57M -41,559 Closed
CM
938
Caption Management
Oklahoma
– -$1.15M -30,520 Closed
SC
939
Savoie Capital
Illinois
– -$1.13M -30,000 Closed
LA
940
Legacy Advisors
Pennsylvania
– -$1.11M -29,205 Closed
QIM
941
Quantitative Investment Management
Virginia
– -$894K -23,694 Closed
SPA
942
Sherbrooke Park Advisers
New York
– -$852K -22,582 Closed
EPFB
943
Employees Provident Fund Board
Malaysia
– -$838K -22,213 Closed
WHCI
944
W.H. Cornerstone Investments
Massachusetts
– -$770K -20,414 Closed
OTL
945
Oak Thistle LLC
New York
– -$748K -19,808 Closed
P
946
Pitcairn
Pennsylvania
– -$623K -16,502 Closed
OQS
947
Occudo Quantitative Strategies
Florida
– -$618K -16,363 Closed
FHC
948
First Heartland Consultants
Missouri
– -$615K -16,287 Closed
SKK
949
Shepherd Kaplan Krochuk
Massachusetts
– -$608K -16,105 Closed
HSA
950
HBK Sorce Advisory
Pennsylvania
– -$603K -15,986 Closed
36 37
38
39 40

BAX Hedge Fund Activity: Q4 2023 in Review

912 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Baxter International (BAX) for Q4 2023, worth a combined $17.9B — up 5.8% from $16.9B a quarter earlier.

Buyers outnumbered sellers: 125 funds opened new BAX positions and 111 closed out — a net gain of 14 holders — while 263 added to existing stakes and 377 trimmed.

The largest buyer was Pzena Investment Management, adding an estimated $656M. The largest seller was BlackRock, cutting an estimated $200M.

  • 912 institutional investors held Baxter International (BAX) as of Q4 2023, up from 909 in Q3 2023.
  • Funds reported $17.9B of Baxter International stock for Q4 2023, up 5.8% quarter-over-quarter.
  • 125 funds opened new Baxter International positions in Q4 2023 and 111 closed out, a net change of +14 holders.
  • The largest Baxter International buyer in Q4 2023 was Pzena Investment Management, an estimated $656M added.
  • The largest Baxter International seller in Q4 2023 was BlackRock, an estimated $200M sold.

Based on aggregated 13F filings for Q4 2023.