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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
BlackRock
1
BlackRock
New York
$2.55B -$43.6M -648,948 -2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$2.45B +$57.7M +859,604 +2%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$2.12B +$310M +4,612,168 +17%
TP
4
Third Point
New York
$1.84B -$537M -8,000,000 -22%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$1.58B -$356M -5,295,461 -18%
State Street
6
State Street
Massachusetts
$1.53B -$27.9M -415,076 -2%
Morgan Stanley
7
Morgan Stanley
New York
$964M +$274M +4,081,561 +39%
Ameriprise
8
Ameriprise
Minnesota
$716M +$171M +2,549,819 +31%
Northern Trust
9
Northern Trust
Illinois
$567M +$9.17M +136,476 +2%
Norges Bank
10
Norges Bank
Norway
$549M +$62.1M +924,152 +12%
VAM
11
Veritas Asset Management
United Kingdom
$512M +$202M +3,005,289 +63%
State Farm Mutual Automobile Insurance
12
State Farm Mutual Automobile Insurance
Illinois
$451M
Geode Capital Management
13
Geode Capital Management
Massachusetts
$423M +$20M +297,006 +5%
Harris Associates
14
Harris Associates
Illinois
$368M -$82.3M -1,225,220 -18%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$355M -$37.3M -555,029 -9%
Aberdeen Group
16
Aberdeen Group
United Kingdom
$342M -$35.6M -529,276 -9%
AQR Capital Management
17
AQR Capital Management
Connecticut
$336M -$106M -1,575,377 -24%
Janus Henderson Group
18
Janus Henderson Group
United Kingdom
$317M +$33.3M +495,440 +11%
Lazard Asset Management
19
Lazard Asset Management
New York
$295M +$301M +4,480,454 +140,674%
Bank of America
20
Bank of America
North Carolina
$290M +$6.6M +98,228 +2%
Bessemer Group
21
Bessemer Group
New Jersey
$278M +$27.7M +412,214 +11%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$265M -$18.4M -273,864 -6%
Caisse de Depot et Placement du Quebec (CDPQ)
23
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$244M +$241M +3,581,900 +2,927%
JIM
24
Jupiter Investment Management
United Kingdom
$233M -$2.7M -40,186 -1%
Allianz Asset Management
25
Allianz Asset Management
Germany
$232M -$40.8M -607,247 -15%

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.