Baxter International
771 hedge funds and large institutions have $15.1B invested in Baxter International in 2025 Q2 according to their latest regulatory filings, with 68 funds opening new positions, 265 increasing their positions, 300 reducing their positions, and 127 closing their positions.
136% more call options, than puts
Call options by funds: $119M | Put options by funds: $50.4M
1.09% more ownership
Funds ownership: 95.83% → 96.92% (+1.1%)
8% less funds holding
Funds holding: 840 → 771 (-69)
10% less capital invested
Capital invested by funds: $16.8B → $15.1B (-$1.74B)
12% less repeat investments, than reductions
Existing positions increased: 265 | Existing positions reduced: 300
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
46% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 127
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$77.7M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$59.8M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$50.1M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$50M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$38.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Camber Capital Management
Boston,
Massachusetts
|
-$87.9M |
| 2 |
Parnassus Investments
San Francisco,
California
|
-$78.8M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$53.9M |
| 4 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$45.6M |
| 5 |
Bank of New York Mellon
New York
|
-$30.7M |
BAX Hedge Fund Activity: Q2 2025 in Review
771 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Baxter International (BAX) for Q2 2025, worth a combined $15.1B — down 10% from $16.8B a quarter earlier.
Sellers outnumbered buyers: 127 funds closed out of BAX and 68 opened new positions — a net loss of 59 holders — while 300 trimmed existing stakes and 265 added.
The largest buyer was Pzena Investment Management, adding an estimated $77.7M. The largest seller was Camber Capital Management, cutting an estimated $87.9M.
- 771 institutional investors held Baxter International (BAX) as of Q2 2025, down from 840 in Q1 2025.
- Funds reported $15.1B of Baxter International stock for Q2 2025, down 10% quarter-over-quarter.
- 68 funds opened new Baxter International positions in Q2 2025 and 127 closed out, a net change of -59 holders.
- The largest Baxter International buyer in Q2 2025 was Pzena Investment Management, an estimated $77.7M added.
- The largest Baxter International seller in Q2 2025 was Camber Capital Management, an estimated $87.9M sold.
Based on aggregated 13F filings for Q2 2025.