Baxter International
710 hedge funds and large institutions have $10.5B invested in Baxter International in 2025 Q4 according to their latest regulatory filings, with 112 funds opening new positions, 241 increasing their positions, 236 reducing their positions, and 120 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
8.47% more ownership
Funds ownership: 98.65% → 107.12% (+8.5%)
2% more repeat investments, than reductions
Existing positions increased: 241 | Existing positions reduced: 236
7% less first-time investments, than exits
New positions opened: 112 | Existing positions closed: 120
3% less funds holding
Funds holding: 732 → 710 (-22)
9% less capital invested
Capital invested by funds: $11.5B → $10.5B (-$1.01B)
32% less call options, than puts
Call options by funds: $80.9M | Put options by funds: $120M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$405M |
| 2 |
Pzena Investment Management
New York
|
+$253M |
| 3 |
BlackRock
New York
|
+$139M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$136M |
| 5 |
GA
Greenhaven Associates
Purchase,
New York
|
+$88.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$254M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$86M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$61.8M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$52.6M |
| 5 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$50.1M |
BAX Hedge Fund Activity: Q4 2025 in Review
710 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Baxter International (BAX) for Q4 2025, worth a combined $10.5B — down 8.7% from $11.5B a quarter earlier.
Sellers outnumbered buyers: 120 funds closed out of BAX and 112 opened new positions — a net loss of 8 holders — while 236 trimmed existing stakes and 241 added.
The largest buyer was Fidelity Investments, adding an estimated $405M. The largest seller was T. Rowe Price Associates, cutting an estimated $254M.
- 710 institutional investors held Baxter International (BAX) as of Q4 2025, down from 732 in Q3 2025.
- Funds reported $10.5B of Baxter International stock for Q4 2025, down 8.7% quarter-over-quarter.
- 112 funds opened new Baxter International positions in Q4 2025 and 120 closed out, a net change of -8 holders.
- The largest Baxter International buyer in Q4 2025 was Fidelity Investments, an estimated $405M added.
- The largest Baxter International seller in Q4 2025 was T. Rowe Price Associates, an estimated $254M sold.
Based on aggregated 13F filings for Q4 2025.