Baxter International: which funds bought and sold

Institutions that bought and sold Baxter International shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 341 institutions that filed 13F reports for both quarters added to or opened positions in Baxter International, and 267 cut or closed them. Together they added a net 23.4M shares, +4.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 12.0M shares (+5.6%); index fund managers were net buyers of 4.7M shares (+2.5%). 92 opened a new position and 74 sold out entirely.

Bought, Q2 2026 341 institutions, 92 of them new holders Sold, Q2 2026 267 institutions, 74 of them sold out

Net change, all compared +23.4M shares (+4.4%)

Net change, active managers +12.0M shares (+5.6%), 24 bought, 26 sold

Buyers versus sellers

institutions compared, 743

341 bought 135 267 sold

Active managers and hedge funds 24 bought · 26 sold · +12.0M

Index fund managers 12 bought · 0 sold · +4.7M

Other institutions 305 bought · 241 sold · +6.7M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	+7.6M +16.5%	53.9M	$1.1B
UBS Group AG	+5.2M +120.6%	9.5M	$203M
Goldman Sachs Group Inc	+3.3M +84.8%	7.2M	$152M
Holocene Advisors, LP Hedge fund	+2.7M New position	2.7M	$56.8M
Marshall Wace, LLP Hedge fund	+2.6M +114.3%	4.9M	$104M
Blackrock, Inc. Index funds	+2.4M +3.1%	81.8M	$1.7B
Defilade Capital Management, L.P.	+1.5M New position	1.5M	$31.1M
AQR Capital Management LLC Hedge fund	+1.4M +258.7%	1.9M	$41.3M
Dodge & Cox Active manager	+1.1M +2.0%	58.4M	$1.2B
Natixis Advisors, LLC	+1.0M +79.6%	2.3M	$49.4M
Jones Financial Companies LLLP	+930K +63.0%	2.4M	$53M
First Pacific Advisors, LP Active manager	+917K +13.7%	7.6M	$162M
Pzena Investment Management LLC Active manager	+768K +1.2%	65.3M	$1.4B
State Street Corp Index funds	+621K +3.1%	20.6M	$439M
Bank Of New York Mellon Corp	+568K +21.7%	3.2M	$68M
Northern Trust Corp Index funds	+517K +11.9%	4.9M	$104M
Equity Investment Corp	+516K +8.1%	6.9M	$147M
Gotham Asset Management, LLC Hedge fund	+500K +138.4%	862K	$18.4M
Verition Fund Management LLC Hedge fund	+442K +2024.9%	464K	$9.9M
Freestone Grove Partners LP Hedge fund	+441K New position	441K	$9.4M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	+7.6M +16.5%	53.9M	$1.1B
Holocene Advisors, LP Hedge fund	+2.7M New position	2.7M	$56.8M
Marshall Wace, LLP Hedge fund	+2.6M +114.3%	4.9M	$104M
AQR Capital Management LLC Hedge fund	+1.4M +258.7%	1.9M	$41.3M
Dodge & Cox Active manager	+1.1M +2.0%	58.4M	$1.2B
First Pacific Advisors, LP Active manager	+917K +13.7%	7.6M	$162M
Pzena Investment Management LLC Active manager	+768K +1.2%	65.3M	$1.4B
Gotham Asset Management, LLC Hedge fund	+500K +138.4%	862K	$18.4M
Verition Fund Management LLC Hedge fund	+442K +2024.9%	464K	$9.9M
Freestone Grove Partners LP Hedge fund	+441K New position	441K	$9.4M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Artisan Partners Limited Partnership Active manager	−3.8M −78.9%	1.0M	$21.8M
Millennium Management LLC Hedge fund	−1.7M −99.4%	10K	$214,948
Pale Fire Capital Se	−1.6M Sold out	0	—
Callodine Capital Management, LP	−1.2M −91.8%	108K	$2.3M
Citadel Advisors LLC Hedge fund	−1.1M −82.8%	223K	$4.7M
Morgan Stanley	−988K −13.4%	6.4M	$136M
Invesco Ltd.	−759K −5.8%	12.4M	$264M
Susquehanna International Group, LLP	−620K −61.9%	382K	$8.1M
Olstein Capital Management, L.P.	−464K Sold out	0	—
Jane Street Group, LLC	−396K −96.7%	13K	$284,217
Swedbank AB	−393K Sold out	0	—
Thompson Siegel & Walmsley LLC	−379K −12.6%	2.6M	$55.8M
Sciencast Management LP	−321K Sold out	0	—
Dimensional Fund Advisors LP	−320K −5.4%	5.6M	$120M
Jpmorgan Chase & Co	−284K −10.7%	2.4M	$52.6M
Squarepoint Ops LLC Hedge fund	−279K −91.7%	25K	$540,249
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC	−256K −14.4%	1.5M	$32.3M
APG Asset Management N.V.	−248K Sold out	0	—
BNP Paribas Financial Markets	−245K −12.8%	1.7M	$35.5M
Sei Investments Co	−238K −26.2%	669K	$14.3M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Artisan Partners Limited Partnership Active manager	−3.8M −78.9%	1.0M	$21.8M
Millennium Management LLC Hedge fund	−1.7M −99.4%	10K	$214,948
Citadel Advisors LLC Hedge fund	−1.1M −82.8%	223K	$4.7M
Squarepoint Ops LLC Hedge fund	−279K −91.7%	25K	$540,249
Moore Capital Management, LP Hedge fund	−162K −45.8%	192K	$4.1M
LSV Asset Management Active manager	−146K −3.6%	3.9M	$83.5M
Neuberger Berman Group LLC Active manager	−92K −27.3%	245K	$5.2M
Worldquant Millennium Advisors LLC Hedge fund	−71K Sold out	0	—
Jain Global LLC Hedge fund	−70K Sold out	0	—
Brevan Howard Capital Management LP Hedge fund	−57K −46.1%	67K	$1.4M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Holocene Advisors, LPHedge fund	2.7M	$56.8M
Defilade Capital Management, L.P.	1.5M	$31.1M
Freestone Grove Partners LPHedge fund	441K	$9.4M
SG Americas Securities, LLC	340K	$7.2M
Adage Capital Partners Gp, L.L.C.Hedge fund	288K	$6.1M
Easterly Investment Partners LLC	180K	$3.8M
Lbp Am SA	171K	$3.6M
Y-Intercept (Hong Kong) Ltd	168K	$3.6M
Steinberg Asset Management LLC	136K	$2.9M
Mariner, LLC	114K	$2.4M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Pale Fire Capital Se	1.6M	$26.6M
Olstein Capital Management, L.P.	464K	$7.8M
Swedbank AB	393K	$6.6M
Sciencast Management LP	321K	$5.4M
APG Asset Management N.V.	248K	$3.6M
Brookstone Capital Management	164K	$2.7M
Tredje Ap-Fonden	122K	$2.1M
Atom Investors LP	121K	$2M
Kovack Advisors, Inc.	120K	$2M
Imc-Chicago, LLC	82K	$1.4M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 683
Ten largest holders: 68.0%
Index fund managers: 34.0%
Active managers and hedge funds: 40.4%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	24	26	5	4	+12.0M	+5.6%
Index fund managers	12	0	0	0	+4.7M	+2.5%
Other institutions	305	241	87	70	+6.7M	+5.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Baxter International.

Only managers that filed a holdings report for both quarters are compared (743 here). 24 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

← Back to Baxter International · Insiders · Politicians