Baxter Intl Inc (BAX) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Baxter Intl Inc (BAX) following the 2026 Q2 hedge fund 13F filings?

As of today, BAX has moved -13.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +2.4% for the XLV sector ETF — an outperformance of -15.4%. Since the quarter end (June 30, 2026), BAX gained +9.1% vs +8.0% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Baxter Intl Inc (BAX)

682 + Investors. Track Smart Money conviction in BAX. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — BAX

Based on 699 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added BAX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

📊

High ownership — 79% of 3.0Y peak

79% of all-time peak

699 funds currently hold this stock — 79% of the 3.0-year high of 883 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q

62 fewer hedge funds hold BAX compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟡

Slight buying edge — 56% buying

370 buying286 selling

Last quarter: 370 funds bought or added vs 286 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

📈

More new buyers each quarter (+33 vs last Q)

new funds entering per quarter

Funds opening a new BAX position: 93 → 115 → 87 → 120. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 14% medium ■ 16% new

490 out of 699 hedge funds have held BAX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +38% but shares only +7% — price-driven

Value

+38%

+6%

Last quarter: the total dollar value of institutional holdings rose +38%, but actual share count only changed +7%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

➡️

Steady discovery — ~120 new funds/quarter

73 → 93 → 115 → 87 → 120 new funds/Q

New funds entering each quarter: 93 → 115 → 87 → 120. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 73% veterans vs 17% newcomers

■ 73% veterans ■ 10% 1-2yr ■ 17% new

Entry-cohort mix of 723 holders: 527 (73%) are 2+ year veterans, 74 entered 1–2 years ago, and 122 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds

61 of 690 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in BAX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

2.4

out of 10

Low Exit Risk

Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	682	665	2.56%
13F Shares	562M	538M	4.36%
Total Value	$11.69B	$8.90B	31.3%
New Positions	116	87	+29
Increased Positions	244	188	+56
Closed Positions	90	128	-38
Reduced Positions	193	261	-68
Total Calls	17	16	6.25%
Total Puts	14	14	-
PUT/CALL Ratio	0.82	0.88	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

682

665

2.56%

13F Shares

562M

538M

4.36%

Total Value

$11.69B

$8.90B

31.3%

New Positions

116

+29

Increased Positions

244

188

+56

Closed Positions

128

-38

Reduced Positions

193

261

-68

Total Calls

6.25%

Total Puts

PUT/CALL Ratio

0.82

0.88

Neutral

Institutional Holders (2026 Q2)

682 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BAX. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 BAX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	QSM Asset Management Ltd	6.35%	567,886	$12.3M
2	Defilade Capital Management, L.P.	4.17%	1,459,380	$31.1M
3	Pzena Investment Management LLC	4.09%	65,295,393	$1.39B
4	Investment Management Associates Inc /Adv	3.94%	900,843	$19.2M
5	Hillman Capital Management, Inc.	3.64%	236,032	$5.0M
6	Greenhaven Associates Inc	3.52%	14,285,228	$304.6M
7	Front Street Capital Management, Inc.	3.20%	1,319,992	$28.1M
8	O'Keefe Stevens Advisory, Inc.	2.94%	672,101	$14.3M
9	Equity Investment Corp	2.80%	6,886,265	$146.8M
10	RWC Asset Management LLP	2.69%	3,329,168	$71.0M
11	Continental Advisors LLC	2.22%	247,127	$5.3M
12	First Pacific Advisors, LP	2.01%	7,618,145	$162.4M
13	Steinberg Asset Management LLC	1.80%	136,019	$2.9M
14	Pensioenfonds Rail & Ov	1.24%	628,463	$18.3M
15	Timelo Investment Management Inc.	1.02%	167,000	$3.6M
16	Arnhold LLC	0.94%	630,267	$13.4M
17	Avantra Family Wealth, Inc.	0.70%	51,120	$1.1M
18	44 Wealth Management LLC	0.69%	98,330	$2.1M
19	Edmond de Rothschild Holding S.A.	0.68%	2,437,052	$52.0M
20	Unifi Asset Management LP	0.65%	50,193	$959K
21	Dodge & Cox	0.65%	58,386,345	$1.24B
22	Neo Ivy Capital Management	0.59%	120,336	$2.6M
23	Auto-Owners Insurance Co	0.51%	1,050,000	$22.4M
24	Murphy Pohlad Asset Management LLC	0.45%	60,401	$1.3M
25	Camelot Portfolios, LLC	0.45%	29,954	$639K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Baxter Intl Inc (BAX)

What does the Smart Money Trend signal show for BAX?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BAX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BAX?

Slight buying edge — 56% buying: Last quarter: 370 funds bought or added vs 286 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BAX holders?

Elite ownership — 64% AUM from top-100 funds: 61 of 690 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in BAX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BAX?

70% of holders stayed for 2+ years: 490 out of 699 hedge funds have held BAX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Baxter Intl Inc (BAX) following the 2026 Q2 hedge fund 13F filings?

As of today, BAX has moved -13.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +2.4% for the XLV sector ETF — an outperformance of -15.4%. Since the quarter end (June 30, 2026), BAX has gained +9.1% vs +8.0% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Baxter Intl Inc (BAX)

Smart Money Signals — BAX

Buying streak — 1 quarter in a row

High ownership — 79% of 3.0Y peak

Outflows — 8% fewer funds vs a year ago

Slight buying edge — 56% buying

More new buyers each quarter (+33 vs last Q)

70% of holders stayed for 2+ years

Value +38% but shares only +7% — price-driven

Steady discovery — ~120 new funds/quarter

Veteran-anchored — 73% veterans vs 17% newcomers

Elite ownership — 64% AUM from top-100 funds

Institutional Sentiment Summary — BAX

What Fund Managers Are Saying About BAX

Hedge Fund Ownership: BAX

Market Analysis: BAX

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BAX

Is It Too Late to Buy Baxter Intl Inc (BAX) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: BAX

Statistics: BAX

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

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Frequently Asked Questions — Baxter Intl Inc (BAX)

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