Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Baxter Intl Inc (BAX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -41
Streak
4Q ▼
Buyers last Q
41%

Smart Money Signals — BAX

Based on 665 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their BAX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 74% of 3.0Y peak

74% of all-time peak
665 funds currently hold this stock — 74% of the 3.0-year high of 895 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 19% fewer funds vs a year ago

fund count last 6Q
155 fewer hedge funds hold BAX compared to a year ago (-19% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 41% buying

281 buying397 selling
Last quarter: 397 funds reduced or exited vs 281 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-27 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 73 → 93 → 114 → 87. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 17% medium ■ 13% new
465 out of 665 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.
📈

Growing discovery — still being found

130 → 73 → 93 → 114 → 87 new funds/Q
New funds entering each quarter: 73 → 93 → 114 → 87. A growing number of institutions are discovering BAX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 75% veterans vs 16% newcomers

■ 75% veterans ■ 9% 1-2yr ■ 16% new
Entry-cohort mix of 690 holders: 516 (75%) are 2+ year veterans, 63 entered 1–2 years ago, and 111 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
64 of 659 holders are among the 100 largest funds by AUM, controlling 61% 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.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — 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.

Institutional Sentiment Summary — BAX

In 2026 Q1, 281 hedge funds were net buyers of BAX (87 opened a new position, 194 added to an existing one), while 397 reduced or exited (269 trimmed, 128 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 61% of total institutional value in BAX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -41 funds (more exits than new entries). Total institutional holders: 665.

What Fund Managers Are Saying About BAX

▲ 1 bullish
Thomas Hayes · Great Hill Capital long 2026-07-30
Defensive healthcare staple, part of rotation into unloved names
▶ Watch on YouTubevia Schwab Network
AI-generated paraphrases of public interviews · informational only, not investment advice · see all manager views

Hedge Fund Ownership: BAX

How many hedge funds hold BAX — quarterly history vs. share price
Quarterly hedge fund ownership of BAX vs. share price

Market Analysis: BAX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BAX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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

Signal Freshness measures how much BAX has moved relative to its sector benchmark (XLV) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 46d ago
BAX
+26.9%
XLV
+5.5%

BAX outperformed XLV by +21.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 1d ago
BAX
+0.0%
XLV
+0.0%

Since the filing became public, BAX outperformed XLV by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

43 top-rated funds 4 high-conviction
Consensus
7.1
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: BAX
2026 Q2 Stats Unlock in 4 days 655 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 655 704 -6.96%
13F Shares 532M 577M -7.71%
Total Value $8.74B $10.65B -17.94%
New Positions 84 114 -30
Increased Positions 187 249 -62
Closed Positions 133 129 +4
Reduced Positions 257 227 +30
Total Calls 16 19 -15.79%
Total Puts 14 14 -
PUT/CALL Ratio 0.88 0.74 Neutral

Statistics: BAX

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Diluted EPS (ttm) --
Total Cash (mrq) --
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Institutional Holders (2026 Q2)

655 + 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:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 BAX holders by conviction (% of portfolio weight) — 2026 Q1 · 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 Timelo Investment Management Inc. 1.02% 167,000 $3.6M
15 Arnhold LLC 0.94% 630,267 $13.4M
16 Avantra Family Wealth, Inc. 0.70% 51,120 $1.1M
17 44 Wealth Management LLC 0.69% 98,330 $2.1M
18 Edmond de Rothschild Holding S.A. 0.68% 2,437,052 $52.0M
19 Unifi Asset Management LP 0.65% 50,193 $959K
20 Dodge & Cox 0.65% 58,386,345 $1.24B
21 Neo Ivy Capital Management 0.59% 120,336 $2.6M
22 Auto-Owners Insurance Co 0.51% 1,050,000 $22.4M
23 Murphy Pohlad Asset Management LLC 0.45% 60,401 $1.3M
24 Camelot Portfolios, LLC 0.45% 29,954 $639K
25 Fiduciary Alliance LLC 0.42% 292,401 $6.2M
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?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their BAX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BAX?

More sellers than buyers — 41% buying: Last quarter: 397 funds reduced or exited vs 281 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BAX holders?

Elite ownership — 61% AUM from top-100 funds: 64 of 659 holders are among the 100 largest funds by AUM, controlling 61% 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: 465 out of 665 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 +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), BAX has gained +26.9% vs +5.5% 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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