Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BAXTER INTL INC (BAX)

689 + 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
↓ -16
Streak
3Q ▼
Buyers last Q
50%

Smart Money Signals — BAX

Based on 664 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 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 — 77% of 3.0Y peak

77% of all-time peak
664 funds currently hold this stock — 77% of the 3.0-year high of 865 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 13% fewer funds vs a year ago

fund count last 6Q
98 fewer hedge funds hold BAX compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

351 buying348 selling
Last quarter: 351 funds bought or added vs 348 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 (+21 vs last Q)

new funds entering per quarter
Funds opening a new BAX position: 123 → 67 → 89 → 110. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

72% of holders stayed for 2+ years

■ 72% conviction (2yr+) ■ 16% medium ■ 12% new
479 out of 664 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.
💎

Buying through price weakness — shares +13%, value -11%

Value
-11%
Shares
+13%
Last quarter: funds added +13% more shares while total portfolio value only changed -11%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~110 new funds/quarter

100 → 123 → 67 → 89 → 110 new funds/Q
New funds entering each quarter: 123 → 67 → 89 → 110. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 75% of holders stayed 2+ years

■ 75% veterans ■ 10% 1-2yr ■ 15% new
Of 689 current holders: 517 (75%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
45 of 664 holders are among the 100 largest funds by AUM, controlling 51% 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.
2.2
out of 10
Low Exit Risk
Exit risk score 2.2/10 — 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.

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

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

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

93 top-rated funds 3 high-conviction
Consensus
8.6
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: BAX
2026 Q1 Stats Unlock in 19 days 689 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 689 709 -2.82%
13F Shares 572M 506M 13.07%
Total Value $10.56B $11.89B -11.18%
New Positions 112 95 +17
Increased Positions 286 280 +6
Closed Positions 133 130 +3
Reduced Positions 245 277 -32
Total Calls 18 17 5.88%
Total Puts 14 17 -17.65%
PUT/CALL Ratio 0.78 1.0 Neutral

Statistics: BAX

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

689 + investors

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

Top 25 institutional holders of BAX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 QSM Asset Management Ltd 4.51% 567,886 $9.2M
2 GREENHAVEN ASSOCIATES INC 3.96% 14,307,688 $240.4M
3 PZENA INVESTMENT MANAGEMENT LLC 3.52% 64,527,823 $1.08B
4 O'Keefe Stevens Advisory, Inc. 2.34% 564,440 $9.5M
5 RWC Asset Management LLP 2.16% 3,077,569 $51.7M
6 Olstein Capital Management, L.P. 1.70% 464,000 $8K
7 Great Hill Capital LLC 1.47% 753,400 $22.6M
8 Lipe & Dalton 1.38% 156,656 $3K
9 Great Hill Capital LLC 0.53% 485,097 $8.1M
10 Auto-Owners Insurance Co 0.37% 1,050,000 $17.6M
11 Murphy Pohlad Asset Management LLC 0.32% 53,666 $902K
12 Argyle Capital Management, LLC 0.32% 57,904 $973K
13 Fiduciary Alliance LLC 0.27% 258,062 $4.5M
14 TSFG, LLC 0.17% 66,269 $1K
15 BCU Wealth Advisors, LLC 0.13% 21,145 $355K
16 Oak Thistle LLC 0.12% 72,542 $1.2M
17 REXFORD CAPITAL INC 0.10% 8,759 $147K
18 INSPIRION WEALTH ADVISORS, LLC 0.10% 47,659 $801K
19 Carnegie Lake Advisors LLC 0.09% 13,550 $228K
20 Premier Path Wealth Partners, LLC 0.07% 33,132 $557K
21 Radnor Capital Management, LLC 0.07% 28,288 $475K
22 Addison Capital Co 0.07% 22,599 $380K
23 Stiles Financial Services Inc 0.06% 11,661 $196K
24 MANNING & NAPIER ADVISORS LLC 0.06% 248,374 $4.2M
25 Leonteq Securities AG 0.06% 94,340 $1.6M
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 — 3 quarters in a row: For 3 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?

Slight buying edge — 50% buying: Last quarter: 351 funds bought or added vs 348 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 — 51% AUM from top-100 funds: 45 of 664 holders are among the 100 largest funds by AUM, controlling 51% 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?

72% of holders stayed for 2+ years: 479 out of 664 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.

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.