BAKER HUGHES COMPANY BKR
CL A · Common Stock · CUSIP 05722G100 · ISIN US05722G1004
Energy technology company
- SectorIndustrials
- IndustryOil & Gas Field Machinery & Equipment
- HeadquartersHouston, TX
- Founded1987
- Websitebakerhughes.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($36.8m this quarter). Holder counts are more reliable. Shares outstanding: 1.0bn as of 2023-07-13, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $31.58. Options: 22 managers hold calls ($98.6m notional), 21 hold puts ($102.0m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 600 |
| Q4 2022 | 675 |
| Q1 2023 | 684 |
| Q2 2023 | 674 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 343 | 275 |
| Q1 2023 | 359 | 277 |
| Q2 2023 | 325 | 302 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $69.9m | $68.6m | 0.98 |
| Q4 2022 | $77.8m | $93.4m | 1.20 |
| Q1 2023 | $84.5m | $73.6m | 0.87 |
| Q2 2023 | $98.6m | $102.0m | 1.03 |
Biggest buyers
| Dodge & Cox | Added | +9.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +8.3m |
| NORGES BANK | Added | +6.9m |
| BlackRock Inc. | Added | +3.5m |
| Point72 Asset Management, L.P. | Added | +3.1m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.0m |
| JPMORGAN CHASE & CO | Added | +1.5m |
| Man Group plc | New | +1.4m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| VANGUARD GROUP INC | Added | +1.1m |
Biggest sellers
| Capital World Investors | Reduced | -18.5m |
| FMR LLC | Reduced | -18.1m |
| Capital Research Global Investors | Reduced | -9.0m |
| STRS OHIO | Reduced | -4.7m |
| Castle Hook Partners LP | Sold out | -2.0m |
| Holocene Advisors, LP | Reduced | -1.8m |
| INTECH INVESTMENT MANAGEMENT LLC | Reduced | -1.8m |
| Man Group plc | Sold out | -1.5m |
| SAMLYN CAPITAL, LLC | Sold out | -1.3m |
| RWC Asset Management LLP | Reduced | -1.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $28.8m912.1k shares |
| CITADEL ADVISORS LLC | Added | $15.2m481.1k shares |
| JANE STREET GROUP, LLC | Added | $10.6m334.7k shares |
| Walleye Capital LLC | Added | $7.9m248.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $7.8m246.1k shares |
| NOMURA HOLDINGS INC | Reduced | $5.5m175.3k shares |
| BANK OF AMERICA CORP /DE/ | New | $3.9m124.0k shares |
| GROUP ONE TRADING LLC | Added | $3.8m120.1k shares |
| WOLVERINE TRADING, LLC | Added | $2.6m83.7k shares |
| BANK OF MONTREAL /CAN/ | New | $2.5m80.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $37.1m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $15.7m497.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.6m335.2k shares |
| Walleye Capital LLC | Added | $9.4m296.3k shares |
| CITADEL ADVISORS LLC | Reduced | $8.0m252.9k shares |
| Eisler Capital (UK) Ltd. | New | $5.8m182.0k shares |
| GROUP ONE TRADING LLC | Reduced | $4.4m140.6k shares |
| Walleye Trading LLC | Reduced | $1.9m59.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.8m56.5k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.6m51.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 8.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| JPMORGAN CHASE & CO 13G · institution +1.1 pts · filed 2026-07-27 | 6.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $4.2m | — |
| Q1 2022 | 0 | — | 8 | $6.8m | — |
| Q2 2022 | 0 | — | 3 | $7.8m | — |
| Q3 2022 | 1 | $243.9k | 0 | — | — |
| Q4 2022 | 0 | — | 4 | $10.7m | — |
| Q1 2023 | 0 | — | 1 | $303.5k | — |
| Q2 2023 | 0 | — | 2 | $446.3k | $446.3k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-15 | Apostolides James E SVP, Enterprise Op Excellence | Sold plan | $95.6k3.2k shares |
| 2023-05-02 | Camilleri Kurt SVP/Controller/Chief Acctg Off | Sold plan | $350.7k12.3k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 122.9m $3.9bn | Added +1.1m |
| BlackRock Inc. 0.08% of their portfolio | 94.8m $3.0bn | Added +3.5m |
| Capital Research Global Investors 0.77% of their portfolio | 90.9m $2.9bn | Reduced -9.0m |
| Capital World Investors 0.47% of their portfolio | 76.9m $2.4bn | Reduced -18.5m |
| STATE STREET CORP 0.11% of their portfolio | 66.5m $2.1bn | Reduced -1.0m |
| JPMORGAN CHASE & CO 0.19% of their portfolio | 52.6m $1.7bn | Added +1.5m |
| Dodge & Cox 0.93% of their portfolio | 43.9m $1.4bn | Added +9.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 22.2m $700.5m | Added +827.2k |
| FIL Ltd 0.75% of their portfolio | 21.2m $669.8m | Reduced -969.3k |
| Amundi 0.22% of their portfolio | 14.0m $442.1m | Reduced -554.3k |
| FMR LLC 0.04% of their portfolio | 13.8m $435.0m | Reduced -18.1m |
| NORGES BANK 0.08% of their portfolio | 13.3m $420.9m | Added +6.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 11.4m $359.7m | Added +8.3m |
| Bank of New York Mellon Corp 0.07% of their portfolio | 9.9m $311.4m | Reduced -407.3k |
| Aberdeen Group plc 0.71% of their portfolio | 9.6m $303.7m | Added +47.0k |
| ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio | 9.6m $302.5m | Reduced -399.3k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 9.4m $298.3m | Reduced -227.5k |
| MORGAN STANLEY 0.03% of their portfolio | 8.7m $275.0m | Reduced -271.0k |
| DEUTSCHE BANK AG\ 0.14% of their portfolio | 8.5m $269.7m | Added +265.0k |
| AMERICAN CENTURY COMPANIES INC 0.20% of their portfolio | 8.4m $264.4m | Added +216.7k |
| Legal & General Group Plc 0.08% of their portfolio | 7.7m $243.5m | Reduced -164.2k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 7.3m $229.4m | Added +2.0m |
| Invesco Ltd. 0.06% of their portfolio | 7.2m $228.1m | Added +279.6k |
| VAN ECK ASSOCIATES CORP 0.49% of their portfolio | 7.0m $222.7m | Reduced -699.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 6.4m $202.2m | Added +222.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 6.1m $177.4m | Unchanged |
| EAGLE ASSET MANAGEMENT INC 1.04% of their portfolio | 5.9m $187.4m | Reduced -97.3k |
| Allspring Global Investments Holdings, LLC 0.30% of their portfolio | 5.9m $185.7m | Reduced -287.7k |
| Nuveen Asset Management, LLC 0.06% of their portfolio | 5.8m $183.9m | Added +427.1k |
| Clearbridge Investments, LLC 0.16% of their portfolio | 5.6m $177.7m | Added +91.2k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 4.9m $154.9m | Reduced -766.9k |
| Point72 Asset Management, L.P. 0.53% of their portfolio | 4.9m $153.8m | Added +3.1m |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 4.3m $136.4m | Reduced -667.8k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 4.1m $131.0m | Added +1.3m |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 3.9m $122.1m | Added +511.3k |
| Ceredex Value Advisors LLC 1.90% of their portfolio | 3.7m $117.7m | Added +232.3k |
| Swiss National Bank 0.08% of their portfolio | 3.7m $115.5m | Reduced -319.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 3.3m $103.2m | Reduced -6.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 3.1m $98.2m | Reduced -539.0k |
| BROWN ADVISORY INC 0.15% of their portfolio | 3.1m $97.3m | Reduced -31.2k |
| Employees Provident Fund Board 2.29% of their portfolio | 3.1m $96.8m | Added +394.8k |
| BARCLAYS PLC 0.05% of their portfolio | 2.6m $83.1m | Added +577.0k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 2.4m $75.2m | Added +139.5k |
| CITIGROUP INC 0.09% of their portfolio | 2.3m $72.0m | Added +170.4k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.2m $69.8m | Added +355.7k |
| UBS Group AG 0.03% of their portfolio | 2.1m $67.6m | Added +184.6k |
| Sound Shore Management Inc /CT/ 2.46% of their portfolio | 2.1m $66.9m | Reduced -75.1k |
| Zurich Insurance Group Ltd/FI 0.64% of their portfolio | 2.0m $62.0m | Added +198.5k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 1.9m $61.0m | Added +16.1k |
| STRS OHIO 0.25% of their portfolio | 1.9m $60.3m | Reduced -4.7m |
| Empower Advisory Group, LLC 0.26% of their portfolio | 1.9m $60.3m | Added +27.4k |
| CANADA LIFE ASSURANCE Co 0.14% of their portfolio | 1.9m $59.5m | Reduced -137.3k |
| TCW GROUP INC 0.64% of their portfolio | 1.8m $57.5m | Added +357.1k |
| California Public Employees Retirement System 0.05% of their portfolio | 1.8m $57.2m | Reduced -1.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 1.8m $56.9m | Added +73.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio | 1.8m $56.1m | Reduced -231.3k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 1.7m $53.2m | Added +54.2k |
| PANAGORA ASSET MANAGEMENT INC 0.30% of their portfolio | 1.6m $51.7m | Added +821.8k |
| Korea Investment CORP 0.14% of their portfolio | 1.6m $50.2m | Reduced -40.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.5m $47.2m | Reduced -226.9k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 1.5m $46.7m | Reduced -11.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 1.5m $46.4m | Reduced -195.6k |
| Artemis Investment Management LLP 0.59% of their portfolio | 1.5m $46.0m | Added +72.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.4m $45.5m | Added +2.0k |
| Man Group plc 0.14% of their portfolio | 1.4m $44.1m | New |
| SEI INVESTMENTS CO 0.07% of their portfolio | 1.3m $42.4m | Added +119.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 1.3m $41.1m | Reduced -575 |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 1.3m $40.8m | Added +379.7k |
| TRAN CAPITAL MANAGEMENT, L.P. 4.81% of their portfolio | 1.3m $40.7m | Reduced -86.0k |
| National Pension Service 0.06% of their portfolio | 1.3m $39.7m | Reduced -513.8k |
| Madison Asset Management, LLC 0.58% of their portfolio | 1.3m $39.9m | Reduced -10.5k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 1.2m $39.3m | Added +5.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.2m $37.6m | Added +48.8k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.74% of their portfolio | 1.2m $37.3m | Added +98.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 1.2m $37.0m | Reduced -55.9k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 1.1m $35.7m | Added +8.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.17% of their portfolio | 1.1m $33.7m | Added +553.4k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 1.1m $33.4m | Added +771.1k |
| Marathon Asset Management Ltd 0.94% of their portfolio | 1.1m $33.3m | Reduced -118.3k |
| Ensign Peak Advisors, Inc 0.07% of their portfolio | 1.0m $32.6m | Reduced -159.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 1.0m $32.5m | Reduced -60.2k |
| TORONTO DOMINION BANK 0.02% of their portfolio | 1.0m $32.5m | Added +578.7k |
| AltraVue Capital, LLC 3.81% of their portfolio | 1.0m $32.4m | Unchanged |
| ProShare Advisors LLC 0.09% of their portfolio | 1.0m $31.7m | Reduced -64.1k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 993.9k $31.4m | Added +727.6k |
| B. Metzler seel. Sohn & Co. AG 0.41% of their portfolio | 958.7k $30.3m | Reduced -120.6k |
| SCOUT INVESTMENTS, INC. 0.68% of their portfolio | 945.4k $33.6m | Reduced -562.8k |
| Aventail Capital Group, LP 3.02% of their portfolio | 939.4k $29.7m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 929.8k $29.4m | Added +77.4k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 920.9k $29.1m | Added +22.4k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 913.3k $28.8m | Added +55.7k |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.35% of their portfolio | 891.9k $28.2m | Added +224.4k |
| AVIVA PLC 0.11% of their portfolio | 873.4k $27.6m | Reduced -85.8k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 861.6k $27.2m | Reduced -36.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 838.1k $26.5m | Reduced -13.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 821.8k $26.0m | Reduced -58.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 821.3k $26.1m | Reduced -215.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 813.1k $25.7m | Reduced -120.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 808.4k $25.6m | Added +17.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 774.6k $24.5m | Reduced -11.3k |