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: 989.5m as of 2024-10-16, 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 ≈ $36.21. Options: 35 managers hold calls ($189.4m notional), 33 hold puts ($243.8m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 600 |
| Q4 2022 | 675 |
| Q1 2023 | 684 |
| Q2 2023 | 674 |
| Q3 2023 | 757 |
| Q4 2023 | 769 |
| Q1 2024 | 753 |
| Q2 2024 | 759 |
| Q3 2024 | 790 |
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 |
| Q3 2023 | 410 | 284 |
| Q4 2023 | 372 | 343 |
| Q1 2024 | 375 | 359 |
| Q2 2024 | 368 | 348 |
| Q3 2024 | 412 | 322 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $160.3m | $140.7m | 0.88 |
| Q1 2024 | $140.9m | $168.9m | 1.20 |
| Q2 2024 | $122.0m | $127.7m | 1.05 |
| Q3 2024 | $189.4m | $243.8m | 1.29 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +35.0m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +2.8m |
| Point72 Asset Management, L.P. | Added | +2.2m |
| Encompass Capital Advisors LLC | New | +1.8m |
| Cartenna Capital, LP | New | +1.6m |
| DEUTSCHE BANK AG\ | Added | +1.3m |
| Yaupon Capital Management LP | New | +1.3m |
| MORGAN STANLEY | Added | +1.1m |
| EAGLE ASSET MANAGEMENT INC | Added | +860.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +817.2k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -6.7m |
| Capital World Investors | Reduced | -5.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.0m |
| BARCLAYS PLC | Reduced | -2.8m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -2.1m |
| Employees Provident Fund Board | Reduced | -1.8m |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -1.8m |
| Balyasny Asset Management L.P. | Reduced | -1.7m |
| Qube Research & Technologies Ltd | Sold out | -1.5m |
| FMR LLC | Reduced | -1.4m |
Biggest calls
| JPMORGAN CHASE & CO | Added | $44.8m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $27.4m757.2k shares |
| CITIGROUP INC | New | $18.9m523.0k shares |
| CITADEL ADVISORS LLC | Reduced | $14.0m387.5k shares |
| UBS Group AG | Unchanged | $12.6m347.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.8m299.3k shares |
| JANE STREET GROUP, LLC | Reduced | $10.2m281.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.5m262.4k shares |
| IMC-Chicago, LLC | Added | $6.6m183.2k shares |
| Point72 Asset Management, L.P. | Added | $6.1m169.5k shares |
Biggest puts
| CITIGROUP INC | New | $26.8m740.0k shares |
| BARCLAYS PLC | New | $24.9m689.9k shares |
| JANE STREET GROUP, LLC | Added | $21.2m587.7k shares |
| JPMORGAN CHASE & CO | Added | $17.3m478.2k shares |
| UBS Group AG | Unchanged | $16.5m455.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.3m451.6k shares |
| NOMURA HOLDINGS INC | Unchanged | $15.5m430.0k shares |
| Parallax Volatility Advisers, L.P. | New | $12.6m347.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $11.5m317.6k shares |
| D. E. Shaw & Co., Inc. | Added | $11.1m307.2k 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 Q3 2024
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 |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 4 | $10.7m | — |
| Q1 2023 | 0 | — | 1 | $303.5k | — |
| Q2 2023 | 0 | — | 2 | $446.3k | $446.3k |
| Q3 2023 | 0 | — | 3 | $10.0m | $10.0m |
| Q4 2023 | 0 | — | 1 | $1.0m | $1.0m |
| Q1 2024 | 0 | — | 1 | $294.4k | $294.4k |
| Q2 2024 | 0 | — | 2 | $2.0m | $2.0m |
| Q3 2024 | 0 | — | 1 | $8.4m | $8.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-08 | Simonelli Lorenzo Chairman, President and CEO, director | Sold plan | $4.0m114.3k shares |
| 2024-08-01 | Simonelli Lorenzo Chairman, President and CEO, director | Sold plan | $4.4m114.3k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.21% of their portfolio | 145.0m $5.2bn | Added +35.0m |
| VANGUARD GROUP INC 0.08% of their portfolio | 121.5m $4.4bn | Added +87.6k |
| BlackRock, Inc. 0.07% of their portfolio | 97.0m $3.5bn | First filing |
| STATE STREET CORP 0.10% of their portfolio | 67.0m $2.4bn | Reduced -564.7k |
| Dodge & Cox 0.94% of their portfolio | 45.8m $1.7bn | Reduced -228.7k |
| Capital World Investors 0.18% of their portfolio | 32.5m $1.2bn | Reduced -5.1m |
| Capital Research Global Investors 0.21% of their portfolio | 27.5m $994.5m | Reduced -400.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 24.1m $867.5m | Added +123.2k |
| FIL Ltd 0.64% of their portfolio | 19.5m $705.2m | Added +468.6k |
| NORGES BANK 0.09% of their portfolio | 18.7m $674.8m | Added +342.0k |
| Amundi 0.21% of their portfolio | 15.3m $571.3m | Reduced -668.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 14.4m $521.6m | Reduced -6.7m |
| VICTORY CAPITAL MANAGEMENT INC 0.50% of their portfolio | 14.2m $514.9m | Reduced -229.4k |
| FMR LLC 0.03% of their portfolio | 14.0m $504.6m | Reduced -1.4m |
| MORGAN STANLEY 0.03% of their portfolio | 11.8m $427.8m | Added +1.1m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.31% of their portfolio | 10.9m $394.8m | Added +2.8m |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 10.7m $386.0m | Added +779.9k |
| Invesco Ltd. 0.07% of their portfolio | 10.6m $384.0m | Added +328.2k |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 10.4m $376.1m | Added +1.3m |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 10.1m $365.8m | Reduced -301.8k |
| ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio | 10.0m $362.7m | Added +325.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 9.6m $348.2m | Added +145.5k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 8.5m $306.3m | Reduced -525.9k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 8.4m $305.4m | Reduced -462.3k |
| AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio | 8.0m $291.0m | Reduced -225.4k |
| Clearbridge Investments, LLC 0.20% of their portfolio | 7.0m $253.2m | Added +459.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 7.0m $251.3m | Added +22.4k |
| Legal & General Group Plc 0.06% of their portfolio | 6.7m $242.7m | Added +11.7k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 6.0m $217.0m | Added +366.3k |
| VAN ECK ASSOCIATES CORP 0.26% of their portfolio | 5.6m $207.2m | Reduced -510.9k |
| Allspring Global Investments Holdings, LLC 0.31% of their portfolio | 5.5m $198.7m | Added +572.9k |
| EAGLE ASSET MANAGEMENT INC 1.20% of their portfolio | 5.5m $236.0m | Added +860.2k |
| Cardano Risk Management B.V. 2.93% of their portfolio | 4.6m $165.5m | Added +82.3k |
| AQR CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 4.4m $156.6m | Reduced -2.1m |
| Intermede Investment Partners Ltd 3.14% of their portfolio | 3.9m $142.3m | Reduced -76.0k |
| Aberdeen Group plc 0.26% of their portfolio | 3.9m $141.6m | Reduced -550.2k |
| BARCLAYS PLC 0.06% of their portfolio | 3.7m $132.0m | Reduced -2.8m |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 3.6m $129.3m | Added +288.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.15% of their portfolio | 3.5m $126.8m | Added +383.3k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 3.3m $124.2m | Reduced -181.6k |
| CITIGROUP INC 0.10% of their portfolio | 3.0m $108.6m | Added +266.7k |
| Swiss National Bank 0.07% of their portfolio | 3.0m $107.1m | Reduced -1.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 2.9m $106.1m | Added +62.7k |
| D. E. Shaw & Co., Inc. 0.13% of their portfolio | 2.7m $97.2m | Added +333.5k |
| UBS Group AG 0.03% of their portfolio | 2.7m $96.3m | Reduced -561.4k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 2.6m $95.6m | Reduced -32.3k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.6m $95.4m | Reduced -216.0k |
| BROWN ADVISORY INC 0.12% of their portfolio | 2.5m $91.6m | Added +39.8k |
| Point72 Asset Management, L.P. 0.31% of their portfolio | 2.5m $89.7m | Added +2.2m |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 2.2m $78.0m | Added +21.8k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.1m $77.3m | Reduced -568.4k |
| Empower Advisory Group, LLC 0.25% of their portfolio | 2.1m $74.9m | Added +50.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.18% of their portfolio | 2.0m $73.6m | Reduced -83.3k |
| Robeco Institutional Asset Management B.V. 0.14% of their portfolio | 2.0m $72.4m | Added +780.4k |
| Sound Shore Management Inc /CT/ 2.30% of their portfolio | 2.0m $70.8m | Reduced -455.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 1.9m $69.4m | Added +291.0k |
| CANADA LIFE ASSURANCE Co 0.11% of their portfolio | 1.8m $65.5m | Reduced -49.8k |
| Encompass Capital Advisors LLC 3.18% of their portfolio | 1.8m $65.3m | New |
| California Public Employees Retirement System 0.04% of their portfolio | 1.8m $64.1m | Added +20.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio | 1.7m $62.9m | Added +71.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.7m $60.6m | Added +8.2k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.6m $59.1m | Added +3.2k |
| Cartenna Capital, LP 4.67% of their portfolio | 1.6m $58.7m | New |
| PANAGORA ASSET MANAGEMENT INC 0.28% of their portfolio | 1.6m $58.6m | Reduced -1.8m |
| STRS OHIO 0.22% of their portfolio | 1.6m $57.4m | Reduced -32.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 1.5m $55.4m | Added +113.8k |
| TCW GROUP INC 0.48% of their portfolio | 1.5m $54.7m | Reduced -72.2k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 1.5m $53.1m | Reduced -60.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.4m $52.0m | Added +289.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 1.4m $50.0m | Added +23.7k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 1.4m $50.0m | Added +124.2k |
| National Pension Service 0.05% of their portfolio | 1.4m $49.3m | Added +81.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 1.3m $48.1m | Reduced -3.0m |
| Yaupon Capital Management LP 3.17% of their portfolio | 1.3m $47.3m | New |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 1.3m $45.9m | Added +478.0k |
| Bridgewater Associates, LP 0.25% of their portfolio | 1.2m $44.6m | Added +332.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.2m $42.6m | Added +47.7k |
| ProShare Advisors LLC 0.10% of their portfolio | 1.2m $41.7m | Added +60.5k |
| Ensign Peak Advisors, Inc 0.07% of their portfolio | 1.1m $39.4m | Reduced -118.5k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 1.1m $39.1m | Reduced -309.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 1.1m $38.8m | Added +69 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 1.0m $37.5m | Added +534.6k |
| Korea Investment CORP 0.09% of their portfolio | 1.0m $37.4m | Reduced -184.5k |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.37% of their portfolio | 1.0m $36.5m | First filing |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.0m $36.5m | Reduced -215.1k |
| Man Group plc 0.10% of their portfolio | 1.0m $36.4m | Added +109.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.09% of their portfolio | 1.0m $36.3m | Added +817.2k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 1.0m $36.2m | Reduced -1.7m |
| AltraVue Capital, LLC 3.25% of their portfolio | 1,000.0k $36.1m | Reduced -29.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 992.8k $35.9m | Reduced -60.4k |
| Aventail Capital Group, LP 2.08% of their portfolio | 978.0k $35.4m | Reduced -214.2k |
| Zurich Insurance Group Ltd/FI 0.29% of their portfolio | 949.5k $34.3m | Added +358.8k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 941.9k $34.0m | Reduced -67.1k |
| Alyeska Investment Group, L.P. 0.16% of their portfolio | 891.9k $32.2m | Added +804.4k |
| GROUPAMA ASSET MANAGMENT 0.67% of their portfolio | 889.4k $25.8m | Added +811.7k |
| SIR Capital Management, L.P. 3.00% of their portfolio | 853.6k $30.9m | Added +260.9k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 836.2k $30.2m | Added +100.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 815.8k $29.5m | Reduced -441 |
| Artemis Investment Management LLP 0.45% of their portfolio | 814.2k $29.4m | Added +280.4k |
| Mariner, LLC 0.05% of their portfolio | 813.5k $29.4m | Added +3.0k |