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 ($75.0m this quarter). Holder counts are more reliable. Shares outstanding: 990.1m as of 2025-01-22, 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 ≈ $41.06. Options: 34 managers hold calls ($223.5m notional), 36 hold puts ($250.6m).
Trends to Q4 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 |
| Q4 2024 | 894 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 459 | 345 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $140.9m | $168.9m | 1.20 |
| Q2 2024 | $122.0m | $127.7m | 1.05 |
| Q3 2024 | $189.4m | $243.8m | 1.29 |
| Q4 2024 | $223.5m | $250.6m | 1.12 |
Biggest buyers
| NEUBERGER BERMAN GROUP LLC | Added | +3.2m |
| CONGRESS ASSET MANAGEMENT CO | New | +2.6m |
| UBS Group AG | Added | +2.6m |
| D. E. Shaw & Co., Inc. | Added | +2.3m |
| FMR LLC | Added | +1.7m |
| MORGAN STANLEY | Added | +1.6m |
| NORTHERN TRUST CORP | Added | +1.6m |
| NORGES BANK | Added | +1.5m |
| ROYAL BANK OF CANADA | Added | +1.5m |
| Qube Research & Technologies Ltd | New | +1.4m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -62.0m |
| Clearbridge Investments, LLC | Reduced | -4.3m |
| FIL Ltd | Reduced | -3.5m |
| DEUTSCHE BANK AG\ | Reduced | -2.6m |
| BlackRock, Inc. | Reduced | -2.6m |
| STATE STREET CORP | Reduced | -2.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.8m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Reduced | -1.7m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.7m |
| Cartenna Capital, LP | Sold out | -1.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $33.3m811.8k shares |
| CITIGROUP INC | Added | $26.6m648.0k shares |
| JPMORGAN CHASE & CO | Reduced | $25.4m619.9k shares |
| CITADEL ADVISORS LLC | Added | $19.7m481.3k shares |
| UBS Group AG | Unchanged | $14.3m347.6k shares |
| BANK OF AMERICA CORP /DE/ | New | $12.6m307.2k shares |
| JANE STREET GROUP, LLC | Reduced | $11.1m271.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $10.8m264.3k shares |
| IMC-Chicago, LLC | Added | $9.9m241.3k shares |
| PEAK6 LLC | First filing | $9.5m231.2k shares |
Biggest puts
| CITIGROUP INC | Added | $43.7m1.1m shares |
| CITADEL ADVISORS LLC | Added | $26.9m656.0k shares |
| JANE STREET GROUP, LLC | Reduced | $20.3m495.7k shares |
| UBS Group AG | Added | $19.2m467.9k shares |
| NOMURA HOLDINGS INC | Unchanged | $17.6m430.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $16.8m409.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $16.7m407.1k shares |
| Walleye Trading LLC | Added | $12.5m304.5k shares |
| IMC-Chicago, LLC | Added | $11.4m279.1k shares |
| JPMORGAN CHASE & CO | Reduced | $9.8m239.1k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2024 | 0 | — | 1 | $968.0k | $968.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-06 | Buese Nancy EVP & Chief Financial Officer · By trust | Sold plan | $406.9k10.0k shares |
| 2024-10-31 | Buese Nancy EVP & Chief Financial Officer · By trust | Sold plan | $190.1k5.0k shares |
| 2024-10-24 | Buese Nancy EVP & Chief Financial Officer · By trust | Sold plan | $371.0k10.0k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 121.2m $5.0bn | Reduced -347.1k |
| BlackRock, Inc. 0.08% of their portfolio | 94.4m $3.9bn | Reduced -2.6m |
| JPMORGAN CHASE & CO 0.27% of their portfolio | 83.0m $3.4bn | Reduced -62.0m |
| STATE STREET CORP 0.10% of their portfolio | 64.7m $2.7bn | Reduced -2.3m |
| Dodge & Cox 1.09% of their portfolio | 45.7m $1.9bn | Reduced -172.1k |
| Capital World Investors 0.20% of their portfolio | 32.5m $1.3bn | Added +36.8k |
| Capital Research Global Investors 0.23% of their portfolio | 27.7m $1.1bn | Added +177.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 24.5m $1.0bn | Added +465.8k |
| NORGES BANK 0.11% of their portfolio | 20.2m $829.1m | Added +1.5m |
| FIL Ltd 0.61% of their portfolio | 16.0m $657.8m | Reduced -3.5m |
| FMR LLC 0.04% of their portfolio | 15.7m $644.1m | Added +1.7m |
| Amundi 0.21% of their portfolio | 14.1m $612.6m | Reduced -1.1m |
| VICTORY CAPITAL MANAGEMENT INC 0.57% of their portfolio | 14.1m $576.4m | Reduced -192.5k |
| MORGAN STANLEY 0.04% of their portfolio | 13.5m $552.7m | Added +1.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 12.6m $516.7m | Reduced -1.8m |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 11.6m $473.9m | Added +874.3k |
| Invesco Ltd. 0.08% of their portfolio | 10.5m $431.0m | Reduced -114.7k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 10.0m $410.2m | Added +1.6m |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 9.7m $397.5m | Reduced -342.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.26% of their portfolio | 9.2m $378.5m | Reduced -1.7m |
| Nuveen Asset Management, LLC 0.11% of their portfolio | 9.2m $377.9m | Reduced -906.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 8.6m $350.9m | Reduced -1.1m |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 7.8m $318.7m | Reduced -2.6m |
| Bank of New York Mellon Corp 0.06% of their portfolio | 7.4m $302.3m | Reduced -1.1m |
| RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio | 7.1m $291.3m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 7.1m $290.7m | Added +135.2k |
| AMERICAN CENTURY COMPANIES INC 0.15% of their portfolio | 6.4m $260.9m | Reduced -1.7m |
| Legal & General Group Plc 0.07% of their portfolio | 6.3m $258.0m | Reduced -423.5k |
| Allspring Global Investments Holdings, LLC 0.37% of their portfolio | 5.5m $230.3m | Added +45.3k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 5.3m $215.5m | Reduced -747.6k |
| UBS Group AG 0.05% of their portfolio | 5.2m $214.3m | Added +2.6m |
| D. E. Shaw & Co., Inc. 0.22% of their portfolio | 4.9m $202.8m | Added +2.3m |
| VAN ECK ASSOCIATES CORP 0.24% of their portfolio | 4.7m $191.3m | Reduced -936.2k |
| AQR CAPITAL MANAGEMENT LLC 0.23% of their portfolio | 4.3m $175.2m | Reduced -89.5k |
| Cardano Risk Management B.V. 2.68% of their portfolio | 4.3m $174.6m | Reduced -322.0k |
| Aberdeen Group plc 0.28% of their portfolio | 3.7m $150.1m | Reduced -245.1k |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 3.3m $136.2m | Added +3.2m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.16% of their portfolio | 3.2m $133.1m | Reduced -264.0k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 3.2m $132.0m | Added +580.5k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 3.2m $131.1m | Added +1.5m |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.26% of their portfolio | 3.1m $128.5m | First filing |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 3.1m $126.1m | Reduced -226.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 2.9m $118.2m | Reduced -54.5k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 2.8m $116.1m | Reduced -751.9k |
| Swiss National Bank 0.08% of their portfolio | 2.8m $115.1m | Reduced -155.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 2.7m $112.6m | Added +826.7k |
| Clearbridge Investments, LLC 0.09% of their portfolio | 2.7m $111.1m | Reduced -4.3m |
| CONGRESS ASSET MANAGEMENT CO 0.72% of their portfolio | 2.6m $107.2m | New |
| BROWN ADVISORY INC 0.13% of their portfolio | 2.5m $101.8m | Reduced -53.9k |
| BARCLAYS PLC 0.05% of their portfolio | 2.4m $98.2m | Reduced -1.3m |
| Intermede Investment Partners Ltd 2.69% of their portfolio | 2.3m $94.9m | Reduced -1.6m |
| CITIGROUP INC 0.09% of their portfolio | 2.3m $94.5m | Reduced -699.2k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 2.2m $88.5m | Reduced -486.8k |
| Empower Advisory Group, LLC 0.29% of their portfolio | 2.1m $86.6m | Added +39.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.21% of their portfolio | 2.1m $84.8m | Added +30.8k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.8m $74.4m | Reduced -323.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.08% of their portfolio | 1.8m $74.6m | Added +83.3k |
| Robeco Institutional Asset Management B.V. 0.14% of their portfolio | 1.8m $72.3m | Reduced -239.4k |
| NATIXIS ADVISORS, LLC 0.13% of their portfolio | 1.7m $70.9m | Added +1.2m |
| TCW GROUP INC 0.58% of their portfolio | 1.7m $69.4m | Added +179.9k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 1.7m $68.7m | Added +39.3k |
| California Public Employees Retirement System 0.05% of their portfolio | 1.7m $68.2m | Reduced -111.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 1.7m $70.7m | Added +124.9k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.6m $66.1m | Added +281.3k |
| Sound Shore Management Inc /CT/ 2.14% of their portfolio | 1.6m $64.8m | Reduced -379.0k |
| STRS OHIO 0.25% of their portfolio | 1.6m $64.2m | Reduced -25.0k |
| Ensign Peak Advisors, Inc 0.11% of their portfolio | 1.5m $62.8m | Added +440.7k |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 1.5m $62.5m | Added +521.2k |
| PANAGORA ASSET MANAGEMENT INC 0.26% of their portfolio | 1.4m $56.6m | Reduced -241.2k |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 1.4m $55.7m | Reduced -25.7k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 1.4m $55.4m | New |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.55% of their portfolio | 1.3m $54.3m | Added +314.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 1.3m $54.2m | Reduced -63.2k |
| ProShare Advisors LLC 0.12% of their portfolio | 1.3m $54.0m | Added +163.8k |
| Encompass Capital Advisors LLC 2.29% of their portfolio | 1.3m $53.3m | Reduced -506.7k |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 1.3m $53.2m | Added +27.0k |
| J. Safra Sarasin Holding AG 0.90% of their portfolio | 1.3m $52.9m | Added +1.2m |
| National Pension Service 0.05% of their portfolio | 1.3m $52.4m | Reduced -85.6k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 1.3m $52.3m | Reduced -193.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 1.2m $47.4m | Reduced -21.4k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 1.2m $47.2m | Added +71.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 1.1m $46.9m | Added +200.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.1m $45.6m | Reduced -327.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 1.1m $45.1m | Added +61.8k |
| GROUPAMA ASSET MANAGMENT 0.88% of their portfolio | 1.1m $43.3m | Added +168.0k |
| Artemis Investment Management LLP 0.62% of their portfolio | 1.1m $43.2m | Added +239.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 1.0m $42.2m | Reduced -44.6k |
| AltraVue Capital, LLC 3.42% of their portfolio | 1,000.0k $41.0m | Unchanged |
| Holocene Advisors, LP 0.13% of their portfolio | 994.0k $40.8m | New |
| SEI INVESTMENTS CO 0.05% of their portfolio | 901.2k $37.0m | Reduced -107.2k |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 882.6k $36.2m | Reduced -926.5k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 862.3k $35.4m | Reduced -1.6m |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 853.1k $35.7m | Added +306.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 832.5k $34.1m | Added +16.7k |
| Mariner, LLC 0.06% of their portfolio | 830.6k $34.1m | Added +17.1k |
| Korea Investment CORP 0.08% of their portfolio | 818.9k $33.6m | Reduced -216.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.08% of their portfolio | 794.4k $32.6m | Added +12.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 790.0k $32.3m | Reduced -202.8k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 782.9k $32.1m | Reduced -53.3k |
| Swedbank AB 0.04% of their portfolio | 746.1k $30.6m | Added +89.6k |