BAXTER INTL INC BAX
COM · Common Stock · CUSIP 071813109 · ISIN US0718131099
American manufacturer of healthcare goods
- SectorHealth care
- IndustrySurgical & Medical Instruments & Apparatus
- HeadquartersDeerfield, IL
- Founded1931
- Websitebaxter.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 ($55.2m this quarter). Holder counts are more reliable. Shares outstanding: 504.1m as of 2022-10-20, 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 ≈ $53.96. Options: 23 managers hold calls ($108.3m notional), 25 hold puts ($176.9m).
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $32.4m601.7k shares |
| CITADEL ADVISORS LLC | — | $14.3m266.4k shares |
| PURA VIDA INVESTMENTS, LLC | — | $10.8m200.7k shares |
| CITIGROUP INC | — | $8.6m160.0k shares |
| Parallax Volatility Advisers, L.P. | — | $8.1m150.0k shares |
| MILLENNIUM MANAGEMENT LLC | — | $7.6m140.4k shares |
| SIMPLEX TRADING, LLC | — | $5.5m101.9k shares |
| JANE STREET GROUP, LLC | — | $4.5m83.6k shares |
| Cubist Systematic Strategies, LLC | — | $3.7m68.3k shares |
| Walleye Trading LLC | — | $2.4m44.7k shares |
Biggest puts
| Saba Capital Management, L.P. | — | $40.4m750.0k shares |
| JANE STREET GROUP, LLC | — | $32.1m595.6k shares |
| BANK OF AMERICA CORP /DE/ | — | $21.1m391.8k shares |
| MILLENNIUM MANAGEMENT LLC | — | $14.2m263.6k shares |
| UBS Group AG | — | $14.1m261.9k shares |
| GROUP ONE TRADING LLC | — | $11.0m205.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $10.7m197.9k shares |
| CITADEL ADVISORS LLC | — | $8.3m154.4k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | — | $4.7m86.5k shares |
| WOLVERINE TRADING, LLC | — | $4.0m73.2k 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 |
|---|---|
| PZENA INVESTMENT MANAGEMENT LLC 13G · institution -1.1 pts · filed 2026-04-21 | 12.7% |
| DODGE & COX 13G · institution +1.1 pts · filed 2025-11-13 | 11.2% |
| FMR LLC 13G · institution +1.3 pts · filed 2026-06-05 | 10.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.4% |
| BlackRock, Inc. 13G · institution -1.1 pts · filed 2026-04-27 | 6.4% |
| BlackRock Portfolio Management LLC 13G · institution -2.8 pts · filed 2026-10-27 | 5.9% |
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 2022
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 2020 | 0 | — | 0 | — | — |
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $1.7m | — |
| Q1 2022 | 0 | — | 4 | $5.1m | — |
| Q2 2022 | 0 | — | 3 | $689.3k | — |
| Q3 2022 | 0 | — | 0 | — | — |
None reported in Q3 2022.
Holders, Q3 2022
| Manager | Shares | Change |
|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP 0.68% of their portfolio | 59.0m $3.2bn | — |
| BlackRock Inc. 0.08% of their portfolio | 43.4m $2.3bn | — |
| VANGUARD GROUP INC 0.07% of their portfolio | 41.2m $2.2bn | — |
| MORGAN STANLEY 0.22% of their portfolio | 30.0m $1.6bn | — |
| STATE STREET CORP 0.07% of their portfolio | 21.5m $1.2bn | — |
| GENERATION INVESTMENT MANAGEMENT LLP 3.79% of their portfolio | 11.9m $639.6m | — |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 9.1m $490.6m | — |
| Veritas Asset Management LLP 3.83% of their portfolio | 8.6m $462.6m | — |
| Nuveen Asset Management, LLC 0.16% of their portfolio | 7.6m $406.9m | — |
| NORGES BANK 0.11% of their portfolio | 7.5m $402.8m | — |
| AMERIPRISE FINANCIAL INC 0.14% of their portfolio | 7.1m $382.4m | — |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 6.9m $371.2m | — |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.44% of their portfolio | 6.9m $369.1m | — |
| MACQUARIE GROUP LTD 0.44% of their portfolio | 6.7m $361.9m | — |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.15% of their portfolio | 6.6m $357.8m | — |
| MILLENNIUM MANAGEMENT LLC 0.42% of their portfolio | 6.3m $339.2m | — |
| NORTHERN TRUST CORP 0.07% of their portfolio | 6.1m $327.8m | — |
| NUANCE INVESTMENTS, LLC 6.51% of their portfolio | 5.4m $292.4m | — |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 4.9m $264.3m | — |
| NORDEA INVESTMENT MANAGEMENT AB 0.44% of their portfolio | 4.9m $270.4m | — |
| Bank of New York Mellon Corp 0.06% of their portfolio | 4.2m $227.2m | — |
| Caisse de depot et placement du Quebec 0.57% of their portfolio | 3.6m $195.2m | — |
| Legal & General Group Plc 0.08% of their portfolio | 3.6m $195.1m | — |
| California Public Employees Retirement System 0.18% of their portfolio | 3.6m $192.5m | — |
| Amundi 0.11% of their portfolio | 3.2m $185.6m | — |
| TWO SIGMA ADVISERS, LP 0.45% of their portfolio | 2.9m $154.6m | — |
| Balyasny Asset Management L.P. 0.60% of their portfolio | 2.9m $154.5m | — |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.6m $140.7m | — |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 2.6m $140.2m | — |
| MARSHALL WACE, LLP 0.35% of their portfolio | 2.6m $137.5m | — |
| FMR LLC 0.01% of their portfolio | 2.4m $126.9m | — |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 2.3m $123.2m | — |
| GLENVIEW CAPITAL MANAGEMENT, LLC 3.08% of their portfolio | 2.3m $121.6m | — |
| Swiss National Bank 0.08% of their portfolio | 2.2m $117.5m | — |
| Invesco Ltd. 0.04% of their portfolio | 2.1m $113.3m | — |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 1.9m $115.1m | — |
| Capital International Investors 0.03% of their portfolio | 1.9m $102.1m | — |
| Haverford Trust Co 1.37% of their portfolio | 1.9m $100.3m | — |
| NEW YORK STATE COMMON RETIREMENT FUND 0.14% of their portfolio | 1.8m $98.5m | — |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.6m $86.7m | — |
| CINCINNATI FINANCIAL CORP 2.31% of their portfolio | 1.6m $84.2m | — |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 1.5m $80.3m | — |
| COOKE & BIELER LP 0.81% of their portfolio | 1.4m $75.1m | — |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 1.4m $73.8m | — |
| RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio | 1.3m $72.6m | — |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 1.3m $71.2m | — |
| PRUDENTIAL FINANCIAL INC 0.12% of their portfolio | 1.3m $71.1m | — |
| Ceredex Value Advisors LLC 1.15% of their portfolio | 1.3m $70.8m | — |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 1.3m $67.9m | — |
| FIL Ltd 0.09% of their portfolio | 1.3m $67.8m | — |
| PENSIOENFONDS RAIL & OV 1.95% of their portfolio | 1.2m $65.3m | — |
| ROTHSCHILD & CO ASSET MANAGEMENT US INC. 1.10% of their portfolio | 1.2m $64.3m | — |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.2m $63.5m | — |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.1m $60.3m | — |
| EAGLE ASSET MANAGEMENT INC 0.39% of their portfolio | 1.1m $59.4m | — |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 1.1m $57.4m | — |
| Thrivent Financial for Lutherans 0.15% of their portfolio | 1.0m $54.2m | — |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 956.2k $51.5m | — |
| Bridgewater Associates, LP 0.26% of their portfolio | 940.1k $50.6m | — |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 888.8k $47.9m | — |
| Aberdeen Group plc 0.14% of their portfolio | 886.7k $47.8m | — |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 850.0k $45.8m | — |
| National Pension Service 0.09% of their portfolio | 817.6k $45.2m | — |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 784.2k $42.2m | — |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 771.1k $41.5m | — |
| Rock Springs Capital Management LP 1.05% of their portfolio | 755.5k $40.7m | — |
| EVERETT HARRIS & CO /CA/ 0.72% of their portfolio | 727.7k $39.2m | — |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 691.9k $37.3m | — |
| UBS Group AG 0.02% of their portfolio | 689.5k $37.1m | — |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 658.0k $35.4m | — |
| DEPRINCE RACE & ZOLLO INC 0.90% of their portfolio | 656.3k $35.3m | — |
| Magnetar Financial LLC 0.49% of their portfolio | 656.3k $35.3m | — |
| CI INVESTMENTS INC. 0.18% of their portfolio | 639.8k $34.5m | — |
| CITIGROUP INC 0.05% of their portfolio | 624.5k $33.6m | — |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 611.1k $32.9m | — |
| Allianz Asset Management GmbH 0.07% of their portfolio | 600.5k $32.3m | — |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.06% of their portfolio | 599.3k $32.3m | — |
| 1832 Asset Management L.P. 0.07% of their portfolio | 571.1k $30.8m | — |
| Bartlett & Co. LLC 0.65% of their portfolio | 558.3k $30.2m | — |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.65% of their portfolio | 558.3k $30.2m | — |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 558.3k $30.1m | — |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 540.3k $29.6m | — |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 536.5k $28.9m | — |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 534.9k $28.8m | — |
| CINCINNATI INSURANCE CO 0.66% of their portfolio | 532.0k $28.7m | — |
| STOREBRAND ASSET MANAGEMENT AS 0.17% of their portfolio | 522.9k $28.2m | — |
| MAIRS & POWER INC 0.35% of their portfolio | 519.2k $28.0m | — |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 513.0k $27.6m | — |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 498.0k $26.8m | — |
| TOBAM 1.87% of their portfolio | 497.2k $26.8m | — |
| APG Asset Management N.V. 0.07% of their portfolio | 491.3k $27.0m | — |
| KINGDON CAPITAL MANAGEMENT, L.L.C. 8.01% of their portfolio | 480.5k $25.9m | — |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 479.7k $25.8m | — |
| INTECH INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 478.2k $25.8m | — |
| GLENMEDE TRUST CO NA 0.16% of their portfolio | 468.5k $25.2m | — |
| STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio | 460.9k $24.8m | — |
| TD Asset Management Inc 0.03% of their portfolio | 458.3k $25.3m | — |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.41% of their portfolio | 444.4k $23.9m | — |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 444.1k $23.9m | — |
| COMMERCE BANK 0.21% of their portfolio | 442.4k $23.8m | — |