Vault-13

BAXTER INTL INC BAX

COM · Common Stock · CUSIP 071813109 · ISIN US0718131099

American manufacturer of healthcare goods

1,012 institutional holders
435,097,440435.1m shares reported held*
86.3% of all shares outstanding*
$23.5bnreported value*

* 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.

HolderStakeChangeShares Last filed
PZENA INVESTMENT MANAGEMENT LLC 13G · institution -1.1 pts · filed 2026-04-21 12.7% -1.1 pts 65.3m≈ $1.4bn 2026-04-21
DODGE & COX 13G · institution +1.1 pts · filed 2025-11-13 11.2% +1.1 pts 57.4m≈ $1.2bn 2025-11-13
FMR LLC 13G · institution +1.3 pts · filed 2026-06-05 10.3% +1.3 pts 53.0m≈ $1.1bn 2026-06-05
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 7.4% new 38.0m≈ $810.9m 2026-04-29
BlackRock, Inc. 13G · institution -1.1 pts · filed 2026-04-27 6.4% -1.1 pts 33.1m≈ $705.9m 2026-04-27
BlackRock Portfolio Management LLC 13G · institution -2.8 pts · filed 2026-10-27 5.9% -2.8 pts 30.4m≈ $647.8m 2026-10-27

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)

BuyingSelling
404Q4 20: 0 buyingQ4 20: 0 sellingQ1 21: 0 buyingQ1 21: 0 sellingQ1 21Q2 21: 0 buyingQ2 21: 0 sellingQ3 21: 0 buyingQ3 21: 0 sellingQ3 21Q4 21: 0 buyingQ4 21: 1 sellingQ1 22: 0 buyingQ1 22: 4 sellingQ1 22Q2 22: 0 buyingQ2 22: 3 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20200—0——
Q1 20210—0——
Q2 20210—0——
Q3 20210—0——
Q4 20210—1$1.7m—
Q1 20220—4$5.1m—
Q2 20220—3$689.3k—
Q3 20220—0——

None reported in Q3 2022.

Holders, Q3 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLINGTON MANAGEMENT GROUP LLP 0.68% of their portfolio Boston, MA 58,992,61759.0m $3.2bn $3.2bn 0.68% —
2 BlackRock Inc. 0.08% of their portfolio New York, NY 43,399,21643.4m $2.3bn $2.3bn 0.08% —
3 VANGUARD GROUP INC 0.07% of their portfolio Valley Forge, PA 41,172,40841.2m $2.2bn $2.2bn 0.07% —
4 MORGAN STANLEY 0.22% of their portfolio NEW YORK, NY 29,966,96530.0m $1.6bn $1.6bn 0.22% —
5 STATE STREET CORP 0.07% of their portfolio BOSTON, MA 21,507,88121.5m $1.2bn $1.2bn 0.07% —
6 GENERATION INVESTMENT MANAGEMENT LLP 3.79% of their portfolio London, X0 11,876,04011.9m $639.6m $639.6m 3.79% —
7 GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio BOSTON, MA 9,118,8839.1m $490.6m $490.6m 0.07% —
8 Veritas Asset Management LLP 3.83% of their portfolio London, X0 8,589,4018.6m $462.6m $462.6m 3.83% —
9 Nuveen Asset Management, LLC 0.16% of their portfolio CHICAGO, IL 7,554,7817.6m $406.9m $406.9m 0.16% —
10 NORGES BANK 0.11% of their portfolio OSLO, Q8 7,479,2277.5m $402.8m $402.8m 0.11% —
11 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 7,105,8297.1m $382.4m $382.4m 0.14% —
12 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 6,891,4496.9m $371.2m $371.2m 0.05% —
13 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.44% of their portfolio BLOOMINGTON, IL 6,853,3906.9m $369.1m $369.1m 0.44% —
14 MACQUARIE GROUP LTD 0.44% of their portfolio Sydney, NSW 2000, C3 6,718,5826.7m $361.9m $361.9m 0.44% —
15 Mitsubishi UFJ Asset Management Co., Ltd. 1.15% of their portfolio TOKYO, M0 6,644,0266.6m $357.8m $357.8m 1.15% —
16 MILLENNIUM MANAGEMENT LLC 0.42% of their portfolio NEW YORK, NY 6,298,3296.3m $339.2m $339.2m 0.42% —
17 NORTHERN TRUST CORP 0.07% of their portfolio CHICAGO, IL 6,085,6286.1m $327.8m $327.8m 0.07% —
18 NUANCE INVESTMENTS, LLC 6.51% of their portfolio Kansas City, MO 5,429,7025.4m $292.4m $292.4m 6.51% —
19 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 4,908,0594.9m $264.3m $264.3m 0.04% —
20 NORDEA INVESTMENT MANAGEMENT AB 0.44% of their portfolio STOCKHOLM, V7 4,859,3694.9m $270.4m $270.4m 0.44% —
21 Bank of New York Mellon Corp 0.06% of their portfolio NEW YORK, NY 4,217,5584.2m $227.2m $227.2m 0.06% —
22 Caisse de depot et placement du Quebec 0.57% of their portfolio Montreal, A8 3,624,6663.6m $195.2m $195.2m 0.57% —
23 Legal & General Group Plc 0.08% of their portfolio London, X0 3,622,4003.6m $195.1m $195.1m 0.08% —
24 California Public Employees Retirement System 0.18% of their portfolio Sacramento, CA 3,574,8253.6m $192.5m $192.5m 0.18% —
25 Amundi 0.11% of their portfolio Paris, I0 3,215,4883.2m $185.6m $185.6m 0.11% —
26 TWO SIGMA ADVISERS, LP 0.45% of their portfolio NEW YORK, NY 2,870,8502.9m $154.6m $154.6m 0.45% —
27 Balyasny Asset Management L.P. 0.60% of their portfolio Chicago, IL 2,869,1382.9m $154.5m $154.5m 0.60% —
28 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 2,610,7952.6m $140.7m $140.7m 0.05% —
29 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 2,602,3552.6m $140.2m $140.2m 0.05% —
30 MARSHALL WACE, LLP 0.35% of their portfolio LONDON, X0 2,552,2782.6m $137.5m $137.5m 0.35% —
31 FMR LLC 0.01% of their portfolio BOSTON, MA 2,356,0342.4m $126.9m $126.9m 0.01% —
32 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio NEW YORK, NY 2,286,7172.3m $123.2m $123.2m 0.07% —
33 GLENVIEW CAPITAL MANAGEMENT, LLC 3.08% of their portfolio NEW YORK, NY 2,257,0192.3m $121.6m $121.6m 3.08% —
34 Swiss National Bank 0.08% of their portfolio ZURICH, V8 2,182,0752.2m $117.5m $117.5m 0.08% —
35 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 2,104,5222.1m $113.3m $113.3m 0.04% —
36 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 1,909,5651.9m $115.1m $115.1m 0.06% —
37 Capital International Investors 0.03% of their portfolio Los Angeles, CA 1,895,6961.9m $102.1m $102.1m 0.03% —
38 Haverford Trust Co 1.37% of their portfolio Radnor, PA 1,863,1391.9m $100.3m $100.3m 1.37% —
39 NEW YORK STATE COMMON RETIREMENT FUND 0.14% of their portfolio ALBANY, NY 1,828,4561.8m $98.5m $98.5m 0.14% —
40 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 1,609,6941.6m $86.7m $86.7m 0.05% —
41 CINCINNATI FINANCIAL CORP 2.31% of their portfolio CINCINNATI, OH 1,563,6481.6m $84.2m $84.2m 2.31% —
42 Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio CHIYODA-KU, TOKYO, M0 1,491,5371.5m $80.3m $80.3m 0.07% —
43 COOKE & BIELER LP 0.81% of their portfolio PHILADELPHIA, PA 1,394,2651.4m $75.1m $75.1m 0.81% —
44 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 1,369,5171.4m $73.8m $73.8m 0.09% —
45 RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio ST PETERSBURG, FL 1,348,0741.3m $72.6m $72.6m 0.07% —
46 FIRST TRUST ADVISORS LP 0.09% of their portfolio Wheaton, IL 1,321,4061.3m $71.2m $71.2m 0.09% —
47 PRUDENTIAL FINANCIAL INC 0.12% of their portfolio NEWARK, NJ 1,319,6081.3m $71.1m $71.1m 0.12% —
48 Ceredex Value Advisors LLC 1.15% of their portfolio WINTER PARK, FL 1,306,7131.3m $70.8m $70.8m 1.15% —
49 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 1,260,8831.3m $67.9m $67.9m 0.06% —
50 FIL Ltd 0.09% of their portfolio HAMILTON, D0 1,259,2361.3m $67.8m $67.8m 0.09% —
51 PENSIOENFONDS RAIL & OV 1.95% of their portfolio UTRECHT, P7 1,205,9571.2m $65.3m $65.3m 1.95% —
52 ROTHSCHILD & CO ASSET MANAGEMENT US INC. 1.10% of their portfolio Stamford, CT 1,194,0731.2m $64.3m $64.3m 1.10% —
53 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,179,3761.2m $63.5m $63.5m 0.02% —
54 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,119,0401.1m $60.3m $60.3m 0.03% —
55 EAGLE ASSET MANAGEMENT INC 0.39% of their portfolio ST PETERSBURG, FL 1,103,6351.1m $59.4m $59.4m 0.39% —
56 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 1,065,8871.1m $57.4m $57.4m 0.04% —
57 Thrivent Financial for Lutherans 0.15% of their portfolio Minneapolis, MN 1,005,8521.0m $54.2m $54.2m 0.15% —
58 RHUMBLINE ADVISERS 0.08% of their portfolio BOSTON, MA 956,182956.2k $51.5m $51.5m 0.08% —
59 Bridgewater Associates, LP 0.26% of their portfolio Westport, CT 940,150940.1k $50.6m $50.6m 0.26% —
60 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio BOSTON, MA 888,845888.8k $47.9m $47.9m 0.07% —
61 Aberdeen Group plc 0.14% of their portfolio EDINBURGH, X0 886,711886.7k $47.8m $47.8m 0.14% —
62 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio WEST SACRAMENTO, CA 849,971850.0k $45.8m $45.8m 0.08% —
63 National Pension Service 0.09% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 817,635817.6k $45.2m $45.2m 0.09% —
64 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 784,223784.2k $42.2m $42.2m 0.05% —
65 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 771,138771.1k $41.5m $41.5m 0.01% —
66 Rock Springs Capital Management LP 1.05% of their portfolio Baltimore, MD 755,500755.5k $40.7m $40.7m 1.05% —
67 EVERETT HARRIS & CO /CA/ 0.72% of their portfolio LOS ANGELES, CA 727,668727.7k $39.2m $39.2m 0.72% —
68 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 691,851691.9k $37.3m $37.3m 0.05% —
69 UBS Group AG 0.02% of their portfolio ZURICH, V8 689,463689.5k $37.1m $37.1m 0.02% —
70 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 657,960658.0k $35.4m $35.4m 0.01% —
71 DEPRINCE RACE & ZOLLO INC 0.90% of their portfolio Winter Park, FL 656,297656.3k $35.3m $35.3m 0.90% —
72 Magnetar Financial LLC 0.49% of their portfolio EVANSTON, IL 656,290656.3k $35.3m $35.3m 0.49% —
73 CI INVESTMENTS INC. 0.18% of their portfolio TORONTO, Z4 639,835639.8k $34.5m $34.5m 0.18% —
74 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 624,528624.5k $33.6m $33.6m 0.05% —
75 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 611,121611.1k $32.9m $32.9m 0.03% —
76 Allianz Asset Management GmbH 0.07% of their portfolio MUNICH, 2M 600,510600.5k $32.3m $32.3m 0.07% —
77 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.06% of their portfolio FRANKFURT AM MAIN, 2M 599,252599.3k $32.3m $32.3m 0.06% —
78 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 571,097571.1k $30.8m $30.8m 0.07% —
79 Bartlett & Co. LLC 0.65% of their portfolio CINCINNATI, OH 558,267558.3k $30.2m $30.2m 0.65% —
80 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.65% of their portfolio CINCINNATI, OH 558,267558.3k $30.2m $30.2m 0.65% —
81 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio TALLAHASSEE, FL 558,264558.3k $30.1m $30.1m 0.08% —
82 HSBC HOLDINGS PLC 0.05% of their portfolio LONDON, X0 540,256540.3k $29.6m $29.6m 0.05% —
83 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio ALBANY, NY 536,548536.5k $28.9m $28.9m 0.08% —
84 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 534,931534.9k $28.8m $28.8m 0.01% —
85 CINCINNATI INSURANCE CO 0.66% of their portfolio FAIRFIELD, OH 532,000532.0k $28.7m $28.7m 0.66% —
86 STOREBRAND ASSET MANAGEMENT AS 0.17% of their portfolio LYSAKER, Q8 522,903522.9k $28.2m $28.2m 0.17% —
87 MAIRS & POWER INC 0.35% of their portfolio St Paul, MN 519,187519.2k $28.0m $28.0m 0.35% —
88 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio Boston, MA 513,047513.0k $27.6m $27.6m 0.07% —
89 TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio NEW YORK, NY 498,023498.0k $26.8m $26.8m 0.09% —
90 TOBAM 1.87% of their portfolio PARIS, I0 497,234497.2k $26.8m $26.8m 1.87% —
91 APG Asset Management N.V. 0.07% of their portfolio Amsterdam, P7 491,266491.3k $27.0m $27.0m 0.07% —
92 KINGDON CAPITAL MANAGEMENT, L.L.C. 8.01% of their portfolio NEW YORK, NY 480,500480.5k $25.9m $25.9m 8.01% —
93 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 479,685479.7k $25.8m $25.8m 0.03% —
94 INTECH INVESTMENT MANAGEMENT LLC 0.19% of their portfolio WEST PALM BEACH, FL 478,215478.2k $25.8m $25.8m 0.19% —
95 GLENMEDE TRUST CO NA 0.16% of their portfolio PHILADELPHIA, PA 468,460468.5k $25.2m $25.2m 0.16% —
96 STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio MADISON, WI 460,908460.9k $24.8m $24.8m 0.08% —
97 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 458,288458.3k $25.3m $25.3m 0.03% —
98 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.41% of their portfolio BALA CYNWYD, PA 444,353444.4k $23.9m $23.9m 0.41% —
99 CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio TORONTO ONTARIO, A6 444,133444.1k $23.9m $23.9m 0.04% —
100 COMMERCE BANK 0.21% of their portfolio KANSAS CITY, MO 442,394442.4k $23.8m $23.8m 0.21% —