Baxter International, Inc. (BAX) — Hedge Fund Ownership Q4 2025
BAX
- Baxter International, Inc. (BAX) is held by 8 of 81 tracked hedge funds, with Pzena Investment Management (4%) and Greenhaven Associates (3%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
- The biggest increases in BAX holdings came from Pzena Investment Management (+22%) and Greenhaven Associates (+70%), highlighting conviction.
- The biggest decreases in BAX holdings came from Dodge & Cox (-1%) and Hillman Capital Management (-11%), suggesting profit-taking or de-risking.
- Overall, hedge funds increased exposure to Baxter International, Inc. (BAX) by +14% vs the prior quarter and +51% vs prior year.
| # | Fund | % of Portfolio † | Shares † | Shares vs Prior Quarter † | Shares vs Prior Year † | Aggregate Value † | Reported Price * | Option |
|---|---|---|---|---|---|---|---|---|
| 1 |
Pzena Investment Management Richard Pzena
|
4.01% | 70.0M | +22.06% | +108.23% | $1.34B | $19.11 | — |
| 2 |
Greenhaven Associates Edgar Wachenheim
|
3.31% | 10.7M | +70.05% | — | $204.3M | $19.11 | — |
| 3 |
Hillman Capital Management Mark Hillman
|
2.54% | 212K | -10.59% | +3.66% | $4.0M | $19.11 | — |
| 4 |
Olstein Capital Management Robert Olstein
|
1.63% | 417K | +14.25% | +27.13% | $8.0M | $19.11 | — |
| 5 |
Dodge & Cox
|
0.59% | 57.0M | -0.69% | +13.15% | $1.09B | $19.11 | — |
| 6 |
Third Avenue Management
|
0.02% | 10K | — | -1.24% | $221,757 | $22.77 | — |
| 7 |
Tweedy, Browne Tweedy, Browne Co LLC
|
0.02% | 10K | — | -1.24% | $221,757 | $22.77 | — |
| 8 |
Mairs & Power
|
0.00% | 25K | -17.66% | -40.29% | $469,265 | $19.11 | — |
| 8 | Total | — | 138.4M | +13.71% | +50.95% | $2.65B | — | — |
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.