L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 5 Feb 2026
Managers listing it
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 10 listed it in both
Shares listed
125,948,603
combined, among listed positions
Reported value
$2.4bn
combined, at the quarter end

Among the 92 comparable managers: 20 buyers (opened or added shares) and 12 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +10,559,705.

Managers listing BAX in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

30 of 30 holders

ActionFiling
Dodge & Cox56,999,970$1.1bn0.59%Trimmed-396,40013 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)34,811,770$665munder 0.1%Added+20,239,85317 Feb 2026 (the filing on sec.gov)
Invesco Ltd11,861,392$227munder 0.1%Added+3,156,48619 Feb 2026 (the filing on sec.gov)
Harris Associates LP8,445,832$161m0.20%Trimmed-26,64217 Feb 2026 (the filing on sec.gov)
Artisan Partners LP4,757,942$91m0.14%Trimmed-256,05317 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,710,233$33m0.11%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,156,466$22munder 0.1%Trimmed-735,90717 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc761,411$15munder 0.1%Trimmed-12,690,88117 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC759,907$15munder 0.1%Added+427,51213 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC603,295$12munder 0.1%Added+315,35317 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP577,749$11m0.16%Added+115,18317 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP575,523$11munder 0.1%Trimmed-40,55017 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP503,628$9.6m0.08%Added+199,33917 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP413,340$7.9munder 0.1%Trimmed-616,24817 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc391,250$7.5m0.07%Added+35,3005 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC338,706$6.5munder 0.1%Trimmed-15,29127 Oct 2026 (the filing on sec.gov)
Verition Fund Management LLC243,228$4.6munder 0.1%Added+181,23013 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP210,800$4.0munder 0.1%Added+30,29013 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.146,045$2.8munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP145,000$2.8munder 0.1%Added+65,00013 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP112,911$2.2munder 0.1%Added+9,31617 Feb 2026 (the filing on sec.gov)
Winton Group Ltd90,158$1.7m0.06%Added+40,03111 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP79,755$1.5munder 0.1%Trimmed-161,08017 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC77,375$1.5munder 0.1%Added+66,90613 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd51,216$978kunder 0.1%Added+1,02217 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
9 in Q3 2024 to 10 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BAX by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201325$5.0bnn.a.n.a.
Q3 201321$4.0bnn.a.n.a.
Q4 201318$2.9bnn.a.n.a.
Q1 201419$2.4bnn.a.n.a.
Q2 201422$2.6bnn.a.n.a.
Q3 201418$2.3bnn.a.n.a.
Q4 201415$2.2bnn.a.n.a.
Q1 201522$2.5bnn.a.n.a.
Q2 201521$2.8bnn.a.n.a.
Q3 201522$4.2bnn.a.n.a.
Q4 201526$5.0bnn.a.n.a.
Q1 201627$5.2bnn.a.n.a.
Q2 201623$5.4bnn.a.n.a.
Q3 201625$5.4bnn.a.n.a.
Q4 201626$5.0bnn.a.n.a.
Q1 201727$5.6bnn.a.n.a.
Q2 201725$6.6bnn.a.n.a.
Q3 201726$6.7bnn.a.n.a.
Q4 201731$7.3bnn.a.n.a.
Q1 201832$8.2bnn.a.n.a.
Q2 201829$9.5bnn.a.n.a.
Q3 201824$9.9bnn.a.n.a.
Q4 201826$7.7bnn.a.n.a.
Q1 201926$8.6bnn.a.n.a.
Q2 201923$7.8bnn.a.n.a.
Q3 201924$7.6bnn.a.n.a.
Q4 201926$7.1bnn.a.n.a.
Q1 202029$6.3bnn.a.n.a.
Q2 202029$5.7bnn.a.n.a.
Q3 202029$4.9bnn.a.n.a.
Q4 202023$6.3bnn.a.n.a.
Q1 202119$7.5bnn.a.n.a.
Q2 202127$7.0bnn.a.n.a.
Q3 202124$6.6bnn.a.n.a.
Q4 202121$6.9bnn.a.n.a.
Q1 202226$6.5bnn.a.n.a.
Q2 202219$5.3bnn.a.n.a.
Q3 202216$4.3bnn.a.n.a.
Q4 202223$3.2bnn.a.n.a.
Q1 202326$2.4bnn.a.n.a.
Q2 202324$2.7bnn.a.n.a.
Q3 202317$2.3bnn.a.n.a.
Q4 202315$2.8bn710
Q1 202415$3.1bn78
Q2 202412$2.3bn95
Q3 20249$3.2bn63
Q4 20248$2.6bn44
Q1 20259$3.3bn63
Q2 20258$2.8bn72
Q3 202511$2.0bn83
Q4 20259$2.1bn2012
Q1 20266$1.9bn1417
Q2 202610$2.6bn1512

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

BAX and LLY →BAX and JNJ →BAX and VRTX →Choose a stock to compare with BAX →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own BAX, latest filings →Back to the 13F Explorer →