Free · no sign-up · Q2 2026

Which funds own BAX

Baxter International, Inc. in the Q2 2026 filings. At least 3 of the 91 current managers on file reported a position, worth $1.4bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 3 managers opened or added against 0 cutting.

Managers holding: 3; at least, of 91 current
Combined value: $1.4bn; as reported
Opened: 1; new this quarter
Added to: 2; already held
Trimmed or sold out: 0; 0 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Dodge & Cox Activist · $191bn book	$1.2bn	0.7%	58,386,345	+$283m+1,131,775	Added
Marshall Wace LLP Quantitative · $127bn book	$104m	0.1%	4,857,267	+$66m+2,590,559	Added
Holocene Advisors LP Long/short equity · $44.4bn book	$57m	0.1%	2,666,396	opened2,666,396	New

Ownership through time

At least 10 of the 95 managers whose filings are on file listed BAX in Q2 2026, against 24 in Q2 2013. 4 managers more than in Q1 2026: 2 started positions; 2 listed it again.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Holocene Advisors LP$57m
Freestone Grove Partners LP$9.4m

Largest increases, by shares

Fidelity (FMR LLC)46,264,804 to 53,913,831 shares+$163m
Holocene Advisors LPnew: 2,666,396 shares+$57m
Marshall Wace LLP2,266,708 to 4,857,267 shares+$55m
Dodge & Cox57,254,570 to 58,386,345 shares+$24m
Freestone Grove Partners LPnew: 440,951 shares+$9.4m

Largest decreases, by shares

Artisan Partners LP4,861,774 to 1,023,677 shares-$82m
Moore Capital Management LP354,556 to 192,227 shares-$3.5m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Dodge & Cox	Q2 2013	$1.8bn	$1.2bn
Fidelity (FMR LLC)	Q2 2013	$2.3bn	$1.1bn
Marshall Wace LLP	Q1 2014	$260m	$104m
Holocene Advisors LP	Q4 2018	$123m	$57m
Artisan Partners LP	Q3 2019	$189m	$22m
Verition Fund Management LLC	Q2 2013	$13m	$9.9m
GAMCO Investors Inc	Q2 2013	$18m	$9.7m
Freestone Grove Partners LP	Q2 2026	$9.4m	$9.4m
Moore Capital Management LP	Q3 2015	$24m	$4.1m
Quantbot Technologies LP	Q1 2014	$9.6m	$2.1m
Wellington Management Group LLP	Q2 2013	$4.3bn	last listed Q4 2022
Third Point LLC	Q2 2015	$2.8bn	last listed Q2 2020
Capital World Investors	Q2 2013	$2.3bn	last listed Q2 2022
Harris Associates LP	Q2 2013	$745m	last listed Q4 2025
T. Rowe Price Associates Inc	Q2 2013	$713m	last listed Q3 2025
Invesco Ltd	Q2 2013	$522m	last listed Q1 2025
AQR Capital Management LLC	Q2 2013	$515m	last listed Q2 2024
Citadel Advisors LLC	Q4 2015	$461m	last listed Q2 2023
Jana Partners	Q3 2015	$413m	last listed Q4 2015
Janus Henderson Group Ltd	Q2 2013	$353m	last listed Q1 2024

What BAX is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BAX →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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