BA

BAX BAXTER INTERNATIONAL INC

2026Q2 · CUSIP 071813109 · Sector: Healthcare & Biotech

Piling in

Net holder growth ranks near the top of the market

Funds that own it
690
Institutions that reported holding it to the SEC
Net increase in holders
+29
Last quarter 661 → now 690
How unusual is that
Top 20%
Stronger buying than 84% of US stocks
What the filings say, in one paragraph

690 funds held BAX at the end of 2026Q2, up 29 from the quarter before. That is stronger buying than 84.1% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $11.5B(YoY +5.4%), return on equity is -17.1%. BAX has had 21 buying rushes in its history, and the price moved -1.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=852 2013Q4: holders=905 2014Q1: holders=944 2014Q2: holders=947 2014Q3: holders=960 2014Q4: holders=1017 2015Q1: holders=1033 2015Q2: holders=994 2015Q3: holders=860 2015Q4: holders=861 2016Q1: holders=891 2016Q2: holders=871 2016Q3: holders=869 2016Q4: holders=925 2017Q1: holders=947 2017Q2: holders=967 2017Q3: holders=963 2017Q4: holders=1046 2018Q1: holders=1064 2018Q2: holders=1075 2018Q3: holders=1066 2018Q4: holders=1049 2019Q1: holders=1082 2019Q2: holders=1065 2019Q3: holders=1085 2019Q4: holders=1144 2020Q1: holders=1104 2020Q2: holders=1133 2020Q3: holders=1094 2020Q4: holders=1111 2021Q1: holders=1095 2021Q2: holders=1106 2021Q3: holders=1086 2021Q4: holders=1157 2022Q1: holders=1147 2022Q2: holders=1074 2022Q3: holders=1007 2022Q4: holders=1011 2023Q1: holders=958 2023Q2: holders=979 2023Q3: holders=905 2023Q4: holders=913 2024Q1: holders=935 2024Q2: holders=882 2024Q3: holders=900 2024Q4: holders=828 2025Q1: holders=846 2025Q2: holders=777 2025Q3: holders=738 2025Q4: holders=716 2026Q1: holders=661 2026Q2: holders=690 -134 -67 +0 +67 +134 5949051215 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 21 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20% — —
2025Q1 Top 20% -22.3% -42.8%
2024Q3 Top 20% +2.9% -7.4%
2024Q1 Top 20% +4.3% -7.8%
2023Q2 Top 20% -17.8% -1.2%
2021Q4 Top 10% -15.0% -27.8%
2020Q2 Top 20% -1.3% -6.6%
2019Q4 Top 10% -6.2% -9.9%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
241
Change in large funds
+22
Total value they hold
$11.9B
Funds buying for the first time
110
Funds that sold out entirely
81
Price change that quarter
+45.7%
Funds holding puts (bearish)
14
Funds holding calls (bullish)
17

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
—
EPS (TTM)
$-2.09
EPS YoY
—
Revenue (TTM)
$11.5B
Revenue YoY
+5.4%
Net margin
-9.3%
ROE
-17.1%
Debt ratio
68.8%
FCF (TTM)
—
Dividend (TTM)
$0.20
Quarterly Revenue & EPS
2022-09-30: EPS -5.83 2022-12-31: EPS 0.36 2023-03-31: EPS 0.09 2023-06-30: EPS -0.28 2023-09-30: EPS 4.93 2023-12-31: EPS 0.48 2024-03-31: EPS 0.07 2024-06-30: EPS -0.61 2024-09-30: EPS 0.27 2024-12-31: EPS -1.00 2025-03-31: EPS 0.25 2025-06-30: EPS 0.18 2025-09-30: EPS -0.09 2025-12-31: EPS -2.21 2026-03-31: EPS -0.03 2026-06-30: EPS 0.24 0B 1.9B 3.7B $B -6.41 -0.50 5.42 2022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
6 81 156 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.