BlackRock, Inc. ownership in BAX / Baxter International Inc.

Baxter International Inc.

MX ˙ BMV ˙ US0718131099

Security	MX:BAX / Baxter International Inc.
Institution	BlackRock, Inc.
Latest Disclosed Ownership	38,621,365 shares
Ownership	7.50%

2025-04-24 - BlackRock, Inc. has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 38,621,365 shares of Baxter International Inc. (MX:BAX). This represents 7.5 percent ownership of the company. In their previous filing dated 2024-01-23 , BlackRock, Inc. had reported owning 59,678,841 shares, indicating a decrease of -35.28 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2025-04-24	2025-04-24	13G/A	59,678,841	38,621,365	-35.28	7.50	-36.44
2024-01-23	2024-01-23	13G/A	50,522,292	59,678,841	18.12	11.80	18.00
2023-01-06	2023-01-06	13G/A	40,110,136	50,522,292	25.96	10.00	25.00
2022-02-01	2022-02-01	13G/A	40,935,083	40,110,136	-2.02	8.00	0.00
2021-01-29	2021-01-29	13G/A	40,935,083	40,935,083	0.00	8.00	0.00
2021-01-29	2021-01-29	13G/A	40,795,426	40,935,083	0.34	8.00	0.00
2020-02-05	2020-02-05	13G/A	38,768,711	40,795,426	5.23	8.00	9.59
2019-02-04	2019-02-04	13G/A	47,382,786	38,768,711	-18.18	7.30	-16.09
2018-01-29	2018-01-29	13G/A	48,741,413	47,382,786	-2.79	8.70	-3.33
2017-01-19	2017-01-19	13G/A	39,122,504	48,741,413	24.59	9.00	25.00
2016-02-10	2016-02-10	13G/A		39,122,504		7.20
2015-02-09	2015-02-09	13G/A		34,216,022		6.30
2014-01-28	2014-01-28	13G		34,866,232		6.40
2013-02-11	2013-02-11	13G/A		27,389,435		4.99
2013-02-08	2013-02-08	13G/A		27,516,759		5.01
2012-02-09	2012-02-09	13G		28,494,785		5.05

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-13	2026-03-31	13F	BAXTER INTL	COM	071813109	79,400,664	-5,383,261	-6.35	1,333,931	-17.67	0.0233
2026-02-12	2025-12-31	13F	BAXTER INTL	COM	071813109	84,783,925	6,956,600	8.94	1,620,221	-8.57	0.0274
2025-11-12	2025-09-30	13F	BAXTER INTL	COM	071813109	77,827,325	10,099,001	14.91	1,772,128	-13.59	0.0310
2025-08-12	2025-06-30	13F	BAXTER INTL	COM	071813109	67,728,324	793,583	1.19	2,050,814	-10.49	0.0390
2025-05-02	2025-03-31	13F	BAXTER INTL	COM	071813109	66,934,741	3,383,549	5.32	2,291,176	23.64	0.0481
2025-02-07	2024-12-31	13F	BAXTER INTL	COM	071813109	63,551,192	1,107,997	1.77	1,853,153	-21.84	0.0375
2024-11-13	2024-09-30	13F	BAXTER INTL	COM	071813109	62,443,195	-591,540	-0.94	2,370,968	12.45	0.0498
2024-08-13	2024-06-30	13F	BAXTER INTL	COM	071813109	63,034,735	2,069,883	3.40	2,108,512	-19.08	0.0477
2024-05-10	2024-03-31	13F	BAXTER INTL	COM	071813109	60,964,852	1,284,984	2.15	2,605,638	12.93	0.0607
2024-02-13	2023-12-31	13F	BAXTER INTL	COM	071813109	59,679,868	-5,665,359	-8.67	2,307,224	-6.44	0.0588
2023-11-13	2023-09-30	13F	BAXTER INTL	COM	071813109	65,345,227	175,912	0.27	2,466,129	-16.94	0.0709
2023-08-11	2023-06-30	13F	BAXTER INTL	COM	071813109	65,169,315	1,705,548	2.69	2,969,114	15.35	0.0818
2023-05-12	2023-03-31	13F	BAXTER INTL	COM	071813109	63,463,767	12,939,670	25.61	2,574,090	-0.04	0.0759
2023-02-13	2022-12-31	13F	BAXTER INTL	COM	071813109	50,524,097	7,124,881	16.42	2,575,213	10.17	0.0807
2022-11-14	2022-09-30	13F	BAXTER INTL	COM	071813109	43,399,216	2,606,813	6.39	2,337,481	-10.79	0.0795
2022-08-12	2022-06-30	13F	BAXTER INTL	COM	071813109	40,792,403	796,268	1.99	2,620,094	-15.52	0.0840
2022-05-12	2022-03-31	13F	BAXTER INTL	COM	071813109	39,996,135	-114,001	-0.28	3,101,300	-9.93	0.0835
2022-02-10	2021-12-31	13F	BAXTER INTL	COM	071813109	40,110,136	1,027,807	2.63	3,443,054	9.53	0.0877
2021-11-09	2021-09-30	13F	BAXTER INTL	COM	071813109	39,082,329	1,389,497	3.69	3,143,391	3.60	0.0880
2021-08-11	2021-06-30	13F	BAXTER INTL	COM	071813109	37,692,832	-2,519,640	-6.27	3,034,273	-10.53	0.0845
2021-05-07	2021-03-31	13F	BAXTER INTL	COM	071813109	40,212,472	-722,611	-1.77	3,391,518	3.25	0.0997
2021-02-05	2020-12-31	13F	BAXTER INTL	COM	071813109	40,935,083	-3,664,866	-8.22	3,284,632	-8.42	0.1048
2020-11-06	2020-09-30	13F	BAXTER INTL	COM	071813109	44,599,949	30,773	0.07	3,586,729	-6.53	0.1324
2020-08-14	2020-06-30	13F	BAXTER INTL	COM	071813109	44,569,176	3,282,047	7.95	3,837,405	14.48	0.1532
2020-05-01	2020-03-31	13F	BAXTER INTL	COM	071813109	41,287,129	491,703	1.21	3,352,103	-1.74	0.1640
2020-02-13	2019-12-31	13F	BAXTER INTL	COM	071813109	40,795,426	-1,920,389	-4.50	3,411,314	-8.70	0.1308
2019-11-08	2019-09-30	13F	BAXTER INTL	COM	071813109	42,715,815	2,126,527	5.24	3,736,353	12.40	0.1569
2019-08-22	2019-06-30	13F/A-1	BAXTER INTL	COM	071813109	40,589,288	560,814	1.40	3,324,263	2.14	0.1422
2019-08-13	2019-06-30	13F	BAXTER INTL	COM	071813109	40,589,288	560,814		3,324,263
2019-05-09	2019-03-31	13F	BAXTER INTL	COM	071813109	40,028,474	1,259,763	3.25	3,254,714	27.55	0.1453
2019-02-08	2018-12-31	13F	BAXTER INTL	COM	071813109	38,768,711	-648,948	-1.65	2,551,757	-16.02	0.1288
2018-11-09	2018-09-30	13F	BAXTER INTL	COM	071813109	39,417,659	-2,346,334	-5.62	3,038,707	-1.46	0.1315
2018-08-09	2018-06-30	13F	BAXTER INTL	COM	071813109	41,763,993	-1,695,889	-3.90	3,083,854	9.10	0.1421
2018-05-09	2018-03-31	13F	BAXTER INTL	COM	071813109	43,459,882	-3,905,488	-8.25	2,826,630	-7.68	0.1351
2018-02-09	2017-12-31	13F	BAXTER INTL	COM	071813109	47,365,370	-1,528,386	-3.13	3,061,698	-0.21	0.1457
2017-11-14	2017-09-30	13F	BAXTER INTL	COM	071813109	48,893,756	1,906,643	4.06	3,068,083	7.86	0.1548
2017-08-10	2017-06-30	13F	BAXTER INTL	COM	071813109	46,987,113	49,404	0.11	2,844,598	16.86	0.1509
2017-05-12	2017-03-31	13F	BAXTER INTL	COM	071813109	46,937,709	44,638,052	1,941.07	2,434,190	2,287.21	0.1336
2017-02-10	2016-12-31	13F	BAXTER INTL	COM	071813109	2,299,657	12,111	0.53	101,968	-6.35	0.1443
2016-11-08	2016-09-30	13F	BAXTER INTL	COM	071813109	2,287,546	311,586	15.77	108,887	21.86	0.1563
2016-08-10	2016-06-30	13F	BAXTER INTL	COM	071813109	1,975,960	576,876	41.23	89,353	55.47	0.1344
2016-05-10	2016-03-31	13F	BAXTER INTL	COM	071813109	1,399,084	-199,474	-12.48	57,473	-5.76	0.0924
2016-02-11	2015-12-31	13F	BAXTER INTL	COM	071813109	1,598,558	244,257	18.04	60,985	37.08	0.0895
2015-11-13	2015-09-30	13F	BAXTER INTL	COM	071813109	1,354,301	1,351,201	43,587.13	44,489	37,602.54	0.0697
2015-08-07	2015-06-30	13F	BAXTER INTL	EX DISTRIB WI	071813141	3,100	-1,478,792	-99.79	118	-99.88	0.0002
2015-08-07	2015-06-30	13F	BAXTER INTL	COM	071813109	2,139,299	657,407		149,602		0.2218
2015-05-13	2015-03-31	13F	BAXTER INTL	COM	071813109	1,481,892	-194,338	-11.59	101,510	-17.37	0.1403
2015-02-09	2014-12-31	13F	BAXTER INTL	COM	071813109	1,676,230	-503,881	-23.11	122,851	-21.48	0.1757
2014-10-29	2014-09-30	13F	BAXTER INTL	COM	071813109	2,180,111	-165,448	-7.05	156,467	-7.74	0.2287
2014-08-06	2014-06-30	13F	BAXTER INTL	COM	071813109	2,345,559	76,696	3.38	169,585	1.58	0.2522
2014-05-02	2014-03-31	13F	BAXTER INTL	COM	071813109	2,268,863	-13,421	-0.59	166,943	5.17	0.2696
2014-02-12	2013-12-31	13F	BAXTER INTL	COM	071813109	2,282,284	402,409	21.41	158,734	28.54	0.2591
2013-11-12	2013-09-30	13F	BAXTER INTL	COM	071813109	1,879,875	-79,947	-4.08	123,489	-9.04	0.2327
2013-08-13	2013-06-30	13F	BAXTER INTL	COM	071813109	1,959,822	1,959,822		135,757		0.2691

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.