Baxter International Inc.
MX ˙ BMV ˙ US0718131099
SecurityMX:BAX / Baxter International Inc.
InstitutionCullinan Associates Inc
Latest Disclosed Ownership13,200 shares
Latest Disclosed Value $ 221,760
Cullinan Associates Inc ownership in BAX / Baxter International Inc.

On May 1, 2026 - Cullinan Associates Inc filed a 13F-HR form disclosing ownership of 13,200 shares of Baxter International Inc. (MX:BAX) valued at $221,760 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 13,200 shares of Baxter International Inc.. This represents a change in shares of 0.00% during the quarter.

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 Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F Baxter Intl COM 071813109 13,200 0 0.00 222 -12.30 0.0179
2026-01-30 2025-12-31 13F Baxter Intl COM 071813109 13,200 0 0.00 252 -16.00 0.0171
2025-10-27 2025-09-30 13F Baxter Intl COM 071813109 13,200 -5,500 -29.41 301 -47.00 0.0196
2025-07-22 2025-06-30 13F Baxter Intl COM 071813109 18,700 0 0.00 566 -11.56 0.0373
2025-04-22 2025-03-31 13F Baxter Intl COM 071813109 18,700 0 0.00 640 17.43 0.0453
2025-01-24 2024-12-31 13F Baxter Intl COM 071813109 18,700 -1,500 -7.43 545 -26.05 0.0350
2024-10-23 2024-09-30 13F Baxter Intl COM 071813109 20,200 0 0.00 738 9.19 0.0416
2024-07-10 2024-06-30 13F Baxter Intl COM 071813109 20,200 -200 -0.98 676 -22.50 0.0382
2024-04-18 2024-03-31 13F Baxter Intl COM 071813109 20,400 0 0.00 872 10.53 0.0489
2024-01-24 2023-12-31 13F Baxter Intl COM 071813109 20,400 0 0.00 789 2.47 0.0440
2023-10-11 2023-09-30 13F Baxter Intl COM 071813109 20,400 0 0.00 770 -17.22 0.0448
2023-07-14 2023-06-30 13F Baxter Intl COM 071813109 20,400 0 0.00 929 12.33 0.0511
2023-04-05 2023-03-31 13F Baxter Intl COM 071813109 20,400 0 0.00 827 82,600.00 0.0483
2023-01-11 2022-12-31 13F Baxter Intl COM 071813109 20,400 2,500 13.97 1 -99.90 0.0576
2022-10-19 2022-09-30 13F Baxter Intl COM 071813109 17,900 -125 -0.69 964 -16.75 0.0609
2022-07-08 2022-06-30 13F Baxter Intl COM 071813109 18,025 0 0.00 1,158 -17.17 0.0708
2022-04-21 2022-03-31 13F Baxter Intl COM 071813109 18,025 -50 -0.28 1,398 -9.92 0.0734
2022-01-07 2021-12-31 13F Baxter Intl COM 071813109 18,075 0 0.00 1,552 6.74 0.0790
2021-10-08 2021-09-30 13F Baxter Intl COM 071813109 18,075 0 0.00 1,454 -0.07 0.0803
2021-07-07 2021-06-30 13F Baxter Intl COM 071813109 18,075 1,500 9.05 1,455 4.08 0.0815
2021-04-20 2021-03-31 13F Baxter Intl COM 071813109 16,575 1,750 11.80 1,398 17.48 0.0804
2021-01-14 2020-12-31 13F Baxter Intl COM 071813109 14,825 14,825 1,190 0.0714
2016-07-01 2016-06-30 13F Baxter Intl COM 071813109 0 -25,195 -100.00 0 -100.00
2016-05-20 2016-03-31 13F Baxter Intl COM 071813109 25,195 -1,600 -5.97 1,035 1.27 0.0884
2016-01-12 2015-12-31 13F Baxter Intl COM 071813109 26,795 -83,200 -75.64 1,022 -71.71 0.0890
2015-10-05 2015-09-30 13F Baxter Intl COM 071813109 109,995 -3,464 -3.05 3,613 -54.46 0.3300
2015-07-06 2015-06-30 13F Baxter Intl COM 071813109 113,459 -13,145 -10.38 7,934 -8.51 0.6544
2015-04-14 2015-03-31 13F Baxter Intl COM 071813109 126,604 4,517 3.70 8,672 -3.07 0.6728
2015-01-21 2014-12-31 13F Baxter Intl Common 071813109 122,087 20,592 20.29 8,947 22.83 0.9470
2014-11-12 2014-09-30 13F Baxter Intl Common 071813109 101,495 41,619 69.51 7,284 75.65 0.8296
2014-08-15 2014-06-30 13F Baxter Intl Common 071813109 59,876 -27,445 -31.43 4,147 -35.46 0.6747
2014-05-08 2014-03-31 13F Baxter Intl Common 071813109 87,321 3,564 4.26 6,425 10.30 0.7307
2014-02-14 2013-12-31 13F Baxter Intl Common 071813109 83,757 -9,850 -10.52 5,825 -5.27 0.6752
2013-10-18 2013-09-30 13F Baxter Intl Common 071813109 93,607 13,165 16.37 6,149 10.36 0.8244
2013-08-13 2013-06-30 13F Baxter Intl Common 071813109 80,442 80,442 5,572 0.7532
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.