Baxter International Inc.
MX ˙ BMV ˙ US0718131099
SecurityMX:BAX / Baxter International Inc.
InstitutionFirst Manhattan Co
Latest Disclosed Ownership39,267 shares
Latest Disclosed Value $ 660,078
First Manhattan Co reports 16.66% decrease in ownership of BAX / Baxter International Inc.

On May 15, 2026 - First Manhattan Co filed a 13F-HR form disclosing ownership of 39,267 shares of Baxter International Inc. (MX:BAX) valued at $660,078 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 47,117 shares of Baxter International Inc.. This represents a change in shares of -16.66% 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)
2026-05-15 2026-03-31 13F BAXTER INTL COM 071813109 39,267 -7,850 -16.66 660 -26.67 0.0018
2026-02-17 2025-12-31 13F BAXTER INTL COM 071813109 47,117 1,100 2.39 901 -14.69 0.0024
2025-11-14 2025-09-30 13F BAXTER INTL COM 071813109 46,017 -2,036 -4.24 1,056 -27.89 0.0028
2025-08-14 2025-06-30 13F BAXTER INTL COM 071813109 48,053 -7,990 -14.26 1,463 -24.04 0.0041
2025-05-15 2025-03-31 13F BAXTER INTL COM 071813109 56,043 -250 -0.44 1,927 4.84 0.0056
2025-02-14 2024-12-31 13F BAXTER INTL COM 071813109 56,293 -1,060 -1.85 1,838 -16.27 0.0054
2024-11-14 2024-09-30 13F BAXTER INTL COM 071813109 57,353 -900 -1.54 2,194 11.65 0.0065
2024-08-15 2024-06-30 13F/A-1 BAXTER INTL COM 071813109 58,253 4,288 7.95 1,965 -14.79 0.0063
2024-08-14 2024-06-30 13F BAXTER INTL COM 071813109 58,253 4,288 1,965 0.0063
2024-05-15 2024-03-31 13F BAXTER INTL COM 071813109 53,965 -2,145 -3.82 2,306 6.32 0.0075
2024-02-13 2023-12-31 13F BAXTER INTL COM 071813109 56,110 -1,032 -1.81 2,169 0.60 0.0075
2023-11-14 2023-09-30 13F BAXTER INTL COM 071813109 57,142 -3,751 -6.16 2,157 -22.28 0.0080
2023-08-14 2023-06-30 13F BAXTER INTL COM 071813109 60,893 -39,265 -39.20 2,774 -29.25 0.0102
2023-05-15 2023-03-31 13F BAXTER INTL COM 071813109 100,158 -5,279 -5.01 3,921 -24.31 0.0150
2023-02-14 2022-12-31 13F BAXTER INTL COM 071813109 105,437 1,302 1.25 5,181 -4.15 0.0190
2022-11-14 2022-09-30 13F BAXTER INTL COM 071813109 104,135 -550 -0.53 5,404 -16.45 0.0229
2022-08-15 2022-06-30 13F BAXTER INTL COM 071813109 104,685 -1,400 -1.32 6,468 -21.36 0.0261
2022-05-16 2022-03-31 13F BAXTER INTL COM 071813109 106,085 -18,311 -14.72 8,225 -22.97 0.0269
2022-02-14 2021-12-31 13F BAXTER INTL COM 071813109 124,396 -29,976 -19.42 10,678 -14.00 0.0352
2021-11-15 2021-09-30 13F BAXTER INTL COM 071813109 154,372 -54,513 -26.10 12,416 -26.16 0.0457
2021-08-16 2021-06-30 13F BAXTER INTL COM 071813109 208,885 -126,517 -37.72 16,815 -40.56 0.0614
2021-05-14 2021-03-31 13F BAXTER INTL COM 071813109 335,402 13,421 4.17 28,287 9.49 0.1219
2021-02-16 2020-12-31 13F BAXTER INTL COM 071813109 321,981 74,249 29.97 25,835 29.68 0.1236
2020-11-12 2020-09-30 13F BAXTER INTL COMMON 071813109 247,732 137,520 124.78 19,922 109.95 0.1026
2020-08-14 2020-06-30 13F BAXTER INTL COMMON 071813109 110,212 -1,000 -0.90 9,489 5.09 0.0548
2020-05-06 2020-03-31 13F BAXTER INTL COMMON 071813109 111,212 -1,623 -1.44 9,029 -4.30 0.0585
2020-02-13 2019-12-31 13F BAXTER INTL COMMON 071813109 112,835 55,554 96.99 9,435 88.32 0.0473
2019-11-13 2019-09-30 13F BAXTER INTL COMMON 071813109 57,281 191 0.33 5,010 7.17 0.0276
2019-08-16 2019-06-30 13F BAXTER INTL COMMON 071813109 57,090 904 1.61 4,675 2.34 0.0260
2019-04-12 2019-03-31 13F BAXTER INTL COMMON 071813109 56,186 893 1.62 4,568 25.53 0.0264
2019-01-30 2018-12-31 13F BAXTER INTL COMMON 071813109 55,293 -1,300 -2.30 3,639 -16.57 0.0227
2018-10-15 2018-09-30 13F BAXTER INTL COMMON 071813109 56,593 100 0.18 4,362 4.58 0.0232
2018-08-01 2018-06-30 13F BAXTER INTL COMMON 071813109 56,493 0 0.00 4,171 13.53 0.0240
2018-04-20 2018-03-31 13F BAXTER INTL COMMON 071813109 56,493 0 0.00 3,674 0.63 0.0209
2018-01-22 2017-12-31 13F BAXTER INTL COMMON 071813109 56,493 -1,404 -2.42 3,651 0.50 0.0200
2017-10-25 2017-09-30 13F BAXTER INTL COMMON 071813109 57,897 -496 -0.85 3,633 2.77 0.0208
2017-08-10 2017-06-30 13F/A-2 BAXTER INTL COMMON 071813109 58,393 -2,580 -4.23 3,535 11.80 0.0206
2017-08-01 2017-06-30 13F/A-1 BAXTER INTL COMMON 071813109 58,393 0 3,535 0.0206
2017-04-25 2017-03-31 13F/A-1 BAXTER INTL COMMON 071813109 60,973 0 0.00 3,162 16.98 0.0188
2017-04-24 2017-03-31 13F BAXTER INTL COMMON 071813109 64,274 3,059
2017-01-25 2016-12-31 13F BAXTER INTL COMMON 071813109 60,973 -3,301 -5.14 2,703 -11.64 0.0164
2016-10-20 2016-09-30 13F BAXTER INTL COMMON 071813109 64,274 -2,833 -4.22 3,059 0.82 0.0187
2016-07-14 2016-06-30 13F BAXTER INTL COMMON 071813109 67,107 -8,392 -11.12 3,034 -2.16 0.0186
2016-04-22 2016-03-31 13F BAXTER INTL COMMON 071813109 75,499 520 0.69 3,101 8.43 0.0191
2016-01-20 2015-12-31 13F BAXTER INTL COMMON 071813109 74,979 -267 -0.35 2,860 15.74 0.0176
2015-10-26 2015-09-30 13F BAXTER INTL COMMON 071813109 75,246 -1,669 -2.17 2,471 -54.05 0.0159
2015-07-17 2015-06-30 13F BAXTER INTL COMMON 071813109 76,915 -1,150 -1.47 5,378 0.58 0.0318
2015-04-30 2015-03-31 13F BAXTER INTL COMMON 071813109 78,065 -1,070,459 -93.20 5,347 -93.65 0.0308
2015-01-20 2014-12-31 13F BAXTER INTL COMMON 071813109 1,148,524 -37,829 -3.19 84,175 -1.14 0.4766
2014-10-23 2014-09-30 13F BAXTER INTL COMMON 071813109 1,186,353 -105,609 -8.17 85,144 -8.85 0.4952
2014-08-14 2014-06-30 13F/A-1 BAXTER INTL COMMON 071813109 1,291,962 31,142 2.47 93,408 0.69 0.5919
2014-05-16 2014-03-31 13F BAXTER INTL COMMON 071813109 1,260,820 -8,285 -0.65 92,771 5.10 0.6112
2014-02-04 2013-12-31 13F BAXTER INTL COMMON 071813109 1,269,105 -6,808 -0.53 88,266 5.31 0.5834
2013-10-29 2013-09-30 13F BAXTER INTL COMMON 071813109 1,275,913 -900 -0.07 83,814 -9.87 0.5853
2013-08-13 2013-06-30 13F BAXTER INTL COMMON 071813109 1,276,813 1,276,813 92,990 0.6397
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.