Baxter International Inc.
MX ˙ BMV ˙ US0718131099
SecurityMX:BAX / Baxter International Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership13,762,965 shares
Latest Disclosed Value $ 230,820,912
Geode Capital Management, Llc reports 1.87% increase in ownership of BAX / Baxter International Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 13,762,965 shares of Baxter International Inc. (MX:BAX) valued at $230,820,912 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 13,510,205 shares of Baxter International Inc.. This represents a change in shares of 1.87% 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 INTERNATIONAL COM 071813109 13,762,965 252,760 1.87 230,821 -10.25 0.0077
2026-02-09 2025-12-31 13F BAXTER INTERNATIONAL COM 071813109 13,510,205 972,891 7.76 257,174 -9.52 0.0159
2025-11-12 2025-09-30 13F BAXTER INTERNATIONAL COM 071813109 12,537,314 -345,646 -2.68 284,244 -26.82 0.0181
2025-08-08 2025-06-30 13F BAXTER INTERNATIONAL COM 071813109 12,882,960 326,652 2.60 388,416 -9.34 0.0272
2025-05-13 2025-03-31 13F BAXTER INTERNATIONAL COM 071813109 12,556,308 109,369 0.88 428,413 18.34 0.0337
2025-02-12 2024-12-31 13F BAXTER INTERNATIONAL COM 071813109 12,446,939 290,279 2.39 362,006 -21.31 0.0281
2024-11-12 2024-09-30 13F BAXTER INTERNATIONAL COM 071813109 12,156,660 170,776 1.42 460,022 15.05 0.0373
2024-08-09 2024-06-30 13F BAXTER INTERNATIONAL COM 071813109 11,985,884 529,974 4.63 399,853 -18.12 0.0351
2024-05-13 2024-03-31 13F BAXTER INTERNATIONAL COM 071813109 11,455,910 368,241 3.32 488,345 14.23 0.0452
2024-02-13 2023-12-31 13F BAXTER INTERNATIONAL COM 071813109 11,087,669 254,357 2.35 427,505 4.79 0.0447
2023-11-13 2023-09-30 13F BAXTER INTERNATIONAL COM 071813109 10,833,312 203,986 1.92 407,953 -15.54 0.0486
2023-08-11 2023-06-30 13F BAXTER INTERNATIONAL COM 071813109 10,629,326 1,658,160 18.48 482,991 33.09 0.0568
2023-05-15 2023-03-31 13F BAXTER INTERNATIONAL COM 071813109 8,971,166 170,213 1.93 362,919 81,089.93 0.0471
2023-02-13 2022-12-31 13F BAXTER INTERNATIONAL COM 071813109 8,800,953 -317,930 -3.49 448 -99.91 0.0628
2022-11-14 2022-09-30 13F BAXTER INTERNATIONAL COM 071813109 9,118,883 113,304 1.26 490,572 -15.02 0.0744
2022-08-12 2022-06-30 13F BAXTER INTERNATIONAL COM 071813109 9,005,579 351,638 4.06 577,305 -13.74 0.0846
2022-05-13 2022-03-31 13F BAXTER INTERNATIONAL COM 071813109 8,653,941 -65,656 -0.75 669,268 -10.35 0.0835
2022-02-11 2021-12-31 13F BAXTER INTERNATIONAL COM 071813109 8,719,597 540,182 6.60 746,523 13.79 0.0899
2021-11-12 2021-09-30 13F BAXTER INTERNATIONAL COM 071813109 8,179,415 450,555 5.83 656,037 5.78 0.0883
2021-08-13 2021-06-30 13F BAXTER INTERNATIONAL COM 071813109 7,728,860 451,813 6.21 620,185 1.37 0.0854
2021-05-12 2021-03-31 13F BAXTER INTERNATIONAL COM 071813109 7,277,047 74,367 1.03 611,791 6.17 0.0936
2021-02-12 2020-12-31 13F BAXTER INTERNATIONAL COM 071813109 7,202,680 128,599 1.82 576,224 1.53 0.0967
2020-11-13 2020-09-30 13F BAXTER INTERNATIONAL COM 071813109 7,074,081 -33,190 -0.47 567,568 -7.05 0.1112
2020-08-13 2020-06-30 13F BAXTER INTERNATIONAL COM 071813109 7,107,271 137,256 1.97 610,633 8.14 0.1306
2020-05-14 2020-03-31 13F BAXTER INTERNATIONAL COM 071813109 6,970,015 -238,563 -3.31 564,651 -6.12 0.1472
2020-02-20 2019-12-31 13F/A-1 BAXTER INTERNATIONAL COM 071813109 7,208,578 238,284 3.42 601,441 -1.19 0.1257
2020-02-13 2019-12-31 13F BAXTER INTERNATIONAL COM 071813109 7,208,578 238,284 601,441 76,648.3820
2019-11-12 2019-09-30 13F BAXTER INTERNATIONAL COM 071813109 6,970,294 530,438 8.24 608,660 15.62 0.1420
2019-08-14 2019-06-30 13F BAXTER INTERNATIONAL COM 071813109 6,439,856 127,598 2.02 526,454 2.77 0.1274
2019-05-14 2019-03-31 13F BAXTER INTERNATIONAL COM 071813109 6,312,258 -131,946 -2.05 512,288 20.99 0.1327
2019-03-06 2018-12-31 13F/A-1 BAXTER INTERNATIONAL COM 071813109 6,444,204 297,006 4.83 423,409 -10.48 0.1309
2019-02-13 2018-12-31 13F BAXTER INTERNATIONAL COM 071813109 6,444,204 297,006 423,409
2018-11-13 2018-09-30 13F BAXTER INTERNATIONAL COM 071813109 6,147,198 107,457 1.78 473,000 6.27 0.1333
2018-08-14 2018-06-30 13F BAXTER INTERNATIONAL COM 071813109 6,039,741 105,418 1.78 445,095 15.59 0.1368
2018-05-15 2018-03-31 13F BAXTER INTERNATIONAL COM 071813109 5,934,323 121,633 2.09 385,077 2.68 0.1255
2018-02-13 2017-12-31 13F BAXTER INTERNATIONAL COM 071813109 5,812,690 247,337 4.44 375,011 7.57 0.1273
2017-11-14 2017-09-30 13F BAXTER INTERNATIONAL COM 071813109 5,565,353 319,805 6.10 348,612 9.95 0.1287
2017-08-14 2017-06-30 13F BAXTER INTERNATIONAL COM 071813109 5,245,548 345,759 7.06 317,060 24.95 0.1247
2017-06-21 2017-03-31 13F/A-1 BAXTER INTL INC COM COM 071813109 4,899,789 553,096 12.72 253,752 31.82 0.1041
2017-05-12 2017-03-31 13F BAXTER INTL INC COM COM 071813109 4,899,789 253,752
2017-02-14 2016-12-31 13F BAXTER INTL INC COM COM 071813109 4,346,693 27,176 0.63 192,495 -6.23 0.0895
2016-11-10 2016-09-30 13F BAXTER INTL INC COM COM 071813109 4,319,517 -60,127 -1.37 205,288 3.84 0.1034
2016-08-12 2016-06-30 13F BAXTER INTL INC COM COM 071813109 4,379,644 4,440 0.10 197,696 10.22 0.1075
2016-05-13 2016-03-31 13F BAXTER INTL INC COM COM 071813109 4,375,204 82,132 1.91 179,363 9.75 0.0952
2016-02-12 2015-12-31 13F BAXTER INTL INC COM COM 071813109 4,293,072 -117,872 -2.67 163,433 13.01 0.0931
2015-11-13 2015-09-30 13F BAXTER INTL INC COM COM 071813109 4,410,944 231,986 5.55 144,619 -9.04 0.0877
2015-08-14 2015-06-30 13F BAXTER INTL INC COM COM 071813109 4,178,958 -40,923 -0.97 158,997 -44.91 0.0908
2015-05-14 2015-03-31 13F BAXTER INTL INC COM COM 071813109 4,219,881 144,198 3.54 288,608 -3.26 0.1650
2015-02-12 2014-12-31 13F BAXTER INTL INC COM COM 071813109 4,075,683 148,836 3.79 298,320 5.99 0.1775
2014-11-14 2014-09-30 13F BAXTER INTL INC COM COM 071813109 3,926,847 -32,142 -0.81 281,467 -1.61 0.1825
2014-08-13 2014-06-30 13F BAXTER INTL INC COM COM 071813109 3,958,989 -28,883 -0.72 286,061 -2.47 0.1849
2014-05-14 2014-03-31 13F BAXTER INTL INC COM COM 071813109 3,987,872 21,122 0.53 293,301 6.34 0.1967
2014-02-14 2013-12-31 13F BAXTER INTL INC COM COM 071813109 3,966,750 94,380 2.44 275,806 8.45 0.1912
2013-11-14 2013-09-30 13F BAXTER INTL INC COM COM 071813109 3,872,370 132,034 3.53 254,313 -1.82 0.2039
2013-08-14 2013-06-30 13F BAXTER INTL INC COM COM 071813109 3,740,336 3,740,336 259,040 0.2277
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.