HCA Healthcare, Inc.
MX ˙ BMV ˙ US40412C1018
SecurityMX:HCA / HCA Healthcare, Inc.
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership38,193 shares
Latest Disclosed Value $ 18,074,456
Baird Financial Group, Inc. reports 34.23% decrease in ownership of HCA / HCA Healthcare, Inc.

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 38,193 shares of HCA Healthcare, Inc. (MX:HCA) valued at $18,074,456 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 58,073 shares of HCA Healthcare, Inc.. This represents a change in shares of -34.23% 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)
2026-05-14 2026-03-31 13F HCA HEALTHCARE COM 40412C101 38,193 -19,880 -34.23 18,074 -33.33 0.0152
2026-02-13 2025-12-31 13F HCA HEALTHCARE INC COM COMMON 40412C101 58,073 11,716 25.27 27,112 37.22 0.0423
2025-11-13 2025-09-30 13F HCA HEALTHCARE INC COM COMMON 40412C101 46,357 12,339 36.27 19,757 51.60 0.0318
2025-08-13 2025-06-30 13F HCA HEALTHCARE INC COM COMMON 40412C101 34,018 4,907 16.86 13,032 29.56 0.0229
2025-05-15 2025-03-31 13F HCA HEALTHCARE INC COM COMMON 40412C101 29,111 -167 -0.57 10,059 14.48 0.0194
2025-02-14 2024-12-31 13F HCA HOLDINGS COMMON 40412C101 29,278 1,473 5.30 8,788 -22.24 0.0168
2024-11-14 2024-09-30 13F HCA HOLDINGS COMMON 40412C101 27,805 -69 -0.25 11,301 26.19 0.0219
2024-08-14 2024-06-30 13F HCA HOLDINGS COMMON 40412C101 27,874 6,180 28.49 8,955 23.77 0.0186
2024-05-14 2024-03-31 13F HCA HOLDINGS COMMON 40412C101 21,694 -6,314 -22.54 7,236 -4.56 0.0152
2024-02-14 2023-12-31 13F HCA HOLDINGS COMMON 40412C101 28,008 -2,175 -7.21 7,581 2.11 0.0173
2023-11-13 2023-09-30 13F HCA HOLDINGS COMMON 40412C101 30,183 -7,551 -20.01 7,424 -35.17 0.0203
2023-08-11 2023-06-30 13F HCA HOLDINGS COMMON 40412C101 37,734 4,552 13.72 11,452 30.88 0.0302
2023-05-15 2023-03-31 13F HCA HOLDINGS COMMON 40412C101 33,182 -27,234 -45.08 8,749 62,392.86 0.0216
2023-02-13 2022-12-31 13F HCA HOLDINGS COMMON 40412C101 60,416 -5,187 -7.91 14 -99.88 0.0382
2022-11-15 2022-09-30 13F HCA HOLDINGS COMMON 40412C101 65,603 -5,208 -7.35 12,057 1.32 0.0355
2022-08-08 2022-06-30 13F HCA HOLDINGS COMMON 40412C101 70,811 -1,309 -1.82 11,900 -34.16 0.0330
2022-05-13 2022-03-31 13F HCA HOLDINGS COMMON 40412C101 72,120 2,874 4.15 18,075 1.60 0.0447
2022-02-09 2021-12-31 13F HCA HEALTHCARE COMMON 40412C101 69,246 1,244 1.83 17,791 7.79 0.0416
2021-11-12 2021-09-30 13F HCA HEALTHCARE COMMON 40412C101 68,002 17,025 33.40 16,506 56.62 0.0422
2021-08-11 2021-06-30 13F HCA HEALTHCARE COMMON 40412C101 50,977 20,165 65.45 10,539 81.61 0.0274
2021-05-13 2021-03-31 13F HCA HEALTHCARE COMMON 40412C101 30,812 1,005 3.37 5,803 18.38 0.0163
2021-02-11 2020-12-31 13F HCA HEALTHCARE COMMON 40412C101 29,807 -459 -1.52 4,902 29.89 0.0147
2020-11-12 2020-09-30 13F HCA HEALTHCARE COMMON 40412C101 30,266 1,151 3.95 3,774 33.55 0.0129
2020-10-22 2020-06-30 13F/A-1 HCA HEALTHCARE COMMON 40412C101 29,115 -5,924 -16.91 2,826 -10.23 0.0106
2020-08-14 2020-06-30 13F HCA HEALTHCARE COMMON 40412C101 34,188 -851 5,011 9,930.6635
2020-05-14 2020-03-31 13F HCA HEALTHCARE COMMON 40412C101 35,039 -6,942 -16.54 3,148 -49.27 0.0144
2020-02-14 2019-12-31 13F HCA HEALTHCARE COMMON 40412C101 41,981 -27,649 -39.71 6,205 -26.00 0.0223
2019-11-14 2019-09-30 13F HCA HEALTHCARE Common 40412C101 69,630 -4,627 -6.23 8,385 -16.47 0.0330
2019-08-14 2019-06-30 13F HCA HEALTHCARE COMMON 40412C101 74,257 58,270 364.48 10,038 381.67 0.0390
2019-05-14 2019-03-31 13F HCA HOLDINGS COMMON 40412C101 15,987 40 0.25 2,084 4.99 0.0122
2019-02-14 2018-12-31 13F HCA Holdings COMMON 40412C101 15,947 447 2.88 1,985 -8.69 0.0135
2018-11-13 2018-09-30 13F HCA Holdings COMMON 40412C101 15,500 686 4.63 2,174 43.03 0.0136
2018-08-13 2018-06-30 13F HCA HOLDINGS COMMON 40412C101 14,814 344 2.38 1,520 8.26 0.0103
2018-05-14 2018-03-31 13F HCA HOLDINGS COMMON 40412C101 14,470 4,139 40.06 1,404 54.80 0.0099
2018-02-09 2017-12-31 13F HCA HOLDINGS COMMON 40412C101 10,331 10,331 907 0.0064
2017-06-19 2017-03-31 13F/A-1 HCA HOLDINGS COMMON 40412C101 0 -4,535 -100.00 0 -100.00
2017-02-10 2016-12-31 13F HCA HOLDINGS COMMON 40412C101 4,535 -14,330 -75.96 336 -76.45 0.0029
2016-11-10 2016-09-30 13F HCA HOLDINGS COMMON 40412C101 18,865 -6,194 -24.72 1,427 -26.06 0.0128
2016-08-11 2016-06-30 13F HCA HOLDINGS COMMON 40412C101 25,059 -947 -3.64 1,930 -4.93 0.0177
2016-05-12 2016-03-31 13F HCA HOLDINGS COMMON 40412C101 26,006 -966 -3.58 2,030 11.29 0.0194
2016-02-11 2015-12-31 13F HCA HOLDINGS COMMON 40412C101 26,972 -2,430 -8.26 1,824 -19.82 0.0182
2015-11-12 2015-09-30 13F HCA HOLDINGS COMMON 40412C101 29,402 23,565 403.72 2,275 329.25 0.0242
2015-08-14 2015-06-30 13F HCA HOLDINGS COMMON 40412C101 5,837 5,837 530 0.0052
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.