Cliff Asness's BAX Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 603,295 shares of Baxter International Inc. (BAX) worth $11.53 M, representing 0.01% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in BAX, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2016, adding 2.19 M shares. Largest reduction occurred in Q4 2018, reducing 1.58 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Baxter International (BAX) Holding Value Over Time
Track share changes against reported price movement
Quarterly Baxter International (BAX) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +315,353 | Add 109.52% | 603,295 | $19.11 |
| Q3 2025 | +254,893 | Add 771.26% | 287,942 | $22.34 |
| Q2 2025 | -42,192 | Reduce 56.08% | 33,049 | $30.28 |
| Q1 2025 | -67,629 | Reduce 47.34% | 75,241 | $34.00 |
| Q4 2024 | -471,770 | Reduce 76.76% | 142,870 | $28.96 |
| Q3 2024 | -318,271 | Reduce 34.12% | 614,640 | $37.53 |
| Q2 2024 | +124,891 | Add 15.46% | 932,911 | $33.42 |
| Q1 2024 | +208,969 | Add 34.88% | 808,020 | $42.74 |
| Q4 2023 | +176,479 | Add 41.76% | 599,051 | $38.66 |
| Q3 2023 | -154,537 | Reduce 26.78% | 422,572 | $37.50 |
| Q2 2023 | +8,650 | Add 1.52% | 577,109 | $45.36 |
| Q1 2023 | +482,060 | Add 557.95% | 568,459 | $40.31 |
| Q4 2022 | -77,705 | Reduce 47.35% | 86,399 | $50.74 |
| Q3 2022 | +47,677 | Add 40.95% | 164,104 | $53.86 |
| Q2 2022 | -146,070 | Reduce 55.65% | 116,427 | $64.23 |
| Q1 2022 | -265,027 | Reduce 50.24% | 262,497 | $77.54 |
| Q4 2021 | -20,057 | Reduce 3.66% | 527,524 | $85.84 |
| Q3 2021 | -111,617 | Reduce 16.93% | 547,581 | $80.43 |
| Q2 2021 | -249,547 | Reduce 27.46% | 659,198 | $80.50 |
| Q1 2021 | -161,031 | Reduce 15.05% | 908,745 | $84.34 |
| Q4 2020 | -64,751 | Reduce 5.71% | 1.07 M | $79.52 |
| Q3 2020 | -343,480 | Reduce 23.24% | 1.13 M | $79.20 |
| Q2 2020 | -238,875 | Reduce 13.91% | 1.48 M | $84.25 |
| Q1 2020 | -547,986 | Reduce 24.20% | 1.72 M | $81.19 |
| Q4 2019 | -854,631 | Reduce 27.40% | 2.26 M | $83.44 |
| Q3 2019 | -507,641 | Reduce 14.00% | 3.12 M | $87.09 |
| Q2 2019 | -424,680 | Reduce 10.48% | 3.63 M | $81.50 |
| Q1 2019 | -1.06 M | Reduce 20.72% | 4.05 M | $80.63 |
| Q4 2018 | -1.58 M | Reduce 23.56% | 5.11 M | $65.82 |
| Q3 2018 | -101,613 | Reduce 1.50% | 6.69 M | $77.09 |
| Q2 2018 | +1.31 M | Add 24.01% | 6.79 M | $73.97 |
| Q1 2018 | -550,964 | Reduce 9.15% | 5.47 M | $65.04 |
| Q4 2017 | +248,934 | Add 4.31% | 6.02 M | $64.64 |
| Q3 2017 | +67,735 | Add 1.19% | 5.78 M | $62.75 |
| Q2 2017 | +119,195 | Add 2.13% | 5.71 M | $60.54 |
| Q1 2017 | -1.21 M | Reduce 17.76% | 5.59 M | $51.86 |
| Q4 2016 | +1.72 M | Add 33.82% | 6.8 M | $44.34 |
| Q3 2016 | +2.19 M | Add 75.99% | 5.08 M | $47.60 |
| Q2 2016 | +386,217 | Add 15.45% | 2.89 M | $45.22 |
| Q1 2016 | +1.04 M | Add 71.75% | 2.5 M | $41.08 |
| Q4 2015 | +1.11 M | Add 321.78% | 1.46 M | $38.15 |
| Q3 2015 | +263,103 | Add 321.32% | 344,986 | $32.85 |
| Q2 2015 | +18,572 | Add 29.33% | 81,883 | $69.93 |
| Q1 2015 | +8,174 | Add 14.82% | 63,311 | $68.50 |
| Q4 2014 | +21,526 | Add 64.04% | 55,137 | $73.29 |
| Q3 2014 | -26,900 | Reduce 44.45% | 33,611 | $71.76 |
| Q2 2014 | +35,354 | Add 140.53% | 60,511 | $72.30 |
| Q1 2014 | -145,742 | Reduce 85.28% | 25,157 | $73.58 |
| Q4 2013 | -339,673 | Reduce 66.53% | 170,899 | $69.55 |
| Q3 2013 | -234,836 | Reduce 31.50% | 510,572 | $65.69 |
| Q2 2013 | +745,408 | Add 0.00% | 745,408 | $69.27 |
| Q4 2012 | +138,532 | Add 0.00% | 138,532 | $66.66 |
Cliff Asness's Baxter International Investment FAQs
Cliff Asness first purchased Baxter International Inc. (BAX) in Q4 2012, acquiring 138,532 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Baxter International Inc. (BAX) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Baxter International Inc. (BAX) was in Q3 2016, adding 5,077,842 shares worth $241.7 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 603,295 shares of Baxter International Inc. (BAX), valued at approximately $11.53 M.
As of the Q4 2025 filing, Baxter International Inc. (BAX) represents approximately 0.01% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Baxter International Inc. (BAX) was 6,795,261 shares, as reported at the end of Q4 2016.