Richard Pzena's BAX Position Overview
Richard Pzena (via Pzena Investment Management LLC) currently holds 64.53 M shares of Baxter International Inc. (BAX) worth $1.08 B, representing 3.52% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 21 quarters.
Based on 13F filings, Richard Pzena has maintained a strategic position in BAX, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2023, adding 18.55 M shares. Largest reduction occurred in Q1 2026, reducing 5.52 M shares.
Analysis based on 13F filings available since 2013 Q2
Richard Pzena's Baxter International (BAX) Holding Value Over Time
Track share changes against reported price movement
Quarterly Baxter International (BAX) Trades by Richard Pzena
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -5.52 M | Reduce 7.88% | 64.53 M | $16.80 |
| Q4 2025 | +12.66 M | Add 22.06% | 70.05 M | $19.11 |
| Q3 2025 | +18.05 M | Add 45.89% | 57.39 M | $22.77 |
| Q2 2025 | +2.56 M | Add 6.97% | 39.34 M | $30.28 |
| Q1 2025 | +3.13 M | Add 9.32% | 36.77 M | $34.23 |
| Q4 2024 | +1.42 M | Add 4.39% | 33.64 M | $29.16 |
| Q3 2024 | +1.4 M | Add 4.54% | 32.22 M | $37.97 |
| Q2 2024 | +6.42 M | Add 26.30% | 30.82 M | $33.45 |
| Q1 2024 | +135,250 | Add 0.56% | 24.41 M | $42.74 |
| Q4 2023 | +18.55 M | Add 324.18% | 24.27 M | $38.66 |
| Q3 2023 | +5.72 M | New Buy | 5.72 M | $37.74 |
| Q1 2017 | -225,790 | Sold Out | 0 | $0.00 |
| Q4 2016 | -835,787 | Reduce 78.73% | 225,790 | $44.34 |
| Q3 2016 | -2.05 M | Reduce 65.93% | 1.06 M | $47.60 |
| Q2 2016 | -968,541 | Reduce 23.71% | 3.12 M | $45.22 |
| Q1 2016 | -652,576 | Reduce 13.78% | 4.08 M | $41.08 |
| Q4 2015 | -126,464 | Reduce 2.60% | 4.74 M | $38.15 |
| Q3 2015 | -167,186 | Reduce 3.32% | 4.86 M | $32.85 |
| Q2 2015 | +2,214 | Add 0.04% | 5.03 M | $69.93 |
| Q1 2015 | +1.08 M | Add 27.49% | 5.03 M | $68.50 |
| Q4 2014 | +3.94 M | New Buy | 3.94 M | $73.29 |
Richard Pzena's Baxter International Investment FAQs
Richard Pzena first purchased Baxter International Inc. (BAX) in Q4 2014, acquiring 3,944,140 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Richard Pzena has held Baxter International Inc. (BAX) for 21 quarters since Q4 2014.
Richard Pzena's largest addition to Baxter International Inc. (BAX) was in Q4 2023, adding 24,270,170 shares worth $938.28 M.
According to the latest 13F filing for Q1 2026, Richard Pzena's firm, Pzena Investment Management LLC, owns 64,527,823 shares of Baxter International Inc. (BAX), valued at approximately $1.08 B.
As of the Q1 2026 filing, Baxter International Inc. (BAX) represents approximately 3.52% of Richard Pzena's publicly disclosed stock portfolio, making it one of their key holdings.
Richard Pzena's peak holding in Baxter International Inc. (BAX) was 70,046,251 shares, as reported at the end of Q4 2025.