Richard Pzena's BAX Position Overview
Richard Pzena (via Pzena Investment Management LLC) currently holds 57.4M shares of Baxter International Inc. (BAX) worth $1.31 B, representing 4.22% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 44 quarters.
Based on 13F filings since 2013, Richard Pzena has maintained a long-term strategic position in BAX, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2023, adding 18.5M shares. Largest reduction occurred in Q3 2016, reducing 2.1M 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
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2014 | +3.94 M | New Buy | 3.94 M | $73.29 |
| Q1 2015 | +1.08 M | Add 27.49% | 5.03 M | $68.50 |
| Q2 2015 | +2,214 | Add 0.04% | 5.03 M | $69.93 |
| Q3 2015 | -167,186 | Reduce 3.32% | 4.86 M | $32.85 |
| Q4 2015 | -126,464 | Reduce 2.60% | 4.74 M | $38.15 |
| Q1 2016 | -652,576 | Reduce 13.78% | 4.08 M | $41.08 |
| Q2 2016 | -968,541 | Reduce 23.71% | 3.12 M | $45.22 |
| Q3 2016 | -2.05 M | Reduce 65.93% | 1.06 M | $47.60 |
| Q4 2016 | -835,787 | Reduce 78.73% | 225,790 | $44.34 |
| Q1 2017 | -225,790 | Sold Out | 225,790 | $0.00 |
| Q3 2023 | +5.72 M | New Buy | 5.72 M | $37.74 |
| Q4 2023 | +18.55 M | Add 324.18% | 24.27 M | $38.66 |
| Q1 2024 | +135,250 | Add 0.56% | 24.41 M | $42.74 |
| Q2 2024 | +6.42 M | Add 26.30% | 30.82 M | $33.45 |
| Q3 2024 | +1.4 M | Add 4.54% | 32.22 M | $37.97 |
| Q4 2024 | +1.42 M | Add 4.39% | 33.64 M | $29.16 |
| Q1 2025 | +3.13 M | Add 9.32% | 36.77 M | $34.23 |
| Q2 2025 | +2.56 M | Add 6.97% | 39.34 M | $30.28 |
| Q3 2025 | +18.05 M | Add 45.89% | 57.39 M | $22.77 |
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 44 quarters since Q4 2014. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Richard Pzena's largest addition to Baxter International Inc. (BAX) was in Q4 2023, adding 24,270,170 shares worth $938.28 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Richard Pzena's firm, Pzena Investment Management LLC, owns 57,387,040 shares of Baxter International Inc. (BAX), valued at approximately $1.31 B. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Baxter International Inc. (BAX) represents approximately 4.22% of Richard Pzena's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Richard Pzena's peak holding in Baxter International Inc. (BAX) was 57,387,040 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.