Exited position

Jeff Smith’s Baxter Intl Inc (BAX) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Starboard Value LPVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ3 2015Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares2.57MHighest verified quarter-end share count
Quarters reported14Verified quarters with shares above zero
What happened?

Starboard Value LP first reported Baxter Intl Inc in Q3 2015. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Starboard Value LP sold the entire position in Q1 2019, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q1 2019
Sold the entire position−1.41M shares · No shares reported at quarter-end
Q4 2018
Bought 93.2% more+678.00K shares · 1.41M shares reported after the change
Filing context

Quarter-end price $65.82 · Estimated holding basis $56.06

Q3 2018
Bought 30.5% more+170.00K shares · 727.50K shares reported after the change
Filing context

Quarter-end price $77.09 · Estimated holding basis $46.97

Q2 2018
Sold 46.8% of the position−490.00K shares · 557.50K shares remained
Filing context

Quarter-end price $73.84 · Estimated holding basis $37.79

Q1 2018
Sold 12.2% of the position−145.00K shares · 1.05M shares remained
Filing context

Quarter-end price $65.04 · Estimated holding basis $37.79

Q4 2017
Sold 12.0% of the position−162.50K shares · 1.19M shares remained
Filing context

Quarter-end price $64.64 · Estimated holding basis $37.79

Portfolio importance

How important was Baxter Intl Inc in Starboard Value LP’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight2.9%Q4 2018
Last reported rank#10of 14 reported positions
Peak portfolio weight4.4%Q1 2016
Best historical rank#6Q4 2016
At peak importanceQ1 2016
BAX
4.4%
Largest holding
18.8%
Cross-investor discovery

Who else owns Baxter Intl Inc?

Also reported by 2 other tracked investors in their latest verified filings.

Joel GreenblattGotham Asset Management
BAX0.0% of reported portfolio
Ray DalioBridgewater Associates, LP
BAX0.0% of reported portfolio
Explore Baxter Intl Inc across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$23.712026-09-15

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Starboard Value LP’s Form 13F disclosures—not Jeff Smith’s personal brokerage account. Form 13F reports quarter-end U.S.-listed positions and certain options, but it does not reveal exact trade dates, execution prices, short positions or the purpose of an option position.