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Baker Hughes: Institutional Investors Are Buying the Stock

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Top investors in Baker Hughes

The top three institutional investors in Baker Hughes (BHGE) are Capital World Investors, Dodge & Cox, and the Vanguard Group. The three investors bought 10.7 million, 15.2 million, and 10.3 million Baker Hughes shares, respectively, in the fourth quarter. Capital World Investors owns 11.7% of Baker Hughes’ outstanding shares. Dodge & Cox and the Vanguard Group own 10.7% and 9.2%, respectively, of Baker Hughes’ outstanding shares.

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As the above table shows, all of the ten largest investors in Baker Hughes added to their positions in the stock in the fourth quarter. Collectively, the top ten investors own 58.4% of Baker Hughes’ outstanding shares. The top ten investors in Baker Hughes owned 47.3% of its outstanding shares at the end of the third quarter. Together, the top ten investors added 59.4 million Baker Hughes shares to their positions in the fourth quarter.

Top transactions

The purchases by the top three investors—Capital World Investors, Dodge & Cox, and the Vanguard Group—in Baker Hughes were the biggest “buy” transactions in the stock recently. Capital Research Global Investors added 6.7 million shares, while activist investor Franklin Mutual Advisers added 5.4 million Baker Hughes shares to their respective positions.

Harris Associates, Point72 Asset Management, and Balyasny Asset Management sold 2.5 million, 1.8 million, and 1.6 million Baker Hughes shares, respectively.

Next, we’ll discuss the latest institutional activity in National Oilwell Varco (NOV) stock.

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