Gauging Institutional Investors’ Sentiments in Baker Hughes

Top transactions

Together, the top ten institutional investors in Baker Hughes (BHGE) added 2.4 million shares to their positions in the stock during the first quarter. Dodge & Cox bought 4.2 million shares, which increased its stake from 10.7% to 11.4%. Dodge & Cox is the second-largest institutional investor in Baker Hughes after Capital World Investors. Manulife Asset Management added 2.1 million shares, which brought its stake to 2.2% of Baker Hughes’ outstanding shares.

Gauging Institutional Investors’ Sentiments in Baker Hughes

Fidelity Management & Research Company sold 3.4 million shares, which brought its stake down to 5.9% from 6.6%. Capital International Investors sold 1.5 million Baker Hughes shares during the first quarter. The above table shows the ten largest institutional investors in Baker Hughes and their latest position changes.

Other notable transactions included a purchase of 5.1 million Baker Hughes shares by Pzena Investment Management. Two Sigma Investments bought 4.2 million Baker Hughes shares. Millennium Management sold 9 million shares. American Century Investment Management, which owned 11.7 million Baker Hughes shares at the end of 2018, sold 2.6 million shares in the first quarter.

Baker Hughes stock has risen ~7% in 2019. Baker Hughes has underperforming the VanEck Vectors Oil Services ETF (OIH). Baker Hughes forms ~4.7% of OIH.