The buying is small in scale and comes from routine asset managers, not informed or activist capital. Monitor next quarter's 13F for larger or more concentrated institutional moves, but this cluster alone does not signal a material thesis change.
Executive Summary
Three small asset managers increased their BAX positions in Q3 2026, with aggregate holdings rising $3.3M to $5.9M. The buying is concentrated among wealth advisory firms with no activist or distressed-debt specialists involved, and the total dollar amount is negligible relative to BAX's market cap.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.3M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | ADD | +40.5% | $437.0K | $157.0K |
| Wealth Enhancement Advisory Services | DOUBLED | +148.8% | $4.1M | $2.4M |
| Hb Wealth Management | ADD | +98.6% | $1.4M | $749.0K |
Key Facts
- 3 asset managers accumulated BAX shares in Q3 2026, adding $3.3M in net new value to $5.9M total holdings
- Wealth Enhancement Advisory Services doubled its position (+148.8%, $1.7M → $4.1M)
- Hb Wealth Management added +98.6% ($606K → $1.4M)
- Farther Finance Advisors added +40.5% ($279K → $437K)
- No sellers were identified in the cluster
- All three buyers are small wealth advisory firms, not activist or event-driven funds
Financial Impact
Three asset managers added a combined $3.3M in new BAX holdings, bringing total disclosed positions to $5.9M — a de minimis amount relative to BAX's multi-billion-dollar market cap.
Risk Factors
- 13F data is 45+ days stale; positions may have already been unwound
- All buyers are small wealth advisors with no track record of catalyst-driven investing
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-BAX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $25.02 | awaiting T+5 | — | — |
Oct 23, 2026 4d ago | Institutional Cluster | $25.30 | awaiting T+5 | — | — |
Aug 19, 2026 9w ago | 8-K | $26.64 $26.50 | ▼ −0.53% | ▼ −0.14% | — |
Aug 18, 2026 10w ago | 8-K | $26.64 $26.50 | ▼ −0.53% | ▼ −0.14% | — |
Aug 12, 2026 10w ago | Institutional Cluster | $26.95 $26.64 | ▼ −1.15% | ▼ −0.71% | — |
Aug 4, 2026 12w ago | 8-K | $28.35 $27.61 | ▼ −2.61% | ▼ −2.51% | — |
Jul 30, 2026 12w ago | 8-K | $26.75 $27.01 | ▲ +0.97% | ▼ −2.65% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $20.49 $19.39 | ▲ +5.37% | ▲ +5.80% | — |
May 8, 2026 24w ago | 8-K | $17.53 $17.79 | ▲ +1.48% | ▲ +1.57% | — |
Apr 30, 2026 25w ago | 8-K | $17.58 $16.98 | ▼ −3.41% | ▼ −5.14% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers