Baker Hughes Company (NYSE: BKR), founded in 1907 by Reuben C. Baker and Howard R. Hughes Sr., is a global energy technology company with exposure to oilfield services, LNG infrastructure, and industrial energy solutions. Shares recently traded near $46.86, giving Baker Hughes a market value of roughly $46.2B.
Baker Hughes is widely viewed by investors as a bridge between traditional energy and longer cycle infrastructure spending, particularly through LNG and industrial energy projects. After a period of uneven energy investment, looking at who owns Baker Hughes and recent insider trades helps clarify how large investors are positioning around earnings visibility, capital intensity, and medium term growth potential.
Who Are Baker Hughes’ Top Shareholders?
Baker Hughes’ shareholder base is led by large passive institutions that tend to hold through market cycles, which can help keep long term ownership stable. Active managers adjusted positions in both directions, suggesting mixed views on valuation and near term execution.
- The Vanguard Group: 123,464,991 shares (12.51%), ~$5.79B value. Added 590,193 shares (+0.48%).
- JPMorgan Asset Management: 74,023,655 shares (7.50%), ~$3.47B value. Cut 4,755,433 shares (6.04%).
- State Street Investment Management: 60,471,824 shares (6.13%), ~$2.83B value. Cut 1,175,320 shares (1.91%).
- BlackRock Institutional Trust Company: 51,050,414 shares (5.17%), ~$2.39B value. Cut 23,343 shares (0.05%).
- Capital World Investors: 47,546,388 shares (4.82%), ~$2.23B value. Added 3,153,709 shares (+7.10%).
- Dodge & Cox: 44,053,488 shares (4.46%), ~$2.06B value. Cut 529,325 shares (1.19%).
- Geode Capital Management: 26,008,829 shares (2.64%), ~$1.22B value. Added 133,159 shares (+0.51%).
- Capital Research Global Investors: 25,903,241 shares (2.63%), ~$1.21B value. Added 1,728,016 shares (+7.15%).
- Norges Bank Investment Management: 22,501,874 shares (2.28%), ~$1.05B value. Added 2,289,989 shares (+11.33%).
- Invesco Capital Management (QQQ Trust): 20,665,957 shares (2.09%), ~$968M value. Cut 57,186 shares (0.28%).
For investors, this ownership mix points to a stable institutional base, with selective long term accumulation suggesting confidence in Baker Hughes’ positioning across LNG and industrial energy markets.
Hedge Fund Highlights
One notable move last quarter came from Balyasny Asset Management, founded by Dmitry Balyasny, which significantly increased its position in Baker Hughes, bringing the stake to roughly $46M value. The increase may reflect growing confidence in Baker Hughes’ earnings visibility and exposure to longer cycle energy infrastructure projects.
Squarepoint Ops also made a sizable adjustment, lifting its Baker Hughes position to about $36.5M value. This move could signal rising interest from multi strategy and quant oriented investors as the company’s fundamentals stabilize.
Jane Street Group expanded its stake to roughly $8.4M value, a move that appears more tactical but may reflect improving liquidity conditions or short term conviction around Baker Hughes’ trading range.
Meanwhile, Fisher Asset Management, led by Ken Fisher, continued to add gradually, growing its position to nearly $35M value, which looks consistent with a longer term view of Baker Hughes as a steady, cash generating energy technology company.
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Baker Hughes’ Recent Insider Trades
Insider filings show several modest transactions across executives and directors.
- Rebecca L. Charlton (Officer): Sold shares between ~$47 and ~$50 across multiple transactions, alongside share receipts.
- Ahmed Farhan Moghal (Officer): Sold shares around ~$48, with a larger share receipt recorded the same day.
- Sreeganesh Ramaswamy (Officer): Sold 25,000 shares at ~$50.
- James E. Apostolides (Officer): Sold 6,216 shares at ~$50 and recorded a separate share receipt at ~$35.55.
These transactions appear small relative to Baker Hughes’ overall share count and do not materially shift insider ownership. It appears insiders may be managing personal exposure near current price levels rather than signaling a strong directional view, and for investors this adds context without changing the broader ownership picture.
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What the Ownership & Insider Trade Data Tell Us
Baker Hughes’ ownership remains anchored by major passive institutions, while hedge funds and active managers show a mix of additions and trims. Insider activity appears measured and balanced, with no clear signal of changing sentiment.
For investors, the combined data suggest Baker Hughes continues to be viewed as a well supported energy technology company, with potential upside tied to execution in LNG, industrial energy demand, and margin improvement rather than short term commodity price movements.
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