What smart money is saying about Baker Hughes
4 funds in our archive have pitched Baker Hughes, most recently MayTech Global Investments Global Growth Strategy in June 2026.
Baker Hughes Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the Oilfield Services and Equipment (OFSE) and industrial and Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides services for onshore and offshore oilfield operations. The IET segment combines expertise, technologies, and services for industrial and energy customers including on and off-shore, LNG, pipeline and gas storage, refining, petrochemical, distributed gas, flow and process control, and industrial segments such as nuclear, aviation, automotive, marine, food and beverage, mining, cement and utilities. The company was founded in April 1987 and is headquartered in Houston, TX.
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Position history
Between Q1 2025 and Q4 2026, 5 fund letters reported a position in Baker Hughes, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 0 | 0 |
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 2 | 1 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 1 move
- HoldsAcatisOctober 2026
“The fund fell by 3.3% in September. Rising interest rates and higher risk pre- miums weighed on the bond side. On the equity side, TSMC (+12.6%) continued to benefit from strong AI demand; August revenue was 53% above the previous year. Infineon (+4.9%) was newly added to the portfolio. With the sale of the NOR flash business for USD 1.12 billion, the company is focusing more strongly on structural growth areas such as power semiconductors and AI data centers. Alphabet (+3.8%) impressed with its strong position in the AI competition. Stryker (-12.7%) was weighed down by lingering supply bottlenecks and weaker hip implant sales, but confirmed its full-year guidance for organic growth. Baker Hughes (-11.6%) declined despite new major orders in the LNG business.”
Baker Hughes - August 2026
Listed in Guinness Global Energy Fund’s reported holdings.
Baker Hughes - July 2026
“Within the Guinness Global Energy portfolio over the period, stronger performers included: • European mid-cap integrateds: Repsol, GALP, Eni and OMV were among the strongest contributors during the first phase of the Iran conflict, helped by higher Brent-linked earnings and elevated refining margins. • Oil services: Baker Hughes, Schlumberger and Halliburton performed well, supported at different points by expectations of higher service activity outside the Middle East, a rebuilding of damaged Gulf-based oil and gas facilities, and growth in LNG demand.”
Baker Hughes - June 2026
Listed in Artisan Partners Global Opportunities Fund’s reported holdings.
Baker Hughes - New positionMayTech Global Investments Global Growth StrategyJune 2026
“We initiated a position in Baker Hughes, a global energy technology company with leading businesses in oilfield services, liquefied natural gas (LNG) infrastructure, and power generation.”
Baker Hughes
Fund coverage · 4 theses
- MayTech Global Investments Global Growth StrategyJune 2026
Baker Hughes is a diversified energy technology company positioned to benefit from LNG infrastructure and power demand growth.
Read the full thesis - Artisan Global Discovery StrategyDecember 2025
Baker Hughes Co is a leading LNG equipment provider with IET growth tailwinds from global LNG demand and AI-driven US gas infrastructure investment.
Read the full thesis - Aristotle Core EquitySeptember 2025
Baker Hughes is a well-positioned energy technology firm poised to capitalize on rising global demand for natural gas and LNG projects, while improving margins and leveraging its diversified portfolio across energy and industrial sectors.
Read the full thesis - Artisan US Mid Cap Growth StrategyMarch 2025
Baker Hughes is well positioned for profitable growth due to increasing demand for US LNG in Europe, rising gas infrastructure investments, and a focus on aftermarket services.
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