국제 비즈니스 기계 공사
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership368,617 shares
Latest Disclosed Value $ 89,349,214
Baird Financial Group, Inc. reports 5.79% decrease in ownership of IBM / International Business Machines Corporation

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 368,617 shares of International Business Machines Corporation (MX:IBM) valued at $89,349,214 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 391,278 shares of International Business Machines Corporation. This represents a change in shares of -5.79% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 368,617 -22,661 -5.79 89,349 -22.91 0.0751
2026-02-13 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM COMMON 459200101 391,278 -2,845 -0.72 115,900 4.22 0.1807
2025-11-13 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM COMMON 459200101 394,123 -4,527 -1.14 111,206 -5.37 0.1788
2025-08-13 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM COMMON 459200101 398,650 -98,398 -19.80 117,514 -4.92 0.2061
2025-05-15 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM COMMON 459200101 497,048 -33,755 -6.36 123,596 5.92 0.2380
2025-02-14 2024-12-31 13F INTL BUSINESS MACHS COMMON 459200101 530,803 1,926 0.36 116,686 -0.20 0.2232
2024-11-14 2024-09-30 13F INTL BUSINESS MACHS COMMON 459200101 528,877 9,352 1.80 116,924 30.13 0.2271
2024-08-14 2024-06-30 13F INTL BUSINESS MACHS COMMON 459200101 519,525 4,267 0.83 89,852 -8.68 0.1864
2024-05-14 2024-03-31 13F INTL BUSINESS MACHS COMMON 459200101 515,258 77,484 17.70 98,394 37.42 0.2063
2024-02-14 2023-12-31 13F I B M COMMON 459200101 437,774 2,842 0.65 71,598 17.33 0.1632
2023-11-13 2023-09-30 13F I B M COMMON 459200101 434,932 15,240 3.63 61,021 8.66 0.1664
2023-08-11 2023-06-30 13F I B M COMMON 459200101 419,692 -6,482 -1.52 56,159 0.52 0.1482
2023-05-15 2023-03-31 13F I B M COMMON 459200101 426,174 -9,648 -2.21 55,867 91,485.25 0.1378
2023-02-13 2022-12-31 13F I B M COMMON 459200101 435,822 -1,321 -0.30 61 -99.88 0.1617
2022-11-15 2022-09-30 13F I B M COMMON 459200101 437,143 -19,938 -4.36 51,937 -19.52 0.1530
2022-08-08 2022-06-30 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 457,081 74,849 19.58 64,535 29.85 0.1791
2022-05-13 2022-03-31 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 382,232 5,506 1.46 49,698 -1.30 0.1228
2022-02-09 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 376,726 -10,904 -2.81 50,353 -6.50 0.1177
2021-11-12 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 387,630 31,211 8.76 53,854 3.07 0.1377
2021-08-11 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 356,419 37,306 11.69 52,248 22.86 0.1358
2021-05-13 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 319,113 -4,068 -1.26 42,525 4.53 0.1193
2021-02-11 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 323,181 -598 -0.18 40,683 3.27 0.1216
2020-11-12 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 323,779 16,373 5.33 39,394 6.11 0.1350
2020-10-22 2020-06-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COMMON 459200101 307,406 15,950 5.47 37,126 14.83 0.1399
2020-08-14 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 252,217 -39,239 33,299 65,991.0526
2020-05-14 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 291,456 21,528 7.98 32,331 -10.64 0.1477
2020-02-14 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COMMON 459200101 269,928 -4,949 -1.80 36,182 -9.48 0.1299
2019-11-14 2019-09-30 13F INTERNATIONAL BUSINESS Common 459200101 274,877 -876 -0.32 39,972 5.12 0.1574
2019-08-14 2019-06-30 13F INTERNATIONAL BUSINESS COMMON 459200101 275,753 107,237 63.64 38,026 59.93 0.1479
2019-05-14 2019-03-31 13F IBM COMMON 459200101 168,516 21,794 14.85 23,776 42.56 0.1390
2019-02-14 2018-12-31 13F International Business Machines COMMON 459200101 146,722 -17,019 -10.39 16,678 -33.40 0.1132
2018-11-13 2018-09-30 13F International Business Machines COMMON 459200101 163,741 14,674 9.84 25,041 20.25 0.1569
2018-08-13 2018-06-30 13F International Business Machines COMMON 459200101 149,067 5,678 3.96 20,824 -5.35 0.1413
2018-05-14 2018-03-31 13F International Business Machines COMMON 459200101 143,389 13,226 10.16 22,000 10.17 0.1549
2018-02-09 2017-12-31 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 130,163 -2,024 -1.53 19,970 4.13 0.1414
2017-11-14 2017-09-30 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 132,187 -15,525 -10.51 19,178 -15.60 0.1447
2017-08-14 2017-06-30 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 147,712 -12,578 -7.85 22,723 -18.59 0.1780
2017-06-19 2017-03-31 13F/A-1 INTERNATIONAL BUSINESS MACH COMMON 459200101 160,290 16,926 11.81 27,913 17.30 0.2257
2017-05-09 2017-03-31 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 160,290 27,913
2017-02-10 2016-12-31 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 143,364 -626 -0.43 23,797 4.04 0.2066
2016-11-10 2016-09-30 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 143,990 1,966 1.38 22,873 4.30 0.2049
2016-08-11 2016-06-30 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 142,024 711 0.50 21,930 2.47 0.2011
2016-05-12 2016-03-31 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 141,313 8,252 6.20 21,402 16.87 0.2048
2016-02-11 2015-12-31 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 133,061 -401 -0.30 18,312 -5.35 0.1832
2015-11-12 2015-09-30 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 133,462 700 0.53 19,348 -10.41 0.2057
2015-08-14 2015-06-30 13F INTERNATIONAL BUSINESS MACH COMMON 459200101 132,762 132,762 21,595 0.2125
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.