Greenhaven’s Gambit: A Billion-Dollar Bet on Baxter’s Resurrection

On Nov. 4, 2025, the SEC was regaled with Greenhaven’s latest intrigue: a fresh position in Baxter, now comprising 2.77% of its $5.17 billion in reportable equity holdings. A sum, one might note, that could buy a small island or a lifetime supply of optimism-depending on the market’s mood.







