Perpetual Ltd increases holdings in Baker Hughes and Boston Scientific

Perpetual Ltd has significantly increased its investment positions in both Baker Hughes and Boston Scientific Corporation. According to recent SEC filings, the firm grew its stake in Boston Scientific by 182.5% during the third quarter, bringing its total holdings to 37,699 shares valued at approximately $1,646,000.

Additionally, Perpetual Ltd increased its holdings in Baker Hughes by 24% during the third quarter. The firm now owns 3,958,604 shares, representing about 3.4% of the company and making it Perpetual Ltd's fifth-largest holding. The value of this position was estimated at $217,327,000 at the end of the quarter.

In related developments, Baker Hughes is expanding a facility for testing and production as part of its energy technology strategy. The company reported second-quarter revenue of $6.74 billion for 2026, with orders in its Industrial and Energy Technology segment doubling year-over-year to $7.10 billion.