Baird Financial Group, Inc. reports 7.56% increase in ownership of DOW1 / Dow Inc.

陶氏公司

MX ˙ BMV ˙ US2605571031

Security	MX:DOW1 / Dow Inc.
Institution	Baird Financial Group, Inc.
Latest Disclosed Ownership	251,438 shares
Latest Disclosed Value	$ 10,472,422

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 251,438 shares of Dow Inc. (MX:DOW1) valued at $10,472,422 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 233,771 shares of Dow Inc.. This represents a change in shares of 7.56% 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-14	2026-03-31	13F	DOW HLDGS	COM	260557103	251,438	17,667	7.56	10,472	91.62	0.0164
2026-02-13	2025-12-31	13F	DOW INC COM	COMMON	260557103	233,771	-46,434	-16.57	5,466	-14.94	0.0085
2025-11-13	2025-09-30	13F	DOW	COMMON	260557103	280,205	-97,187	-25.75	6,425	-35.70	0.0103
2025-08-13	2025-06-30	13F	DOW INC COM	COMMON	260557103	377,392	-67,240	-15.12	9,993	-35.64	0.0175
2025-05-15	2025-03-31	13F	DOW INC COM	COMMON	260557103	444,632	-37,154	-7.71	15,527	-19.70	0.0299
2025-02-14	2024-12-31	13F	DOW	COMMON	260557103	481,786	924	0.19	19,334	-26.40	0.0370
2024-11-14	2024-09-30	13F	DOW	COMMON	260557103	480,862	-5,347	-1.10	26,269	1.85	0.0510
2024-08-14	2024-06-30	13F	DOW	COMMON	260557103	486,209	37,340	8.32	25,793	-0.80	0.0535
2024-05-14	2024-03-31	13F	DOW	COMMON	260557103	448,869	8,785	2.00	26,003	7.74	0.0545
2024-02-14	2023-12-31	13F	DOW	COMMON	260557103	440,084	-75,820	-14.70	24,134	-9.27	0.0550
2023-11-13	2023-09-30	13F	DOW	COMMON	260557103	515,904	-5,074	-0.97	26,600	-4.13	0.0726
2023-08-11	2023-06-30	13F	DOW	COMMON	260557103	520,978	-165,495	-24.11	27,747	-26.27	0.0732
2023-05-15	2023-03-31	13F	DOW	COMMON	260557103	686,473	-43,449	-5.95	37,632	104,433.33	0.0928
2023-02-13	2022-12-31	13F	DOW	COMMON	260557103	729,922	-11,707	-1.58	37	-99.89	0.0969
2022-11-15	2022-09-30	13F	DOW	COMMON	260557103	741,629	40,049	5.71	32,579	-10.03	0.0960
2022-08-08	2022-06-30	13F	DOW INC COM	COMMON	260557103	701,580	189,158	36.91	36,209	10.89	0.1005
2022-05-13	2022-03-31	13F	DOW INC COM	COMMON	260557103	512,422	36,420	7.65	32,652	20.94	0.0807
2022-02-09	2021-12-31	13F	DOW INC COM	COMMON	260557103	476,002	-126,402	-20.98	26,999	-22.13	0.0631
2021-11-12	2021-09-30	13F	DOW INC COM	COMMON	260557103	602,404	101,686	20.31	34,674	9.43	0.0887
2021-08-11	2021-06-30	13F	DOW INC COM	COMMON	260557103	500,718	153,753	44.31	31,685	42.82	0.0824
2021-05-13	2021-03-31	13F	DOW INC COM	COMMON	260557103	346,965	30,789	9.74	22,185	26.42	0.0622
2021-02-11	2020-12-31	13F	DOW INC COM	COMMON	260557103	316,176	5,057	1.63	17,548	19.87	0.0525
2020-11-12	2020-09-30	13F	DOW INC COM	COMMON	260557103	311,119	7,403	2.44	14,639	18.26	0.0502
2020-10-22	2020-06-30	13F/A-1	DOW INC COM	COMMON	260557103	303,716	-176,203	-36.72	12,379	-12.10	0.0466
2020-08-14	2020-06-30	13F	DOW INC COM	COMMON	260557103	409,207	-70,712		22,255		44,104.3537
2020-05-14	2020-03-31	13F	DOW INC COM	COMMON	260557103	479,919	-78,204	-14.01	14,083	-53.89	0.0643
2020-02-14	2019-12-31	13F	DOW INC COM	COMMON	260557103	558,123	-124,883	-18.28	30,543	-6.15	0.1096
2019-11-14	2019-09-30	13F	DOW	Common	260557103	683,006	-381	-0.06	32,545	-3.42	0.1282
2019-08-14	2019-06-30	13F	DOW	COMMON	260557103	683,387	-236,207	-25.69	33,698	-31.26	0.1310
2019-05-14	2019-03-31	13F	DOWDUPONT	COMMON	26078J100	919,594	285,772	45.09	49,024	44.63	0.2867
2019-02-14	2018-12-31	13F	DOWDUPONT	COMMON	26078J100	633,822	-269,852	-29.86	33,897	-42.13	0.2301
2018-11-13	2018-09-30	13F	DowDuPont	COMMON	26078J100	903,674	121,582	15.55	58,573	13.61	0.3670
2018-08-13	2018-06-30	13F	DOWDUPONT	COMMON	26078J100	782,092	-12,725	-1.60	51,556	1.81	0.3499
2018-05-14	2018-03-31	13F	DOWDUPONT	COMMON	26078J100	794,817	-8,647	-1.08	50,638	-11.51	0.3565
2018-02-09	2017-12-31	13F	DOWDUPONT	COMMON	26078J100	803,464	269,483	50.47	57,223	54.79	0.4053
2017-11-14	2017-09-30	13F	DOWDUPONT	COMMON	26078J100	533,981	533,981		36,968		0.2788

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.