Cisco Systems, Inc.
MX ˙ BMV ˙ US17275R1023
SecurityMX:CSCO / Cisco Systems, Inc.
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership2,688,589 shares
Latest Disclosed Value $ 208,607,618
Baird Financial Group, Inc. reports 4.09% decrease in ownership of CSCO / Cisco Systems, Inc.

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 2,688,589 shares of Cisco Systems, Inc. (MX:CSCO) valued at $208,607,618 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 2,803,356 shares of Cisco Systems, Inc.. This represents a change in shares of -4.09% 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 CISCO SYS COM 17275R102 2,688,589 -114,767 -4.09 208,608 -3.40 0.1754
2026-02-13 2025-12-31 13F CISCO SYS INC COM COMMON 17275R102 2,803,356 -6,400 -0.23 215,943 12.33 0.3366
2025-11-13 2025-09-30 13F CISCO SYS INC COM COMMON 17275R102 2,809,756 -106,288 -3.64 192,244 -4.98 0.3091
2025-08-13 2025-06-30 13F CISCO SYS INC COM COMMON 17275R102 2,916,044 -315,073 -9.75 202,315 1.47 0.3547
2025-05-15 2025-03-31 13F CISCO SYS INC COM COMMON 17275R102 3,231,117 -343,965 -9.62 199,392 -5.79 0.3839
2025-02-14 2024-12-31 13F CISCO SYS COMMON 17275R102 3,575,082 -2,060,740 -36.57 211,645 -29.44 0.4048
2024-11-14 2024-09-30 13F CISCO SYSTEMS COMMON 17275R102 5,635,822 -65,533 -1.15 299,938 10.73 0.5825
2024-08-14 2024-06-30 13F CISCO SYS COMMON 17275R102 5,701,355 -115,555 -1.99 270,871 -6.70 0.5619
2024-05-14 2024-03-31 13F CISCO SYS COMMON 17275R102 5,816,910 -122,783 -2.07 290,322 -3.25 0.6088
2024-02-14 2023-12-31 13F CISCO SYS COMMON 17275R102 5,939,693 76,568 1.31 300,073 -4.80 0.6839
2023-11-13 2023-09-30 13F CISCO SYS COMMON 17275R102 5,863,125 70,395 1.22 315,202 5.17 0.8597
2023-08-11 2023-06-30 13F CISCO SYS COMMON 17275R102 5,792,730 -557,153 -8.77 299,716 -9.71 0.7911
2023-05-15 2023-03-31 13F CISCO SYS COMMON 17275R102 6,349,883 281,397 4.64 331,940 114,758.13 0.8188
2023-02-13 2022-12-31 13F CISCO SYS COMMON 17275R102 6,068,486 852,492 16.34 289 -99.86 0.7613
2022-11-15 2022-09-30 13F CISCO SYS COMMON 17275R102 5,215,994 47,065 0.91 208,640 -5.34 0.6148
2022-08-08 2022-06-30 13F CISCO SYS COMMON 17275R102 5,168,929 -63,681 -1.22 220,403 -24.46 0.6118
2022-05-13 2022-03-31 13F CISCO SYS COMMON 17275R102 5,232,610 94,569 1.84 291,770 -10.39 0.7210
2022-02-09 2021-12-31 13F CISCO SYS INC COM COMMON 17275R102 5,138,041 187,646 3.79 325,598 20.84 0.7612
2021-11-12 2021-09-30 13F CISCO SYS INC COM COMMON 17275R102 4,950,395 -220,629 -4.27 269,450 -1.68 0.6891
2021-08-11 2021-06-30 13F CISCO SYS INC COM COMMON 17275R102 5,171,024 232,322 4.70 274,064 7.32 0.7123
2021-05-13 2021-03-31 13F CISCO SYS INC COM COMMON 17275R102 4,938,702 -679,298 -12.09 255,381 1.58 0.7162
2021-02-11 2020-12-31 13F CISCO SYS INC COM COMMON 17275R102 5,618,000 -638,642 -10.21 251,406 2.01 0.7515
2020-11-12 2020-09-30 13F CISCO SYS INC COM COMMON 17275R102 6,256,642 3,649 0.06 246,449 -15.50 0.8444
2020-10-22 2020-06-30 13F/A-1 CISCO SYS INC COM COMMON 17275R102 6,252,993 23,023 0.37 291,640 19.08 1.0986
2020-08-14 2020-06-30 13F CISCO SYS INC COM COMMON 17275R102 6,183,868 -46,102 294,213 583,063.3217
2020-05-14 2020-03-31 13F CISCO SYS INC COM COMMON 17275R102 6,229,970 46,938 0.76 244,901 -17.41 1.1184
2020-02-14 2019-12-31 13F CISCO SYS INC COM COMMON 17275R102 6,183,032 110,558 1.82 296,538 -1.17 1.0645
2019-11-14 2019-09-30 13F CISCO SYSTEMS Common 17275R102 6,072,474 48,247 0.80 300,040 -9.00 1.1818
2019-08-14 2019-06-30 13F CISCO SYSTEMS COMMON 17275R102 6,024,227 2,413,277 66.83 329,706 69.12 1.2820
2019-05-14 2019-03-31 13F CISCO SYSTEMS COMMON 17275R102 3,610,950 125,445 3.60 194,952 29.08 1.1399
2019-02-14 2018-12-31 13F Cisco Systems COMMON 17275R102 3,485,505 245,739 7.59 151,027 -4.61 1.0251
2018-11-13 2018-09-30 13F Cisco Systems COMMON 17275R102 3,239,766 -59 -0.00 158,327 13.57 0.9920
2018-08-13 2018-06-30 13F Cisco Systems COMMON 17275R102 3,239,825 76,055 2.40 139,410 2.74 0.9462
2018-05-14 2018-03-31 13F Cisco Systems COMMON 17275R102 3,163,770 23,650 0.75 135,695 12.83 0.9554
2018-02-09 2017-12-31 13F CISCO SYS COMMON 17275R102 3,140,120 9,538 0.30 120,267 14.23 0.8519
2017-11-14 2017-09-30 13F CISCO SYS COMMON 17275R102 3,130,582 116,832 3.88 105,281 11.61 0.7941
2017-08-14 2017-06-30 13F CISCO SYS COMMON 17275R102 3,013,750 679,499 29.11 94,330 19.56 0.7390
2017-06-19 2017-03-31 13F/A-1 CISCO SYS COMMON 17275R102 2,334,251 1,078 0.05 78,898 11.90 0.6381
2017-05-09 2017-03-31 13F CISCO SYS COMMON 17275R102 2,334,251 78,898
2017-02-10 2016-12-31 13F CISCO SYS COMMON 17275R102 2,333,173 -7,528 -0.32 70,508 -5.04 0.6122
2016-11-10 2016-09-30 13F CISCO SYS COMMON 17275R102 2,340,701 -786,601 -25.15 74,247 -17.64 0.6651
2016-08-11 2016-06-30 13F CISCO SYS COMMON 17275R102 3,127,302 14,526 0.47 90,145 1.72 0.8267
2016-05-12 2016-03-31 13F CISCO SYS COMMON 17275R102 3,112,776 907,309 41.14 88,621 47.98 0.8479
2016-02-11 2015-12-31 13F CISCO SYS COMMON 17275R102 2,205,467 61,960 2.89 59,889 6.44 0.5990
2015-11-12 2015-09-30 13F CISCO SYS COMMON 17275R102 2,143,507 -687,603 -24.29 56,267 -27.62 0.5982
2015-08-14 2015-06-30 13F CISCO SYS COMMON 17275R102 2,831,110 2,831,110 77,742 0.7650
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.