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Barings LLC

SEC CIK
0000009015
Latest filing
Aug 7, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 13, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
150
−17 vs. Q2 2023
Portfolio value
$2.93B
−$27.3M (−0.9%) vs. Q2 2023
Filed
Nov 13, 2023
SEC
Holdings of Barings LLC in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF1,764,845$757.9M25.8%−70,577−3.8%Reduced–
Invesco QQQ Trust Series I46090E103ETF958,045$343.2M11.7%−77,086−7.4%Reduced–
iShares Russell 2000 Growth ETF464287648ETF1,458,050$326.8M11.1%+45,100+3.2%Added–
BBDCBarings BDC, Inc.COM13,639,681$121.5M4.1%00.0%UnchangedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF825,014$77.6M2.6%+28,418+3.6%Added–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF760,323$77.6M2.6%−39,269−4.9%Reduced–
SUSuncor Energy IncStock1,694,078$58.2M2.0%−41,571−2.4%ReducedHistory
iShares Tr4642874407-10 YR TRSY BD616,147$56.4M1.9%+4,767+0.8%Added–
CRHCRH Public Ltd CoORD984,305$53.9M1.8%+984,305NewHistory
iShares Tr46429B655FLTG RATE NT ETF1,031,000$52.5M1.8%00.0%Unchanged–
PDDPDD Holdings Inc.SPONSORED ADS517,941$50.8M1.7%00.0%UnchangedHistory
Vanguard Total World Stock ETF922042742ETF469,793$43.8M1.5%−274,522−36.9%Reduced–
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF387,587$42.8M1.5%+245,233+172.3%Added–
HTHTH World Group LtdSPONSORED ADS1,004,035$39.6M1.4%−67,646−6.3%ReducedHistory
iShares S&P 500 Growth ETF464287309ETF557,119$38.1M1.3%+305,623+121.5%Added–
SPYSPDR S&P 500 ETF TrustETF87,468$37.4M1.3%+59,247+209.9%AddedHistory
iShares Inc464286251JP MRG EM CRP BD753,688$31.9M1.1%00.0%Unchanged–
iShares Core High Dividend ETF46429B663ETF317,248$31.4M1.1%+317,248New–
iShares Inc464286392MSCI WORLD ETF259,892$31.2M1.1%+99,892+62.4%Added–
First Tr Exchange-Traded FD33737A108NASDQ CLN EDGE311,246$29.2M1.0%+122,206+64.6%Added–
LINLinde PLCStock78,294$29.2M1.0%−394−0.5%ReducedHistory
NTRNutrien Ltd.COM438,973$27.1M0.9%+36,035+8.9%AddedHistory
XOMExxonMobil Holdings CorpCOM212,728$25.0M0.9%+17,088+8.7%AddedHistory
YUMCYum China Holdings, Inc.COM427,513$23.8M0.8%−29,511−6.5%ReducedHistory
SESea LtdSPONSORD ADS440,683$19.4M0.7%+13,627+3.2%AddedHistory
CTVACorteva, Inc.Stock372,893$19.1M0.7%00.0%UnchangedHistory
CFCF Industries Holdings, Inc.COM206,966$17.7M0.6%+68,183+49.1%AddedHistory
COPConocoPhillipsStock131,533$15.8M0.5%−12,778−8.9%ReducedHistory
Mfa Finl Inc55272XAA0NOTE 6.250% 6/1–$14.7M0.5%–––
Vanguard Scottsdale FDS92206C813LG-TERM COR BD196,996$14.1M0.5%+6,007+3.1%Added–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF276,077$12.5M0.4%00.0%Unchanged–
CVXChevron CorpStock69,754$11.8M0.4%+138+0.2%AddedHistory
BGBunge Global SACOM100,610$10.9M0.4%−7,687−7.1%ReducedHistory
EOGEOG Resources IncStock81,842$10.4M0.4%−12,546−13.3%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS92,806$10.1M0.3%+92,806NewHistory
HESHess CorpStock63,021$9.64M0.3%−8,529−11.9%ReducedHistory
MOSMosaic CoCOM260,964$9.29M0.3%+260,964NewHistory
State Street SPDR Bloomberg Convertible Securities ETF78464A359ETF136,798$9.27M0.3%+95,686+232.7%Added–
iShares Inc464286608MSCI EURZONE ETF217,834$9.20M0.3%00.0%Unchanged–
DARDarling Ingredients Inc.COM174,278$9.10M0.3%−27,357−13.6%ReducedHistory
Invesco Exchange Traded FD T46137V431S&P 500 GARP ETF98,363$8.97M0.3%−35,381−26.5%Reduced–
PBR.APetrobras - Petroleo Brasileiro SASP ADR NON VTG648,301$8.89M0.3%−190,438−22.7%ReducedHistory
SQMChemical & Mining Co of Chile IncSPON ADR SER B143,399$8.56M0.3%+55,771+63.6%AddedHistory
DEDeere & CoStock21,758$8.21M0.3%−12,803−37.0%ReducedHistory
iShares Tr46434V639CUR HD EURZN ETF257,688$7.92M0.3%+257,688New–
iShares Tr464287341GLOBAL ENERG ETF189,971$7.84M0.3%+189,971New–
SHWSherwin Williams CoCOM30,198$7.70M0.3%00.0%UnchangedHistory
VALEVale S.A.SPONSORED ADS567,687$7.61M0.3%+84,462+17.5%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD1,376,861$7.39M0.3%00.0%UnchangedHistory
AGCOAGCO CorpCOM59,728$7.06M0.2%−8,702−12.7%ReducedHistory
DISH Network CORP25470MAB5NOTE 3.375% 8/1–$6.98M0.2%–––
GTXGarrett Motion Inc.Stock881,522$6.95M0.2%−1,720,725−66.1%ReducedHistory
ADMArcher-Daniels-Midland CoStock90,132$6.80M0.2%−1,510−1.6%ReducedHistory
VLOValero Energy CorpStock47,967$6.80M0.2%+47,967NewHistory
NUENucor CorpCOM40,686$6.36M0.2%+5,161+14.5%AddedHistory
MSFTMicrosoft CorpStock19,793$6.25M0.2%−2,699−12.0%ReducedHistory
Global X FDS37954Y350X EMERGING MKT289,300$6.01M0.2%−17,500−5.7%Reduced–
LILi Auto Inc.SPONSORED ADS167,386$5.97M0.2%−34,323−17.0%ReducedHistory
iShares Inc464286871MSCI HONG KG ETF325,197$5.58M0.2%−27,177−7.7%Reduced–
TSCOTractor Supply CoCOM27,306$5.54M0.2%−27,009−49.7%ReducedHistory
iShares MSCI USA Quality Factor ETF46432F339ETF40,251$5.30M0.2%00.0%Unchanged–
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A219,334$5.30M0.2%00.0%UnchangedHistory
BBDBank BradescoSP ADR PFD NEW1,850,828$5.27M0.2%00.0%UnchangedHistory
TCPCBlackRock TCP Capital Corp.COM439,638$5.16M0.2%−1,163,734−72.6%ReducedHistory
DOWDow Inc.Stock98,560$5.08M0.2%00.0%UnchangedHistory
LYBLyondellBasell Industries N.V.SHS - A -53,522$5.07M0.2%−180−0.3%ReducedHistory
AMZNAmazon Com IncStock37,697$4.79M0.2%+1,471+4.1%AddedHistory
SCCOSouthern Copper CorpStock63,563$4.79M0.2%+63,563NewHistory
ALBAlbemarle CorpStock27,763$4.72M0.2%+118+0.4%AddedHistory
FNFabrinetSHS27,642$4.61M0.2%+13,749+99.0%AddedHistory
WisdomTree Tr97717W315EMER MKT HIGH FD121,312$4.55M0.2%−396,892−76.6%Reduced–
GOOGLAlphabet Inc.Stock32,279$4.22M0.1%+20,841+182.2%AddedHistory
SBSCompanhia de Saneamento Basico Do Estado de Sao Paulo-SabespSPONSORED ADR341,293$4.14M0.1%+179,533+111.0%AddedHistory
iShares Core MSCI Europe ETF46434V738ETF82,246$4.08M0.1%+35,375+75.5%Added–
UNHUnitedHealth Group IncStock7,824$3.94M0.1%+464+6.3%AddedHistory
iShares Tr464288646ISHS 1-5YR INVS76,800$3.83M0.1%00.0%Unchanged–
AONAon plcCL A11,286$3.66M0.1%−177−1.5%ReducedHistory
AUAngloGold Ashanti PLCCOM SHS227,538$3.60M0.1%+65,286+40.2%AddedHistory
Babson Cap Corporate Inv05617K109COM219,664$3.50M0.1%00.0%Unchanged–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD44,186$3.32M0.1%−18,180−29.2%Reduced–
First Tr Exch Traded FD III33739E108PFD SECS INC ETF205,862$3.29M0.1%−46,879−18.5%Reduced–
ASAIYSendas Distributor S.A.SPON ADS265,941$3.24M0.1%00.0%UnchangedHistory
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR214,013$3.21M0.1%00.0%UnchangedHistory
CNHCNH Industrial N.V.SHS252,902$3.06M0.1%−263,123−51.0%ReducedHistory
FMCFMC CorpCOM NEW44,074$2.95M0.1%−39,329−47.2%ReducedHistory
CIBGrupo Cibest S.A.SPON ADR PREF107,755$2.87M0.1%−58,702−35.3%ReducedHistory
Vanguard Information Technology ETF92204A702ETF6,917$2.87M0.1%−8,594−55.4%Reduced–
iShares Tr464288257MSCI ACWI ETF30,277$2.80M0.1%−9,957−24.7%Reduced–
Omnicell Com68213NAD1NOTE 0.250% 9/1–$2.71M0.1%–New–
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS88,027$2.68M0.1%+88,027NewHistory
iShares Tr464287861EUROPE ETF55,464$2.65M0.1%−266,192−82.8%Reduced–
LWLamb Weston Holdings, Inc.Stock28,326$2.62M0.1%+28,326NewHistory
VanEck ETF Trust92189F411BDC INCOME ETF163,313$2.62M0.1%+72,717+80.3%Added–
ABEVAmbev S.A.SPONSORED ADR1,006,832$2.60M0.1%00.0%UnchangedHistory
EOSEEos Energy Enterprises, Inc.COM CL A1,204,430$2.59M0.1%00.0%UnchangedHistory
Itron, Inc.465741AN6NOTE 3/1–$2.58M0.1%–––
GLOBGlobant S.A.COM11,806$2.34M0.1%00.0%UnchangedHistory
NVDANVIDIA CorpStock5,355$2.33M0.1%+1,434+36.6%AddedHistory
MCDMcDonalds CorpStock8,453$2.23M0.1%+270+3.3%AddedHistory
AAPLApple Inc.Stock12,389$2.12M0.1%−3,387−21.5%ReducedHistory

Sold out since Q2 2023 (34)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Barings LLC sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
Pennymac Corp70932AAD5NOTE 5.500%11/0–$16.5M0.6%–
GPREGreen Plains Inc.COM352,630$11.4M0.4%History
DBX ETF Tr233051879XTRACK HRVST CSI256,113$6.85M0.2%–
iShares Tr464288182MSCI AC ASIA ETF54,303$3.61M0.1%–
TDCX Inc87190U100ADS433,217$3.43M0.1%–
iShares Tr46435G102CONV BD ETF33,764$2.58M0.1%–
Vanguard Scottsdale FDS92206C706INTER TERM TREAS42,826$2.51M0.1%–
WFRDWeatherford International plcORD SHS26,861$1.78M0.1%History
VALValaris LtdCL A19,835$1.25M<0.1%History
TMOThermo Fisher Scientific Inc.Stock2,204$1.15M<0.1%History
Vanguard Ftse Emerging Markets ETF922042858ETF27,836$1.13M<0.1%–
iShares Tr4642874571 3 YR TREAS BD8,944$725.2K<0.1%–
PGProcter & Gamble CoStock3,791$575.2K<0.1%History
TTWOTake Two Interactive Software IncCOM3,447$507.3K<0.1%History
MGRCMcGrath RentcorpCOM5,394$498.8K<0.1%History
COSTCostco Wholesale CorpStock908$488.8K<0.1%History
IFFInternational Flavors & Fragrances IncCOM5,931$472.0K<0.1%History
KOCoca Cola CoStock6,558$394.9K<0.1%History
WMTWalmart Inc.Stock2,375$373.3K<0.1%History
HDHome Depot, Inc.Stock1,002$311.3K<0.1%History
ADIAnalog Devices IncStock1,544$300.8K<0.1%History
NFLXNetflix IncStock631$277.9K<0.1%History
MRKMerck & Co., Inc.Stock2,400$276.9K<0.1%History
ABTAbbott LaboratoriesStock2,495$272.0K<0.1%History
VRTXVertex Pharmaceuticals IncStock739$260.1K<0.1%History
ISRGIntuitive Surgical IncCOM NEW759$259.5K<0.1%History
DHRDanaher CorpStock1,017$244.1K<0.1%History
ACNAccenture plcStock773$238.5K<0.1%History
Orbital Infrastructure G68559A208COM105,002$224.7K<0.1%–
MDLZMondelez International, Inc.Stock2,974$216.9K<0.1%History
KLACKLA CorpCOM NEW437$212.0K<0.1%History
WSTWest Pharmaceutical Services IncCOM541$206.9K<0.1%History
BACBank of America CorpStock7,029$201.7K<0.1%History
ABBVAbbVie Inc.Stock1,491$200.9K<0.1%History