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Barings LLC

SEC CIK
0000009015
Latest filing
Aug 7, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Feb 8, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
145
−5 vs. Q3 2023
Portfolio value
$3.14B
+$206.5M (+7.0%) vs. Q3 2023
Filed
Feb 8, 2024
SEC
Holdings of Barings LLC in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF1,727,406$825.1M26.3%−37,439−2.1%Reduced–
Invesco QQQ Trust Series I46090E103ETF939,645$384.8M12.3%−18,400−1.9%Reduced–
iShares Russell 2000 Growth ETF464287648ETF1,505,250$379.7M12.1%+47,200+3.2%Added–
BBDCBarings BDC, Inc.COM13,639,681$117.0M3.7%00.0%UnchangedHistory
PDDPDD Holdings Inc.SPONSORED ADS704,130$103.0M3.3%+186,189+35.9%AddedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF911,537$90.5M2.9%+86,523+10.5%Added–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF745,446$82.5M2.6%−14,877−2.0%Reduced–
SPYSPDR S&P 500 ETF TrustETF157,933$75.1M2.4%+70,465+80.6%AddedHistory
CRHCRH Public Ltd CoORD1,012,435$70.0M2.2%+28,130+2.9%AddedHistory
iShares MSCI USA Quality Factor ETF46432F339ETF368,064$54.2M1.7%+327,813+814.4%Added–
iShares Tr46429B655FLTG RATE NT ETF884,000$44.7M1.4%−147,000−14.3%Reduced–
iShares Tr4642874407-10 YR TRSY BD451,067$43.5M1.4%−165,080−26.8%Reduced–
SUSuncor Energy IncStock1,254,515$40.2M1.3%−439,563−25.9%ReducedHistory
iShares S&P 500 Growth ETF464287309ETF520,665$39.1M1.2%−36,454−6.5%Reduced–
iShares Inc464286392MSCI WORLD ETF278,266$37.0M1.2%+18,374+7.1%Added–
Vanguard Total World Stock ETF922042742ETF339,731$35.0M1.1%−130,062−27.7%Reduced–
NTRNutrien Ltd.COM533,688$30.1M1.0%+94,715+21.6%AddedHistory
iShares Inc464286251JP MRG EM CRP BD673,412$29.7M0.9%−80,276−10.7%Reduced–
LINLinde PLCStock67,671$27.8M0.9%−10,623−13.6%ReducedHistory
YUMCYum China Holdings, Inc.COM543,013$23.0M0.7%+115,500+27.0%AddedHistory
XOMExxonMobil Holdings CorpCOM212,728$21.3M0.7%00.0%UnchangedHistory
EDUNew Oriental Education & Technology Group Inc.SPON ADR246,181$18.0M0.6%+246,181NewHistory
CTVACorteva, Inc.Stock357,083$17.1M0.5%−15,810−4.2%ReducedHistory
Vanguard Scottsdale FDS92206C813LG-TERM COR BD202,755$16.3M0.5%+5,759+2.9%Added–
COPConocoPhillipsStock130,986$15.2M0.5%−547−0.4%ReducedHistory
CVXChevron CorpStock99,991$14.9M0.5%+30,237+43.3%AddedHistory
Mfa Finl Inc55272XAA0NOTE 6.250% 6/1–$14.7M0.5%–––
iShares Esg Aware US Aggregate Bond ETF46435U549ETF303,107$14.5M0.5%+27,030+9.8%Added–
CFCF Industries Holdings, Inc.COM181,580$14.4M0.5%−25,386−12.3%ReducedHistory
SESea LtdSPONSORD ADS350,830$14.2M0.5%−89,853−20.4%ReducedHistory
iShares Tr46435G193ESG AWRE USD ETF563,514$13.1M0.4%+563,514New–
HTHTH World Group LtdSPONSORED ADS368,836$12.3M0.4%−635,199−63.3%ReducedHistory
ONCBeOne Medicines Ltd.ADR60,379$10.9M0.3%+60,379NewHistory
iShares Inc464286608MSCI EURZONE ETF228,625$10.8M0.3%+10,791+5.0%Added–
FMXMexican Economic Development IncSPON ADR UNITS82,336$10.7M0.3%−10,470−11.3%ReducedHistory
First Tr Exch Traded FD III33739E108PFD SECS INC ETF633,195$10.7M0.3%+427,333+207.6%Added–
PBR.APetrobras - Petroleo Brasileiro SASP ADR NON VTG648,301$9.91M0.3%00.0%UnchangedHistory
State Street SPDR Bloomberg Convertible Securities ETF78464A359ETF136,798$9.87M0.3%00.0%Unchanged–
EOGEOG Resources IncStock81,368$9.84M0.3%−474−0.6%ReducedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD1,376,861$9.57M0.3%00.0%UnchangedHistory
WisdomTree Tr97717W315EMER MKT HIGH FD232,724$9.47M0.3%+111,412+91.8%Added–
SHWSherwin Williams CoCOM30,198$9.42M0.3%00.0%UnchangedHistory
VALEVale S.A.SPONSORED ADS567,687$9.00M0.3%00.0%UnchangedHistory
LWLamb Weston Holdings, Inc.Stock81,369$8.80M0.3%+53,043+187.3%AddedHistory
DARDarling Ingredients Inc.COM174,278$8.69M0.3%00.0%UnchangedHistory
iShares Tr46434V639CUR HD EURZN ETF257,688$8.58M0.3%00.0%Unchanged–
VanEck Morningstar Wide Moat ETF92189F643ETF98,601$8.37M0.3%+98,601New–
DEDeere & CoStock19,538$7.81M0.2%−2,220−10.2%ReducedHistory
MOSMosaic CoCOM214,158$7.65M0.2%−46,806−17.9%ReducedHistory
MSFTMicrosoft CorpStock20,126$7.57M0.2%+333+1.7%AddedHistory
BGBunge Global SACOM SHS73,727$7.44M0.2%−26,883−26.7%ReducedHistory
Upstart Hldgs Inc91680MAB3NOTE 0.250% 8/1–$7.41M0.2%–––
AGCOAGCO CorpCOM59,728$7.25M0.2%00.0%UnchangedHistory
NUENucor CorpCOM40,218$7.00M0.2%−468−1.2%ReducedHistory
Global X FDS37954Y350X EMERGING MKT295,300$6.61M0.2%+6,000+2.1%Added–
ADMArcher-Daniels-Midland CoStock90,132$6.51M0.2%00.0%UnchangedHistory
BBDBank BradescoSP ADR PFD NEW1,850,828$6.48M0.2%00.0%UnchangedHistory
LILi Auto Inc.SPONSORED ADS167,386$6.27M0.2%00.0%UnchangedHistory
DISH Network CORP25470MAB5NOTE 3.375% 8/1–$6.23M0.2%–––
VLOValero Energy CorpStock47,451$6.17M0.2%−516−1.1%ReducedHistory
iShares Inc464286871MSCI HONG KG ETF349,598$6.07M0.2%+24,401+7.5%Added–
SCCOSouthern Copper CorpStock63,563$5.47M0.2%00.0%UnchangedHistory
AMZNAmazon Com IncStock35,930$5.46M0.2%−1,767−4.7%ReducedHistory
DOWDow Inc.Stock98,560$5.41M0.2%00.0%UnchangedHistory
FNFabrinetSHS27,642$5.26M0.2%00.0%UnchangedHistory
SBSCompanhia de Saneamento Basico Do Estado de Sao Paulo-SabespSPONSORED ADR341,293$5.20M0.2%00.0%UnchangedHistory
TSCOTractor Supply CoCOM23,808$5.12M0.2%−3,498−12.8%ReducedHistory
TCPCBlackRock TCP Capital Corp.COM439,638$5.07M0.2%00.0%UnchangedHistory
LYBLyondellBasell Industries N.V.SHS - A -53,262$5.06M0.2%−260−0.5%ReducedHistory
iShares Core MSCI Europe ETF46434V738ETF91,496$5.03M0.2%+9,250+11.2%Added–
CIBGrupo Cibest S.A.SPON ADR PREF155,940$4.80M0.2%+48,185+44.7%AddedHistory
Bill Com Hldgs Inc090043AB6NOTE 12/0–$4.69M0.1%–New–
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A217,890$4.64M0.1%−1,444−0.7%ReducedHistory
Itron, Inc.465741AN6NOTE 3/1–$4.60M0.1%–––
GOOGLAlphabet Inc.Stock32,786$4.58M0.1%+507+1.6%AddedHistory
HESHess CorpStock31,055$4.48M0.1%−31,966−50.7%ReducedHistory
ASAIYSendas Distributor S.A.SPON ADS312,759$4.32M0.1%+46,818+17.6%AddedHistory
AUAngloGold Ashanti PLCCOM SHS227,538$4.25M0.1%00.0%UnchangedHistory
UNHUnitedHealth Group IncStock7,769$4.09M0.1%−55−0.7%ReducedHistory
PPCPilgrims Pride CorpStock146,876$4.06M0.1%+146,876NewHistory
Babson Cap Corporate Inv05617K109COM219,664$4.05M0.1%00.0%Unchanged–
CNHCNH Industrial N.V.SHS327,440$3.99M0.1%+74,538+29.5%AddedHistory
iShares Tr464288646ISHS 1-5YR INVS76,800$3.94M0.1%00.0%Unchanged–
iShares Tr464288257MSCI ACWI ETF35,199$3.58M0.1%+4,922+16.3%Added–
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR214,013$3.42M0.1%00.0%UnchangedHistory
Vanguard Information Technology ETF92204A702ETF6,917$3.35M0.1%00.0%Unchanged–
NVDANVIDIA CorpStock6,259$3.10M0.1%+904+16.9%AddedHistory
AONAon plcCL A10,251$2.98M0.1%−1,035−9.2%ReducedHistory
ABEVAmbev S.A.SPONSORED ADR1,006,832$2.82M0.1%00.0%UnchangedHistory
Omnicell Com68213NAD1NOTE 0.250% 9/1–$2.76M0.1%–––
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD35,256$2.73M0.1%−8,930−20.2%Reduced–
AXIAYAXIA Energia S.A.SPONSORED ADR304,293$2.62M0.1%+304,293NewHistory
VanEck ETF Trust92189F411BDC INCOME ETF163,313$2.62M0.1%00.0%Unchanged–
AAPLApple Inc.Stock13,194$2.54M0.1%+805+6.5%AddedHistory
CRMSalesforce, Inc.Stock8,667$2.28M0.1%+227+2.7%AddedHistory
Barings Partn Invs Trust05616B100COM143,404$2.24M0.1%00.0%Unchanged–
MCDMcDonalds CorpStock7,480$2.22M0.1%−973−11.5%ReducedHistory
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS67,764$2.00M0.1%−20,263−23.0%ReducedHistory
PCTYPaylocity Holding CorpCOM10,649$1.76M0.1%+1,413+15.3%AddedHistory
TJXTJX Companies IncStock17,227$1.62M0.1%−2,914−14.5%ReducedHistory

Sold out since Q3 2023 (17)

Positions held at the end of Q3 2023 that are gone from this filing.

Positions of Barings LLC sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF387,587$42.8M1.5%–
First Tr Exchange-Traded FD33737A108NASDQ CLN EDGE311,246$29.2M1.0%–
Invesco Exchange Traded FD T46137V431S&P 500 GARP ETF98,363$8.97M0.3%–
iShares Tr464287341GLOBAL ENERG ETF189,971$7.84M0.3%–
GTXGarrett Motion Inc.Stock881,522$6.95M0.2%History
ALBAlbemarle CorpStock27,763$4.72M0.2%History
FMCFMC CorpCOM NEW44,074$2.95M0.1%History
iShares Tr464287861EUROPE ETF55,464$2.65M0.1%–
GLOBGlobant S.A.COM11,806$2.34M0.1%History
2U, LLC90214JAB7NOTE 2.250% 5/0–$1.79M0.1%–
WSCWillScot Holdings CorpCOM CL A14,582$606.5K<0.1%History
JPMJPMorgan Chase & CoStock1,790$259.6K<0.1%History
CSCOCisco Systems, Inc.Stock4,514$242.7K<0.1%History
CMCSAComcast CorpStock5,209$231.0K<0.1%History
JNJJohnson & JohnsonStock1,335$207.9K<0.1%History
LRCXLam Research CorpCOM328$205.6K<0.1%History
AMATApplied Materials IncStock1,481$205.0K<0.1%History