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Barings LLC

SEC CIK
0000009015
Latest filing
Aug 7, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 9, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
163
0 vs. Q4 2024
Portfolio value
$4.01B
−$204.2M (−4.8%) vs. Q4 2024
Filed
May 9, 2025
SEC
Holdings of Barings LLC in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF1,599,221$898.6M22.4%−304,063−16.0%Reduced–
Invesco QQQ Trust Series I46090E103ETF911,307$427.3M10.7%+18,500+2.1%Added–
iShares Russell 2000 Growth ETF464287648ETF1,623,850$418.3M10.4%+79,800+5.2%Added–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD5,108,527$403.3M10.1%−41,430−0.8%Reduced–
iShares Tr464288646ISHS 1-5YR INVS6,840,027$358.2M8.9%00.0%Unchanged–
BBDCBarings BDC, Inc.COM13,639,681$130.1M3.2%00.0%UnchangedHistory
SPYSPDR S&P 500 ETF TrustETF111,583$62.4M1.6%+52,701+89.5%AddedHistory
PDDPDD Holdings Inc.SPONSORED ADS511,703$60.6M1.5%−226,467−30.7%ReducedHistory
iShares Tr4642874407-10 YR TRSY BD629,394$60.0M1.5%+33,576+5.6%Added–
iShares MSCI USA Quality Factor ETF46432F339ETF287,541$49.1M1.2%+56,323+24.4%Added–
iShares Inc464286392MSCI WORLD ETF314,245$48.1M1.2%+65,203+26.2%Added–
iShares Tr46429B655FLTG RATE NT ETF780,000$39.8M1.0%−90,000−10.3%Reduced–
iShares Tr464287861EUROPE ETF682,193$39.7M1.0%+665,015+3,871.3%Added–
SESea LtdSPONSORD ADS291,272$38.0M0.9%−8,758−2.9%ReducedHistory
WPMWheaton Precious Metals Corp.COM468,069$36.3M0.9%−99,964−17.6%ReducedHistory
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF301,611$33.3M0.8%+301,611New–
CRHCRH Public Ltd CoORD324,565$28.6M0.7%−157,503−32.7%ReducedHistory
AUAngloGold Ashanti PLCCOM SHS727,628$27.2M0.7%−133,836−15.5%ReducedHistory
iShares Tr464287234MSCI EMG MKT ETF567,647$24.8M0.6%+567,647New–
iShares Tr464287515EXPANDED TECH271,138$24.1M0.6%+123,279+83.4%Added–
Sabre GLBL Inc78573NAK8NOTE 4.000% 8/0–$24.1M0.6%–––
Vanguard Total World Stock ETF922042742ETF204,961$23.8M0.6%+181,040+756.8%Added–
YUMCYum China Holdings, Inc.COM447,969$23.3M0.6%−88,818−16.5%ReducedHistory
iShares Tr46435G193ESG AWRE USD ETF1,009,387$23.3M0.6%−309,582−23.5%Reduced–
BEKEKE Holdings Inc.SPONSORED ADS1,151,606$23.1M0.6%−86,105−7.0%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS319,467$21.2M0.5%−46,050−12.6%ReducedHistory
Vanguard Financials ETF92204A405ETF177,546$21.2M0.5%+177,546New–
Vanguard S&P 500 ETF922908363ETF39,721$20.4M0.5%−12,820−24.4%Reduced–
Parsons Corp70202LAD4NOTE 2.625% 3/0–$19.9M0.5%–New–
Herbalife Ltd.42703MAF0NOTE 4.250% 6/1–$19.3M0.5%–––
Invesco Exch Traded FD Tr II46138E362S&P500 HDL VOL376,798$18.9M0.5%−112,291−23.0%Reduced–
LINLinde PLCStock37,527$17.5M0.4%−8,104−17.8%ReducedHistory
QGENQiagen N.V.COMMON STOCK407,996$16.2M0.4%+407,996NewHistory
SUSuncor Energy IncStock404,920$15.7M0.4%−149,966−27.0%ReducedHistory
ONCBeOne Medicines Ltd.ADR55,604$15.1M0.4%−15,818−22.1%ReducedHistory
Global X FDS37954Y350X EMERGING MKT651,900$14.9M0.4%+170,000+35.3%Added–
XOMExxonMobil Holdings CorpCOM124,369$14.8M0.4%−58,376−31.9%ReducedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF141,889$14.0M0.4%+14,936+11.8%Added–
Invesco Nasdaq 100 ETF46138G649ETF69,013$13.3M0.3%−3,837−5.3%Reduced–
iShares Inc464286251JP MRG EM CRP BD272,442$12.3M0.3%−59,196−17.8%Reduced–
ENBEnbridge IncStock277,354$12.3M0.3%−24,601−8.1%ReducedHistory
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF110,627$12.0M0.3%00.0%Unchanged–
First Tr Exch Traded FD III33739E108PFD SECS INC ETF622,445$10.9M0.3%−10,750−1.7%Reduced–
iShares Inc464286608MSCI EURZONE ETF193,846$10.3M0.3%+75,596+63.9%Added–
Vanguard Information Technology ETF92204A702ETF18,474$10.0M0.3%00.0%Unchanged–
NUNu Holdings Ltd.ORD SHS CL A920,556$9.43M0.2%00.0%UnchangedHistory
PBR.APetrobras - Petroleo Brasileiro SASP ADR NON VTG721,452$9.41M0.2%00.0%UnchangedHistory
CTVACorteva, Inc.Stock149,466$9.41M0.2%+40,343+37.0%AddedHistory
Upstart Hldgs Inc91680MAB3NOTE 0.250% 8/1–$9.31M0.2%–––
COPConocoPhillipsStock88,102$9.25M0.2%−13,607−13.4%ReducedHistory
NBRNabors Industries LtdSHS212,526$8.86M0.2%+212,526NewHistory
MOSMosaic CoCOM322,205$8.70M0.2%+201,131+166.1%AddedHistory
VALEVale S.A.SPONSORED ADS845,593$8.44M0.2%+44,897+5.6%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD1,514,547$8.33M0.2%+137,686+10.0%AddedHistory
EOGEOG Resources IncStock60,352$7.74M0.2%−19,727−24.6%ReducedHistory
CVXChevron CorpStock44,794$7.49M0.2%−34,874−43.8%ReducedHistory
AEMAgnico Eagle Mines LtdStock67,590$7.32M0.2%−21,575−24.2%ReducedHistory
VNETVNET Group, Inc.SPONSORED ADS A832,077$6.82M0.2%+832,077NewHistory
PAASPan American Silver CorpStock255,120$6.59M0.2%+51,248+25.1%AddedHistory
BAPCredicorp LtdCOM34,737$6.47M0.2%00.0%UnchangedHistory
NTRNutrien Ltd.COM126,661$6.29M0.2%−3,946−3.0%ReducedHistory
MLMoneylion Inc.COMM STK67,620$5.85M0.1%00.0%UnchangedHistory
DARDarling Ingredients Inc.COM182,031$5.69M0.1%+32,157+21.5%AddedHistory
SHWSherwin Williams CoCOM16,200$5.66M0.1%−3,399−17.3%ReducedHistory
AXIAYAXIA Energia S.A.SPONSORED ADR795,740$5.65M0.1%−4,003−0.5%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS55,129$5.38M0.1%−25,025−31.2%ReducedHistory
NUENucor CorpCOM44,646$5.37M0.1%−10,596−19.2%ReducedHistory
SLBSLB LimitedStock127,748$5.34M0.1%+64,594+102.3%AddedHistory
MCIBarings Corporate InvestorsCOM219,664$5.15M0.1%00.0%UnchangedHistory
VLOValero Energy CorpStock38,580$5.10M0.1%−16,579−30.1%ReducedHistory
MSFTMicrosoft CorpStock13,540$5.08M0.1%+694+5.4%AddedHistory
CNHCNH Industrial N.V.SHS410,115$5.04M0.1%00.0%UnchangedHistory
ECLEcolab Inc.Stock19,667$4.99M0.1%−5,396−21.5%ReducedHistory
HESHess CorpStock31,095$4.97M0.1%+31,095NewHistory
Wayfair Inc.94419LAP6NOTE 3.250% 9/1–$4.89M0.1%–New–
CTGOContango Silver & Gold Inc.COM476,190$4.86M0.1%00.0%UnchangedHistory
MPVBarings Participation InvestorsSH BEN INT275,017$4.85M0.1%+3,701+1.4%AddedHistory
AMZNAmazon Com IncStock25,412$4.83M0.1%−812−3.1%ReducedHistory
VanEck Morningstar Wide Moat ETF92189F643ETF53,593$4.72M0.1%−206,848−79.4%Reduced–
EOSEEos Energy Enterprises, Inc.COM CL A1,199,018$4.53M0.1%−1,204,430−50.1%ReducedHistory
LILi Auto Inc.SPONSORED ADS177,533$4.47M0.1%00.0%UnchangedHistory
iShares Core MSCI Europe ETF46434V738ETF74,003$4.45M0.1%+28,962+64.3%Added–
PCHPotlatchdeltic CorpCOM98,366$4.44M0.1%+74,811+317.6%AddedHistory
FNFabrinetSHS21,488$4.24M0.1%00.0%UnchangedHistory
WYWeyerhaeuser CoCOM NEW144,453$4.23M0.1%+18,293+14.5%AddedHistory
AAPLApple Inc.Stock18,445$4.10M0.1%+993+5.7%AddedHistory
iShares Inc464286871MSCI HONG KG ETF228,337$4.00M0.1%−201,694−46.9%Reduced–
TCPCBlackRock TCP Capital Corp.COM497,580$3.99M0.1%+17,258+3.6%AddedHistory
VanEck ETF Trust92189F411BDC INCOME ETF236,283$3.96M0.1%00.0%Unchanged–
TECKTeck Resources LtdCL B106,356$3.87M0.1%−42,944−28.8%ReducedHistory
State Street SPDR Bloomberg Convertible Securities ETF78464A359ETF47,196$3.62M0.1%+47,196New–
DEDeere & CoStock7,620$3.58M0.1%−1,782−19.0%ReducedHistory
EDUNew Oriental Education & Technology Group Inc.SPON ADR72,337$3.46M0.1%−158,825−68.7%ReducedHistory
BGBunge Global SACOM SHS45,003$3.44M0.1%−11,434−20.3%ReducedHistory
NVDANVIDIA CorpStock30,649$3.32M0.1%−5,344−14.8%ReducedHistory
iShares Tr464288257MSCI ACWI ETF26,991$3.14M0.1%00.0%Unchanged–
iShares S&P 500 Growth ETF464287309ETF32,851$3.05M0.1%−18,437−35.9%Reduced–
First Tr Exchange-Traded FD336917109SHS66,766$2.90M0.1%−6,163−8.5%Reduced–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF60,909$2.89M0.1%00.0%Unchanged–
AGCOAGCO CorpCOM30,386$2.81M0.1%00.0%UnchangedHistory

Sold out since Q4 2024 (14)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Barings LLC sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
Vanguard High Dividend Yield Index ETF921946406ETF565,199$72.1M1.7%–
QGENQiagen N.V.Stock414,984$18.5M0.4%History
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A437,816$8.56M0.2%History
Itron, Inc.465741AN6NOTE 3/1–$5.17M0.1%–
BBDBank BradescoSP ADR PFD NEW1,307,311$2.50M0.1%History
LWLamb Weston Holdings, Inc.Stock33,248$2.22M0.1%History
PCTYPaylocity Holding CorpCOM4,029$803.7K<0.1%History
COSTCostco Wholesale CorpStock379$347.3K<0.1%History
PGProcter & Gamble CoStock2,047$343.2K<0.1%History
WMTWalmart Inc.Stock3,471$313.6K<0.1%History
HDHome Depot, Inc.Stock564$219.4K<0.1%History
RDYDr Reddys Laboratories LtdADR10,933$172.6K<0.1%History
BMTXBM Technologies, Inc.CL A COM31,790$155.5K<0.1%History
REPXRiley Exploration Permian, Inc.COM3,752$119.8K<0.1%History