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Barings LLC

SEC CIK
0000009015
Latest filing
Aug 7, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 12, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
171
+8 vs. Q1 2025
Portfolio value
$4.28B
+$275.6M (+6.9%) vs. Q1 2025
Filed
Aug 12, 2025
SEC
Holdings of Barings LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF1,585,258$978.8M22.9%−13,963−0.9%Reduced–
Invesco QQQ Trust Series I46090E103ETF893,407$489.7M11.4%−17,900−2.0%Reduced–
iShares Russell 2000 Growth ETF464287648ETF1,670,950$476.2M11.1%+47,100+2.9%Added–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD5,108,527$406.1M9.5%00.0%Unchanged–
iShares Tr464288646ISHS 1-5YR INVS6,840,027$360.9M8.4%00.0%Unchanged–
BBDCBarings BDC, Inc.COM13,639,681$124.7M2.9%00.0%UnchangedHistory
Vanguard Total World Stock ETF922042742ETF789,847$101.5M2.4%+584,886+285.4%Added–
iShares Tr4642874407-10 YR TRSY BD642,944$61.6M1.4%+13,550+2.2%Added–
iShares Inc464286392MSCI WORLD ETF358,101$60.7M1.4%+43,856+14.0%Added–
SPYSPDR S&P 500 ETF TrustETF89,367$55.2M1.3%−22,216−19.9%ReducedHistory
PDDPDD Holdings Inc.SPONSORED ADS483,487$50.6M1.2%−28,216−5.5%ReducedHistory
iShares MSCI USA Quality Factor ETF46432F339ETF275,752$50.4M1.2%−11,789−4.1%Reduced–
iShares Tr464287861EUROPE ETF723,437$45.8M1.1%+41,244+6.0%Added–
iShares Tr46429B655FLTG RATE NT ETF780,000$39.8M0.9%00.0%Unchanged–
WPMWheaton Precious Metals Corp.COM438,776$39.5M0.9%−29,293−6.3%ReducedHistory
SESea LtdSPONSORD ADS229,570$36.7M0.9%−61,702−21.2%ReducedHistory
Herbalife Ltd.42703MAF0NOTE 4.250% 6/1–$34.4M0.8%–––
Parsons Corp70202LAD4NOTE 2.625% 3/0–$31.8M0.7%–––
AUAngloGold Ashanti PLCCOM SHS675,802$30.6M0.7%−51,826−7.1%ReducedHistory
iShares Tr464287515EXPANDED TECH271,138$29.7M0.7%00.0%Unchanged–
iShares Tr464287234MSCI EMG MKT ETF567,647$27.4M0.6%00.0%Unchanged–
iShares S&P 500 Growth ETF464287309ETF244,432$26.9M0.6%+211,581+644.1%Added–
CRHCRH Public Ltd CoORD289,429$26.6M0.6%−35,136−10.8%ReducedHistory
Sabre GLBL Inc78573NAK8NOTE 4.000% 8/0–$24.9M0.6%–––
HDBHDFC Bank LtdSPONSORED ADS297,762$22.8M0.5%−21,705−6.8%ReducedHistory
Vanguard S&P 500 ETF922908363ETF35,299$20.1M0.5%−4,422−11.1%Reduced–
NUNu Holdings Ltd.ORD SHS CL A1,439,469$19.7M0.5%+518,913+56.4%AddedHistory
QGENQiagen N.V.COMMON STOCK407,259$19.6M0.5%−737−0.2%ReducedHistory
iShares Tr46435U853BROAD USD HIGH445,500$16.7M0.4%+445,500New–
Global X FDS37954Y350X EMERGING MKT687,900$16.0M0.4%+36,000+5.5%Added–
iShares Inc46434G822MSCI JAPAN ETF198,666$14.9M0.3%+162,556+450.2%Added–
LINLinde PLCStock31,512$14.8M0.3%−6,015−16.0%ReducedHistory
ONCBeOne Medicines Ltd.ADR55,604$13.5M0.3%00.0%UnchangedHistory
XOMExxonMobil Holdings CorpCOM123,982$13.4M0.3%−387−0.3%ReducedHistory
CTVACorteva, Inc.Stock178,273$13.3M0.3%+28,807+19.3%AddedHistory
SUSuncor Energy IncStock353,855$13.3M0.3%−51,065−12.6%ReducedHistory
YUMCYum China Holdings, Inc.COM260,846$11.7M0.3%−187,123−41.8%ReducedHistory
Vanguard Financials ETF92204A405ETF88,974$11.3M0.3%−88,572−49.9%Reduced–
CHAChagee Holdings Ltd.SPONSORED ADS432,851$11.3M0.3%+432,851NewHistory
First Tr Exch Traded FD III33739E108PFD SECS INC ETF596,147$10.6M0.2%−26,298−4.2%Reduced–
iShares Inc464286608MSCI EURZONE ETF177,170$10.5M0.2%−16,676−8.6%Reduced–
Vanguard Information Technology ETF92204A702ETF15,411$10.2M0.2%−3,063−16.6%Reduced–
COPConocoPhillipsStock112,582$10.1M0.2%+24,480+27.8%AddedHistory
Invesco Exchange Traded FD T46137V357S&P500 EQL WGT53,853$9.79M0.2%+53,853New–
BEKEKE Holdings Inc.SPONSORED ADS529,988$9.40M0.2%−621,618−54.0%ReducedHistory
Ziff Davis, Inc.48123VAH5DEBT 3.625% 3/0–$9.32M0.2%–New–
CTGOContango Silver & Gold Inc.COM476,190$9.28M0.2%00.0%UnchangedHistory
Invesco Nasdaq 100 ETF46138G649ETF38,276$8.69M0.2%−30,737−44.5%Reduced–
ENBEnbridge IncStock185,942$8.44M0.2%−91,412−33.0%ReducedHistory
EOGEOG Resources IncStock69,643$8.33M0.2%+9,291+15.4%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD1,208,149$8.20M0.2%−306,398−20.2%ReducedHistory
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF71,727$7.86M0.2%−38,900−35.2%Reduced–
PBR.APetrobras - Petroleo Brasileiro SASP ADR NON VTG680,180$7.85M0.2%−41,272−5.7%ReducedHistory
BAPCredicorp LtdCOM34,737$7.76M0.2%00.0%UnchangedHistory
VALEVale S.A.SPONSORED ADS792,650$7.70M0.2%−52,943−6.3%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS72,617$7.48M0.2%+17,488+31.7%AddedHistory
PAASPan American Silver CorpStock252,174$7.16M0.2%−2,946−1.2%ReducedHistory
MOSMosaic CoCOM194,241$7.09M0.2%−127,964−39.7%ReducedHistory
MSFTMicrosoft CorpStock13,482$6.71M0.2%−58−0.4%ReducedHistory
CVXChevron CorpStock44,575$6.38M0.1%−219−0.5%ReducedHistory
FNFabrinetSHS21,488$6.33M0.1%00.0%UnchangedHistory
EOSEEos Energy Enterprises, Inc.COM CL A1,204,430$6.17M0.1%+5,412+0.5%AddedHistory
DARDarling Ingredients Inc.COM159,457$6.05M0.1%−22,574−12.4%ReducedHistory
NVDANVIDIA CorpStock37,922$5.99M0.1%+7,273+23.7%AddedHistory
NBRNabors Industries LtdSHS212,527$5.96M0.1%+10.0%AddedHistory
TECKTeck Resources LtdCL B143,379$5.79M0.1%+37,023+34.8%AddedHistory
NUENucor CorpCOM44,646$5.78M0.1%00.0%UnchangedHistory
VNETVNET Group, Inc.SPONSORED ADS A832,077$5.74M0.1%00.0%UnchangedHistory
CPTCamden Property TrustREIT57,104$5.71M0.1%+57,104NewHistory
MPVBarings Participation InvestorsSH BEN INT277,703$5.58M0.1%+2,686+1.0%AddedHistory
NTRNutrien Ltd.COM93,753$5.46M0.1%−32,908−26.0%ReducedHistory
AEMAgnico Eagle Mines LtdStock45,029$5.37M0.1%−22,561−33.4%ReducedHistory
ECLEcolab Inc.Stock19,742$5.32M0.1%+75+0.4%AddedHistory
GLDSPDR Gold TrustETF17,393$5.29M0.1%+17,393NewHistory
AMZNAmazon Com IncStock23,804$5.22M0.1%−1,608−6.3%ReducedHistory
CNHCNH Industrial N.V.SHS397,255$5.15M0.1%−12,860−3.1%ReducedHistory
AXIAYAXIA Energia S.A.SPONSORED ADR674,385$5.01M0.1%−121,355−15.3%ReducedHistory
NEMNEWMONT CorpStock85,561$4.98M0.1%+32,556+61.4%AddedHistory
iShares Tr464288257MSCI ACWI ETF37,409$4.81M0.1%+10,418+38.6%Added–
MCIBarings Corporate InvestorsCOM219,664$4.76M0.1%00.0%UnchangedHistory
Upstart Hldgs Inc91680MAB3NOTE 0.250% 8/1–$4.72M0.1%–––
SHWSherwin Williams CoCOM13,492$4.63M0.1%−2,708−16.7%ReducedHistory
HESHess CorpStock31,295$4.34M0.1%+200+0.6%AddedHistory
SLBSLB LimitedStock126,156$4.26M0.1%−1,592−1.2%ReducedHistory
iShares Inc464286871MSCI HONG KG ETF208,539$4.14M0.1%−19,798−8.7%Reduced–
VanEck ETF Trust92189F411BDC INCOME ETF236,283$3.85M0.1%00.0%Unchanged–
TCPCBlackRock TCP Capital Corp.COM497,580$3.83M0.1%00.0%UnchangedHistory
EQTEQT CorpStock64,470$3.76M0.1%+64,470NewHistory
DEDeere & CoStock7,387$3.76M0.1%−233−3.1%ReducedHistory
BGBunge Global SACOM SHS46,409$3.73M0.1%+1,406+3.1%AddedHistory
First Tr Exchange-Traded FD336917109SHS88,348$3.70M0.1%+21,582+32.3%Added–
PCHPotlatchdeltic CorpCOM96,231$3.69M0.1%−2,135−2.2%ReducedHistory
VanEck Morningstar Wide Moat ETF92189F643ETF38,945$3.65M0.1%−14,648−27.3%Reduced–
VMRKVivmark ResidentialSH BEN INT52,076$3.62M0.1%+52,076NewHistory
iShares Tr46435G193ESG AWRE USD ETF147,173$3.42M0.1%−862,214−85.4%Reduced–
TSCOTractor Supply CoCOM60,642$3.20M0.1%+10,534+21.0%AddedHistory
AGCOAGCO CorpCOM29,433$3.04M0.1%−953−3.1%ReducedHistory
AAPLApple Inc.Stock14,289$2.93M0.1%−4,156−22.5%ReducedHistory
iShares Esg Aware US Aggregate Bond ETF46435U549ETF60,909$2.90M0.1%00.0%Unchanged–
iShares Core MSCI Europe ETF46434V738ETF42,951$2.84M0.1%−31,052−42.0%Reduced–

Sold out since Q1 2025 (11)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Barings LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
Invesco Exch Traded FD Tr II46138E362S&P500 HDL VOL376,798$18.9M0.5%–
iShares Inc464286251JP MRG EM CRP BD272,442$12.3M0.3%–
MLMoneylion Inc.COMM STK67,620$5.85M0.1%History
LILi Auto Inc.SPONSORED ADS177,533$4.47M0.1%History
State Street SPDR Bloomberg Convertible Securities ETF78464A359ETF47,196$3.62M0.1%–
EDUNew Oriental Education & Technology Group Inc.SPON ADR72,337$3.46M0.1%History
Veren Inc92340V107COM NEW300,807$1.99M<0.1%–
iShares Semiconductor ETF464287523ETF6,027$1.13M<0.1%–
IFFInternational Flavors & Fragrances IncCOM11,438$887.7K<0.1%History
iShares Tr464288588MBS ETF8,100$759.6K<0.1%–
TBBBBBB Foods IncCL A COM16,458$439.1K<0.1%History