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Barings LLC

SEC CIK
0000009015
Latest filing
Aug 7, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 12, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
169
−2 vs. Q3 2025
Portfolio value
$5.43B
+$174.9M (+3.3%) vs. Q3 2025
Filed
Feb 12, 2026
SEC
Holdings of Barings LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF1,717,450$1.18B21.8%+114,197+7.1%Added–
Invesco QQQ Trust Series I46090E103ETF906,307$561.4M10.3%+11,900+1.3%Added–
iShares Russell 2000 Growth ETF464287648ETF1,657,750$540.0M10.0%+33,300+2.0%Added–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD5,108,527$407.3M7.5%00.0%Unchanged–
iShares Tr464288646ISHS 1-5YR INVS6,840,027$361.7M6.7%00.0%Unchanged–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF2,771,727$305.4M5.6%00.0%Unchanged–
Janus Detroit STR Tr47103U845HENDRSON AAA CL6,000,000$303.5M5.6%00.0%Unchanged–
BBDCBarings BDC, Inc.COM13,639,681$125.2M2.3%00.0%UnchangedHistory
Vanguard Total World Stock ETF922042742ETF884,856$124.8M2.3%+73,344+9.0%Added–
Herbalife Ltd.42703MAF0NOTE 4.250% 6/1–$81.7M1.5%–––
PDDPDD Holdings Inc.SPONSORED ADS654,567$74.2M1.4%+115,567+21.4%AddedHistory
SPYSPDR S&P 500 ETF TrustETF97,330$66.4M1.2%−17,455−15.2%ReducedHistory
iShares Tr4642874407-10 YR TRSY BD659,861$63.5M1.2%+28,018+4.4%Added–
iShares Inc464286392MSCI WORLD ETF288,921$53.7M1.0%−22,190−7.1%Reduced–
AUAngloGold Ashanti PLCCOM SHS539,228$46.5M0.9%−129,632−19.4%ReducedHistory
iShares Tr46435U853BROAD USD HIGH1,191,000$44.5M0.8%+8,000+0.7%Added–
WPMWheaton Precious Metals Corp.COM378,880$44.5M0.8%−67,813−15.2%ReducedHistory
ARXAccelerant HoldingsCL A3,128,867$41.9M0.8%00.0%UnchangedHistory
iShares Tr46429B655FLTG RATE NT ETF780,000$39.7M0.7%00.0%Unchanged–
Parsons Corp70202LAD4NOTE 2.625% 3/0–$39.2M0.7%–––
iShares S&P 500 Growth ETF464287309ETF269,017$33.2M0.6%−102,192−27.5%Reduced–
iShares Tr464287861EUROPE ETF472,278$32.4M0.6%−94,045−16.6%Reduced–
CRHCRH Public Ltd CoORD258,726$32.3M0.6%−19,772−7.1%ReducedHistory
Vanguard Information Technology ETF92204A702ETF38,218$28.8M0.5%+22,807+148.0%Added–
SESea LtdSPONSORD ADS223,923$28.6M0.5%+14,538+6.9%AddedHistory
BlackRock ETF Trust09290C103ISHARES US EQUIT466,291$28.4M0.5%+41,480+9.8%Added–
NUNu Holdings Ltd.ORD SHS CL A1,584,505$26.5M0.5%−1,762−0.1%ReducedHistory
TTETotalEnergies SEACT406,567$26.5M0.5%+406,567NewHistory
AONAon plcCL A71,077$25.1M0.5%+11,444+19.2%AddedHistory
HDBHDFC Bank LtdSPONSORED ADS682,813$24.9M0.5%+86,955+14.6%AddedHistory
Sabre GLBL Inc78573NAK8NOTE 4.000% 8/0–$22.2M0.4%–––
Vanguard S&P 500 ETF922908363ETF35,299$22.1M0.4%00.0%Unchanged–
QGENQiagen N.V.COMMON STOCK407,259$18.6M0.3%00.0%UnchangedHistory
Uniti Group Inc.91325VAB4NOTE 7.500%12/0–$18.4M0.3%–––
Omnicell Com68213NAF6NOTE 1.000%12/0–$17.0M0.3%–New–
Global X FDS37954Y350X EMERGING MKT651,200$15.6M0.3%−33,200−4.9%Reduced–
Vanguard Scottsdale FDS92206C813LG-TERM COR BD190,000$14.4M0.3%+100,060+111.3%Added–
iShares Inc46434G822MSCI JAPAN ETF177,148$14.3M0.3%−21,518−10.8%Reduced–
NEMNEWMONT CorpStock141,128$14.1M0.3%+27,352+24.0%AddedHistory
CVXChevron CorpStock92,398$14.1M0.3%−70.0%ReducedHistory
EOSEEos Energy Enterprises, Inc.COM CL A1,204,430$13.8M0.3%00.0%UnchangedHistory
ONCBeOne Medicines Ltd.ADR42,815$13.0M0.2%−12,789−23.0%ReducedHistory
CTGOContango Silver & Gold Inc.COM476,190$12.6M0.2%00.0%UnchangedHistory
XOMExxonMobil Holdings CorpCOM102,087$12.3M0.2%00.0%UnchangedHistory
FCXFreeport-McMoran IncStock235,039$11.9M0.2%+114,959+95.7%AddedHistory
iShares Tr464287515EXPANDED TECH108,479$11.5M0.2%−162,659−60.0%Reduced–
VALEVale S.A.SPONSORED ADS878,365$11.4M0.2%+85,715+10.8%AddedHistory
iShares Tr464287234MSCI EMG MKT ETF197,788$10.8M0.2%−332,896−62.7%Reduced–
COPConocoPhillipsStock114,783$10.7M0.2%+1,972+1.7%AddedHistory
Ziff Davis, Inc.48123VAH5DEBT 3.625% 3/0–$9.77M0.2%–––
NBRNabors Industries LtdSHS179,841$9.77M0.2%−32,686−15.4%ReducedHistory
ENBEnbridge IncStock185,942$8.90M0.2%00.0%UnchangedHistory
SCCOSouthern Copper CorpStock61,478$8.82M0.2%+53,793+700.0%AddedHistory
Invesco Nasdaq 100 ETF46138G649ETF32,670$8.26M0.2%−4,386−11.8%Reduced–
BAPCredicorp LtdCOM28,289$8.12M0.1%−2,423−7.9%ReducedHistory
iShares Tr464288711GLOB UTILITS ETF102,707$8.08M0.1%00.0%Unchanged–
FMXMexican Economic Development IncSPON ADR UNITS79,217$8.01M0.1%+6,600+9.1%AddedHistory
EOGEOG Resources IncStock75,916$7.97M0.1%+6,273+9.0%AddedHistory
NTRNutrien Ltd.COM126,808$7.83M0.1%+45,114+55.2%AddedHistory
FNFabrinetSHS17,033$7.75M0.1%00.0%UnchangedHistory
AEMAgnico Eagle Mines LtdStock45,029$7.64M0.1%00.0%UnchangedHistory
PAASPan American Silver CorpStock138,681$7.19M0.1%−29,477−17.5%ReducedHistory
DARDarling Ingredients Inc.COM189,772$6.83M0.1%−53,841−22.1%ReducedHistory
EQTEQT CorpStock126,786$6.80M0.1%00.0%UnchangedHistory
AXIAYAXIA Energia S.A.SPONSORED ADR723,802$6.63M0.1%+49,417+7.3%AddedHistory
MSFTMicrosoft CorpStock13,598$6.58M0.1%+116+0.9%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD891,821$6.39M0.1%−242,505−21.4%ReducedHistory
iShares Inc464286608MSCI EURZONE ETF99,439$6.37M0.1%00.0%Unchanged–
CPTCamden Property TrustREIT57,104$6.29M0.1%00.0%UnchangedHistory
TECKTeck Resources LtdCL B129,609$6.21M0.1%+34,027+35.6%AddedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF68,047$5.84M0.1%+59,934+738.7%Added–
NVDANVIDIA CorpStock30,750$5.73M0.1%−5,108−14.2%ReducedHistory
EPAMEPAM Systems, Inc.COM26,486$5.43M0.1%+26,486NewHistory
SQMChemical & Mining Co of Chile IncSPON ADR SER B77,312$5.32M0.1%+77,312NewHistory
CTVACorteva, Inc.Stock74,807$5.01M0.1%−42,916−36.5%ReducedHistory
PBR.APetrobras - Petroleo Brasileiro SASP ADR NON VTG428,646$4.83M0.1%00.0%UnchangedHistory
iShares Tr464288257MSCI ACWI ETF33,428$4.73M0.1%+4,506+15.6%Added–
AMZNAmazon Com IncStock19,799$4.57M0.1%−4,005−16.8%ReducedHistory
MPVBarings Participation InvestorsSH BEN INT283,014$4.50M0.1%+2,673+1.0%AddedHistory
CTRACoterra Energy Inc.Stock167,626$4.41M0.1%+82,298+96.4%AddedHistory
LINLinde PLCStock9,604$4.10M0.1%−19,397−66.9%ReducedHistory
CCJCameco CorpStock44,548$4.08M0.1%+14,272+47.1%AddedHistory
GOOGLAlphabet Inc.Stock13,012$4.07M0.1%−2,023−13.5%ReducedHistory
MCIBarings Corporate InvestorsCOM219,664$3.99M0.1%00.0%UnchangedHistory
BGBunge Global SACOM SHS44,655$3.98M0.1%+6,313+16.5%AddedHistory
iShares Tr46434V878ULTRA SHORT DUR78,600$3.98M0.1%+78,600New–
GLDSPDR Gold TrustETF9,828$3.91M0.1%−7,565−43.5%ReducedHistory
SUSuncor Energy IncStock87,175$3.87M0.1%−266,680−75.4%ReducedHistory
AAPLApple Inc.Stock13,353$3.63M0.1%−310−2.3%ReducedHistory
CFCF Industries Holdings, Inc.COM45,674$3.53M0.1%+30,820+207.5%AddedHistory
CIBGrupo Cibest S.A.SPON ADS54,273$3.45M0.1%−43,620−44.6%ReducedHistory
iShares Tr464288372GLB INFRASTR ETF54,808$3.36M0.1%+5,058+10.2%Added–
ADMArcher-Daniels-Midland CoStock58,121$3.34M0.1%−73,984−56.0%ReducedHistory
DEDeere & CoStock7,130$3.32M0.1%−257−3.5%ReducedHistory
VMRKVivmark ResidentialSH BEN INT52,076$3.28M0.1%00.0%UnchangedHistory
VLOValero Energy CorpStock19,903$3.24M0.1%00.0%UnchangedHistory
VVisa Inc.Stock9,222$3.23M0.1%+1,670+22.1%AddedHistory
First Tr Exch Traded FD III33739E108PFD SECS INC ETF175,090$3.19M0.1%−100,291−36.4%Reduced–
TCPCBlackRock TCP Capital Corp.COM540,615$2.96M0.1%+60,293+12.6%AddedHistory
JPMJPMorgan Chase & CoStock8,627$2.78M0.1%+2,914+51.0%AddedHistory

Sold out since Q3 2025 (18)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Barings LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
YUMCYum China Holdings, Inc.COM259,487$11.1M0.2%History
VNETVNET Group, Inc.SPONSORED ADS A832,077$8.60M0.2%History
NUENucor CorpCOM44,646$6.05M0.1%History
TBBBBBB Foods IncCL A COM72,659$1.96M<0.1%History
iShares Tr464288513IBOXX HI YD ETF19,500$1.58M<0.1%–
Wayfair Inc.94419LAP6NOTE 3.250% 9/1–$1.55M<0.1%–
VanEck ETF Trust92189F411BDC INCOME ETF95,622$1.43M<0.1%–
LIFLife360, Inc.COM7,727$821.4K<0.1%History
CRMSalesforce, Inc.Stock3,216$762.2K<0.1%History
GPKGraphic Packaging Holding CoCOM37,245$728.9K<0.1%History
NETCloudflare, Inc.CL A COM3,325$713.5K<0.1%History
CPNGCoupang, Inc.CL A21,790$701.6K<0.1%History
Invesco Exchange Traded FD T46137V357S&P500 EQL WGT1,750$332.0K<0.1%–
NEENextera Energy IncStock4,395$331.8K<0.1%History
iShares Inc464286426MSCI EM ASIA ETF3,550$325.7K<0.1%–
CEGConstellation Energy CorpStock654$215.2K<0.1%History
iShares Tr46429B671MSCI CHINA ETF2,944$193.9K<0.1%–
iShares Inc46434G764MSCI EMRG CHN2,706$182.7K<0.1%–