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Barings BDC, Inc.

BBDC
Exchange
NYSE
SEC CIK
0001379785

No open-market purchases or sales by Barings BDC, Inc. insiders were filed in the last 90 days; 201 institutions reported holding it in 13F filings for Q2 2026, worth $428.6M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Barings BDC, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
209
+16 vs. Q2 2025
Shares held
45.8M
+950.7K (+2.1%) vs. Q2 2025
Total value
$401.5M
−$8.33M (−2.0%) vs. Q2 2025
New holders
33
78 more added
Sold out
17
50 more reduced

2 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BBDC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 209 institutions
Q1 2021: 107 institutionsQ2 2021: 114 institutionsQ3 2021: 111 institutionsQ4 2021: 114 institutionsQ1 2022: 211 institutionsQ2 2022: 217 institutionsQ3 2022: 204 institutionsQ4 2022: 221 institutionsQ1 2023: 217 institutionsQ2 2023: 210 institutionsQ3 2023: 209 institutionsQ4 2023: 203 institutionsQ1 2024: 199 institutionsQ2 2024: 191 institutionsQ3 2024: 199 institutionsQ4 2024: 198 institutionsQ1 2025: 211 institutionsQ2 2025: 195 institutionsQ3 2025: 209 institutionsQ4 2025: 217 institutionsQ1 2026: 210 institutionsQ2 2026: 201 institutions
Value heldQ3 2025: $401.5M
Q1 2021: $436.1MQ2 2021: $458.3MQ3 2021: $465.7MQ4 2021: $464.8MQ1 2022: $527.7MQ2 2022: $495.1MQ3 2022: $443.7MQ4 2022: $439.0MQ1 2023: $422.8MQ2 2023: $405.3MQ3 2023: $436.9MQ4 2023: $408.4MQ1 2024: $439.2MQ2 2024: $426.6MQ3 2024: $434.1MQ4 2024: $431.1MQ1 2025: $425.4MQ2 2025: $412.8MQ3 2025: $401.5MQ4 2025: $439.0MQ1 2026: $392.8MQ2 2026: $428.6M
Institutions holding BBDC and their total value by quarter
QuarterHoldersValue
Q2 2026201$428.6M
Q1 2026210$392.8M
Q4 2025217$439.0M
Q3 2025209$401.5M
Q2 2025195$412.8M
Q1 2025211$425.4M
Q4 2024198$431.1M
Q3 2024199$434.1M
Q2 2024191$426.6M
Q1 2024199$439.2M
Q4 2023203$408.4M
Q3 2023209$436.9M
Q2 2023210$405.3M
Q1 2023217$422.8M
Q4 2022221$439.0M
Q3 2022204$443.7M
Q2 2022217$495.1M
Q1 2022211$527.7M
Q4 2021114$464.8M
Q3 2021111$465.7M
Q2 2021114$458.3M
Q1 2021107$436.1M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Barings BDC, Inc.; share changes are against Q2 2025.

Institutions holding BBDC in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Geneos Wealth Management Inc.18,488$162.0K0.00%−654−3.4%Reduced
Kingstone Capital Partners Texas, LLC18,831$165.0K0.10%+1,898+11.2%Added
Cary Street Partners Financial LLC18,889$165.5K0.00%−5,282−21.9%Reduced
BFSG, LLC19,300$169.1K0.02%−770−3.8%Reduced
ProShare Advisors LLC19,769$173.2K0.00%+998+5.3%Added
Brevan Howard Capital Management LP19,794$173.4K0.00%−4,469−18.4%Reduced
Armor Investment Advisors, LLC19,800$173.4K0.05%+1,000+5.3%Added
Sunbeam Capital Management, LLC20,000$175.2K0.11%+20,000New
TrueMark Investments, LLC20,466$179.3K0.03%+20,466New
Consolidated Portfolio Review Corp20,556$180.1K0.02%00.0%Unchanged
Envestnet Asset Management Inc20,759$181.9K0.00%−8,937−30.1%Reduced
Chicago Partners Investment Group LLC20,439$187.0K0.00%−235−1.1%Reduced
Patriot Financial Group Insurance Agency, LLC22,187$194.4K0.02%+292+1.3%Added
Millennium Management LLC23,393$204.9K0.00%+23,393New
Stephens Inc23,847$208.9K0.00%+812+3.5%Added
Triumph Capital Management24,366$213.4K0.06%00.0%Unchanged
Royal Bank of Canada24,934$218.0K0.00%−35,739−58.9%Reduced
Gotham Asset Management, LLC25,000$219.0K0.00%00.0%Unchanged
Wedbush Securities Inc25,116$220.0K0.01%+250+1.0%Added
Seven Mile Advisory26,227$229.8K0.04%+26,227New
Essex Financial Services, Inc.26,347$230.8K0.01%+27+0.1%Added
Arkadios Wealth Advisors27,120$237.6K0.01%+374+1.4%Added
Ameriprise Financial Inc28,119$246.3K0.00%−1,550−5.2%Reduced
Change Path, LLC28,135$246.5K0.01%−6,561−18.9%Reduced
Sigma Planning Corp28,537$250.0K0.01%−618−2.1%Reduced
Creative Planning29,375$257.3K0.00%+1,432+5.1%Added
Ausdal Financial Partners, Inc.29,997$262.8K0.01%+594+2.0%Added
Tudor Investment Corp Et Al31,159$273.0K0.00%−373,945−92.3%Reduced
RMB Capital Management, LLC31,772$278.3K0.01%00.0%Unchanged
Western Wealth Management, LLC32,301$283.0K0.01%+15,396+91.1%Added
Raleigh Capital Management Inc.32,891$288.1K0.11%+106+0.3%Added
Summit Financial, LLC33,529$293.7K0.00%+33,529New
Eagle Global Advisors LLC34,295$300.4K0.01%00.0%Unchanged
Resources Investment Advisors, LLC.35,791$313.5K0.00%+3,222+9.9%Added
Armis Advisers, LLC35,000$315.0K0.03%+35,000New
Caxton Associates LLP35,959$315.0K0.01%+13,363+59.1%Added
Price T Rowe Associates Inc36,274$318.0K0.00%+36,274New
Sunbelt Securities, Inc.37,767$330.8K0.02%−15,116−28.6%Reduced
Bank of Montreal40,573$355.4K0.00%+40,573New
Arete Wealth Advisors, LLC40,921$358.0K0.02%+4,196+11.4%Added
Koshinski Asset Management, Inc.41,422$362.9K0.02%−2,555−5.8%Reduced
Stifel Financial Corp41,968$367.6K0.00%−1,455−3.4%Reduced
Warren Averett Asset Management, LLC42,112$368.9K0.00%−2,171−4.9%Reduced
Mercer Global Advisors Inc45,938$402.4K0.00%+4,296+10.3%Added
LSV Asset Management46,700$409.0K0.00%+10,600+29.4%Added
Verition Fund Management LLC52,049$455.9K0.00%+13,449+34.8%Added
Citigroup Inc53,135$465.5K0.00%+14,227+36.6%Added
Bard Associates Inc54,252$475.2K0.13%−13,067−19.4%Reduced
Campbell & CO Investment Adviser LLC55,468$485.9K0.04%−3,308−5.6%Reduced
Lido Advisors, LLC55,490$486.1K0.00%+43+0.1%Added
Commonwealth Equity Services, LLC57,008$499.0K0.00%+1,160+2.1%Added
Jane Street Group, LLC57,631$504.8K0.00%+57,631New
HighPoint Advisor Group LLC57,698$505.4K0.02%−605−1.0%Reduced
Kestra Advisory Services, LLC62,322$545.9K0.00%−11,348−15.4%Reduced
Apollon Wealth Management, LLC64,774$567.4K0.01%+2,052+3.3%Added
Bulldog Investors, LLP67,422$590.6K0.14%−143,079−68.0%Reduced
Prosperity Consulting Group, LLC67,971$595.4K0.03%+67,971New
Northern Trust Corp71,955$630.3K0.00%+8,693+13.7%Added
Prevail Innovative Wealth Advisors, LLC81,865$717.1K0.14%+81,865New
MML Investors Services, LLC84,627$741.3K0.00%+9,657+12.9%Added
Prime Capital Investment Advisors, LLC84,735$742.3K0.01%+22,570+36.3%Added
Virtus Investment Advisers, Inc.86,066$753.9K0.22%−6,192−6.7%Reduced
Ethos Financial Group, LLC86,645$759.0K0.06%+13,721+18.8%Added
Nilsine Partners, LLC86,948$761.7K0.07%−3,063−3.4%Reduced
Cetera Investment Advisers87,877$769.8K0.00%+5,706+6.9%Added
Wiley Bros.-Aintree Capital, LLC97,910$857.7K0.01%−2,176−2.2%Reduced
Icon Advisers Inc109,699$961.0K0.21%+109,699New
Denali Advisors LLC113,458$993.9K0.11%−21,046−15.6%Reduced
Cliffwater LLC126,753$1.11M0.23%00.0%Unchanged
Great West Life Assurance Co131,403$1.16M0.00%+42,193+47.3%Added
Marshall Wace, LLP132,777$1.16M0.00%+90,248+212.2%Added
Trexquant Investment LP136,824$1.20M0.01%−153,020−52.8%Reduced
JPMorgan Chase & Co137,323$1.20M0.00%+21,174+18.2%Added
HighTower Advisors, LLC140,812$1.23M0.00%+240.0%Added
Wealth Enhancement Advisory Services, LLC148,709$1.26M0.00%−7,559−4.8%Reduced
TCG Advisory Services, LLC146,016$1.28M0.05%+146,016New
Caliber Wealth Management, LLC153,739$1.35M0.15%−56,853−27.0%Reduced
Raymond James Financial Inc154,535$1.35M0.00%−182,712−54.2%Reduced
Hennion & Walsh Asset Management, Inc.187,493$1.64M0.06%−54,834−22.6%Reduced
Cambridge Investment Research Advisors, Inc.232,938$2.04M0.01%+15,117+6.9%Added
Skandinaviska Enskilda Banken AB (publ)239,440$2.10M0.01%00.0%Unchanged
Neuberger Berman Group LLC259,413$2.27M0.00%+19,096+7.9%Added
Callodine Capital Management, LP304,024$2.66M0.23%+20,000+7.0%Added
LPL Financial LLC304,754$2.67M0.00%+24,043+8.6%Added
Confluence Investment Management LLC364,620$3.19M0.05%−58,272−13.8%Reduced
Advisor Group Holdings, Inc.329,714$3.21M0.00%−6,593−2.0%Reduced
Green Square Capital Advisors LLC359,280$3.28M0.39%00.0%Unchanged
Advisors Asset Management, Inc.439,202$3.85M0.07%+25,943+6.3%Added
BI Asset Management Fondsmaeglerselskab A/S467,285$4.09M0.04%+27,939+6.4%Added
Sumitomo Mitsui Trust Holdings, Inc.486,098$4.26M0.00%+194,725+66.8%Added
Muzinich & Co., Inc.486,098$4.26M1.65%+194,725+66.8%Added
Rivernorth Capital Management, LLC602,474$5.28M0.30%+191,220+46.5%Added
Bank of America Corp613,247$5.37M0.00%+136,922+28.7%Added
Two Sigma Investments, LP621,196$5.44M0.01%+58,634+10.4%Added
Legal & General Group Plc632,956$5.55M0.00%−83,655−11.7%Reduced
Dimension Capital Management LLC641,337$5.62M0.82%+56,406+9.6%Added
Morgan Stanley773,218$6.77M0.00%−88,145−10.2%Reduced
BlackRock, Inc.864,196$7.57M0.00%+229,148+36.1%Added
Two Sigma Advisers, LP867,600$7.60M0.02%−221,600−20.3%Reduced
Wells Fargo & Company879,832$7.71M0.00%+41,467+4.9%Added