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, Q4 2025
Institutional positions in Barings BDC, Inc. as of Dec 31, 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
- 217
- +9 vs. Q3 2025
- Shares held
- 47.8M
- +2.06M (+4.5%) vs. Q3 2025
- Total value
- $439.0M
- +$37.6M (+9.4%) vs. Q3 2025
- New holders
- 41
- 59 more added
- Sold out
- 32
- 66 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 201 | $428.6M |
| Q1 2026 | 210 | $392.8M |
| Q4 2025 | 217 | $439.0M |
| Q3 2025 | 209 | $401.5M |
| Q2 2025 | 195 | $412.8M |
| Q1 2025 | 211 | $425.4M |
| Q4 2024 | 198 | $431.1M |
| Q3 2024 | 199 | $434.1M |
| Q2 2024 | 191 | $426.6M |
| Q1 2024 | 199 | $439.2M |
| Q4 2023 | 203 | $408.4M |
| Q3 2023 | 209 | $436.9M |
| Q2 2023 | 210 | $405.3M |
| Q1 2023 | 217 | $422.8M |
| Q4 2022 | 221 | $439.0M |
| Q3 2022 | 204 | $443.7M |
| Q2 2022 | 217 | $495.1M |
| Q1 2022 | 211 | $527.7M |
| Q4 2021 | 114 | $464.8M |
| Q3 2021 | 111 | $465.7M |
| Q2 2021 | 114 | $458.3M |
| Q1 2021 | 107 | $436.1M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Barings BDC, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Barings LLC | 13,639,681 | $125.2M | 2.31% | 00.0% | Unchanged |
| Private Management Group Inc | 3,765,629 | $34.6M | 1.01% | +481,172+14.6% | Added |
| Ares Management LLC | 3,590,176 | $33.0M | 1.88% | −206,936−5.4% | Reduced |
| Van Eck Associates Corp | 2,294,207 | $21.1M | 0.02% | −185,735−7.5% | Reduced |
| Cresset Asset Management, LLC | 1,954,688 | $17.9M | 0.08% | −159,799−7.6% | Reduced |
| UBS Group AG | 1,493,751 | $13.7M | 0.00% | +285,272+23.6% | Added |
| Colony Group, LLC | 1,002,917 | $9.21M | 0.01% | +1,002,917 | New |
| Diameter Capital Partners LP | 966,370 | $8.87M | 0.93% | +966,370 | New |
| Morgan Stanley | 899,484 | $8.26M | 0.00% | +126,266+16.3% | Added |
| Franklin Resources Inc | 881,046 | $8.09M | 0.00% | −3,795−0.4% | Reduced |
| Wells Fargo & Company | 879,779 | $8.08M | 0.00% | −530.0% | Reduced |
| BlackRock, Inc. | 848,150 | $7.79M | 0.00% | −16,046−1.9% | Reduced |
| Rivernorth Capital Management, LLC | 806,071 | $7.40M | 0.35% | +203,597+33.8% | Added |
| Dimension Capital Management LLC | 758,943 | $6.97M | 0.98% | +117,606+18.3% | Added |
| Legal & General Group Plc | 750,732 | $6.90M | 0.00% | +117,776+18.6% | Added |
| Two Sigma Investments, LP | 733,122 | $6.73M | 0.01% | +111,926+18.0% | Added |
| Muzinich & Co., Inc. | 698,945 | $6.42M | 2.02% | +212,847+43.8% | Added |
| Raymond James Financial Inc | 651,222 | $5.98M | 0.00% | +496,687+321.4% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 577,412 | $5.30M | 0.00% | +91,314+18.8% | Added |
| Bank of America Corp | 526,915 | $4.84M | 0.00% | −86,332−14.1% | Reduced |
| Two Sigma Advisers, LP | 401,500 | $3.69M | 0.01% | −466,100−53.7% | Reduced |
| Advisors Asset Management, Inc. | 391,692 | $3.60M | 0.06% | −47,510−10.8% | Reduced |
| Jane Street Group, LLC | 384,158 | $3.53M | 0.00% | +326,527+566.6% | Added |
| Callodine Capital Management, LP | 356,544 | $3.27M | 0.26% | +52,520+17.3% | Added |
| Confluence Investment Management LLC | 343,248 | $3.15M | 0.05% | −21,372−5.9% | Reduced |
| Bulldog Investors, LLP | 317,307 | $2.91M | 0.65% | +249,885+370.6% | Added |
| Russell Investments Group, Ltd. | 301,451 | $2.77M | 0.00% | +301,451 | New |
| Advisor Group Holdings, Inc. | 300,784 | $2.76M | 0.00% | −28,930−8.8% | Reduced |
| GraniteShares Advisors LLC | 298,668 | $2.74M | 1.67% | +298,668 | New |
| LPL Financial LLC | 279,326 | $2.56M | 0.00% | −25,428−8.3% | Reduced |
| Skandinaviska Enskilda Banken AB (publ) | 239,440 | $2.20M | 0.01% | 00.0% | Unchanged |
| Neuberger Berman Group LLC | 232,642 | $2.14M | 0.00% | −26,771−10.3% | Reduced |
| BI Asset Management Fondsmaeglerselskab A/S | 221,630 | $2.04M | 0.02% | −245,655−52.6% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 205,362 | $1.89M | 0.00% | −27,576−11.8% | Reduced |
| Closed-End Fund Advisors, Inc. | 193,447 | $1.78M | 1.05% | +193,447 | New |
| Sbe LLC Dba Cedar Cove Wealth Partners | 193,412 | $1.78M | 0.93% | +193,412 | New |
| Lansforsakringar Fondforvaltning AB (publ) | 167,111 | $1.53M | 0.01% | +167,111 | New |
| Hennion & Walsh Asset Management, Inc. | 159,473 | $1.46M | 0.05% | −28,020−14.9% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 149,937 | $1.37M | 0.00% | +1,228+0.8% | Added |
| HighTower Advisors, LLC | 140,655 | $1.29M | 0.00% | −157−0.1% | Reduced |
| Great West Life Assurance Co | 139,327 | $1.28M | 0.00% | +7,924+6.0% | Added |
| JPMorgan Chase & Co | 138,234 | $1.27M | 0.00% | +911+0.7% | Added |
| Cliffwater LLC | 126,753 | $1.16M | 0.24% | 00.0% | Unchanged |
| Green Square Capital Advisors LLC | 122,863 | $1.13M | 0.12% | −236,417−65.8% | Reduced |
| Caliber Wealth Management, LLC | 121,753 | $1.12M | 0.12% | −31,986−20.8% | Reduced |
| Thrivent Financial for Lutherans | 114,041 | $1.05M | 0.00% | +114,041 | New |
| SageGuard Financial Group, LLC | 107,212 | $984.2K | 0.16% | +107,212 | New |
| Citadel Advisors LLC | 104,651 | $960.7K | 0.00% | +104,651 | New |
| Wiley Bros.-Aintree Capital, LLC | 97,910 | $898.8K | 0.00% | 00.0% | Unchanged |
| Invesco Ltd. | 96,903 | $889.6K | 0.00% | −1,063,961−91.7% | Reduced |
| Denali Advisors LLC | 94,100 | $863.8K | 0.10% | −19,358−17.1% | Reduced |
| Nilsine Partners, LLC | 89,451 | $821.2K | 0.07% | +2,503+2.9% | Added |
| Saxon Interests, Inc. | 88,382 | $811.4K | 0.29% | +88,382 | New |
| Ethos Financial Group, LLC | 84,035 | $771.4K | 0.06% | −2,610−3.0% | Reduced |
| Cetera Investment Advisers | 80,631 | $740.2K | 0.00% | −7,246−8.2% | Reduced |
| Prime Capital Investment Advisors, LLC | 75,379 | $692.0K | 0.01% | −9,356−11.0% | Reduced |
| Millennium Management LLC | 72,849 | $668.8K | 0.00% | +49,456+211.4% | Added |
| Apollon Wealth Management, LLC | 71,646 | $657.7K | 0.01% | +6,872+10.6% | Added |
| Virtus Investment Advisers, Inc. | 71,617 | $657.4K | 0.18% | −14,449−16.8% | Reduced |
| Marshall Wace, LLP | 70,081 | $643.3K | 0.00% | −62,696−47.2% | Reduced |
| Northern Trust Corp | 65,934 | $605.3K | 0.00% | −6,021−8.4% | Reduced |
| Schonfeld Strategic Advisors LLC | 57,012 | $523.4K | 0.00% | +57,012 | New |
| Commonwealth Equity Services, LLC | 54,691 | $502.1K | 0.00% | −2,317−4.1% | Reduced |
| Kestra Advisory Services, LLC | 52,056 | $477.9K | 0.00% | −10,266−16.5% | Reduced |
| Lido Advisors, LLC | 53,353 | $467.4K | 0.00% | −2,137−3.9% | Reduced |
| HighPoint Advisor Group LLC | 49,017 | $450.0K | 0.01% | −8,681−15.0% | Reduced |
| Prosperity Consulting Group, LLC | 47,935 | $440.0K | 0.02% | −20,036−29.5% | Reduced |
| MML Investors Services, LLC | 47,656 | $437.5K | 0.00% | −36,971−43.7% | Reduced |
| SRS Capital Advisors, Inc. | 47,644 | $437.4K | 0.01% | +47,644 | New |
| LSV Asset Management | 46,700 | $429.0K | 0.00% | 00.0% | Unchanged |
| Jump Financial, LLC | 46,474 | $426.6K | 0.01% | +46,474 | New |
| PFG Investments, LLC | 45,629 | $418.9K | 0.02% | +28,372+164.4% | Added |
| Y-Intercept (Hong Kong) Ltd | 44,812 | $411.4K | 0.01% | +44,812 | New |
| Mercer Global Advisors Inc | 43,270 | $397.2K | 0.00% | −2,668−5.8% | Reduced |
| Armis Advisers, LLC | 46,939 | $381.6K | 0.04% | +11,939+34.1% | Added |
| Arete Wealth Advisors, LLC | 40,921 | $375.7K | 0.03% | 00.0% | Unchanged |
| Quantbot Technologies LP | 40,836 | $374.9K | 0.01% | +40,836 | New |
| Verition Fund Management LLC | 38,600 | $354.3K | 0.00% | −13,449−25.8% | Reduced |
| Sunbelt Securities, Inc. | 37,797 | $347.0K | 0.02% | +30+0.1% | Added |
| Toroso Investments, LLC | 36,720 | $337.1K | 0.00% | +36,720 | New |
| Price T Rowe Associates Inc | 36,293 | $334.0K | 0.00% | +19+0.1% | Added |
| Campbell & CO Investment Adviser LLC | 36,359 | $333.8K | 0.02% | −19,109−34.5% | Reduced |
| Caxton Associates LLP | 35,959 | $330.1K | 0.01% | 00.0% | Unchanged |
| Resources Investment Advisors, LLC. | 35,712 | $327.8K | 0.00% | −79−0.2% | Reduced |
| Massar Capital Management, LP | 35,638 | $327.2K | 0.06% | +35,638 | New |
| VARCOV Co. | 34,558 | $317.2K | 0.13% | +34,558 | New |
| Pensionmark Financial Group, LLC | 34,528 | $317.0K | 0.01% | +34,528 | New |
| XTX Topco Ltd | 33,079 | $303.7K | 0.01% | +33,079 | New |
| Stifel Financial Corp | 32,488 | $298.2K | 0.00% | −9,480−22.6% | Reduced |
| Western Wealth Management, LLC | 32,251 | $296.1K | 0.01% | −50−0.2% | Reduced |
| Warren Averett Asset Management, LLC | 32,107 | $294.7K | 0.00% | −10,005−23.8% | Reduced |
| RMB Capital Management, LLC | 31,793 | $291.9K | 0.01% | +21+0.1% | Added |
| Ausdal Financial Partners, Inc. | 30,580 | $280.7K | 0.01% | +583+1.9% | Added |
| Sigma Planning Corp | 30,301 | $278.2K | 0.01% | +1,764+6.2% | Added |
| Royal Bank of Canada | 30,318 | $278.0K | 0.00% | +5,384+21.6% | Added |
| Arkadios Wealth Advisors | 30,024 | $275.6K | 0.01% | +2,904+10.7% | Added |
| Eagle Global Advisors LLC | 29,745 | $273.1K | 0.01% | −4,550−13.3% | Reduced |
| Koshinski Asset Management, Inc. | 29,434 | $270.2K | 0.02% | −11,988−28.9% | Reduced |
| Essex Financial Services, Inc. | 28,671 | $263.2K | 0.01% | +2,324+8.8% | Added |
| Sunbeam Capital Management, LLC | 28,257 | $259.4K | 0.15% | +8,257+41.3% | Added |