AEGON USA Investment Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 17, 2026), AEGON USA Investment Management, LLC reported 19 stock positions worth $115.1 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 88.4% of the portfolio, followed by WW International Inc.-New (WW, 3.2%) and Vanguard Total Bond Market (BND, 2.5%). Compared with Q1 2026, it opened 2 new positions, added to 2 and reduced 6. The biggest buy was a new position in Office Properties Income Tru (OPI) and the biggest sale Vanguard Total Bond Market (BND, shares −2%).

Most Recent 13F
Q2 2026
Location
CEDAR RAPIDS, IA
CIK
0001454937
Portfolio Value
$115.1M (Q2 2026)
SEC Filing
0001454937-26-000009 ↗ filed Jul 17, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $96.8M Q1 2024 Q2 2024: $98.3M Q2 2024 Q3 2024: $100.3M Q3 2024 Q4 2024: $99.1M Q4 2024 Q1 2025: $93.1M Q1 2025 Q2 2025: $98.7M Q2 2025 Q3 2025: $114.0M Q3 2025 Q4 2025: $111.2M Q4 2025 Q1 2026: $101.2M Q1 2026 Q2 2026: $115.1M $115.1M Q2 2026

Holdings 19 stocks · $115.1M
VTI VG Morningstar TS MKT ETF-US 88.37% 274,915 $101.7M Reduce -1.8%
WW WW International Inc.-New filed as WW INTL INC 3.19% 230,115 $3.7M Add +13.0%
BND Vanguard Total Bond Market 2.53% 39,665 $2.9M Reduce -1.5%
SRLN SS Blackstone Sr Loan ETF 0.92% 26,300 $1.1M No change
OPI Office Properties Income Tru 0.84% 57,113 $971K New
BKLN Invesco Senior Loan ETF 0.81% 45,500 $927K Add +44.4%
VGSH Vanguard Short-Term Treasury 0.68% 13,500 $786K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.39% 5,575 $446K No change
SPHQ Invesco S&P 500 Quality ETF 0.33% 4,270 $385K Reduce -13.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.33% 4,442 $383K Reduce -22.6%
HFRO Highland Opport & Income 0.29% 47,619 $340K Reduce -40.0%
HYT BlackRock Corp. Hi YLD 0.26% 35,000 $300K No change
XEFRX Eaton Vance Sr FLTG Rate TR 0.22% 24,120 $256K No change
HIX Western Asset High Inc. II 0.21% 60,614 $240K No change
CCO Clear Channel Outdoor Holdin 0.19% 88,592 $214K No change
EFT Eaton Vance Fltng RT Inc. TR 0.17% 17,768 $192K No change
IHRT Iheartmedia Inc. Class A 0.09% 25,000 $107K Reduce -46.5%
VVR Invesco Senior Income Trust 0.09% 35,749 $107K New
EAF Graftech International Ltd. 0.08% 15,000 $89K No change
Other holdings (23): bonds, preferreds, convertibles and warrants · $21.2M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,248$2.8MNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 1,403,000$1.7MNo change
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 1,800,000$1.6MNo change
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 37,400$1.5MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 22,713$1.4MNo change
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 1,129,000$1.4MNo change
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 932,000$1.3MNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 1,122,000$1.3MNo change
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 905,000$1.0MNo change
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal 750,000$826KNo change
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 22,700$825KNo change
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 621,000$816KNo change
SOUTHERN CO (SO 7.125 12/15/28 A) UNIT 12/15/2028 14,530$728KNo change
SOUTHERN CO (SO 3.25 06/15/28) NOTE 3.250% 6/1 · principal 700,000$707KNew
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal 500,000$620KNo change
WEC ENERGY GROUP INC (WEC 4.375 06/01/27) NOTE 4.375% 6/0 · principal 500,000$605KNo change
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 475,000$489KNo change
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 8,000$430KNo change
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) NOTE 4.750% 6/1 · principal 350,000$417KNo change
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal 390,000$390KNo change
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 300,000$284KNew
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal 185,000$192KNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A · principal 2,870$3KNo change

Total filed on the 13F, all lines: $136.4M.

Portfolio Sells Q1 2026 → Q2 2026
BND Vanguard Total Bond Market Reduce -1.5% 2.53% −0.40
VTI VG Morningstar TS MKT ETF-US Reduce -1.8% 88.37% −0.40
HFRO Highland Opport & Income Reduce -40.0% 0.29% −0.15
VUG Vanguard Mrngstar GR ETF-Sui Reduce -22.6% 0.33% −0.08
IHRT Iheartmedia Inc. Class A Reduce -46.5% 0.09% −0.04
SPHQ Invesco S&P 500 Quality ETF Reduce -13.2% 0.33% −0.03

Portfolio Buys Q1 2026 → Q2 2026
OPI Office Properties Income Tru New 0.84% +0.84
WW WW International Inc.-New Add +13.0% 3.19% +0.43
BKLN Invesco Senior Loan ETF Add +44.4% 0.81% +0.17
VVR Invesco Senior Income Trust New 0.09% +0.09

Notes & Other Activity Q1 2026 → Q2 2026
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Sold out 1,434,000 $1.6Mbefore exit
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal Sold out 761,000 $1.1Mbefore exit
SOUTHERN CO (SO 3.25 06/15/28) NOTE 3.250% 6/1 · principal New 700,000 $707K
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Sold out 500,000 $499Kbefore exit
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal New 300,000 $284K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 19$115.1MVTI, WW, BND, SRLN, OPI
Q1 2026 17$101.2MVTI, BND, WW, SRLN, VGSH
Q4 2025 18$111.2MVTI, WW, BND, SRLN, BKLN
Q3 2025 16$114.0MVTI, WW, BND, SRLN, BKLN
Q2 2025 15$98.7MVTI, BND, SRLN, VGSH, BKLN
Q1 2025 14$93.1MVTI, BND, SRLN, BKLN, VGSH
Q4 2024 14$99.1MVTI, BND, SRLN, BKLN, HFRO
Q3 2024 16$100.3MVTI, BND, SRLN, BKLN, HFRO
Q2 2024 21$98.3MVTI, BND, SRLN, BKLN, CBL
Q1 2024 22$96.8MVTI, BND, SRLN, BKLN, CBL