AEGON USA Investment Management, LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), AEGON USA Investment Management, LLC reported 22 stock positions worth $96.8 million . Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 86.4% of the portfolio, followed by Vanguard Total Bond Market (BND, 3.4% ) and SS Blackstone Sr Loan ETF (SRLN, 1.8% ). Compared with Q4 2023, it opened 3 new positions, sold out of 5, added to 2 and reduced 8. The biggest buy was a new position in Vanguard Short-Term Treasury (VGSH) and the biggest sale an exit from Csi Compressco (CCLP).
Location CEDAR RAPIDS, IA
CIK 0001454937
Portfolio Value $96.8M (Q1 2024) Holdings 22 stocks · $96.8M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 VTI VG Morningstar TS MKT ETF-US 321,769 $83.6M Reduce -1.6% BND Vanguard Total Bond Market 45,834 $3.3M Reduce -2.0% SRLN SS Blackstone Sr Loan ETF 42,190 $1.8M Add +3.4% BKLN Invesco Senior Loan ETF 63,440 $1.3M No change CBL CBL & Associates Properties 48,641 $1.1M Reduce -2.0% VGSH Vanguard Short-Term Treasury 11,419 $663K New RIV Rivernorth Opportunities 50,165 $604K No change HFRO Highland Opport & Income 74,933 $527K New VCSH Vanguard S/T Corp. Bond ETF 5,502 $425K Reduce -24.2% NEW AMERICA HIGH INCOME FUND 50,318 $366K No change SMLP Summit Midstream Partners LP 12,319 $346K Reduce -53.4% FCT First Trust SNR FL RT Inc. II 30,017 $311K No change ETB Eaton Vance T/M Buy-WRT Inc. 21,756 $297K No change HYG Ishr Ibx Usd Hiyld CB ETF-Ui 3,743 $291K Add +12.0% ISD Pgim High Yield Bond Fund 20,953 $272K No change HIX Western Asset High Inc. II 60,614 $271K New SPSB SS SPDR P St C Corp. ETF 8,376 $249K Reduce -24.2% XHNWX Pioneer Diversified High 19,260 $229K No change BSV Vanguard Short-Term Bond ETF 2,924 $224K Reduce -24.2% HYT BlackRock Corp. Hi YLD 20,945 $205K Reduce -75.7% IHRT Iheartmedia Inc. Class A 91,440 $191K No change CCO Clear Channel Outdoor Holdin 100,713 $166K No change
Other holdings (14): bonds, preferreds, convertibles and warrants · $41.7M (not counted above) Security Class Shares / Principal Value Change BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 7,950 $9.5M No change FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 4,500,000 $4.7M No change SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 4,250,000 $4.2M New SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 4,000,000 $4.0M No change APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 62,000 $4.0M Reduce -11.8% NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 97,000 $3.8M No change BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 1,915,000 $3.7M Reduce -13.5% PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 2,450,000 $2.3M New EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 2,400,000 $2.2M Reduce -7.7% ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 1,425,000 $1.4M New EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 1,275,000 $1.2M No change PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal 350,000 $347K Reduce -65.0% NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal 250,000 $253K Reduce -73.4% WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A · principal 8,000 $10K No change
Total filed on the 13F, all lines: $138.5M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ CCLP Csi Compressco LP Sold out 0.00% −2.38 HYT BlackRock Corp. Hi YLD Reduce -75.7% 0.21% −0.66 EFT Eaton Vance Fltng RT Inc. TR Sold out 0.00% −0.52 NHS Neuberger High Yield Strateg Sold out 0.00% −0.24 BND Vanguard Total Bond Market Reduce -2.0% 3.44% −0.24 XEFRX Eaton Vance Sr FLTG Rate TR Sold out 0.00% −0.23 VCSH Vanguard S/T Corp. Bond ETF Reduce -24.2% 0.44% −0.16 SMLP Summit Midstream Partners LP Reduce -53.4% 0.36% −0.15 CBL CBL & Associates Properties Reduce -2.0% 1.15% −0.14 XPHDX Pioneer Floating Rate Fund Sold out 0.00% −0.13 SPSB SS SPDR P St C Corp. ETF Reduce -24.2% 0.26% −0.09 BSV Vanguard Short-Term Bond ETF Reduce -24.2% 0.23% −0.09 VTI VG Morningstar TS MKT ETF-US Reduce -1.6% 86.37% +3.56
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ VGSH Vanguard Short-Term Treasury New 0.68% +0.68 HFRO Highland Opport & Income New 0.54% +0.54 HIX Western Asset High Inc. II New 0.28% +0.28 HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +12.0% 0.30% +0.02 SRLN SS Blackstone Sr Loan ETF Add +3.4% 1.83% +0.01
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal New 4,250,000 $4.2M APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -11.8% 62,000 $4.0M BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal Reduce -13.5% 1,915,000 $3.7M PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal New 2,450,000 $2.3M EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Reduce -7.7% 2,400,000 $2.2M ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal New 1,425,000 $1.4M ARES CAPITAL CORP (ARCC 4.625 03/01/24) NOTE 4.625% 3/0 · principal Sold out 1,070,000 $1.1Mbefore exit PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal Reduce -65.0% 350,000 $347K NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal Reduce -73.4% 250,000 $253K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 19 $115.1M VTI, WW, BND, SRLN, OPI Q1 2026 17 $101.2M VTI, BND, WW, SRLN, VGSH Q4 2025 18 $111.2M VTI, WW, BND, SRLN, BKLN Q3 2025 16 $114.0M VTI, WW, BND, SRLN, BKLN Q2 2025 15 $98.7M VTI, BND, SRLN, VGSH, BKLN Q1 2025 14 $93.1M VTI, BND, SRLN, BKLN, VGSH Q4 2024 14 $99.1M VTI, BND, SRLN, BKLN, HFRO Q3 2024 16 $100.3M VTI, BND, SRLN, BKLN, HFRO Q2 2024 21 $98.3M VTI, BND, SRLN, BKLN, CBL Q1 2024 22 $96.8M VTI, BND, SRLN, BKLN, CBL