AEGON USA Investment Management, LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), AEGON USA Investment Management, LLC reported 21 stock positions worth $98.3 million . Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 85.8% of the portfolio, followed by Vanguard Total Bond Market (BND, 3.3% ) and SS Blackstone Sr Loan ETF (SRLN, 2.1% ). Compared with Q1 2024, it sold out of 1, added to 5 and reduced 3. The biggest buy was Highland Opport & Income (HFRO, shares +93% ) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −3% ).
Location CEDAR RAPIDS, IA
CIK 0001454937
Portfolio Value $98.3M (Q2 2024) Holdings 21 stocks · $98.3M 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 Q1 2024 VTI VG Morningstar TS MKT ETF-US 313,306 $84.4M Reduce -2.6% BND Vanguard Total Bond Market 44,941 $3.3M Reduce -1.9% SRLN SS Blackstone Sr Loan ETF 49,290 $2.1M Add +16.8% BKLN Invesco Senior Loan ETF 77,640 $1.6M Add +22.4% CBL CBL & Associates Properties 48,641 $1.1M No change HFRO Highland Opport & Income 144,949 $906K Add +93.4% VGSH Vanguard Short-Term Treasury 11,419 $662K No change RIV Rivernorth Opportunities 50,165 $615K No change VCSH Vanguard S/T Corp. Bond ETF 5,502 $426K No change NEW AMERICA HIGH INCOME FUND 50,318 $369K No change ETB Eaton Vance T/M Buy-WRT Inc. 21,756 $307K No change FCT First Trust SNR FL RT Inc. II 30,017 $303K No change HYG Ishr Ibx Usd Hiyld CB ETF-Ui 3,743 $290K No change SMLP Summit Midstream Partners LP 8,124 $289K Reduce -34.0% ISD Pgim High Yield Bond Fund 20,953 $270K No change HIX Western Asset High Inc. II 60,614 $264K No change SPSB SS SPDR P St C Corp. ETF 8,376 $249K No change IHRT Iheartmedia Inc. Class A 208,713 $227K Add +128.3% XHNWX Pioneer Diversified High 19,260 $225K No change BSV Vanguard Short-Term Bond ETF 2,924 $224K No change CCO Clear Channel Outdoor Holdin 154,449 $218K Add +53.4%
Other holdings (14): bonds, preferreds, convertibles and warrants · $22.0M (not counted above) Security Class Shares / Principal Value Change BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 4,041 $4.8M Reduce -49.2% FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 2,572,000 $2.6M Reduce -42.8% NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 60,282 $2.5M Reduce -37.9% SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 2,268,000 $2.3M Reduce -46.6% APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 32,463 $2.1M Reduce -47.6% BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 936,000 $2.0M Reduce -51.1% SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 1,813,000 $1.8M Reduce -54.7% PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 1,122,000 $1.1M Reduce -54.2% EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 1,132,000 $1.0M Reduce -52.8% ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 746,000 $734K Reduce -47.6% EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 588,000 $570K Reduce -53.9% PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal 217,000 $216K Reduce -38.0% NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal 155,000 $156K Reduce -38.0% WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A · principal 4,472 $5K Reduce -44.1%
Total filed on the 13F, all lines: $120.3M.
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ VTI VG Morningstar TS MKT ETF-US Reduce -2.6% 85.82% −0.55 HYT BlackRock Corp. Hi YLD Sold out 0.00% −0.21 BND Vanguard Total Bond Market Reduce -1.9% 3.32% −0.12 SMLP Summit Midstream Partners LP Reduce -34.0% 0.29% −0.06
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ HFRO Highland Opport & Income Add +93.4% 0.92% +0.38 BKLN Invesco Senior Loan ETF Add +22.4% 1.67% +0.28 SRLN SS Blackstone Sr Loan ETF Add +16.8% 2.09% +0.26 CCO Clear Channel Outdoor Holdin Add +53.4% 0.22% +0.05 IHRT Iheartmedia Inc. Class A Add +128.3% 0.23% +0.03
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -49.2% 4,041 $4.8M FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Reduce -42.8% 2,572,000 $2.6M NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 Reduce -37.9% 60,282 $2.5M SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal Reduce -46.6% 2,268,000 $2.3M APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -47.6% 32,463 $2.1M BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal Reduce -51.1% 936,000 $2.0M SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal Reduce -54.7% 1,813,000 $1.8M PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Reduce -54.2% 1,122,000 $1.1M EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Reduce -52.8% 1,132,000 $1.0M ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal Reduce -47.6% 746,000 $734K EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal Reduce -53.9% 588,000 $570K PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal Reduce -38.0% 217,000 $216K NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal Reduce -38.0% 155,000 $156K WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A · principal Reduce -44.1% 4,472 $5K
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