AEGON USA Investment Management, LLC In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), AEGON USA Investment Management, LLC reported 16 stock positions worth $100.3 million . Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 87.8% of the portfolio, followed by Vanguard Total Bond Market (BND, 3.3% ) and SS Blackstone Sr Loan ETF (SRLN, 2.0% ). Compared with Q2 2024, it opened 3 new positions, sold out of 8, added to 4 and reduced 6. The biggest buy was a new position in Invesco S&P 500 Quality ETF (SPHQ) and the biggest sale an exit from Rivernorth Opportunities (RIV).
Location CEDAR RAPIDS, IA
CIK 0001454937
Portfolio Value $100.3M (Q3 2024) Holdings 16 stocks · $100.3M 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 Q2 2024 VTI VG Morningstar TS MKT ETF-US 311,026 $88.1M Reduce -0.7% BND Vanguard Total Bond Market 44,182 $3.3M Reduce -1.7% SRLN SS Blackstone Sr Loan ETF 47,300 $2.0M Reduce -4.0% BKLN Invesco Senior Loan ETF 71,000 $1.5M Reduce -8.6% HFRO Highland Opport & Income 163,121 $1000K Add +12.5% VGSH Vanguard Short-Term Treasury 13,500 $797K Add +18.2% CBL CBL & Associates Properties 27,754 $699K Reduce -42.9% HYG Ishr Ibx Usd Hiyld CB ETF-Ui 5,575 $448K Add +48.9% SPHQ Invesco S&P 500 Quality ETF 5,725 $385K New VUG Vanguard Mrngstar GR ETF-Sui 1,002 $385K New CCO Clear Channel Outdoor Holdin 215,807 $345K Add +39.7% ETB Eaton Vance T/M Buy-WRT Inc. 21,756 $314K No change FCT First Trust SNR FL RT Inc. II 30,017 $311K No change HIX Western Asset High Inc. II 60,614 $273K No change IHRT Iheartmedia Inc. Class A 144,005 $266K Reduce -31.0% GTN Gray Media Inc. filed as GRAY TELEVISION INC 42,844 $230K New
Other holdings (19): bonds, preferreds, convertibles and warrants · $27.0M (not counted above) Security Class Shares / Principal Value Change BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 3,108 $4.0M Reduce -23.1% NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 57,000 $2.7M Reduce -5.4% SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 2,268,000 $2.5M No change FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 2,347,000 $2.3M Reduce -8.8% BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 936,000 $2.1M No change APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 28,913 $2.0M Reduce -10.9% DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 1,759,000 $1.9M New SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 1,813,000 $1.8M No change VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 981,000 $1.2M New PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 1,122,000 $1.2M No change CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 1,129,000 $1.1M New EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 1,132,000 $1.1M No change CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 905,000 $969K New ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 746,000 $779K No change EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 588,000 $576K No change NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 8,000 $445K New PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal 217,000 $217K No change NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal 155,000 $156K No change WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A · principal 4,000 $5K Reduce -10.6%
Total filed on the 13F, all lines: $127.3M.
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ RIV Rivernorth Opportunities Sold out 0.00% −0.62 CBL CBL & Associates Properties Reduce -42.9% 0.70% −0.46 VCSH Vanguard S/T Corp. Bond ETF Sold out 0.00% −0.43 NEW AMERICA HIGH INCOME FUND Sold out 0.00% −0.38 SMLP Summit Midstream Partners LP Sold out 0.00% −0.29 ISD Pgim High Yield Bond Fund Sold out 0.00% −0.27 SPSB SS SPDR P St C Corp. ETF Sold out 0.00% −0.25 XHNWX Pioneer Diversified High Sold out 0.00% −0.23 BSV Vanguard Short-Term Bond ETF Sold out 0.00% −0.23 BKLN Invesco Senior Loan ETF Reduce -8.6% 1.49% −0.18 SRLN SS Blackstone Sr Loan ETF Reduce -4.0% 1.97% −0.12 BND Vanguard Total Bond Market Reduce -1.7% 3.31% −0.01 IHRT Iheartmedia Inc. Class A Reduce -31.0% 0.27% +0.03 VTI VG Morningstar TS MKT ETF-US Reduce -0.7% 87.80% +1.98
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ SPHQ Invesco S&P 500 Quality ETF New 0.38% +0.38 VUG Vanguard Mrngstar GR ETF-Sui New 0.38% +0.38 GTN Gray Media Inc. New 0.23% +0.23 HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +48.9% 0.45% +0.15 CCO Clear Channel Outdoor Holdin Add +39.7% 0.34% +0.12 VGSH Vanguard Short-Term Treasury Add +18.2% 0.79% +0.12 HFRO Highland Opport & Income Add +12.5% 1.00% +0.08
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -23.1% 3,108 $4.0M NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 Reduce -5.4% 57,000 $2.7M FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Reduce -8.8% 2,347,000 $2.3M APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -10.9% 28,913 $2.0M DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal New 1,759,000 $1.9M VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal New 981,000 $1.2M CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal New 1,129,000 $1.1M CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal New 905,000 $969K NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 New 8,000 $445K WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A · principal Reduce -10.6% 4,000 $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