Barings LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed November 6, 2024), Barings LLC reported 147 stock positions worth $4.1 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 24.6% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 10.5%) and iShares Russell 2000 Growth (IWO, 10.0%). Compared with Q1 2024, it opened 18 new positions, sold out of 21, added to 25 and reduced 60. The biggest buy was a new position in Wheaton Precious Metals (WPM) and the biggest sale an exit from Core Scientific (CORZ).

Most Recent 13F
Q2 2026
Location
CHARLOTTE, NC
CIK
0000009015
Portfolio Value
$4.1B (Q2 2024)
SEC Filing
0000009015-24-000029 ↗ filed Nov 6, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $3.9B Q1 2024 Q2 2024: $4.1B $4.1B Q2 2024 Q3 2024: $4.2B Q3 2024 Q4 2024: $4.2B Q4 2024 Q1 2025: $3.9B Q1 2025 Q2 2025: $4.2B Q2 2025 Q3 2025: $5.1B Q3 2025 Q4 2025: $5.2B Q4 2025 Q1 2026: $6.0B Q1 2026 Q2 2026: $5.4B Q2 2026

Holdings 147 stocks · $4.1B
IVV iShares Core S&P 500 ETF 24.60% 1,823,862 $1.0B Add +5.7%
QQQ Invesco QQQ Trust Series 1 10.47% 885,591 $426.5M Reduce -3.7%
IWO iShares Russell 2000 Growth 10.01% 1,549,450 $407.5M Add +5.3%
VCSH Vanguard S/T Corp. Bond ETF 9.69% 5,108,527 $394.8M No change
IGSB iShares 1-5Y Inv Grade Corp. 8.64% 6,866,827 $351.9M Reduce -0.7%
BBDC Barings BDC Inc. 3.26% 13,639,681 $132.7M No change
PDD PDD Holdings Inc. 2.25% 689,810 $91.7M Add +14.2%
CRH CRH PLC 1.77% 963,165 $72.2M Add +4.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.65% 123,376 $67.1M Reduce -10.5%
AGG iShares Core U.S. Aggregate 1.62% 681,434 $66.1M Reduce -14.3%
WPM Wheaton Precious Metals Corp. 1.61% 1,247,258 $65.4M New
SU Suncor Energy Inc. 1.43% 1,523,300 $58.0M Add +21.4%
QUAL iShares MSCI USA Quality Fac 1.37% 327,813 $56.0M No change
FLOT iShares Floating Rate Bond E 1.09% 870,000 $44.4M Reduce -1.6%
URTH iShares MSCI World ETF 1.06% 293,582 $43.3M Add +8.9%
IEF iShares 7-10 Year Treasury B 1.04% 451,067 $42.2M No change
SRLN SS Blackstone Sr Loan ETF 0.96% 934,246 $39.1M Add +152.5%
CEMB iShares JP Morgan Em Corpora 0.73% 673,412 $29.8M No change
AU Anglogold Ashanti PLC 0.68% 1,101,183 $27.8M Add +395.0%
NTR Nutrien Ltd. 0.64% 509,273 $25.9M Add +0.2%
EDU New Oriental Educatio-SP ADR 0.64% 333,147 $25.9M No change
SUSC iShares ESG Aware Usd Corpor 0.61% 1,101,278 $25.0M Add +5.1%
LIN Linde PLC 0.61% 56,976 $25.0M Reduce -15.0%
SE Sea Ltd.-ADR 0.55% 313,820 $22.4M Reduce -4.1%
XOM Exxon Mobil Corp. 0.52% 183,464 $21.1M No change
EWJ iShares MSCI Japan ETF 0.51% 303,883 $20.7M Reduce -11.9%
EZU iShares MSCI Eurozone ETF 0.40% 334,170 $16.3M Add +46.1%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.36% 135,627 $14.5M Reduce -8.0%
CTVA Corteva Inc. 0.35% 264,570 $14.3M Reduce -15.1%
YUMC Yum China Holdings Inc. 0.31% 408,048 $12.6M Reduce -4.2%
CVX Chevron Corp. 0.31% 80,449 $12.6M Add +0.4%
QGEN Qiagen NV 0.31% 301,714 $12.5M New
COP Conocophillips 0.29% 102,520 $11.7M Reduce -21.7%
FPE FT-Preferred Secur & Inc. ETF 0.27% 633,195 $11.0M No change
ENB Enbridge Inc. 0.27% 304,431 $10.8M New
VLO Valero Energy Corp. 0.25% 65,833 $10.3M No change
EAGG iShares ESG Aware US Aggrega 0.25% 216,409 $10.1M Reduce -3.7%
EOG EOG Resources Inc. 0.25% 80,079 $10.1M Reduce -1.6%
SOXX iShares Semiconductor ETF 0.24% 40,146 $9.9M No change
HEZU iShares Currency Hedged MSCI 0.24% 272,761 $9.9M Add +24.1%
VCLT Vanguard Long-Term Corp. Bond 0.24% 129,421 $9.8M No change
FMX Fomento Economico Mex-SP ADR 0.23% 86,893 $9.4M Add +5.5%
ZTO Zto Express Cayman Inc.-ADR 0.22% 437,816 $9.1M Add +100.9%
CTGO Contango Silver & Gold Inc. 0.21% 476,190 $8.6M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.20% 64,409 $8.3M Add +7.1%
ITUB Itau Unibanco H-Spon PRF ADR 0.20% 1,376,861 $8.0M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.20% 49,947 $8.0M New
IEUR iShares Core MSCI Europe ETF 0.18% 131,455 $7.5M Add +39.9%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 0.18% 51,763 $7.4M Add +66.4%
EWH iShares MSCI Hong Kong ETF 0.18% 479,046 $7.3M Add +10.2%
AEM Agnico Eagle Mines Ltd. 0.17% 107,839 $7.1M New
BG Bunge Global SA 0.17% 64,874 $6.9M No change
DE Deere & Co. 0.17% 18,249 $6.8M Reduce -6.6%
PBR.A Petroleo Brasil-SP Pref ADR 0.16% 469,918 $6.4M No change
AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR 0.16% 993,886 $6.4M No change
NUE Nucor Corp. 0.16% 40,218 $6.4M No change
VALE Vale SA-SP ADR 0.16% 567,687 $6.3M No change
LW Lamb Weston Holdings Inc. 0.15% 74,967 $6.3M No change
ECL Ecolab Inc. 0.15% 25,063 $6.0M Reduce -1.6%
SCCO Southern Copper Corp. 0.15% 55,143 $5.9M Reduce -13.3%
AMZN Amazon.com Inc. 0.14% 30,110 $5.8M Reduce -15.3%
SHW The Sherwin-Williams Co. 0.14% 19,271 $5.8M Reduce -36.5%
EMBD Global X Emerging Markets BD 0.14% 252,900 $5.7M Reduce -5.7%
FN Fabrinet 0.14% 22,933 $5.6M Reduce -17.0%
MSFT Microsoft Corp. 0.13% 11,859 $5.3M Reduce -40.1%
DOW Dow Inc. 0.13% 97,200 $5.2M Reduce -19.4%
PPC Pilgrim's Pride Corp. 0.12% 129,291 $5.0M No change
ML Moneylion Inc. 0.12% 67,620 $5.0M New
NVDA Nvidia Corp. 0.12% 40,240 $5.0M Reduce -27.1%
GOOGL Alphabet Inc. Class A 0.12% 26,408 $4.8M Reduce -19.1%
TCPC BlackRock TCP Capital Corp. 0.12% 439,638 $4.7M No change
ADM Archer-Daniels-Midland Co. 0.11% 76,959 $4.7M Reduce -9.0%
MPV Barings Participation Invest 0.11% 265,512 $4.4M Add +208.3%
ACWI iShares MSCI Acwi ETF 0.10% 37,085 $4.2M Reduce -25.1%
BBD Banco Bradesco-ADR 0.10% 1,850,828 $4.1M No change
MCI Barings Corporate Investors 0.10% 219,664 $4.1M New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.10% 54,726 $4.1M Reduce -63.6%
LYB Lyondellbasell Indu Class A 0.10% 41,602 $4.0M Reduce -21.9%
ASAIY Sendas Distribuidora SA 0.09% 403,015 $3.7M No change
VRN Veren Inc. 0.08% 300,807 $3.4M New
TSCO Tractor Supply Company 0.08% 11,944 $3.2M Reduce -39.8%
LI Li Auto Inc. - ADR 0.08% 177,533 $3.2M No change
UNH Unitedhealth Group Inc. 0.08% 6,006 $3.1M Reduce -14.6%
VT Vanguard Tot World STK ETF 0.07% 26,069 $2.9M Reduce -83.4%
DAR Darling Ingredients Inc. 0.07% 75,614 $2.8M Reduce -10.3%
IEV iShares Europe ETF 0.07% 49,433 $2.7M Reduce -44.1%
BAP Credicorp Ltd. 0.07% 16,675 $2.7M No change
AGCO Agco Corp. 0.06% 26,837 $2.6M Reduce -49.1%
MOS The Mosaic Co. 0.06% 88,300 $2.6M Reduce -30.9%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.06% 56,153 $2.3M No change
BIZD Vaneck BDC Income ETF 0.06% 132,073 $2.3M No change
AAPL Apple Inc. 0.05% 10,568 $2.2M Reduce -12.0%
VGT Vanguard Info Tech ETF 0.05% 3,829 $2.2M Reduce -44.6%
WY Weyerhaeuser Co. 0.05% 74,288 $2.1M No change
TBBB BBB Foods Inc. Class A 0.05% 83,798 $2.0M Add +34.5%
BLFS Biolife Solutions Inc. 0.05% 91,316 $2.0M No change
CRM Salesforce Inc. 0.05% 7,283 $1.9M Reduce -17.2%
EC Ecopetrol SA-Sponsored ADR 0.04% 163,568 $1.8M New
LPX Louisiana-Pacific Corp. 0.04% 20,784 $1.7M Reduce -13.2%
ABEV Ambev SA-ADR 0.04% 812,481 $1.7M Reduce -19.3%

Show all 147 holdings

Other holdings (7): bonds, preferreds, convertibles and warrants · $42.5M (not counted above)
SecurityClassShares / PrincipalValueChange
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal 17,280,000$15.9MAdd +407.5%
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal 10,000,000$7.9MNo change
ITRON INC (ITRI 0 03/15/26) NOTE 3/1 · principal 5,000,000$5.0MNo change
BILL HOLDINGS INC (BILL 0 12/01/25) NOTE 12/0 · principal 5,000,000$4.6MNo change
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal 6,439,000$4.0MNo change
OMNICELL INC (OMCL 0.25 09/15/25) NOTE 0.250% 9/1 · principal 3,000,000$2.8MNo change
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal 3,000,000$2.2MNew

Total filed on the 13F, all lines: $4.1B.

Portfolio Sells Q1 2024 → Q2 2024
CORZ Core Scientific Inc. Sold out 0.00% −0.93
VUG Vanguard Mrngstar GR ETF-Sui Reduce -92.8% 0.04% −0.47
MOAT Vaneck Morningstar Wide Moat Sold out 0.00% −0.43
VT Vanguard Tot World STK ETF Reduce -83.4% 0.07% −0.37
IGSB iShares 1-5Y Inv Grade Corp. Reduce -0.7% 8.64% −0.35
AGG iShares Core U.S. Aggregate Reduce -14.3% 1.62% −0.35
CWB SS SPDR BB Conv Sec ETF Sold out 0.00% −0.25
CF CF Industries Holdings Inc. Reduce -63.6% 0.10% −0.22
SPY SS SPDR S&P 500 ETF Trust-US Reduce -10.5% 1.65% −0.18
LIN Linde PLC Reduce -15.0% 0.61% −0.18
TAL Tal Education Group- ADR Sold out 0.00% −0.16
COP Conocophillips Reduce -21.7% 0.29% −0.13
SHW The Sherwin-Williams Co. Reduce -36.5% 0.14% −0.13
YUMC Yum China Holdings Inc. Reduce -4.2% 0.31% −0.12
SBS Cia Saneamento Basico DE-ADR Sold out 0.00% −0.12
EWJ iShares MSCI Japan ETF Reduce -11.9% 0.51% −0.11
CTVA Corteva Inc. Reduce -15.1% 0.35% −0.11
AGCO Agco Corp. Reduce -49.1% 0.06% −0.10
MCI Babson Cap Corporate Invs Sold out 0.00% −0.10
MSFT Microsoft Corp. Reduce -40.1% 0.13% −0.08
MPV Babson Cap Partn Invs TR Sold out 0.00% −0.06
IEV iShares Europe ETF Reduce -44.1% 0.07% −0.06
FLOT iShares Floating Rate Bond E Reduce -1.6% 1.09% −0.05
TSCO Tractor Supply Company Reduce -39.8% 0.08% −0.05
AON Aon PLC Class A Reduce -48.9% 0.04% −0.05
DOW Dow Inc. Reduce -19.4% 0.13% −0.05
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -8.0% 0.36% −0.05
MOS The Mosaic Co. Reduce -30.9% 0.06% −0.04
BANCOLOMBIA S.A.-SPONS ADR Reduce -67.2% 0.02% −0.04
LYB Lyondellbasell Indu Class A Reduce -21.9% 0.10% −0.04
MA Mastercard Inc. Class A Sold out 0.00% −0.04
VGT Vanguard Info Tech ETF Reduce -44.6% 0.05% −0.04
DE Deere & Co. Reduce -6.6% 0.17% −0.04
ACWI iShares MSCI Acwi ETF Reduce -25.1% 0.10% −0.04
V Visa Inc. Class A Reduce -85.2% 0.01% −0.04
DAR Darling Ingredients Inc. Reduce -10.3% 0.07% −0.03
SCCO Southern Copper Corp. Reduce -13.3% 0.15% −0.03
ABEV Ambev SA-ADR Reduce -19.3% 0.04% −0.02
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.02
CRM Salesforce Inc. Reduce -17.2% 0.05% −0.02
TJX TJX Companies Inc. Reduce -58.3% 0.02% −0.02
ADM Archer-Daniels-Midland Co. Reduce -9.0% 0.11% −0.02
EAGG iShares ESG Aware US Aggrega Reduce -3.7% 0.25% −0.02
MCD McDonald's Corp. Reduce -34.9% 0.03% −0.02
AMZN Amazon.com Inc. Reduce -15.3% 0.14% −0.02
PCTY Paylocity Holding Corp. Reduce -20.9% 0.03% −0.02
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.02
EOG EOG Resources Inc. Reduce -1.6% 0.25% −0.02
AMCR Amcor PLC Sold out 0.00% −0.02
SYK Stryker Corp. Sold out 0.00% −0.02

Portfolio Buys Q1 2024 → Q2 2024
WPM Wheaton Precious Metals Corp. New 1.61% +1.61
IVV iShares Core S&P 500 ETF Add +5.7% 24.60% +1.60
SRLN SS Blackstone Sr Loan ETF Add +152.5% 0.96% +0.56
AU Anglogold Ashanti PLC Add +395.0% 0.68% +0.56
PDD PDD Holdings Inc. Add +14.2% 2.25% +0.47
QGEN Qiagen NV New 0.31% +0.31
ENB Enbridge Inc. New 0.27% +0.27
SU Suncor Energy Inc. Add +21.4% 1.43% +0.25
CTGO Contango Silver & Gold Inc. New 0.21% +0.21
VTV Vanguard Mrngstr Val ETF-Aui New 0.20% +0.20
AEM Agnico Eagle Mines Ltd. New 0.17% +0.17
ML Moneylion Inc. New 0.12% +0.12
ZTO Zto Express Cayman Inc.-ADR Add +100.9% 0.22% +0.11
EZU iShares MSCI Eurozone ETF Add +46.1% 0.40% +0.10
MCI Barings Corporate Investors New 0.10% +0.10
VRN Veren Inc. New 0.08% +0.08
MPV Barings Participation Invest Add +208.3% 0.11% +0.07
URTH iShares MSCI World ETF Add +8.9% 1.06% +0.07
ONC Beone Medicines Ltd.-ADR Add +66.4% 0.18% +0.06
IEUR iShares Core MSCI Europe ETF Add +39.9% 0.18% +0.05
EC Ecopetrol SA-Sponsored ADR New 0.04% +0.04
HEZU iShares Currency Hedged MSCI Add +24.1% 0.24% +0.04
INGR Ingredion Inc. New 0.03% +0.03
CPNG Coupang Inc. New 0.02% +0.02
TBBB BBB Foods Inc. Class A Add +34.5% 0.05% +0.01
NKE Nike Inc. Class B New 0.01% +0.01
LLY Eli Lilly & Co. New 0.01% +0.01
COST Costco Wholesale Corp. New 0.01% +0.01
XYZ Block Inc. New 0.01% +0.01
EWH iShares MSCI Hong Kong ETF Add +10.2% 0.18% +0.01
KSPI JSC Kaspi.kz ADR Add +7.1% 0.20% +0.01
PG The Procter & Gamble Co. New 0.01% +0.01
TSLA Tesla Inc. Add +74.1% 0.01% +0.01
HD Home Depot Inc. New 0.01% +0.01
SUSC iShares ESG Aware Usd Corpor Add +5.1% 0.61% +0.00
AXON Axon Enterprise Inc. Add +21.8% 0.02% +0.00
BGH Barings GLBL SHRT Dur Hi YLD Add +2.3% 0.00% 0.00
NBIS Nebius Group NV Add +9.0% 0.00% 0.00
CVX Chevron Corp. Add +0.4% 0.31% −0.01
FMX Fomento Economico Mex-SP ADR Add +5.5% 0.23% −0.04
NTR Nutrien Ltd. Add +0.2% 0.64% −0.06
IWO iShares Russell 2000 Growth Add +5.3% 10.01% −0.10
CRH CRH PLC Add +4.5% 1.77% −0.24

Notes & Other Activity Q1 2024 → Q2 2024
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal Add +407.5% 17,280,000 $15.9M
MFA FINANCIAL INC (MFA 6.25 06/15/24) NOTE 6.250% 6/1 · principal Sold out 15,000,000 $14.9Mbefore exit
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal New 3,000,000 $2.2M
CORZZ Core Scientific Inc. - 29 *W EXP 01/23/202 Sold out 41,585 $100Kbefore exit
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 Sold out 49,902 $65Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 184$5.4BIVV, QQQ, IWO, VCSH, IGSB
Q1 2026 173$6.0BIVV, LQD, JAAA, QQQ, IWO
Q4 2025 163$5.2BIVV, QQQ, IWO, VCSH, IGSB
Q3 2025 165$5.1BIVV, QQQ, IWO, VCSH, IGSB
Q2 2025 165$4.2BIVV, QQQ, IWO, VCSH, IGSB
Q1 2025 158$3.9BIVV, QQQ, IWO, VCSH, IGSB
Q4 2024 159$4.2BIVV, QQQ, IWO, VCSH, IGSB
Q3 2024 153$4.2BIVV, QQQ, IWO, VCSH, IGSB
Q2 2024Amended 147$4.1BIVV, QQQ, IWO, VCSH, IGSB
Q1 2024 150$3.9BIVV, QQQ, IWO, VCSH, IGSB