Barings LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Barings LLC reported 153 stock positions worth $4.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 25.3% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 10.2%) and iShares Russell 2000 Growth (IWO, 10.0%). Compared with Q2 2024, it opened 21 new positions, sold out of 15, added to 37 and reduced 47. The biggest buy was a new position in Vanguard High DVD Yield ETF (VYM) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0000009015
- Portfolio Value
- $4.2B (Q3 2024)
- SEC Filing
- 0000009015-24-000030 ↗ filed Nov 13, 2024
Holdings Value
Holdings 153 stocks · $4.2B
| IVV iShares Core S&P 500 ETF | 25.30% | 1,859,065 | $1.1B | Add +1.9% |
| QQQ Invesco QQQ Trust Series 1 | 10.25% | 887,807 | $432.1M | Add +0.3% |
| IWO iShares Russell 2000 Growth | 10.03% | 1,492,250 | $422.9M | Reduce -3.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 9.62% | 5,108,527 | $405.7M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 8.54% | 6,840,027 | $360.2M | Reduce -0.4% |
| BBDC Barings BDC Inc. | 3.17% | 13,639,681 | $133.7M | No change |
| PDD PDD Holdings Inc. | 2.29% | 717,945 | $96.8M | Add +4.1% |
| CRH CRH PLC | 1.97% | 894,747 | $83.0M | Reduce -7.1% |
| WPM Wheaton Precious Metals Corp. | 1.83% | 1,263,950 | $77.2M | Add +1.3% |
| IEF iShares 7-10 Year Treasury B | 1.43% | 616,692 | $60.5M | Add +36.7% |
| VYM Vanguard High DVD Yield ETF | 1.40% | 461,407 | $59.2M | New |
| SU Suncor Energy Inc. | 1.21% | 1,380,870 | $51.0M | Reduce -9.3% |
| FLOT iShares Floating Rate Bond E | 1.05% | 870,000 | $44.4M | No change |
| VOO Vanguard S&P 500 ETF | 0.97% | 77,641 | $41.0M | New |
| SUSC iShares ESG Aware Usd Corpor | 0.91% | 1,615,502 | $38.4M | Add +46.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.81% | 59,418 | $34.1M | Reduce -51.8% |
| URTH iShares MSCI World ETF | 0.73% | 197,341 | $31.0M | Reduce -32.8% |
| EDU New Oriental Educatio-SP ADR | 0.71% | 394,216 | $29.9M | Add +18.3% |
| SE Sea Ltd.-ADR | 0.70% | 313,189 | $29.5M | Reduce -0.2% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.70% | 1,482,865 | $29.5M | New |
| AU Anglogold Ashanti PLC | 0.65% | 1,023,735 | $27.2M | Reduce -7.0% |
| LIN Linde PLC | 0.64% | 56,826 | $27.1M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 0.63% | 262,938 | $26.6M | Reduce -61.4% |
| SPHD Invesco S&P 500 High Dividen | 0.54% | 452,417 | $22.9M | New |
| HDB HDFC Bank Ltd.-ADR | 0.52% | 353,874 | $22.1M | Add +7354.7% |
| XOM Exxon Mobil Corp. | 0.51% | 184,423 | $21.6M | Add +0.5% |
| CEMB iShares JP Morgan Em Corpora | 0.47% | 430,243 | $19.8M | Reduce -36.1% |
| YUMC Yum China Holdings Inc. | 0.44% | 408,048 | $18.4M | No change |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 0.36% | 67,998 | $15.3M | Add +31.4% |
| EWJ iShares MSCI Japan ETF | 0.36% | 212,085 | $15.2M | Reduce -30.2% |
| QGEN Qiagen NV | 0.32% | 301,714 | $13.6M | No change |
| VCLT Vanguard Long-Term Corp. Bond | 0.32% | 166,112 | $13.5M | Add +28.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.30% | 110,627 | $12.5M | Reduce -18.4% |
| ENB Enbridge Inc. | 0.29% | 302,819 | $12.3M | Reduce -0.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.29% | 196,843 | $12.0M | New |
| CVX Chevron Corp. | 0.28% | 80,613 | $11.9M | Add +0.2% |
| MOAT Vaneck Morningstar Wide Moat | 0.28% | 120,328 | $11.7M | New |
| FPE FT-Preferred Secur & Inc. ETF | 0.27% | 633,195 | $11.5M | No change |
| ZTO Zto Express Cayman Inc.-ADR | 0.26% | 437,816 | $10.8M | No change |
| COP Conocophillips | 0.26% | 102,650 | $10.8M | Add +0.1% |
| EOG EOG Resources Inc. | 0.23% | 80,079 | $9.8M | No change |
| CTGO Contango Silver & Gold Inc. | 0.22% | 476,190 | $9.2M | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.22% | 1,376,861 | $9.2M | No change |
| EZU iShares MSCI Eurozone ETF | 0.21% | 170,512 | $8.9M | Reduce -49.0% |
| AEM Agnico Eagle Mines Ltd. | 0.21% | 107,839 | $8.7M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.20% | 86,893 | $8.6M | No change |
| EWH iShares MSCI Hong Kong ETF | 0.19% | 430,031 | $8.0M | Reduce -10.2% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 166,595 | $8.0M | New |
| CTVA Corteva Inc. | 0.19% | 134,364 | $7.9M | Reduce -49.2% |
| VLO Valero Energy Corp. | 0.18% | 55,159 | $7.4M | Reduce -16.2% |
| NTR Nutrien Ltd. | 0.18% | 154,546 | $7.4M | Reduce -69.7% |
| SHW The Sherwin-Williams Co. | 0.17% | 19,271 | $7.4M | No change |
| SCCO Southern Copper Corp. | 0.15% | 55,451 | $6.4M | Add +0.6% |
| ECL Ecolab Inc. | 0.15% | 25,063 | $6.4M | No change |
| TECK Teck Resources Ltd.-CLS B | 0.15% | 122,089 | $6.4M | New |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.15% | 469,918 | $6.2M | No change |
| NUE Nucor Corp. | 0.14% | 40,592 | $6.1M | Add +0.9% |
| EMBD Global X Emerging Markets BD | 0.14% | 254,400 | $6.0M | Add +0.6% |
| BAP Credicorp Ltd. | 0.14% | 32,170 | $5.8M | Add +92.9% |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR | 0.14% | 799,743 | $5.8M | Reduce -19.5% |
| BG Bunge Global SA | 0.13% | 56,437 | $5.5M | Reduce -13.0% |
| AMZN Amazon.com Inc. | 0.13% | 28,823 | $5.4M | Reduce -4.3% |
| QUAL iShares MSCI USA Quality Fac | 0.13% | 29,948 | $5.4M | Reduce -90.9% |
| DE Deere & Co. | 0.13% | 12,852 | $5.4M | Reduce -29.6% |
| DOW Dow Inc. | 0.13% | 97,200 | $5.3M | No change |
| MSFT Microsoft Corp. | 0.12% | 12,111 | $5.2M | Add +2.1% |
| FN Fabrinet | 0.12% | 21,488 | $5.1M | Reduce -6.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.12% | 368,632 | $5.0M | New |
| NVDA Nvidia Corp. | 0.12% | 41,104 | $5.0M | Add +2.1% |
| ADM Archer-Daniels-Midland Co. | 0.11% | 76,704 | $4.6M | Reduce -0.3% |
| LI Li Auto Inc. - ADR | 0.11% | 177,533 | $4.6M | No change |
| MPV Barings Participation Invest | 0.11% | 268,380 | $4.5M | Add +1.1% |
| VALE Vale SA-SP ADR | 0.10% | 378,645 | $4.4M | Reduce -33.3% |
| MCI Barings Corporate Investors | 0.10% | 219,664 | $4.4M | No change |
| GOOGL Alphabet Inc. Class A | 0.10% | 26,362 | $4.4M | Reduce -0.2% |
| NEM Newmont Corp. | 0.10% | 81,650 | $4.4M | New |
| EAGG iShares ESG Aware US Aggrega | 0.10% | 88,904 | $4.3M | Reduce -58.9% |
| MOS The Mosaic Co. | 0.10% | 150,876 | $4.0M | Add +70.9% |
| LYB Lyondellbasell Indu Class A | 0.09% | 41,602 | $4.0M | No change |
| TCPC BlackRock TCP Capital Corp. | 0.09% | 457,647 | $3.8M | Add +4.1% |
| PPC Pilgrim's Pride Corp. | 0.09% | 79,076 | $3.6M | Reduce -38.8% |
| UNH Unitedhealth Group Inc. | 0.09% | 6,160 | $3.6M | Add +2.6% |
| EOSE Eos Energy Enterprises Inc. | 0.08% | 1,199,018 | $3.6M | No change |
| BBD Banco Bradesco-ADR | 0.08% | 1,307,311 | $3.5M | Reduce -29.4% |
| TSCO Tractor Supply Company | 0.08% | 11,944 | $3.5M | No change |
| VGT Vanguard Info Tech ETF | 0.08% | 5,780 | $3.4M | Add +51.0% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.08% | 38,628 | $3.3M | Reduce -29.4% |
| BIZD Vaneck BDC Income ETF | 0.08% | 199,064 | $3.3M | Add +50.7% |
| XP XP Inc. Class A | 0.08% | 180,900 | $3.2M | New |
| ACWI iShares MSCI Acwi ETF | 0.08% | 26,991 | $3.2M | Reduce -27.2% |
| WY Weyerhaeuser Co. | 0.07% | 92,686 | $3.1M | Add +24.8% |
| VT Vanguard Tot World STK ETF | 0.07% | 26,069 | $3.1M | No change |
| IEV iShares Europe ETF | 0.07% | 49,433 | $2.9M | No change |
| DAR Darling Ingredients Inc. | 0.07% | 75,614 | $2.8M | No change |
| ML Moneylion Inc. | 0.07% | 67,620 | $2.8M | No change |
| IEUR iShares Core MSCI Europe ETF | 0.07% | 45,041 | $2.7M | Reduce -65.7% |
| AAPL Apple Inc. | 0.06% | 11,666 | $2.7M | Add +10.4% |
| AGCO Agco Corp. | 0.06% | 26,837 | $2.6M | No change |
| INGR Ingredion Inc. | 0.06% | 19,078 | $2.6M | Add +91.6% |
| LW Lamb Weston Holdings Inc. | 0.06% | 39,507 | $2.6M | Reduce -47.3% |
Other holdings (7): bonds, preferreds, convertibles and warrants · $66.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 16,680,000 | $18.6M | Reduce -3.5% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 17,963,000 | $14.4M | Add +179.0% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 16,337,000 | $12.0M | New |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 10,000,000 | $8.8M | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 5,000,000 | $5.2M | No change |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 5,000,000 | $4.7M | No change |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 3,000,000 | $2.5M | No change |
Total filed on the 13F, all lines: $4.3B.
Portfolio Sells Q2 2024 → Q3 2024
| QUAL iShares MSCI USA Quality Fac | Reduce -90.9% | 0.13% | −1.25 |
| AGG iShares Core U.S. Aggregate | Reduce -61.4% | 0.63% | −0.99 |
| SRLN SS Blackstone Sr Loan ETF | Sold out | 0.00% | −0.96 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -51.8% | 0.81% | −0.84 |
| NTR Nutrien Ltd. | Reduce -69.7% | 0.18% | −0.46 |
| URTH iShares MSCI World ETF | Reduce -32.8% | 0.73% | −0.33 |
| CEMB iShares JP Morgan Em Corpora | Reduce -36.1% | 0.47% | −0.26 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.24 |
| HEZU iShares Currency Hedged MSCI | Sold out | 0.00% | −0.24 |
| SU Suncor Energy Inc. | Reduce -9.3% | 1.21% | −0.22 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.20 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.20 |
| EZU iShares MSCI Eurozone ETF | Reduce -49.0% | 0.21% | −0.19 |
| CTVA Corteva Inc. | Reduce -49.2% | 0.19% | −0.16 |
| EWJ iShares MSCI Japan ETF | Reduce -30.2% | 0.36% | −0.15 |
| EAGG iShares ESG Aware US Aggrega | Reduce -58.9% | 0.10% | −0.15 |
| IEUR iShares Core MSCI Europe ETF | Reduce -65.7% | 0.07% | −0.12 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.4% | 8.54% | −0.10 |
| LW Lamb Weston Holdings Inc. | Reduce -47.3% | 0.06% | −0.09 |
| ASAIY Sendas Distribuidora SA | Sold out | 0.00% | −0.09 |
| VLO Valero Energy Corp. | Reduce -16.2% | 0.18% | −0.08 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -18.4% | 0.30% | −0.06 |
| VALE Vale SA-SP ADR | Reduce -33.3% | 0.10% | −0.05 |
| EC Ecopetrol SA-Sponsored ADR | Sold out | 0.00% | −0.04 |
| TBBB BBB Foods Inc. Class A | Reduce -90.5% | 0.01% | −0.04 |
| BG Bunge Global SA | Reduce -13.0% | 0.13% | −0.04 |
| DE Deere & Co. | Reduce -29.6% | 0.13% | −0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.04 |
| AU Anglogold Ashanti PLC | Reduce -7.0% | 0.65% | −0.04 |
| PPC Pilgrim's Pride Corp. | Reduce -38.8% | 0.09% | −0.04 |
| ACWI iShares MSCI Acwi ETF | Reduce -27.2% | 0.08% | −0.03 |
| CF CF Industries Holdings Inc. | Reduce -29.4% | 0.08% | −0.02 |
| AXIAY Axia Energia-ADR | Reduce -19.5% | 0.14% | −0.02 |
| BBD Banco Bradesco-ADR | Reduce -29.4% | 0.08% | −0.02 |
| BANCOLOMBIA S.A.-SPONS ADR | Sold out | 0.00% | −0.02 |
| FN Fabrinet | Reduce -6.3% | 0.12% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -4.3% | 0.13% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 0.10% | −0.01 |
| DEM Wisdomtree Emerging Markets | Sold out | 0.00% | −0.01 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.01 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.01 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Reduce -0.3% | 0.11% | −0.01 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -36.1% | 0.01% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -2.3% | 0.02% | −0.00 |
| AVGO Broadcom Inc. | Reduce -17.3% | 0.01% | −0.00 |
| TSLA Tesla Inc. | Reduce -30.6% | 0.01% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -1.4% | 0.01% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| VYM Vanguard High DVD Yield ETF | New | 1.40% | +1.40 |
| VOO Vanguard S&P 500 ETF | New | 0.97% | +0.97 |
| IVV iShares Core S&P 500 ETF | Add +1.9% | 25.30% | +0.70 |
| BEKE Ke Holdings Inc.-ADR | New | 0.70% | +0.70 |
| SPHD Invesco S&P 500 High Dividen | New | 0.54% | +0.54 |
| HDB HDFC Bank Ltd.-ADR | Add +7354.7% | 0.52% | +0.52 |
| IEF iShares 7-10 Year Treasury B | Add +36.7% | 1.43% | +0.40 |
| SUSC iShares ESG Aware Usd Corpor | Add +46.7% | 0.91% | +0.30 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.29% | +0.29 |
| MOAT Vaneck Morningstar Wide Moat | New | 0.28% | +0.28 |
| WPM Wheaton Precious Metals Corp. | Add +1.3% | 1.83% | +0.22 |
| VWO Vanguard Ftse Emerging Marke | New | 0.19% | +0.19 |
| ONC Beone Medicines Ltd.-ADR | Add +31.4% | 0.36% | +0.18 |
| TECK Teck Resources Ltd.-CLS B | New | 0.15% | +0.15 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.12% | +0.12 |
| NEM Newmont Corp. | New | 0.10% | +0.10 |
| VCLT Vanguard Long-Term Corp. Bond | Add +28.4% | 0.32% | +0.08 |
| XP XP Inc. Class A | New | 0.08% | +0.08 |
| EDU New Oriental Educatio-SP ADR | Add +18.3% | 0.71% | +0.07 |
| BAP Credicorp Ltd. | Add +92.9% | 0.14% | +0.07 |
| IFF Intl Flavors & Fragrances | New | 0.04% | +0.04 |
| PDD PDD Holdings Inc. | Add +4.1% | 2.29% | +0.04 |
| INGR Ingredion Inc. | Add +91.6% | 0.06% | +0.03 |
| MOS The Mosaic Co. | Add +70.9% | 0.10% | +0.03 |
| VGT Vanguard Info Tech ETF | Add +51.0% | 0.08% | +0.03 |
| FDL First Trust Morn DVD Lead Inc. | New | 0.02% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.02% | +0.02 |
| BIZD Vaneck BDC Income ETF | Add +50.7% | 0.08% | +0.02 |
| WY Weyerhaeuser Co. | Add +24.8% | 0.07% | +0.02 |
| MCHI iShares MSCI China ETF | New | 0.02% | +0.02 |
| AXON Axon Enterprise Inc. | Add +44.1% | 0.04% | +0.02 |
| CNH CNH Industrial NV | Add +53.9% | 0.04% | +0.02 |
| XYZ Block Inc. | Add +136.5% | 0.02% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +2.6% | 0.09% | +0.01 |
| AAPL Apple Inc. | Add +10.4% | 0.06% | +0.01 |
| BAC Bank of America Corp. | New | 0.01% | +0.01 |
| MA Mastercard Inc. Class A | New | 0.01% | +0.01 |
| SCCO Southern Copper Corp. | Add +0.6% | 0.15% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +77.7% | 0.01% | +0.01 |
| WMT Walmart Inc. | New | 0.01% | +0.01 |
| ADBE Adobe Inc. | New | 0.01% | +0.01 |
| JNJ Johnson & Johnson | New | 0.01% | +0.01 |
| ABBV Abbvie Inc. | New | 0.00% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +37.1% | 0.01% | +0.00 |
| CRM Salesforce Inc. | Add +1.3% | 0.05% | +0.00 |
| EMBD Global X Emerging Markets BD | Add +0.6% | 0.14% | +0.00 |
| V Visa Inc. Class A | Add +26.4% | 0.01% | +0.00 |
| BGH Barings GLBL SHRT Dur Hi YLD | Add +3.5% | 0.00% | +0.00 |
| MPV Barings Participation Invest | Add +1.1% | 0.11% | +0.00 |
| AMD Advanced Micro Devices | Add +1.4% | 0.01% | −0.00 |
Notes & Other Activity Q2 2024 → Q3 2024
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | Reduce -3.5% | 16,680,000 | $18.6M |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | Add +179.0% | 17,963,000 | $14.4M |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | New | 16,337,000 | $12.0M |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | Sold out | 3,000,000 | $2.8Mbefore exit |
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 | 184 | $5.4B | IVV, QQQ, IWO, VCSH, IGSB |
| Q1 2026 | 173 | $6.0B | IVV, LQD, JAAA, QQQ, IWO |
| Q4 2025 | 163 | $5.2B | IVV, QQQ, IWO, VCSH, IGSB |
| Q3 2025 | 165 | $5.1B | IVV, QQQ, IWO, VCSH, IGSB |
| Q2 2025 | 165 | $4.2B | IVV, QQQ, IWO, VCSH, IGSB |
| Q1 2025 | 158 | $3.9B | IVV, QQQ, IWO, VCSH, IGSB |
| Q4 2024 | 159 | $4.2B | IVV, QQQ, IWO, VCSH, IGSB |
| Q3 2024 | 153 | $4.2B | IVV, QQQ, IWO, VCSH, IGSB |
| Q2 2024Amended | 147 | $4.1B | IVV, QQQ, IWO, VCSH, IGSB |
| Q1 2024 | 150 | $3.9B | IVV, QQQ, IWO, VCSH, IGSB |