Barings LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Barings LLC reported 158 stock positions worth $3.9 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 22.9% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 10.9%) and iShares Russell 2000 Growth (IWO, 10.6%). Compared with Q4 2024, it opened 11 new positions, sold out of 12, added to 36 and reduced 77. The biggest buy was iShares Europe ETF (IEV, shares +3871%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −16%).

Most Recent 13F
Q2 2026
Location
CHARLOTTE, NC
CIK
0000009015
Portfolio Value
$3.9B (Q1 2025)
SEC Filing
0000009015-25-000009 ↗ filed May 9, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $3.9B Q1 2024 Q2 2024: $4.1B Q2 2024 Q3 2024: $4.2B Q3 2024 Q4 2024: $4.2B Q4 2024 Q1 2025: $3.9B $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 158 stocks · $3.9B
IVV iShares Core S&P 500 ETF 22.87% 1,599,221 $898.6M Reduce -16.0%
QQQ Invesco QQQ Trust Series 1 10.88% 911,307 $427.3M Add +2.1%
IWO iShares Russell 2000 Growth 10.65% 1,623,850 $418.3M Add +5.2%
VCSH Vanguard S/T Corp. Bond ETF 10.26% 5,108,527 $403.3M Reduce -0.8%
IGSB iShares 1-5Y Inv Grade Corp. 9.12% 6,840,027 $358.2M No change
BBDC Barings BDC Inc. 3.31% 13,639,681 $130.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.59% 111,583 $62.4M Add +89.5%
PDD PDD Holdings Inc. 1.54% 511,703 $60.6M Reduce -30.7%
IEF iShares 7-10 Year Treasury B 1.53% 629,394 $60.0M Add +5.6%
QUAL iShares MSCI USA Quality Fac 1.25% 287,541 $49.1M Add +24.4%
URTH iShares MSCI World ETF 1.23% 314,245 $48.1M Add +26.2%
FLOT iShares Floating Rate Bond E 1.01% 780,000 $39.8M Reduce -10.3%
IEV iShares Europe ETF 1.01% 682,193 $39.7M Add +3871.3%
SE Sea Ltd.-ADR 0.97% 291,272 $38.0M Reduce -2.9%
WPM Wheaton Precious Metals Corp. 0.92% 468,069 $36.3M Reduce -17.6%
SHV iShares 0-1 Year Treasury Bo 0.85% 301,611 $33.3M New
CRH CRH PLC 0.73% 324,565 $28.6M Reduce -32.7%
AU Anglogold Ashanti PLC 0.69% 727,628 $27.2M Reduce -15.5%
EEM iShares MSCI Emerging Market 0.63% 567,647 $24.8M New
IGV iShares Expanded Tech-Softwa 0.61% 271,138 $24.1M Add +83.4%
VT Vanguard Tot World STK ETF 0.60% 204,961 $23.8M Add +756.8%
YUMC Yum China Holdings Inc. 0.59% 447,969 $23.3M Reduce -16.6%
SUSC iShares ESG Aware Usd Corpor 0.59% 1,009,387 $23.3M Reduce -23.5%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.59% 1,151,606 $23.1M Reduce -7.0%
HDB HDFC Bank Ltd.-ADR 0.54% 319,467 $21.2M Reduce -12.6%
VFH Vanguard Financials ETF 0.54% 177,546 $21.2M New
VOO Vanguard S&P 500 ETF 0.52% 39,721 $20.4M Reduce -24.4%
SPHD Invesco S&P 500 High Dividen 0.48% 376,798 $18.9M Reduce -23.0%
LIN Linde PLC 0.44% 37,527 $17.5M Reduce -17.8%
QGEN Qiagen N.V. 0.41% 407,996 $16.2M Add +1.1%
SU Suncor Energy Inc. 0.40% 404,920 $15.7M Reduce -27.0%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 0.39% 55,604 $15.1M Reduce -22.1%
EMBD Global X Emerging Markets BD 0.38% 651,900 $14.9M Add +35.3%
XOM Exxon Mobil Corp. 0.38% 124,369 $14.8M Reduce -31.9%
AGG iShares Core U.S. Aggregate 0.36% 141,889 $14.0M Add +11.8%
QQQM Invesco Nasdaq 100 ETF 0.34% 69,013 $13.3M Reduce -5.3%
CEMB iShares JP Morgan Em Corpora 0.31% 272,442 $12.3M Reduce -17.9%
ENB Enbridge Inc. 0.31% 277,354 $12.3M Reduce -8.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.31% 110,627 $12.0M No change
FPE FT-Preferred Secur & Inc. ETF 0.28% 622,445 $10.9M Reduce -1.7%
EZU iShares MSCI Eurozone ETF 0.26% 193,846 $10.3M Add +63.9%
VGT Vanguard Info Tech ETF 0.26% 18,474 $10.0M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.24% 920,556 $9.4M No change
PBR.A Petroleo Brasil-SP Pref ADR 0.24% 721,452 $9.4M No change
CTVA Corteva Inc. 0.24% 149,466 $9.4M Add +37.0%
COP Conocophillips 0.24% 88,102 $9.3M Reduce -13.4%
NBR Nabors Industries Ltd. 0.23% 212,526 $8.9M New
MOS The Mosaic Co. 0.22% 322,205 $8.7M Add +166.1%
VALE Vale SA-SP ADR 0.21% 845,593 $8.4M Add +5.6%
ITUB Itau Unibanco H-Spon PRF ADR 0.21% 1,514,547 $8.3M Add +10.0%
EOG EOG Resources Inc. 0.20% 60,352 $7.7M Reduce -24.6%
CVX Chevron Corp. 0.19% 44,794 $7.5M Reduce -43.8%
AEM Agnico Eagle Mines Ltd. 0.19% 67,590 $7.3M Reduce -24.2%
VNET Vnet Group Inc.-ADR 0.17% 832,077 $6.8M New
PAAS Pan American Silver Corp. 0.17% 255,120 $6.6M Add +25.1%
BAP Credicorp Ltd. 0.16% 34,737 $6.5M No change
NTR Nutrien Ltd. 0.16% 126,661 $6.3M Reduce -3.0%
ML Moneylion Inc. 0.15% 67,620 $5.8M No change
DAR Darling Ingredients Inc. 0.14% 182,031 $5.7M Add +21.5%
SHW The Sherwin-Williams Co. 0.14% 16,200 $5.7M Reduce -17.3%
AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR 0.14% 795,740 $5.6M Reduce -0.5%
FMX Fomento Economico Mex-SP ADR 0.14% 55,129 $5.4M Reduce -31.2%
NUE Nucor Corp. 0.14% 44,646 $5.4M Reduce -19.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.14% 127,748 $5.3M Add +102.3%
MCI Barings Corporate Investors 0.13% 219,664 $5.1M No change
VLO Valero Energy Corp. 0.13% 38,580 $5.1M Reduce -30.1%
MSFT Microsoft Corp. 0.13% 13,540 $5.1M Add +5.4%
CNH CNH Industrial NV 0.13% 410,115 $5.0M No change
ECL Ecolab Inc. 0.13% 19,667 $5.0M Reduce -21.5%
HES Hess Corp. 0.13% 31,095 $5.0M New
CTGO Contango Silver & Gold Inc. 0.12% 476,190 $4.9M No change
MPV Barings Participation Invest 0.12% 275,017 $4.8M Add +1.4%
AMZN Amazon.com Inc. 0.12% 25,412 $4.8M Reduce -3.1%
MOAT Vaneck Morningstar Wide Moat 0.12% 53,593 $4.7M Reduce -79.4%
EOSE Eos Energy Enterprises Inc. 0.12% 1,199,018 $4.5M Reduce -50.1%
LI Li Auto Inc. - ADR 0.11% 177,533 $4.5M No change
IEUR iShares Core MSCI Europe ETF 0.11% 74,003 $4.5M Add +64.3%
PCH Potlatchdeltic Corp. 0.11% 98,366 $4.4M Add +317.6%
FN Fabrinet 0.11% 21,488 $4.2M No change
WY Weyerhaeuser Co. 0.11% 144,453 $4.2M Add +14.5%
AAPL Apple Inc. 0.10% 18,445 $4.1M Add +5.7%
EWH iShares MSCI Hong Kong ETF 0.10% 228,337 $4.0M Reduce -46.9%
TCPC BlackRock TCP Capital Corp. 0.10% 497,580 $4.0M Add +3.6%
BIZD Vaneck BDC Income ETF 0.10% 236,283 $4.0M No change
TECK Teck Resources Ltd.-CLS B 0.10% 106,356 $3.9M Reduce -28.8%
CWB SS SPDR BB Conv Sec ETF 0.09% 47,196 $3.6M New
DE Deere & Co. 0.09% 7,620 $3.6M Reduce -18.9%
EDU New Oriental Educatio-SP ADR 0.09% 72,337 $3.5M Reduce -68.7%
BG Bunge Global SA 0.09% 45,003 $3.4M Reduce -20.3%
NVDA Nvidia Corp. 0.08% 30,649 $3.3M Reduce -14.8%
ACWI iShares MSCI Acwi ETF 0.08% 26,991 $3.1M No change
IVW iShares S&P 500 Growth ETF 0.08% 32,851 $3.0M Reduce -36.0%
FDL First Trust Morn DVD Lead Inc. 0.07% 66,766 $2.9M Reduce -8.4%
EAGG iShares ESG Aware US Aggrega 0.07% 60,909 $2.9M No change
AGCO Agco Corp. 0.07% 30,386 $2.8M No change
TSCO Tractor Supply Company 0.07% 50,108 $2.8M Reduce -16.1%
UNH Unitedhealth Group Inc. 0.07% 5,255 $2.8M Reduce -22.8%
VCLT Vanguard Long-Term Corp. Bond 0.07% 35,856 $2.7M Reduce -50.6%
GOOGL Alphabet Inc. Class A 0.07% 17,304 $2.7M Reduce -29.0%
NEM Newmont Corp. 0.07% 53,005 $2.6M Reduce -27.1%
EWJ iShares MSCI Japan ETF 0.06% 36,110 $2.5M No change
INGR Ingredion Inc. 0.06% 17,204 $2.3M Reduce -9.8%
MCHI iShares MSCI China ETF 0.06% 39,831 $2.2M Add +153.9%
BLFS Biolife Solutions Inc. 0.05% 91,316 $2.1M No change
TSN Tyson Foods Inc. Class A 0.05% 32,196 $2.1M No change
AON Aon PLC Class A 0.05% 5,035 $2.0M No change
VRN Veren Inc. 0.05% 300,807 $2.0M No change
FIS Fidelity National Info Serv 0.05% 25,794 $1.9M Add +52.2%
ABEV Ambev SA-ADR 0.05% 812,481 $1.9M No change
TKO Tko Group Holdings Inc. 0.05% 12,139 $1.9M Add +30.0%
VWO Vanguard Ftse Emerging Marke 0.05% 40,756 $1.8M Reduce -76.8%
XP XP Inc. Class A 0.04% 124,535 $1.7M Reduce -31.2%
AXON Axon Enterprise Inc. 0.04% 3,155 $1.7M Add +9.7%
XLF SS Financial Select Sector 0.04% 33,265 $1.7M New
MCD McDonald's Corp. 0.04% 4,494 $1.4M Reduce -3.3%
ADM Archer-Daniels-Midland Co. 0.03% 27,926 $1.3M Reduce -28.4%
GPK Graphic Packaging Holding Co. 0.03% 50,909 $1.3M No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.03% 33,175 $1.3M Reduce -40.9%
SCCO Southern Copper Corp. 0.03% 12,619 $1.2M Reduce -42.8%
SOXX iShares Semiconductor ETF 0.03% 6,027 $1.1M Reduce -24.4%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.03% 14,293 $1.1M Reduce -71.9%
URI United Rentals Inc. 0.03% 1,780 $1.1M Add +3.7%
PAVE Global X US Infrastructure 0.03% 28,426 $1.1M No change
PBR Petroleo Brasileiro-Spon ADR 0.03% 73,545 $1.1M No change
CRM Salesforce Inc. 0.03% 3,784 $1.0M Reduce -45.0%
LLY Eli Lilly & Co. 0.03% 1,191 $984K Reduce -28.6%
NET Cloudflare Inc. Class A 0.02% 8,025 $904K Reduce -16.9%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.02% 11,438 $888K No change
HNRG Hallador Energy Co. 0.02% 69,239 $850K No change
BANCOLOMBIA S.A.-SPONS ADR 0.02% 20,666 $831K New
META Meta Platforms Inc. Class A 0.02% 1,319 $760K Reduce -40.7%
MBB iShares MBS ETF 0.02% 8,100 $760K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 6,082 $741K Add +3.8%
CPNG Coupang Inc. 0.02% 33,064 $725K Reduce -36.1%
XYZ Block Inc. 0.02% 12,370 $672K Reduce -16.8%
LIF LIFE360 Inc. 0.01% 13,473 $517K No change
GOOG Alphabet Inc. Class C 0.01% 3,151 $492K Reduce -39.0%
BRK.B Berkshire Hathaway Inc. Class B 0.01% 898 $478K Reduce -18.1%
AVGO Broadcom Inc. 0.01% 2,700 $452K Reduce -17.1%
TSLA Tesla Inc. 0.01% 1,711 $443K Add +32.7%
TBBB BBB Foods Inc. Class A 0.01% 16,458 $439K Reduce -56.6%
SLQD iShares 0-5 YR Inv GRD Corp. 0.01% 7,884 $396K No change
V Visa Inc. Class A 0.01% 1,103 $387K Reduce -12.5%
JPM JPMorgan Chase & Co. 0.01% 1,511 $371K Reduce -17.4%
IBN Icici Bank Ltd.-Spon ADR 0.01% 10,534 $332K Add +17.9%
JNJ Johnson & Johnson 0.01% 1,951 $324K Reduce -9.2%
ABBV Abbvie Inc. 0.01% 1,437 $301K Reduce -11.7%
MA Mastercard Inc. Class A 0.01% 514 $282K Reduce -15.3%
NFLX Netflix Inc. 0.01% 265 $247K Reduce -45.4%
EMXC iShares MSCI Emr MRK Ex Chna 0.01% 4,203 $232K Reduce -59.1%
BGH Barings GLBL SHRT Dur Hi YLD 0.01% 14,227 $220K Add +2.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 5,179 $216K Reduce -9.0%
ABT Abbott Laboratories 0.01% 1,614 $214K New
KORE Kore Group Holdings Inc. 0.00% 49,433 $122K New
WIT Wipro Ltd.-ADR 0.00% 27,504 $84K Reduce -19.4%
CURI Curiositystream Inc. 0.00% 27,930 $75K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.00% 100 $8K No change
NBIS Nebius Group NV 0.00% 90,661 $0 No change
Other holdings (5): bonds, preferreds, convertibles and warrants · $77.5M (not counted above)
SecurityClassShares / PrincipalValueChange
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal 22,704,000$24.1MAdd +36.1%
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 20,000,000$19.9MNew
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 22,497,000$19.3MAdd +15.7%
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal 10,000,000$9.3MNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 5,000,000$4.9MNew

Total filed on the 13F, all lines: $4.0B.

Portfolio Sells Q4 2024 → Q1 2025
IVV iShares Core S&P 500 ETF Reduce -16.0% 22.87% −4.05
VYM Vanguard High DVD Yield ETF Sold out 0.00% −1.73
MOAT Vaneck Morningstar Wide Moat Reduce -79.4% 0.12% −0.46
CRH CRH PLC Reduce -32.7% 0.73% −0.34
EDU New Oriental Educatio-SP ADR Reduce -68.7% 0.09% −0.27
ZTO Zto Express Cayman Inc.-ADR Sold out 0.00% −0.21
PDD PDD Holdings Inc. Reduce -30.7% 1.54% −0.18
EOSE Eos Energy Enterprises Inc. Reduce -50.1% 0.12% −0.17
VOO Vanguard S&P 500 ETF Reduce -24.4% 0.52% −0.16
VWO Vanguard Ftse Emerging Marke Reduce -76.8% 0.05% −0.14
SUSC iShares ESG Aware Usd Corpor Reduce -23.5% 0.59% −0.13
XOM Exxon Mobil Corp. Reduce -31.9% 0.38% −0.10
CVX Chevron Corp. Reduce -43.8% 0.19% −0.09
SPHD Invesco S&P 500 High Dividen Reduce -23.0% 0.48% −0.09
SU Suncor Energy Inc. Reduce -27.0% 0.40% −0.08
CF CF Industries Holdings Inc. Reduce -71.9% 0.03% −0.08
EWH iShares MSCI Hong Kong ETF Reduce -46.9% 0.10% −0.07
VCLT Vanguard Long-Term Corp. Bond Reduce -50.6% 0.07% −0.06
BBD Banco Bradesco-ADR Sold out 0.00% −0.06
LW Lamb Weston Holdings Inc. Sold out 0.00% −0.05
FLOT iShares Floating Rate Bond E Reduce -10.3% 1.01% −0.05
IVW iShares S&P 500 Growth ETF Reduce -36.0% 0.08% −0.05
TECK Teck Resources Ltd.-CLS B Reduce -28.8% 0.10% −0.05
GOOGL Alphabet Inc. Class A Reduce -29.0% 0.07% −0.04
CEMB iShares JP Morgan Em Corpora Reduce -17.9% 0.31% −0.04
EOG EOG Resources Inc. Reduce -24.6% 0.20% −0.04
VLO Valero Energy Corp. Reduce -30.1% 0.13% −0.03
NVDA Nvidia Corp. Reduce -14.8% 0.08% −0.03
CRM Salesforce Inc. Reduce -45.0% 0.03% −0.03
QQQM Invesco Nasdaq 100 ETF Reduce -5.3% 0.34% −0.03
FMX Fomento Economico Mex-SP ADR Reduce -31.2% 0.14% −0.03
YUMC Yum China Holdings Inc. Reduce -16.6% 0.59% −0.03
HDB HDFC Bank Ltd.-ADR Reduce -12.6% 0.54% −0.02
PCTY Paylocity Holding Corp. Sold out 0.00% −0.02
SCCO Southern Copper Corp. Reduce -42.8% 0.03% −0.02
NUE Nucor Corp. Reduce -19.2% 0.14% −0.02
BG Bunge Global SA Reduce -20.3% 0.09% −0.02
SHW The Sherwin-Williams Co. Reduce -17.3% 0.14% −0.02
SQM Quimica Y Minera Chil-SP ADR Reduce -40.9% 0.03% −0.02
AMZN Amazon.com Inc. Reduce -3.1% 0.12% −0.02
TBBB BBB Foods Inc. Class A Reduce -56.6% 0.01% −0.01
ECL Ecolab Inc. Reduce -21.5% 0.13% −0.01
LIN Linde PLC Reduce -17.8% 0.44% −0.01
XYZ Block Inc. Reduce -16.8% 0.02% −0.01
ADM Archer-Daniels-Midland Co. Reduce -28.4% 0.03% −0.01
UNH Unitedhealth Group Inc. Reduce -22.8% 0.07% −0.01
SOXX iShares Semiconductor ETF Reduce -24.4% 0.03% −0.01
META Meta Platforms Inc. Class A Reduce -40.7% 0.02% −0.01
GOOG Alphabet Inc. Class C Reduce -39.0% 0.01% −0.01
CPNG Coupang Inc. Reduce -36.1% 0.02% −0.01

Portfolio Buys Q4 2024 → Q1 2025
IEV iShares Europe ETF Add +3871.3% 1.01% +0.99
SHV iShares 0-1 Year Treasury Bo New 0.85% +0.85
SPY SS SPDR S&P 500 ETF Trust-US Add +89.5% 1.59% +0.76
EEM iShares MSCI Emerging Market New 0.63% +0.63
VFH Vanguard Financials ETF New 0.54% +0.54
VT Vanguard Tot World STK ETF Add +756.8% 0.60% +0.54
URTH iShares MSCI World ETF Add +26.2% 1.23% +0.29
QUAL iShares MSCI USA Quality Fac Add +24.4% 1.25% +0.26
IGV iShares Expanded Tech-Softwa Add +83.4% 0.61% +0.26
NBR Nabors Industries Ltd. New 0.23% +0.23
IEF iShares 7-10 Year Treasury B Add +5.6% 1.53% +0.20
VNET Vnet Group Inc.-ADR New 0.17% +0.17
MOS The Mosaic Co. Add +166.1% 0.22% +0.15
EZU iShares MSCI Eurozone ETF Add +63.9% 0.26% +0.13
HES Hess Corp. New 0.13% +0.13
EMBD Global X Emerging Markets BD Add +35.3% 0.38% +0.12
CWB SS SPDR BB Conv Sec ETF New 0.09% +0.09
PCH Potlatchdeltic Corp. Add +317.6% 0.11% +0.09
CTVA Corteva Inc. Add +37.0% 0.24% +0.09
SLB SLB Ltd. Add +102.3% 0.14% +0.08
PAAS Pan American Silver Corp. Add +25.1% 0.17% +0.07
AGG iShares Core U.S. Aggregate Add +11.8% 0.36% +0.06
IEUR iShares Core MSCI Europe ETF Add +64.3% 0.11% +0.05
ITUB Itau Unibanco H-Spon PRF ADR Add +10.0% 0.21% +0.05
VALE Vale SA-SP ADR Add +5.6% 0.21% +0.04
XLF SS Financial Select Sector New 0.04% +0.04
MCHI iShares MSCI China ETF Add +153.9% 0.06% +0.04
DAR Darling Ingredients Inc. Add +21.5% 0.14% +0.02
WY Weyerhaeuser Co. Add +14.5% 0.11% +0.02
BANCOLOMBIA S.A.-SPONS ADR New 0.02% +0.02
FIS Fidelity National Info Serv Add +52.2% 0.05% +0.02
TKO Tko Group Holdings Inc. Add +30.0% 0.05% +0.02
MPV Barings Participation Invest Add +1.4% 0.12% +0.01
ABT Abbott Laboratories New 0.01% +0.01
KORE Kore Group Holdings Inc. New 0.00% +0.00
IBN Icici Bank Ltd.-Spon ADR Add +17.9% 0.01% +0.00
TJX TJX Companies Inc. Add +3.8% 0.02% +0.00
AXON Axon Enterprise Inc. Add +9.7% 0.04% +0.00
TCPC BlackRock TCP Capital Corp. Add +3.6% 0.10% +0.00
BGH Barings GLBL SHRT Dur Hi YLD Add +2.3% 0.01% +0.00
AAPL Apple Inc. Add +5.7% 0.10% −0.00
MSFT Microsoft Corp. Add +5.4% 0.13% −0.00
URI United Rentals Inc. Add +3.7% 0.03% −0.00
TSLA Tesla Inc. Add +32.7% 0.01% −0.00
IWO iShares Russell 2000 Growth Add +5.2% 10.65% −0.03
QGEN Qiagen N.V. Add +1.1% 0.41% −0.03
QQQ Invesco QQQ Trust Series 1 Add +2.1% 10.88% −0.09

Notes & Other Activity Q4 2024 → Q1 2025
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal Add +36.1% 22,704,000 $24.1M
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal New 20,000,000 $19.9M
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal Add +15.7% 22,497,000 $19.3M
ITRON INC (ITRI 0 03/15/26) NOTE 3/1 · principal Sold out 5,000,000 $5.2Mbefore exit
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal New 5,000,000 $4.9M

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