Barings BDCBBDC
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 218 institutions reported holding Barings BDC Inc. (BBDC) in their 13F filings, up 8 from Q3 2025. 37 opened new positions and 32 sold out. The largest holders were Barings LLC ($125.2M), Private Management Group Inc. ($34.6M) and Ares Management LLC ($33.0M). 3 famous investors held it, including Joel Greenblatt (0.0% of Gotham Asset Management's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- Barings BDC Inc.
- CUSIP
- 06759L103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 37 | $33.1M |
| Exits | 32 | $16.4M |
All 13F filers, Q3 2025 → Q4 2025: 6,656,753 shares bought and 5,123,027 shares sold, net +1,533,726 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 218 holders
| Barings LLC | 2.39% | No change | 13,639,681 | $125.2M |
| Private Management Group Inc. | 1.01% | Add +14.7% | 3,765,629 | $34.6M |
| Ares Management LLC | 1.88% | Reduce -5.5% | 3,590,176 | $33.0M |
| Van Eck Associates Corp. | 0.02% | Reduce -7.5% | 2,294,207 | $21.1M |
| Cresset Asset Management, LLC | 0.08% | Reduce -7.6% | 1,954,688 | $17.9M |
| UBS Group AG | 0.00% | Add +23.6% | 1,493,751 | $13.7M |
| Focus Partners Wealth | 0.01% | New | 1,002,917 | $9.2M |
| Diameter Capital Partners LP | 0.99% | New | 966,370 | $8.9M |
| Morgan Stanley | 0.00% | Add +16.3% | 899,484 | $8.3M |
| Franklin Resources Inc. | 0.00% | Reduce -0.4% | 881,046 | $8.1M |
| Wells Fargo & Company | 0.00% | Reduce -0.0% | 879,779 | $8.1M |
| BlackRock, Inc. | 0.00% | Reduce -1.9% | 848,150 | $7.8M |
| Rivernorth Capital Management, LLC | 0.35% | Add +33.8% | 806,071 | $7.4M |
| Dimension Capital Management LLC | 0.98% | Add +18.3% | 758,943 | $7.0M |
| Legal & General Group Plc | 0.00% | Add +18.6% | 750,732 | $6.9M |
| Two Sigma Investments, LP | 0.01% | Add +18.0% | 733,122 | $6.7M |
| Muzinich & Co., Inc. | 2.02% | Add +43.8% | 698,945 | $6.4M |
| Raymond James Financial Inc. | 0.00% | Add +321.4% | 651,222 | $6.0M |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | Add +18.8% | 577,412 | $5.3M |
| Bank of America Corp. | 0.00% | Reduce -14.1% | 526,915 | $4.8M |
| Two Sigma Advisers, LP | 0.01% | Reduce -53.7% | 401,500 | $3.7M |
| Advisors Asset Management, Inc. | 0.06% | Reduce -10.8% | 391,692 | $3.6M |
| Jane Street Group, LLC | 0.00% | Add +566.6% | 384,158 | $3.5M |
| Callodine Capital Management, LP | 0.26% | Add +17.3% | 356,544 | $3.3M |
| Confluence Investment Management LLC | 0.05% | Reduce -5.9% | 343,248 | $3.2M |
| Bulldog Investors, LLP | 0.65% | Add +370.6% | 317,307 | $2.9M |
| Russell Investments Group, Ltd. | 0.00% | New | 301,451 | $2.8M |
| Osaic Holdings, Inc. | 0.00% | Reduce -8.8% | 300,784 | $2.8M |
| GraniteShares Advisors LLC | 1.67% | New | 298,668 | $2.7M |
| LPL Financial LLC | 0.00% | Reduce -8.3% | 279,326 | $2.6M |
| Skandinaviska Enskilda Banken AB (publ) | 0.01% | No change | 239,440 | $2.2M |
| Neuberger Berman Group LLC | 0.00% | Reduce -10.3% | 232,642 | $2.1M |
| BI Asset Management Fondsmaeglerselskab A/S | 0.02% | Reduce -52.6% | 221,630 | $2.0M |
| Cambridge Investment Research Advisors, Inc. | 0.01% | Reduce -11.8% | 205,362 | $1.9M |
| Closed-End Fund Advisors, Inc. | 1.05% | — | 193,447 | $1.8M |
| Sbe LLC Dba Cedar Cove Wealth Partners | 0.93% | — | 193,412 | $1.8M |
| Lansforsakringar Fondforvaltning AB (publ) | 0.01% | New | 167,111 | $1.5M |
| Hennion & Walsh Asset Management, Inc. | 0.05% | Reduce -14.9% | 159,473 | $1.5M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +0.8% | 149,937 | $1.4M |
| HighTower Advisors, LLC | 0.00% | Reduce -0.1% | 140,655 | $1.3M |
| CANADA LIFE ASSURANCE Co | 0.00% | Add +6.0% | 139,327 | $1.3M |
| JPMorgan Chase & Co. | 0.00% | Add +0.7% | 138,234 | $1.3M |
| Cliffwater LLC | 0.24% | No change | 126,753 | $1.2M |
| Steel Grove Capital Advisors, LLC | 0.12% | Reduce -65.8% | 122,863 | $1.1M |
| Caliber Wealth Management, LLC / KS | 0.12% | Reduce -20.8% | 121,753 | $1.1M |
| Thrivent Financial for Lutherans | 0.00% | New | 114,041 | $1.0M |
| SageGuard Financial Group, LLC | 0.16% | — | 107,212 | $984K |
| Citadel Advisors | 0.00% | New | 104,651 | $961K |
| &partners | 0.00% | No change | 97,910 | $899K |
| Invesco Ltd. | 0.00% | Reduce -91.7% | 96,903 | $890K |
| Denali Advisors LLC | 0.10% | Reduce -17.1% | 94,100 | $864K |
| Nilsine Partners, LLC | 0.07% | Add +2.9% | 89,451 | $821K |
| Saxon Interests, Inc. | 0.29% | New | 88,382 | $811K |
| Ethos Financial Group, LLC | 0.06% | Reduce -3.0% | 84,035 | $771K |
| Cetera Investment Advisers | 0.00% | Reduce -8.3% | 80,631 | $740K |
| Prime Capital Investment Advisors, LLC | 0.01% | Reduce -11.0% | 75,379 | $692K |
| Millennium Management | 0.00% | Add +211.4% | 72,849 | $669K |
| Apollon Wealth Management, LLC | 0.01% | Add +10.6% | 71,646 | $658K |
| Virtus Investment Advisers, LLC | 0.18% | Reduce -16.8% | 71,617 | $657K |
| Marshall Wace, LLP | 0.00% | Reduce -47.2% | 70,081 | $643K |
| Northern Trust Corp. | 0.00% | Reduce -8.4% | 65,934 | $605K |
| Schonfeld Strategic Advisors LLC | 0.00% | New | 57,012 | $523K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -4.1% | 54,691 | $502K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -16.5% | 52,056 | $478K |
| Lido Advisors, LLC | 0.00% | Reduce -3.9% | 53,353 | $467K |
| HighPoint Advisor Group LLC | 0.01% | Reduce -15.1% | 49,017 | $450K |
| Prosperity Consulting Group, LLC | 0.02% | Reduce -29.5% | 47,935 | $440K |
| MML Investors Services, LLC | 0.00% | Reduce -43.7% | 47,656 | $437K |
| Arax Advisory Partners | 0.01% | New | 47,644 | $437K |
| LSV Asset Management | 0.00% | No change | 46,700 | $429K |
| Jump Financial, LLC | 0.01% | New | 46,474 | $427K |
| PFG Investments, LLC | 0.02% | Add +164.4% | 45,629 | $419K |
| Y-Intercept (Hong Kong) Ltd | 0.01% | New | 44,812 | $411K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -5.8% | 43,270 | $397K |
| Bison Wealth, LLC | 0.04% | Add +34.1% | 46,939 | $382K |
| Arete Wealth Advisors, LLC | 0.03% | No change | 40,921 | $376K |
| Quantbot Technologies LP | 0.01% | New | 40,836 | $375K |
| Verition Fund Management LLC | 0.00% | Reduce -25.8% | 38,600 | $354K |
| Sunbelt Securities, Inc. | 0.02% | Add +0.1% | 37,797 | $347K |
| Tidal Investments LLC | 0.00% | New | 36,720 | $337K |
| T. Rowe Price Associates Inc. | 0.00% | Add +0.1% | 36,293 | $334K |
| Campbell & CO Investment Adviser LLC | 0.02% | Reduce -34.5% | 36,359 | $334K |
| Caxton Associates LLP | 0.01% | No change | 35,959 | $330K |
| OneDigital Investment Advisors LLC | 0.00% | Reduce -0.2% | 35,712 | $328K |
| Massar Capital Management, LP | 0.06% | New | 35,638 | $327K |
| VARCOV Co. | 0.13% | — | 34,558 | $317K |
| World Investment Advisors | 0.01% | New | 34,528 | $317K |
| XTX Topco Ltd | 0.01% | New | 33,079 | $304K |
| Stifel Financial Corp. | 0.00% | Reduce -22.6% | 32,488 | $298K |
| Western Wealth Management, LLC | 0.01% | Reduce -0.1% | 32,251 | $296K |
| Waverly Advisors, LLC | 0.00% | Reduce -23.8% | 32,107 | $295K |
| Curi Capital, LLC | 0.01% | Add +0.1% | 31,793 | $292K |
| Ausdal Financial Partners, Inc. | 0.01% | Add +1.9% | 30,580 | $281K |
| Sigma Planning Corp | 0.01% | Add +6.2% | 30,301 | $278K |
| Royal Bank of Canada | 0.00% | Add +21.6% | 30,318 | $278K |
| Arkadios Wealth Advisors | 0.01% | Add +10.7% | 30,024 | $276K |
| Eagle Global Advisors LLC | 0.01% | Reduce -13.3% | 29,745 | $273K |
| Koshinski Asset Management, Inc. | 0.02% | Reduce -28.9% | 29,434 | $270K |
| Essex Financial Services, Inc. | 0.01% | Add +8.8% | 28,671 | $263K |
| Sunbeam Capital Management, LLC | 0.15% | Add +41.3% | 28,257 | $259K |
"% of holder's portfolio" is BBDC's weight in each manager's 13F, not the share of Barings BDC Inc. the manager owns.