# BARINGS LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 9015. Source: https://holderbook.com/funds/9015-barings-llc/

- Reported value: $5.6B
- Positions: 191
- Weight of the ten largest: 74.0%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.3B | 1,744,190 | 23.2% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $635.9M | 863,468 | 11.3% | 23 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $622.4M | 1,579,950 | 11.0% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $403.7M | 5,108,527 | 7.2% | 27 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $358.5M | 6,840,027 | 6.4% | 31 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $296.7M | 2,720,211 | 5.3% | 31 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $247.9M | 4,909,176 | 4.4% | 4 |
| BARINGS BDC INC | [BBDC](https://holderbook.com/stocks/BBDC/) | $116.2M | 13,639,681 | 2.1% | 29 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $115.0M | 732,779 | 2.0% | 18 |
| HERBALIFE LTD | - | $68.4M | 59,612,000 | 1.2% | 8 |
| NCL CORP LTD | - | $60.9M | 54,658,000 | 1.1% | 1 |
| PARSONS CORP DEL | - | $60.7M | 61,696,000 | 1.1% | 6 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $52.1M | 765,431 | 0.9% | 4 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $51.0M | 251,883 | 0.9% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $47.5M | 63,642 | 0.8% | 13 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $44.8M | 587,937 | 0.8% | 15 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $39.8M | 780,000 | 0.7% | 31 |
| ACCELERANT HOLDINGS | [ARX](https://holderbook.com/stocks/ARX/) | $37.6M | 3,128,867 | 0.7% | 4 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $36.9M | 456,162 | 0.7% | 12 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $34.0M | 284,064 | 0.6% | 14 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $32.8M | 886,891 | 0.6% | 5 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $32.5M | 418,276 | 0.6% | 3 |
| UNITI GROUP LLC | - | $28.2M | 23,333,000 | 0.5% | 4 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $28.0M | 248,925 | 0.5% | 9 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $26.7M | 281,884 | 0.5% | 31 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $26.2M | 281,415 | 0.5% | 10 |
|  | - | $25.2M | 1,000,000 | 0.4% | 1 |
|  | - | $25.1M | 1,000,000 | 0.4% | 1 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $24.9M | 364,200 | 0.4% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $24.2M | 35,299 | 0.4% | 8 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $23.6M | 126,110 | 0.4% | 2 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $23.4M | 244,505 | 0.4% | 31 |
| SABRE GLBL INC | - | $22.0M | 21,908,000 | 0.4% | 10 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $21.8M | 203,461 | 0.4% | 12 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $20.1M | 374,061 | 0.4% | 31 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $19.9M | 1,491,372 | 0.4% | 8 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $16.7M | 2,043,934 | 0.3% | 31 |
| OMNICELL COM | - | $16.6M | 15,735,000 | 0.3% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $16.3M | 98,129 | 0.3% | 31 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $15.7M | 607,057 | 0.3% | 31 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $15.3M | 46,248 | 0.3% | 24 |
| GLOBAL X FDS | [EMBD](https://holderbook.com/stocks/EMBD/) | $14.3M | 596,200 | 0.3% | 22 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $14.2M | 224,956 | 0.3% | 31 |
| QIAGEN NV | [QGEN](https://holderbook.com/stocks/QGEN/) | $13.8M | 356,002 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $13.8M | 100,721 | 0.2% | 31 |
| BEONE MEDICINES LTD | [ONC](https://holderbook.com/stocks/ONC/) | $12.2M | 42,815 | 0.2% | 11 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $11.9M | 39,184 | 0.2% | 8 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $11.8M | 113,783 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $10.3M | 34,127 | 0.2% | 2 |
| ZIFF DAVIS INC | - | $10.0M | 10,000,000 | 0.2% | 5 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $9.9M | 182,050 | 0.2% | 29 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $9.8M | 75,916 | 0.2% | 31 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $9.6M | 128,927 | 0.2% | 2 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $9.1M | 97,945 | 0.2% | 8 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $9.0M | 24,161 | 0.2% | 5 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $8.8M | 69,146 | 0.2% | 12 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $8.8M | 33,649 | 0.2% | 12 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $8.6M | 208,091 | 0.2% | 1 |
| AXIA ENERGIA SA | [AXIA](https://holderbook.com/stocks/AXIA/) | $8.3M | 782,040 | 0.1% | 11 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $7.7M | 88,751 | 0.1% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.7M | 38,262 | 0.1% | 31 |
| CONTANGO SILVER & GOLD INC | [CTGO](https://holderbook.com/stocks/CTGO/) | $7.5M | 476,190 | 0.1% | 9 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $7.5M | 118,626 | 0.1% | 4 |
| FABRINET | [FN](https://holderbook.com/stocks/FN/) | $7.4M | 13,199 | 0.1% | 13 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $7.2M | 477,943 | 0.1% | 24 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $7.1M | 41,977 | 0.1% | 1 |
| EOS ENERGY ENTERPRISES INC | [EOSE](https://holderbook.com/stocks/EOSE/) | $7.1M | 1,204,430 | 0.1% | 21 |
| PETROLEO BRASILEIRO S A | [PBRA](https://holderbook.com/stocks/PBRA/) | $7.0M | 478,910 | 0.1% | 31 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $6.9M | 165,532 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $6.9M | 31,595 | 0.1% | 2 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $6.9M | 17,585 | 0.1% | 26 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $6.5M | 57,104 | 0.1% | 5 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $6.4M | 10,068 | 0.1% | 31 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $6.4M | 36,210 | 0.1% | 2 |
| GRUPO CIBEST SA | [CIB](https://holderbook.com/stocks/CIB/) | $5.9M | 74,034 | 0.1% | 5 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $5.8M | 57,330 | 0.1% | 4 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $5.8M | 37,113 | 0.1% | 9 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $5.7M | 67,121 | 0.1% | 29 |
| SOCIEDAD QUIMICA Y MINERA DE | [SQM](https://holderbook.com/stocks/SQM/) | $5.6M | 75,177 | 0.1% | 3 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $5.5M | 92,626 | 0.1% | 8 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $5.4M | 147,091 | 0.1% | 2 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $5.4M | 71,078 | 0.1% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.1M | 17,793 | 0.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.1M | 21,520 | 0.1% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $5.0M | 9,684 | 0.1% | 14 |
| BARINGS PARTN INVS | [MPV](https://holderbook.com/stocks/MPV/) | $4.9M | 289,151 | 0.1% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.5M | 12,119 | 0.1% | 31 |
| BUNGE GLOBAL SA | [BG](https://holderbook.com/stocks/BG/) | $4.5M | 42,250 | 0.1% | 11 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $4.3M | 56,175 | 0.1% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.2M | 11,885 | 0.1% | 31 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $4.2M | 62,966 | 0.1% | 5 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $4.0M | 78,600 | 0.1% | 3 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $4.0M | 36,537 | 0.1% | 31 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $3.9M | 83,065 | 0.1% | 1 |
| BARINGS CORPORATE INVS | [MCI](https://holderbook.com/stocks/MCI/) | $3.9M | 219,664 | 0.1% | 9 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $3.8M | 24,240 | 0.1% | 17 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $3.5M | 52,076 | 0.1% | 5 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $3.5M | 19,856 | 0.1% | 12 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $3.4M | 143,864 | 0.1% | 10 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $3.3M | 121,612 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.3% | +14.8% | -7.5% | 98% |
| Q1 2026 | -2.4% | -4.6% | +2.3% | 96% |
| Q4 2025 | +1.2% | +2.4% | -1.2% | 97% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 98% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 98% |
| Q1 2025 | -1.6% | -4.6% | +2.9% | 99% |
| Q4 2024 | -1.3% | +2.1% | -3.4% | 99% |
| Q3 2024 | +4.9% | +5.4% | -0.5% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $5.6B | 191 |
| Q1 2026 | $6.2B | 179 |
| Q4 2025 | $5.4B | 168 |
| Q3 2025 | $5.3B | 170 |
| Q2 2025 | $4.3B | 170 |
| Q1 2025 | $4.0B | 162 |
| Q4 2024 | $4.2B | 162 |
| Q3 2024 | $4.3B | 159 |
| Q2 2024 | $4.1B | 153 |
| Q1 2024 | $4.0B | 158 |
| Q4 2023 | $3.1B | 144 |
| Q3 2023 | $2.9B | 149 |