BARINGS LLC

CIK

9015

Location

CHARLOTTE, NC

Portfolio Value

Mid $1,504,518,713

Diversification

Diversified

Filing Date

Global Rank

#1,393 / 8,605 ▲ 28 · as of Mar 2026

Top Industry

Asset Management 13.2%

3Y Alpha vs SPY

-0.6%

Period ended 3 months ago

Filed May 6, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+74.6%

SPY

+76.5%

Annualised alpha

-0.5%

Max drawdown

−19.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

124 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

34.5%

−2.3 pts

Top 5

53.4%

−4.4 pts

Top 10

64.6%

−4.9 pts

HHI

1,342

Diversified−189

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	38.1%	$572,580,163	3
Financial Services	16.8%	$252,064,127	22
Basic Materials	14.2%	$214,026,901	18
Energy	11.3%	$169,268,149	12
Consumer Cyclical	7.3%	$110,580,867	9
Healthcare	3.8%	$57,195,698	6
Consumer Defensive	2.7%	$41,057,106	14
Technology	2.5%	$37,430,200	15
Industrials	1.2%	$17,385,610	9
Real Estate	1.1%	$16,074,630	7
Utilities	0.6%	$9,291,696	2
Communication Services	0.5%	$7,563,566	7

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SU	Suncor Energy Inc	+201,608	288,783	$19,091,443
TTE	TotalEnergies SE	+198,663	605,230	$55,063,824
CTRA	Coterra Energy Inc.	+137,063	304,689	$10,706,771
NTR	Nutrien Ltd.	+89,517	216,325	$16,323,884
FUTU	Futu Holdings Ltd	+56,475	58,054	$7,939,465
WY	Weyerhaeuser Co	+50,494	154,951	$3,785,452
CIB	Grupo Cibest S.A.	+27,227	81,500	$5,934,015
TCPC	BlackRock TCP Capital Corp.	+24,376	564,991	$2,039,617
SE	Sea Ltd	+21,375	245,298	$20,313,127
RACE	Ferrari N.V.	+19,616	21,998	$7,445,221
CNH	CNH Industrial N.V.	+17,357	152,957	$1,682,527
CF	CF Industries Holdings, Inc.	+16,886	62,560	$8,122,790
FMX	Mexican Economic Development Inc	+11,397	90,614	$10,063,590
SQM	Chemical & Mining Co Of Chile Inc	+9,874	87,186	$7,056,834
CVX	Chevron Corp	+8,048	100,446	$20,782,277
VLO	Valero Energy Corp/Tx	+7,296	27,199	$6,720,328
AGCO	Agco Corp /De	+6,925	24,662	$2,857,585
WIT	Wipro Ltd	+6,274	40,639	$86,154
NVDA	Nvidia Corp	+3,564	34,314	$5,984,361
PLTR	Palantir Technologies Inc.	+3,213	4,694	$686,638
KR	Kroger Co	+3,196	24,599	$1,779,983
MPV	Barings Participation Investors	+2,861	285,875	$4,899,897
GE	General Electric Co	+1,958	2,641	$749,436
TSN	Tyson Foods, Inc.	+1,082	23,028	$1,475,403
COP	Conocophillips	+638	115,421	$15,235,572
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	−527,648	1,056,857	$15,187,035
VALE	Vale S.A.	−283,186	595,179	$9,469,297
AU	AngloGold Ashanti PLC	−110,759	428,469	$41,715,741
WPM	Wheaton Precious Metals Corp.	−107,937	270,943	$35,496,241
FCX	Freeport-Mcmoran Inc	−91,943	143,096	$8,411,182
EQT	EQT Corp	−68,269	58,517	$3,724,021
HDB	Hdfc Bank Ltd	−66,777	616,036	$15,326,975
ENB	Enbridge Inc	−56,054	129,888	$7,032,136
CRH	Crh Public Ltd Co	−55,692	203,034	$21,342,933
NEM	NEWMONT Corp /DE/	−39,691	101,437	$10,980,555
TECK	Teck Resources Ltd	−27,584	102,025	$5,279,793
SCCO	Southern Copper Corp/	−26,441	35,037	$5,968,777
AON	Aon plc	−24,829	46,248	$14,927,928
SPY	Spdr S&P 500 ETF Trust	−19,325	78,005	$50,729,770
CTVA	Corteva, Inc.	−9,446	65,361	$5,471,369
QQQ	Invesco Qqq Trust, Series 1	−6,100	900,207	$519,581,475
PDD	PDD Holdings Inc.	−5,338	649,229	$66,338,218
FIS	Fidelity National Information Services, Inc.	−5,031	18,671	$875,856
GLD	Spdr Gold Trust	−4,555	5,273	$2,268,918
JPM	Jpmorgan Chase & Co	−3,736	4,891	$1,438,736
ADM	Archer-Daniels-Midland Co	−3,408	54,713	$3,977,087
BG	Bunge Global SA	−2,881	41,774	$5,313,652
INGR	Ingredion Inc	−2,636	10,597	$1,193,858
AMZN	Amazon Com Inc	−2,464	17,335	$3,610,360
V	Visa Inc.	−2,307	6,915	$2,089,989
No positions match the current search.

New Positions

Positions the filer opened this quarter

23 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	143,032	$28,208,770
QGEN	Qiagen N.V.	329,512	$13,193,660
HTHT	H World Group Ltd	166,166	$8,356,487
WMB	Williams Companies, Inc.	103,911	$7,562,642
FANG	Diamondback Energy, Inc.	38,099	$7,535,601
DOW	Dow Inc.	169,361	$7,053,885
KSPI	Joint Stock Co Kaspi.kz	88,751	$6,573,786
B	Barrick Mining Corp	153,789	$6,273,053
XP	XP Inc.	200,683	$3,821,004
ANDE	Andersons, Inc.	26,095	$1,873,099
IFS	Intercorp Financial Services Inc.	26,880	$1,349,376
MU	Micron Technology Inc	3,018	$1,019,601
BBD	Bank Bradesco	226,608	$827,119
WMT	Walmart Inc.	2,614	$324,867
COST	Costco Wholesale Corp /New	298	$296,936
PG	PROCTER & GAMBLE Co	1,780	$257,103
RTX	RTX Corp	1,300	$250,770
AMAT	Applied Materials Inc /De	688	$235,151
CAT	Caterpillar Inc	325	$230,249
LRCX	Lam Research Corp	1,046	$223,488
PM	Philip Morris International Inc.	1,322	$218,579
AMD	Advanced Micro Devices Inc	1,019	$207,295
VZ	Verizon Communications Inc	3,989	$200,247
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
NBR	Nabors Industries Ltd	179,841	$9,765,366
NBIS	Nebius Group N.V.	90,661	$7,588,779
PAAS	Pan American Silver Corp	138,681	$7,185,062
SHW	Sherwin Williams Co	7,091	$2,297,696
PBR	Petrobras - Petroleo Brasileiro SA	73,545	$871,508
MCD	Mcdonalds Corp	2,045	$625,013
MICC	Magnum Ice Cream Co N.V.	33,796	$535,666
TJX	Tjx Companies Inc /De/	2,897	$445,008
IBN	Icici Bank Ltd	10,724	$319,575
ABBV	AbbVie Inc.	1,298	$296,580
TMO	Thermo Fisher Scientific Inc.	392	$227,144
MRK	Merck & Co., Inc.	2,011	$211,677
ORCL	Oracle Corp	1,085	$211,477
ABT	Abbott Laboratories	1,644	$205,976
GS	Goldman Sachs Group Inc	234	$205,686
IBM	International Business Machines Corp	686	$203,200
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

124 positions · $1,504,518,713 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 124 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Reduced	900,207	-6,100	$519,581,475	−6.7%	34.53%
BBDC	Barings BDC, Inc. Financial Services	Held	13,639,681	0	$112,254,574	−10.3%	7.46%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	649,229	-5,338	$66,338,218	−10.6%	4.41%
TTE	TotalEnergies SE Energy	Added	605,230	+198,663	$55,063,824	+107.0%	3.66%
SPY	Spdr S&P 500 ETF Trust	Reduced	78,005	-19,325	$50,729,770	−23.6%	3.37%
ARX	Accelerant Holdings Financial Services	Held	3,128,867	0	$41,801,663	−18.3%	2.78%
AU	AngloGold Ashanti PLC Basic Materials	Reduced	428,469	-110,759	$41,715,741	−9.3%	2.77%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	270,943	-107,937	$35,496,241	−20.3%	2.36%
AZN	Astrazeneca PLC Healthcare	NEW	143,032	NEW	$28,208,770	NEW	1.87%
CRH	Crh Public Ltd Co Basic Materials	Reduced	203,034	-55,692	$21,342,933	−33.9%	1.42%
CVX	Chevron Corp Energy	Added	100,446	+8,048	$20,782,277	+47.6%	1.38%
SE	Sea Ltd Consumer Cyclical	Added	245,298	+21,375	$20,313,127	−28.9%	1.35%
SU	Suncor Energy Inc Energy	Added	288,783	+201,608	$19,091,443	+393.7%	1.27%
NTR	Nutrien Ltd. Basic Materials	Added	216,325	+89,517	$16,323,884	+108.6%	1.08%
HDB	Hdfc Bank Ltd Financial Services	Reduced	616,036	-66,777	$15,326,975	−38.6%	1.02%
COP	Conocophillips Energy	Added	115,421	+638	$15,235,572	+41.8%	1.01%
NU	Nu Holdings Ltd. Financial Services	Reduced	1,056,857	-527,648	$15,187,035	−42.7%	1.01%
AON	Aon plc Financial Services	Reduced	46,248	-24,829	$14,927,928	−40.5%	0.99%
QGEN	Qiagen N.V. Healthcare	NEW	329,512	NEW	$13,193,660	NEW	0.88%
ONC	BeOne Medicines Ltd. Healthcare	Held	42,815	0	$12,714,770	−2.3%	0.85%
DAR	Darling Ingredients Inc. Consumer Defensive	Held	189,772	0	$11,737,398	+71.8%	0.78%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	101,437	-39,691	$10,980,555	−22.1%	0.73%
EOG	Eog Resources Inc Energy	Held	75,916	0	$10,975,176	+37.7%	0.73%
CTRA	Coterra Energy Inc. Energy	Added	304,689	+137,063	$10,706,771	+142.7%	0.71%
FMX	Mexican Economic Development Inc Consumer Defensive	Added	90,614	+11,397	$10,063,590	+25.7%	0.67%
BAP	Credicorp Ltd Financial Services	Held	28,289	0	$9,595,063	+18.2%	0.64%
VALE	Vale S.A. Basic Materials	Reduced	595,179	-283,186	$9,469,297	−17.3%	0.63%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	45,303	+274	$9,195,602	+20.5%	0.61%
CTGO	Contango Silver & Gold Inc. Basic Materials	Held	476,190	0	$8,928,562	−29.0%	0.59%
FN	Fabrinet Technology	Held	17,033	0	$8,883,050	+14.5%	0.59%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	143,096	-91,943	$8,411,182	−29.5%	0.56%
HTHT	H World Group Ltd Consumer Cyclical	NEW	166,166	NEW	$8,356,487	NEW	0.56%
AXIA	AXIA Energia S.A. Utilities	Held	723,802	0	$8,164,486	+23.1%	0.54%
CF	CF Industries Holdings, Inc. Basic Materials	Added	62,560	+16,886	$8,122,790	+129.9%	0.54%
FUTU	Futu Holdings Ltd Financial Services	Added	58,054	+56,475	$7,939,465	+2962.0%	0.53%
WMB	Williams Companies, Inc. Energy	NEW	103,911	NEW	$7,562,642	NEW	0.50%
FANG	Diamondback Energy, Inc. Energy	NEW	38,099	NEW	$7,535,601	NEW	0.50%
ITUB	Itau Unibanco Holding S.A. Financial Services	Held	891,821	0	$7,473,459	+17.0%	0.50%
RACE	Ferrari N.V. Consumer Cyclical	Added	21,998	+19,616	$7,445,221	+745.8%	0.49%
SQM	Chemical & Mining Co Of Chile Inc Basic Materials	Added	87,186	+9,874	$7,056,834	+32.7%	0.47%
DOW	Dow Inc. Basic Materials	NEW	169,361	NEW	$7,053,885	NEW	0.47%
ENB	Enbridge Inc Energy	Reduced	129,888	-56,054	$7,032,136	−20.9%	0.47%
VLO	Valero Energy Corp/Tx Energy	Added	27,199	+7,296	$6,720,328	+107.4%	0.45%
KSPI	Joint Stock Co Kaspi.kz Technology	NEW	88,751	NEW	$6,573,786	NEW	0.44%
B	Barrick Mining Corp Basic Materials	NEW	153,789	NEW	$6,273,053	NEW	0.42%
NVDA	Nvidia Corp Technology	Added	34,314	+3,564	$5,984,361	+4.4%	0.40%
EOSE	Eos Energy Enterprises, Inc. Industrials	Held	1,204,430	0	$5,973,972	−56.7%	0.40%
SCCO	Southern Copper Corp/ Basic Materials	Reduced	35,037	-26,441	$5,968,777	−31.1%	0.40%
CIB	Grupo Cibest S.A. Financial Services	Added	81,500	+27,227	$5,934,015	+71.9%	0.39%
CPT	Camden Property Trust Real Estate	Held	57,104	0	$5,576,776	−11.3%	0.37%