BARINGS LLC

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CIK 9015

13F portfolio (2026-Q1)

$6.0B

Positions

173

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

173

Top 5

60.6%

Top 10

78.4%

Effective N

11.0

HHI

0.091

This quarter

30 new · 0 exit →

By sector

Unclassified86.3%

Materials3.6%

Energy2.8%

Financials2.2%

Industrials1.8%

Health Care0.9%

Consumer Staples0.7%

Information Technology0.6%

Other1.1%

By market cap

Unknown94.4%

Large ($10–200B)3.1%

Mega (>$200B)1.5%

Mid ($2–10B)0.6%

Small ($300M–2B)0.3%

Micro (<$300M)0.0%

By region

Other86.5%

North America9.3%

Asia-Pacific1.7%

Europe1.5%

Africa0.7%

Latin America0.3%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	86.44%	59
Oil, Gas & Consumable Fuels	2.75%	10
Metals & Mining	2.35%	10
Commercial Services & Supplies	1.64%	8
Insurance	1.02%	2
Banks	0.94%	9
Pharmaceuticals & Biotechnology	0.92%	5
Chemicals	0.64%	6
Construction Materials	0.56%	3
Food Products	0.41%	6
Equity Real Estate Investment Trusts (REITs)	0.29%	7
Utilities	0.28%	3
Beverages	0.20%	2
Capital Markets	0.20%	2
Software & IT Services	0.18%	5
Machinery	0.16%	6
Technology Hardware & Equipment	0.15%	2
Communications Equipment	0.15%	1
Hotels, Restaurants & Leisure	0.14%	1
Semiconductors & Semiconductor Equipment	0.14%	5
Specialty Retail	0.11%	5
Software	0.10%	3
Agricultural Products	0.09%	1
Distributors	0.03%	1
Food & Staples Retailing	0.03%	1
Health Care Equipment & Supplies	0.03%	1
Electrical Equipment & Components	0.01%	1
Diversified Telecommunication Services	0.01%	2
Automobiles & Components	0.01%	1
Entertainment	0.01%	1
Media & Entertainment	0.01%	2
Aerospace & Defense	0.00%	1
Tobacco	0.00%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	IVV	ISHARES TR	Unclassified	17.71%
2	LQD	ISHARES TR	Unclassified	15.64%
3	JAAA	JANUS DETROIT STR TR	Unclassified	10.84%
4	QQQ	INVESCO QQQ TR	Unclassified	8.38%
5	IWO	ISHARES TR	Unclassified	8.07%
6	VCSH	VANGUARD SCOTTSDALE FDS	Unclassified	6.75%
7	IGSB	ISHARES TR	Unclassified	5.99%
8	VT	VANGUARD INTL EQUITY INDEX F	Unclassified	2.00%
9	BBDC	Barings BDC, Inc.	Unclassified	1.87%
10	PDD	PDD Holdings Inc.	Industrials	1.11%

116/173 names classified · sector 13.7% of weight · industry 13.6% · mkt cap 5.6%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 52 quarters

IndustrialsBABA, PDD, SE, ZTO, GEO · other

Information TechnologyAAPL, MSFT, TSM, BILI, BIDU · other

Real EstatePLD, SPG, EQIX, WELL, DLR · other

FinancialsJPM, C, BAC, BRK.B, CORZ · other

Consumer DiscretionaryAMZN, TAL, JD, HTHT, LI · other

MaterialsNTR, PG, CRH, WPM, GPK · other

EnergyXOM, SU, CVX, SLB, TTE · other

Health CareJNJ, PFE, AMGN, GILD, MRK · other

Consumer StaplesPEP, CTVA, DAR, MO, SJM · other

Communication ServicesMETA, VZ, GOOGL, GOOG, IQ · other

UtilitiesEPD, ET, OKE, TRP, WES · other

UnclassifiedIVV, IWO, QQQ, LQD, JAAA · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 13.7% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 5% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (77 classified)BARINGS LLC centroid (Mid Core)

EnergyMaterialsConsumer StaplesInformation TechnologyFinancialsReal EstateHealth CareIndustrialsConsumer DiscretionaryUtilitiesCommunication Services

Style box summary for BARINGS LLC: centroid Mid Core. Heaviest cells: Large Value 1.1%, Large Growth 1.0%, Mid Value 0.9%.

Classified: 5.0% of book weight (77/173 names) · unclassified 95.0%: IVV, LQD, JAAA, QQQ, IWO, VCSH, IGSB, VT, BBDC, PDD +86 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 173 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	IVVISHARES TR	1,673,647	$1.1B	17.7%	TRIM −3%
2	LQDISHARES TR	8,612,363	$939M	15.6%	ADD 211%
3	JAAAJANUS DETROIT STR TR	12,909,176	$650M	10.8%	ADD 115%
4	QQQINVESCO QQQ TR	900,207	$503M	8.4%	HOLD
5	IWOISHARES TR	1,608,750	$484M	8.1%	TRIM −3%
6	VCSHVANGUARD SCOTTSDALE FDS	5,108,527	$405M	6.7%	HOLD
7	IGSBISHARES TR	6,840,027	$360M	6.0%	HOLD
8	VTVANGUARD INTL EQUITY INDEX F	866,336	$120M	2.0%	TRIM −2%
9	BBDCBarings BDC, Inc.	13,639,681	$112M	1.9%	HOLD
10	PDDPDD HOLDINGS INC	649,229	$66M	1.1%	HOLD
11	TTETotalEnergies SE	605,230	$57M	0.9%	ADD 49%
12	SPYSTATE STR SPDR S&P 500 ETF T	78,005	$51M	0.8%	TRIM −20%
13	URTHISHARES INC	265,375	$48M	0.8%	TRIM −8%
14	ARXACCELERANT HOLDINGS	3,128,867	$46M	0.8%	HOLD
15	USHYISHARES TR	1,236,891	$46M	0.8%	ADD 4%
16	AUANGLOGOLD ASHANTI PLC	428,469	$42M	0.7%	TRIM −21%
17	FLOTISHARES TR	780,000	$40M	0.7%	HOLD
18	WPMWHEATON PRECIOUS METALS CORP	270,943	$36M	0.6%	TRIM −28%
19	EEMISHARES TR	603,890	$34M	0.6%	ADD 205%
20	IEVISHARES TR	469,187	$32M	0.5%	HOLD
21	EWJISHARES INC	335,770	$28M	0.5%	ADD 90%
22	DYNFBLACKROCK ETF TRUST	482,660	$28M	0.5%	ADD 4%
23	AZNASTRAZENECA PLC	143,032	$28M	0.5%	NEW
24	IEFISHARES TR	288,213	$28M	0.5%	TRIM −56%
25	CRHCRH PLC	203,034	$21M	0.4%	TRIM −22%
26	VOOVANGUARD INDEX FDS	35,299	$21M	0.4%	HOLD
27	VGTVANGUARD WORLD FD	29,983	$21M	0.3%	TRIM −22%
28	CVXCHEVRON CORP NEW	100,446	$21M	0.3%	ADD 9%
29	SESEA LTD	245,298	$20M	0.3%	ADD 10%
30	IGVISHARES TR	240,898	$19M	0.3%	ADD 122%
31	SUSUNCOR ENERGY INC NEW	288,783	$19M	0.3%	ADD 231%
32	VTVVANGUARD INDEX FDS	92,190	$18M	0.3%	NEW
33	XOMEXXON MOBIL CORP	102,460	$17M	0.3%	HOLD
34	NTRNUTRIEN LTD	216,325	$16M	0.3%	ADD 71%
35	HDBHDFC BANK LTD	616,036	$15M	0.3%	TRIM −10%
36	COPCONOCOPHILLIPS	115,421	$15M	0.3%	HOLD
37	NUNU HLDGS LTD	1,056,857	$15M	0.3%	TRIM −33%
38	AONAON PLC	46,248	$15M	0.2%	TRIM −35%
39	EMBDGLOBAL X FDS	607,700	$14M	0.2%	TRIM −7%
40	QGENQIAGEN NV	329,512	$13M	0.2%	NEW
41	ONCBEONE MEDICINES LTD	42,815	$13M	0.2%	HOLD
42	DARDARLING INGREDIENTS INC	189,772	$12M	0.2%	HOLD
43	NEMNEWMONT CORP	101,437	$11M	0.2%	TRIM −28%
44	EOGEOG RES INC	75,916	$11M	0.2%	HOLD
45	CTRACOTERRA ENERGY INC	304,689	$11M	0.2%	ADD 82%
46	FMXFOMENTO ECONOMICO MEXICANO S	90,614	$10M	0.2%	ADD 14%
47	BAPCREDICORP LTD	28,289	$10M	0.2%	HOLD
48	VALEVALE S A	595,179	$9M	0.2%	TRIM −32%
49	QQQMINVESCO EXCH TRADED FD TR II	39,184	$9M	0.2%	ADD 20%
50	AEMAGNICO EAGLE MINES LTD	45,303	$9M	0.2%	HOLD
51	CTGOCONTANGO ORE INC	476,190	$9M	0.1%	HOLD
52	FNFABRINET	17,033	$9M	0.1%	HOLD
53	JXIISHARES TR	102,707	$9M	0.1%	HOLD
54	IWMISHARES TR	34,127	$8M	0.1%	NEW
55	FCXFREEPORT MCMORAN INC	143,096	$8M	0.1%	TRIM −39%
56	HTHTH WORLD GROUP LTD	166,166	$8M	0.1%	NEW
57	AXIACENTRAIS ELET BRAS SA	723,802	$8M	0.1%	HOLD
58	CFCF INDS HLDGS INC	62,560	$8M	0.1%	ADD 37%
59	FUTUFUTU HLDGS LTD	58,054	$8M	0.1%	ADD 3577%
60	WMBWILLIAMS COS INC	103,911	$8M	0.1%	NEW
61	FANGDIAMONDBACK ENERGY INC	38,099	$8M	0.1%	NEW
62	ITUBITAU UNIBANCO HLDG S A	891,821	$7M	0.1%	HOLD
63	RACEFERRARI N V	21,998	$7M	0.1%	ADD 824%
64	SQMSOCIEDAD QUIMICA Y MINERA DE	87,186	$7M	0.1%	ADD 13%
65	DOWDOW HLDGS INC	169,361	$7M	0.1%	NEW
66	ENBENBRIDGE INC	129,888	$7M	0.1%	TRIM −30%
67	VCLTVANGUARD SCOTTSDALE FDS	93,545	$7M	0.1%	TRIM −51%
68	PBR.APETROLEO BRASILEIRO SA PETRO	368,794	$7M	0.1%	TRIM −14%
69	VLOVALERO ENERGY CORP	27,199	$7M	0.1%	ADD 37%
70	GDXVANECK ETF TRUST GOLD MINERS ETF	72,487	$7M	0.1%	ADD 7%
71	KSPIKASPI KZ JSC	88,751	$7M	0.1%	NEW
72	BBARRICK MNG CORP	153,789	$6M	0.1%	NEW
73	EZUISHARES INC MSCI EURZONE ETF	99,439	$6M	0.1%	HOLD
74	SCCOSOUTHERN COPPER CORP	35,037	$6M	0.1%	TRIM −43%
75	NVDANVIDIA CORPORATION	34,314	$6M	0.1%	ADD 12%
76	EOSEEOS ENERGY ENTERPRISES INC	1,204,430	$6M	0.1%	HOLD
77	CIBGRUPO CIBEST SA	81,500	$6M	0.1%	ADD 50%
78	CPTCAMDEN PPTY TR	57,104	$6M	0.1%	HOLD
79	CTVACORTEVA INC	65,361	$5M	0.1%	TRIM −13%
80	BGBUNGE GLOBAL SA	41,774	$5M	0.1%	TRIM −6%
81	TECKTECK RESOURCES LTD	102,025	$5M	0.1%	TRIM −21%
82	IGFISHARES TR	75,803	$5M	0.1%	ADD 38%
83	MPVBARINGS PARTN INVS	285,875	$5M	0.1%	HOLD
84	CCJCAMECO CORP	44,548	$5M	0.1%	HOLD
85	LINLINDE PLC	9,604	$5M	0.1%	HOLD
86	ACWIISHARES TR	34,394	$5M	0.1%	ADD 3%
87	MSFTMICROSOFT CORP	11,998	$4M	0.1%	TRIM −12%
88	DEDEERE & CO	7,765	$4M	0.1%	ADD 9%
89	ICSHISHARES TR	78,600	$4M	0.1%	HOLD
90	ADMARCHER DANIELS MIDLAND CO	54,713	$4M	0.1%	TRIM −6%
91	XPXP INC	200,683	$4M	0.1%	NEW
92	MCIBARINGS CORPORATE INVS	219,664	$4M	0.1%	HOLD
93	WYWEYERHAEUSER CO	154,951	$4M	0.1%	ADD 48%
94	EQTEQT CORP	58,517	$4M	0.1%	TRIM −54%
95	AMZNAMAZON COM INC	17,335	$4M	0.1%	TRIM −12%
96	EPAMEPAM SYS INC	26,486	$4M	0.1%	HOLD
97	GOOGLALPHABET INC	12,286	$4M	0.1%	TRIM −6%
98	AAPLAPPLE INC	12,432	$3M	0.1%	TRIM −7%
99	EQREQUITY RESIDENTIAL	52,076	$3M	0.1%	HOLD
100	FPEFirst Trust Preferred Secs & Inc ETF	165,116	$3M	0.0%	TRIM −6%
101	AGCOAGCO CORP	24,662	$3M	0.0%	ADD 39%
102	METAMETA PLATFORMS INC	4,377	$3M	0.0%	ADD 5%
103	EWHISHARES INC MSCI HONG KG ETF	108,175	$2M	0.0%	HOLD
104	IBNDSPDR SER TR	78,778	$2M	0.0%	ADD 202%
105	MOATVANECK ETF TRUST	24,935	$2M	0.0%	HOLD
106	TSCOTRACTOR SUPPLY CO	52,370	$2M	0.0%	HOLD
107	GLDSPDR GOLD TR	5,273	$2M	0.0%	TRIM −46%
108	MOSMOSAIC CO NEW	85,299	$2M	0.0%	HOLD
109	VVISA INC	6,915	$2M	0.0%	TRIM −25%
110	AXIA.PCCENTRAIS ELET BRAS SA	190,242	$2M	0.0%	HOLD
111	TCPCBLACKROCK TCP CAPITAL CORP	564,991	$2M	0.0%	ADD 5%
112	ANDEANDERSONS INC	26,095	$2M	0.0%	NEW
113	ABEVAMBEV SA	621,824	$2M	0.0%	HOLD
114	MAAMID-AMER APT CMNTYS INC	14,312	$2M	0.0%	HOLD
115	KRKROGER CO	24,599	$2M	0.0%	ADD 15%
116	BLFSBIOLIFE SOLUTIONS INC	91,316	$2M	0.0%	HOLD
117	CNHCNH INDL N V	152,957	$2M	0.0%	ADD 13%
118	VTWOVANGUARD SCOTTSDALE FDS	15,737	$2M	0.0%	NEW
119	TSNTYSON FOODS INC	23,028	$1M	0.0%	ADD 5%
120	JPMJPMORGAN CHASE & CO	4,891	$1M	0.0%	TRIM −43%
121	IFSINTERCORP FINL SVCS INC	26,880	$1M	0.0%	NEW
122	BABAALIBABA GROUP HLDG LTD	10,195	$1M	0.0%	HOLD
123	VSGXVANGUARD WORLD FD	17,809	$1M	0.0%	NEW
124	XLKSELECT SECTOR SPDR TR	9,482	$1M	0.0%	HOLD
125	VWOVANGUARD INTL EQUITY INDEX F	22,940	$1M	0.0%	HOLD
126	IEURISHARES TR	17,508	$1M	0.0%	HOLD
127	INGRINGREDION INC	10,597	$1M	0.0%	TRIM −20%
128	HNRGHALLADOR ENERGY COMPANY	69,239	$1M	0.0%	HOLD
129	AVBAVALONBAY CMNTYS INC	6,454	$1M	0.0%	HOLD
130	LLYELI LILLY & CO	1,162	$1M	0.0%	TRIM −38%
131	VEAVANGUARD TAX-MANAGED FDS	16,483	$1M	0.0%	NEW
132	LEMBISHARES INC	25,700	$1M	0.0%	NEW
133	MUMICRON TECHNOLOGY INC	3,018	$1M	0.0%	NEW
134	FISFIDELITY NATL INFORMATION SV	18,671	$875,857	0.0%	TRIM −21%
135	URIUNITED RENTALS INC	1,197	$872,086	0.0%	TRIM −33%
136	AVGOBROADCOM INC	2,791	$863,842	0.0%	HOLD
137	GOOGALPHABET INC	2,927	$839,639	0.0%	HOLD
138	ELMEWASHINGTON REAL ESTATE INVT	49,487	$834,351	0.0%	HOLD
139	BBDBANCO BRADESCO S A	226,608	$827,119	0.0%	NEW
140	EAGGISHARES TR	17,310	$823,091	0.0%	HOLD
141	GEGE AEROSPACE	2,641	$749,437	0.0%	ADD 287%
142	ESSEssex Property Trust	3,019	$746,719	0.0%	HOLD
143	PPCPILGRIMS PRIDE CORP	19,328	$729,825	0.0%	HOLD
144	PLTRPALANTIR TECHNOLOGIES INC	4,694	$686,638	0.0%	ADD 217%
145	SLQDISHARES TR	13,008	$656,774	0.0%	TRIM −29%
146	PAVEGLOBAL X FDS	12,744	$647,523	0.0%	HOLD
147	TSLATESLA INC	1,728	$642,384	0.0%	HOLD
148	INTUINTUIT	1,407	$608,359	0.0%	TRIM −53%
149	TKOTKO GROUP HOLDINGS INC	2,851	$574,904	0.0%	HOLD
150	VGKVANGUARD INTL EQUITY INDEX F	5,980	$492,931	0.0%	NEW
151	KOREKORE GROUP HLDGS INC	49,433	$445,886	0.0%	HOLD
152	BRK.BBERKSHIRE HATHAWAY INC DEL	860	$412,112	0.0%	HOLD
153	AXONAXON ENTERPRISE INC	930	$394,962	0.0%	TRIM −47%
154	WMTWALMART INC	2,614	$324,868	0.0%	NEW
155	TLHISHARES TR	2,963	$298,433	0.0%	TRIM −63%
156	COSTCOSTCO WHSL CORP NEW	298	$296,936	0.0%	NEW
157	MAMASTERCARD INCORPORATED	566	$282,808	0.0%	HOLD
158	JNJJOHNSON & JOHNSON	1,094	$267,417	0.0%	TRIM −41%
159	PGPROCTER AND GAMBLE CO	1,780	$257,103	0.0%	NEW
160	BACBANK AMERICA CORP	5,150	$251,063	0.0%	TRIM −2%
161	RTXRTX CORPORATION	1,300	$250,770	0.0%	NEW
162	AMATAPPLIED MATLS INC	688	$235,152	0.0%	NEW
163	CATCATERPILLAR INC	325	$230,250	0.0%	NEW
164	HDHOME DEPOT INC	680	$223,645	0.0%	ADD 14%
165	LRCXLAM RESEARCH CORP	1,046	$223,488	0.0%	NEW
166	NFLXNETFLIX INC	2,316	$222,683	0.0%	ADD 2%
167	PMPHILIP MORRIS INTL INC	1,322	$218,579	0.0%	NEW
168	BGHBARINGS GLOBAL SHORT DURATIO	15,911	$217,351	0.0%	ADD 2%
169	CCITIGROUP INC	1,833	$207,881	0.0%	ADD 6%
170	AMDADVANCED MICRO DEVICES INC	1,019	$207,295	0.0%	NEW
171	VZVERIZON COMMUNICATIONS INC	3,989	$200,248	0.0%	NEW
172	WITWIPRO LTD	40,639	$86,155	0.0%	ADD 18%
173	CURICURIOSITYSTREAM INC	27,930	$82,673	0.0%	HOLD

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

IVVISHARES TR

1.9M

1.6M

1.7M

$1.1B

LQDISHARES TR

111K

72K

2.8M

8.6M

$939M

JAAAJANUS DETROIT STR TR

—

6.0M

12.9M

$650M

QQQINVESCO QQQ TR

893K

911K

893K

894K

906K

900K

$503M

IWOISHARES TR

1.5M

1.6M

1.7M

1.6M

1.7M

1.6M

$484M

VCSHVANGUARD SCOTTSDALE FDS

5.1M

$405M

IGSBISHARES TR

6.8M

$360M

VTVANGUARD INTL EQUITY INDEX F

24K

205K

790K

812K

885K

866K

$120M

BBDCBarings BDC, Inc.

13.6M

$112M

PDDPDD HOLDINGS INC

738K

512K

483K

539K

655K

649K

$66M

TTETotalEnergies SE

—

407K

605K

$57M

SPYSTATE STR SPDR S&P 500 ETF T

59K

112K

89K

115K

97K

78K

$51M

URTHISHARES INC

249K

314K

358K

311K

289K

265K

$48M

ARXACCELERANT HOLDINGS

—

3.1M

$46M

USHYISHARES TR

—

446K

1.2M

$46M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆BARINGS LLC

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 173 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Related· where to look next

BARINGS LLC