Vault-13

BARINGS BDC INC BBDC

COM · Common Stock · CUSIP 06759L103

204 institutional holders -5 vs Q3 2023
48,255,75048.3m shares reported held*
45.3% of all shares outstanding*
$415.4mreported value*
26 new 59 added 68 reduced 32 sold out net sold ≈ $7.2m (-835.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 106.5m as of 2023-11-09, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $8.61. Options: 4 managers hold calls ($1.4m notional), 5 hold puts ($567.3k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 204Q4 22: 221Q1 23: 217Q2 23: 210Q3 23: 209Q4 23: 204204Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022204
Q4 2022221
Q1 2023217
Q2 2023210
Q3 2023209
Q4 2023204

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 91 bought or addedQ4 22: 97 cut or sold outQ4 22Q1 23: 94 bought or addedQ1 23: 93 cut or sold outQ1 23Q2 23: 82 bought or addedQ2 23: 98 cut or sold outQ2 23Q3 23: 100 bought or addedQ3 23: 79 cut or sold outQ3 23Q4 23: 85 bought or addedQ4 23: 100 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229197
Q1 20239493
Q2 20238298
Q3 202310079
Q4 202385100

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ1 23 calls: $104.0kQ1 23 puts: $607.1kQ1 23P/C 5.84Q2 23 calls: $20.4kQ2 23 puts: $175.8kQ2 23P/C 8.64Q3 23 calls: $1.0mQ3 23 puts: $68.0kQ3 23P/C 0.07Q4 23 calls: $1.4mQ4 23 puts: $567.3kQ4 23P/C 0.40
Numbers
QuarterCallsPutsP/C
Q1 2023$104.0k$607.1k5.84
Q2 2023$20.4k$175.8k8.64
Q3 2023$1.0m$68.0k0.07
Q4 2023$1.4m$567.3k0.40

Biggest buyers

Invesco Ltd. New +979,993+980.0k
MORGAN STANLEY Added +622,829+622.8k
Privium Fund Management (UK) Ltd New +174,400+174.4k
VAN ECK ASSOCIATES CORP Added +161,127+161.1k
Hennion & Walsh Asset Management, Inc. Added +133,887+133.9k
PRIVATE MANAGEMENT GROUP INC Added +79,150+79.2k
Jump Financial, LLC New +72,530+72.5k
TUDOR INVESTMENT CORP ET AL Added +62,715+62.7k
Sequoia Financial Advisors, LLC New +39,794+39.8k
Legal & General Group Plc Added +36,269+36.3k

Biggest sellers

RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -562,085-562.1k
UBS Group AG Reduced -546,435-546.4k
MILLENNIUM MANAGEMENT LLC Sold out -353,668-353.7k
Callodine Capital Management, LP Reduced -312,571-312.6k
BANK OF AMERICA CORP /DE/ Reduced -217,173-217.2k
OSAIC HOLDINGS, INC. Reduced -202,771-202.8k
ROYCE & ASSOCIATES LP Reduced -191,594-191.6k
GraniteShares Advisors LLC Sold out -178,541-178.5k
TWO SIGMA ADVISERS, LP Reduced -140,200-140.2k
PUTNAM INVESTMENTS LLC Sold out -117,146-117.1k

Biggest calls

GROUP ONE TRADING LLC Added $751.6k87.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $538.0k62.7k shares
CITADEL ADVISORS LLC Reduced $128.7k15.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $373.2k43.5k shares
CITADEL ADVISORS LLC Added $169.0k19.7k shares
GROUP ONE TRADING LLC Reduced $18.0k2.1k shares
SIMPLEX TRADING, LLC Reduced $7.0k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 1 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 2 buyingQ1 23: 0 sellingQ2 23: 3 buyingQ2 23: 0 sellingQ2 23Q3 23: 1 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20220—0——
Q2 20221$185.7k0——
Q3 20220—0——
Q4 20220—0——
Q1 20232$84.5k0——
Q2 20233$57.8k0——
Q3 20231$3.2k0——
Q4 20230—0——

None reported in Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARINGS LLC 3.73% of their portfolio CHARLOTTE, NC 13,639,68113.6m $117.0m $117.0m 3.73% Unchanged
2 ARES MANAGEMENT LLC 0.92% of their portfolio LOS ANGELES, CA 4,347,5144.3m $37.3m $37.3m 0.92% Added +25.1k +25,103
3 PRIVATE MANAGEMENT GROUP INC 0.99% of their portfolio IRVINE, CA 3,026,6253.0m $26.0m $26.0m 0.99% Added +79.2k +79,150
4 Callodine Capital Management, LP 4.82% of their portfolio BOSTON, MA 2,133,3582.1m $18.3m $18.3m 4.82% Reduced -312.6k -312,571
5 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 1,691,1321.7m $14.5m $14.5m 0.03% Added +161.1k +161,127
6 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.77% of their portfolio EDINA, MN 1,538,9641.5m $13.2m $13.2m 0.77% Added +7.3k +7,293
7 Relative Value Partners Group, LLC 0.72% of their portfolio NORTHBROOK, IL 1,371,4881.4m $11.8m $11.8m 0.72% Added +11.3k +11,283
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,237,6221.2m $10.6m $10.6m 0.00% Reduced -43.4k -43,366
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,107,7461.1m $9.5m $9.5m 0.00% Reduced -546.4k -546,435
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 992,110992.1k $8.5m $8.5m 0.00% Added +622.8k +622,829
11 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 979,993980.0k $8.4m $8.4m 0.00% New
12 Legal & General Group Plc 0.00% of their portfolio London, X0 811,377811.4k $7.0m $7.0m 0.00% Added +36.3k +36,269
13 DIMENSION CAPITAL MANAGEMENT LLC 1.42% of their portfolio Coral Gables, FL 797,062797.1k $6.8m $6.8m 1.42% Reduced -10.5k -10,502
14 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 782,620782.6k $6.7m $6.7m 0.02% Reduced -92.6k -92,588
15 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 691,000691.0k $5.9m $5.9m 0.01% Reduced -140.2k -140,200
16 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 645,069645.1k $5.5m $5.5m 0.01% Reduced -10.9k -10,863
17 NICOLA WEALTH MANAGEMENT LTD. 0.73% of their portfolio VANCOUVER, A1 614,000614.0k $7.0m $7.0m 0.73% Unchanged
18 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 591,595591.6k $5.1m $5.1m 0.00% Reduced -359 -359
19 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 567,556567.6k $4.9m $4.9m 0.01% Reduced -202.8k -202,771
20 Bulldog Investors, LLP 1.46% of their portfolio SADDLE BROOK, NJ 518,581518.6k $4.4m $4.4m 1.46% Reduced -1.1k -1,105
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 515,774515.8k $4.4m $4.4m 0.00% Reduced -217.2k -217,173
22 Hennion & Walsh Asset Management, Inc. 0.25% of their portfolio Parsippany, NJ 513,590513.6k $4.4m $4.4m 0.25% Added +133.9k +133,887
23 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.06% of their portfolio ST. LOUIS, MO 502,263502.3k $4.3m $4.3m 0.06% Added +5.7k +5,735
24 BlackRock Inc. 0.00% of their portfolio New York, NY 495,802495.8k $4.3m $4.3m 0.00% Added +11.9k +11,942
25 Advisors Asset Management, Inc. 0.06% of their portfolio Monument, CO 342,473342.5k $2.9m $2.9m 0.06% Reduced -53.5k -53,475
26 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 315,722315.7k $2.7m $2.7m 0.00% Reduced -31.4k -31,419
27 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 300,294300.3k $2.6m $2.6m 0.01% Reduced -11.1k -11,129
28 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 1.18% of their portfolio LEAWOOD, KS 287,051287.1k $2.5m $2.5m 1.18% Added +6.8k +6,826
29 Financial Gravity Asset Management, Inc. 0.02% of their portfolio Lakeway, TX 281,020281.0k $1.9m $1.9m 0.02% Added +14.1k +14,051
30 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 255,487255.5k $2.2m $2.2m 0.00% Unchanged
31 Muzinich & Co., Inc. 1.90% of their portfolio NEW YORK, NY 255,487255.5k $2.2m $2.2m 1.90% Reduced -1.3k -1,256
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 254,366254.4k $2.2m $2.2m 0.00% Reduced -19.1k -19,079
33 CONDOR CAPITAL MANAGEMENT 0.22% of their portfolio MARTINSVILLE, NJ 241,708241.7k $2.1m $2.1m 0.22% Added +18.6k +18,596
34 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 239,440239.4k $2.1m $2.1m 0.01% Unchanged
35 Alpine Global Management, LLC 0.29% of their portfolio NEW YORK, NY 230,000230.0k $2.0m $2.0m 0.29% Added +25.0k +25,000
36 ROYCE & ASSOCIATES LP 0.02% of their portfolio New York, NY 215,300215.3k $1.8m $1.8m 0.02% Reduced -191.6k -191,594
37 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 213,924213.9k $1.8m $1.8m 0.03% Added +62.7k +62,715
38 BI Asset Management Fondsmaeglerselskab A/S 0.03% of their portfolio KOBENHAVN, G7 186,511186.5k $1.6m $1.6m 0.03% Added +18.5k +18,513
39 Privium Fund Management (UK) Ltd 1.04% of their portfolio LONDON, X0 174,400174.4k $1.5m $1.5m 1.04% New
40 MCKINLEY CAPITAL MANAGEMENT LLC 0.18% of their portfolio ANCHORAGE, AK 162,218162.2k $1.4m $1.4m 0.18% Reduced -2.1k -2,115
41 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 149,454149.5k $1.3m $1.3m 0.00% Reduced -11.0k -11,003
42 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 140,500140.5k $1.2m $1.2m 0.00% Unchanged
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 119,352119.4k $1.0m $1.0m 0.00% Added +7.2k +7,184
44 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 119,261119.3k $1.1m $1.1m 0.01% Added +21.0k +21,006
45 Cliffwater LLC 0.28% of their portfolio MARINA DEL REY, CA 113,298113.3k $972.1k $972.1k 0.28% Added +3.2k +3,235
46 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 99,57399.6k $854.3k $854.3k 0.01% Reduced -10.1k -10,095
47 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 98,66998.7k $846.0k $846.0k 0.00% Reduced -5.0k -5,050
48 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 90,53190.5k $776.8k $776.8k 0.00% Added +4.5k +4,525
49 HighPoint Advisor Group LLC 0.06% of their portfolio DOWNERS GROVE, IL 90,30590.3k $815.0k $815.0k 0.06% First filing
50 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 81,78981.8k $696.0k $696.0k 0.00% Reduced -8.1k -8,148
51 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 72,53072.5k $622.3k $622.3k 0.02% New
52 BARD ASSOCIATES INC 0.23% of their portfolio CHICAGO, IL 71,05071.0k $609.6k $609.6k 0.23% Added +778 +778
53 WNY Asset Management, LLC 0.10% of their portfolio Williamsville, NY 70,75570.8k $607.1k $607.1k 0.10% Reduced -5.1k -5,075
54 Koshinski Asset Management, Inc. 0.09% of their portfolio DECATUR, IL 68,50968.5k $587.8k $587.8k 0.09% Added +19.9k +19,894
55 Sunbelt Securities, Inc. 0.07% of their portfolio HOUSTON, TX 66,66566.7k $572.0k $572.0k 0.07% Reduced -823 -823
56 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 63,42763.4k $544.2k $544.2k 0.00% Reduced -1.6k -1,634
57 Retirement Group, LLC 0.22% of their portfolio SAN DIEGO, CA 62,96163.0k $540.2k $540.2k 0.22% Added +10.4k +10,399
58 WINTON GROUP Ltd 0.04% of their portfolio LONDON, X0 58,78858.8k $504.4k $504.4k 0.04% Added +16.3k +16,275
59 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 58,68158.7k $503.5k $503.5k 0.02% Added +2.2k +2,212
60 StrategIQ Financial Group, LLC 0.05% of their portfolio MERRILLVILLE, IN 55,48055.5k $476.0k $476.0k 0.05% Reduced -400 -400
61 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 54,35554.4k $466.0k $466.0k 0.00% Reduced -824 -824
62 VIRTUS ADVISERS, LLC 0.29% of their portfolio HARTFORD, CT 53,83353.8k $461.9k $461.9k 0.29% Reduced -16.3k -16,295
63 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 51,03251.0k $437.9k $437.9k 0.00% Added +19.7k +19,705
64 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 48,71948.7k $418.0k $418.0k 0.00% Reduced -46.5k -46,476
65 FOCUS FINANCIAL NETWORK INC /ADV 0.01% of their portfolio Minneapolis, MN 45,01945.0k $386.3k $386.3k 0.01% First filing
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 44,83144.8k $385.0k $385.0k 0.00% Reduced -3.4k -3,425
67 Raleigh Capital Management Inc. 0.16% of their portfolio CARY, NC 40,95041.0k $351.4k $351.4k 0.16% Added +327 +327
68 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 40,47940.5k $347.3k $347.3k 0.00% Added +20.9k +20,917
69 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 39,79439.8k $341.4k $341.4k 0.00% New
70 Roberts Financial Services LLC 0.07% of their portfolio MARQUETTE, MI 39,63839.6k $340.1k $340.1k 0.07% Unchanged
71 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 37,54237.5k $322.1k $322.1k 0.00% Added +2.6k +2,624
72 Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio HONG KONG, K3 35,85235.9k $307.6k $307.6k 0.03% Added +9.4k +9,441
73 Castleview Partners, LLC 0.21% of their portfolio DALLAS, TX 35,40235.4k $303.7k $303.7k 0.21% Added +4.1k +4,080
74 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 35,20035.2k $302.0k $302.0k 0.01% Added +20.4k +20,400
75 MQS Management LLC 0.17% of their portfolio NEW YORK, NY 35,06235.1k $300.8k $300.8k 0.17% New
76 &PARTNERS 0.07% of their portfolio NASHVILLE, TN 34,75034.8k $298.2k $298.2k 0.07% New
77 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 33,41833.4k $286.7k $286.7k 0.00% Reduced -23.2k -23,193
78 Arete Wealth Advisors, LLC 0.02% of their portfolio CHICAGO, IL 33,28733.3k $285.6k $285.6k 0.02% Unchanged
79 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 32,42532.4k $292.2k $292.2k 0.01% New
80 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 31,05431.1k $266.3k $266.3k 0.00% Reduced -9.0k -8,975
81 PANORAMIC INVESTMENT ADVISORS, LLC 0.22% of their portfolio DENVER, CO 29,82729.8k $255.9k $255.9k 0.22% Reduced -1.1k -1,085
82 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 29,64229.6k $254.3k $254.3k 0.00% Added +585 +585
83 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 29,37229.4k $252.0k $252.0k 0.01% Unchanged
84 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 28,81128.8k $247.2k $247.2k 0.01% Unchanged
85 Copperleaf Capital, LLC 0.25% of their portfolio CONCORD, NC 28,05428.1k $240.7k $240.7k 0.25% Reduced -10.0k -10,012
86 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 27,65827.7k $237.0k $237.0k 0.01% Reduced -1.1k -1,119
87 Triumph Capital Management 0.10% of their portfolio DENVER, CO 27,42927.4k $235.3k $235.3k 0.10% Unchanged
88 Ausdal Financial Partners, Inc. 0.03% of their portfolio Davenport, IA 26,88626.9k $230.7k $230.7k 0.03% Reduced -519 -519
89 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 26,45826.5k $227.0k $227.0k 0.02% Unchanged
90 Sheaff Brock Investment Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 26,20626.2k $224.8k $224.8k 0.02% Unchanged
91 NFSG Corp 0.11% of their portfolio BOCA RATON, FL 25,50725.5k $218.8k $218.8k 0.11% Reduced -1.4k -1,370
92 TRANSCEND CAPITAL ADVISORS, LLC 0.02% of their portfolio MADISON, NJ 25,49825.5k $218.8k $218.8k 0.02% Unchanged
93 Krilogy Financial LLC 0.02% of their portfolio ST. LOUIS, MO 25,35225.4k $217.5k $217.5k 0.02% Reduced -7.1k -7,111
94 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 25,25525.3k $216.7k $216.7k 0.00% New
95 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 24,95525.0k $214.1k $214.1k 0.00% Added +759 +759
96 CWM, LLC 0.00% of their portfolio OMAHA, NE 24,78024.8k $213.0k $213.0k 0.00% Reduced -672 -672
97 EAGLE GLOBAL ADVISORS LLC 0.01% of their portfolio Houston, TX 24,67524.7k $211.7k $211.7k 0.01% Added +1.1k +1,150
98 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 24,27424.3k $208.3k $208.3k 0.00% Added +9.8k +9,799
99 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 24,03724.0k $206.2k $206.2k 0.00% Reduced -194 -194
100 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 24,01924.0k $206.1k $206.1k 0.00% Added +1.6k +1,628