Vault-13

BARINGS BDC INC BBDC

COM · Common Stock · CUSIP 06759L103

199 institutional holders +8 vs Q2 2024
44,116,68944.1m shares reported held*
41.8% of all shares outstanding*
$434.1mreported value*
26 new 56 added 61 reduced 18 sold out net bought ≈ $5.9m (+615.0k 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: 105.6m as of 2024-11-06, 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 ≈ $9.84. Options: 6 managers hold calls ($1.2m notional), 4 hold puts ($196.4k).

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 204Q4 22: 221Q1 23: 217Q2 23: 210Q3 23: 209Q4 23: 204Q1 24: 199Q2 24: 191Q3 24: 199199Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022204
Q4 2022221
Q1 2023217
Q2 2023210
Q3 2023209
Q4 2023204
Q1 2024199
Q2 2024191
Q3 2024199

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 outQ1 23: 94 bought or addedQ1 23: 93 cut or sold outQ1 23Q2 23: 82 bought or addedQ2 23: 98 cut or sold outQ3 23: 100 bought or addedQ3 23: 79 cut or sold outQ3 23Q4 23: 85 bought or addedQ4 23: 100 cut or sold outQ1 24: 82 bought or addedQ1 24: 94 cut or sold outQ1 24Q2 24: 87 bought or addedQ2 24: 86 cut or sold outQ3 24: 82 bought or addedQ3 24: 79 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20229197
Q1 20239493
Q2 20238298
Q3 202310079
Q4 202385100
Q1 20248294
Q2 20248786
Q3 20248279

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ4 23 calls: $1.4mQ4 23 puts: $567.3kQ4 23P/C 0.40Q1 24 calls: $1.5mQ1 24 puts: $366.8kQ1 24P/C 0.24Q2 24 calls: $1.1mQ2 24 puts: $241.5kQ2 24P/C 0.22Q3 24 calls: $1.2mQ3 24 puts: $196.4kQ3 24P/C 0.16
Numbers
QuarterCallsPutsP/C
Q4 2023$1.4m$567.3k0.40
Q1 2024$1.5m$366.8k0.24
Q2 2024$1.1m$241.5k0.22
Q3 2024$1.2m$196.4k0.16

Biggest buyers

NorthCoast Asset Management LLC New +1,083,119+1.1m
HARBOR CAPITAL ADVISORS, INC. Added +442,621+442.6k
Raymond James Financial Services Advisors, Inc. Added +270,110+270.1k
DENALI ADVISORS LLC New +153,629+153.6k
MARSHALL WACE, LLP New +130,700+130.7k
VAN ECK ASSOCIATES CORP Added +129,410+129.4k
Invesco Ltd. Added +128,138+128.1k
MORGAN STANLEY Added +93,982+94.0k
FRANKLIN RESOURCES INC Added +90,390+90.4k
Trexquant Investment LP Added +90,275+90.3k

Biggest sellers

Callodine Capital Management, LP Reduced -422,979-423.0k
ARES MANAGEMENT LLC Reduced -382,313-382.3k
TWO SIGMA ADVISERS, LP Reduced -296,700-296.7k
UBS Group AG Reduced -293,981-294.0k
TWO SIGMA INVESTMENTS, LP Reduced -250,509-250.5k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -154,453-154.5k
NEUBERGER BERMAN GROUP LLC Reduced -119,918-119.9k
Legal & General Group Plc Reduced -100,173-100.2k
BANK OF AMERICA CORP /DE/ Reduced -65,819-65.8k
TUDOR INVESTMENT CORP ET AL Reduced -56,640-56.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $530.2k54.1k shares
CITADEL ADVISORS LLC Reduced $436.1k44.5k shares
SIMPLEX TRADING, LLC Added $147.0k15.1k shares
PEAK6 Investments LLC Reduced $120.5k12.3k shares
GROUP ONE TRADING LLC Added $2.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $103.9k10.6k shares
CITADEL ADVISORS LLC Added $70.6k7.2k shares
SIMPLEX TRADING, LLC Added $22.0k2.3k 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 Q3 2024

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
404Q4 22: 0 buyingQ4 22: 0 sellingQ1 23: 2 buyingQ1 23: 0 sellingQ1 23Q2 23: 3 buyingQ2 23: 0 sellingQ3 23: 1 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 1 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20220—0——
Q1 20232$84.5k0——
Q2 20233$57.8k0——
Q3 20231$3.2k0——
Q4 20230—0——
Q1 20241$5.5k0——
Q2 20240—0——
Q3 20240—0——

None reported in Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARINGS LLC 3.12% of their portfolio CHARLOTTE, NC 13,639,68113.6m $133.7m $133.7m 3.12% Unchanged
2 ARES MANAGEMENT LLC 0.98% of their portfolio LOS ANGELES, CA 3,607,0963.6m $35.3m $35.3m 0.98% Reduced -382.3k -382,313
3 PRIVATE MANAGEMENT GROUP INC 1.03% of their portfolio IRVINE, CA 3,000,8283.0m $29.4m $29.4m 1.03% Reduced -14.5k -14,512
4 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 2,267,8972.3m $22.1m $22.1m 0.03% Added +129.4k +129,410
5 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.69% of their portfolio EDINA, MN 1,259,4311.3m $12.3m $12.3m 0.69% Reduced -2.4k -2,432
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,150,8021.2m $11.3m $11.3m 0.00% Added +128.1k +128,138
7 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 1,109,3341.1m $10.9m $10.9m 0.01% Added +270.1k +270,110
8 NorthCoast Asset Management LLC 0.07% of their portfolio STAMFORD, CT 1,083,1191.1m $10.5m $10.5m 0.07% New
9 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 1,003,1001.0m $9.8m $9.8m 0.02% Reduced -296.7k -296,700
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 836,659836.7k $8.2m $8.2m 0.00% Reduced -294.0k -293,981
11 Legal & General Group Plc 0.00% of their portfolio London, X0 756,880756.9k $7.4m $7.4m 0.00% Reduced -100.2k -100,173
12 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 748,175748.2k $7.3m $7.3m 0.02% Reduced -250.5k -250,509
13 HARBOR CAPITAL ADVISORS, INC. 0.32% of their portfolio CHICAGO, IL 740,559740.6k $7.3m $7.3m 0.32% Added +442.6k +442,621
14 NICOLA WEALTH MANAGEMENT LTD. 0.65% of their portfolio VANCOUVER, A1 614,000614.0k $8.1m $8.1m 0.65% Unchanged
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 605,389605.4k $5.9m $5.9m 0.00% Added +94.0k +93,982
16 DIMENSION CAPITAL MANAGEMENT LLC 1.12% of their portfolio Coral Gables, FL 605,175605.2k $5.9m $5.9m 1.12% Added +1.2k +1,185
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 587,173587.2k $5.8m $5.8m 0.00% Reduced -65.8k -65,819
18 Callodine Capital Management, LP 1.13% of their portfolio BOSTON, MA 553,270553.3k $5.4m $5.4m 1.13% Reduced -423.0k -422,979
19 Hennion & Walsh Asset Management, Inc. 0.25% of their portfolio Parsippany, NJ 538,094538.1k $5.3m $5.3m 0.25% Reduced -38.3k -38,300
20 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ST. LOUIS, MO 515,354515.4k $5.1m $5.1m 0.07% Added +5.9k +5,907
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 476,265476.3k $4.7m $4.7m 0.00% First filing
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 380,683380.7k $3.7m $3.7m 0.00% Reduced -42.7k -42,711
23 Advisors Asset Management, Inc. 0.06% of their portfolio Monument, CO 350,659350.7k $3.4m $3.4m 0.06% Added +26.4k +26,420
24 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 339,523339.5k $3.3m $3.3m 0.01% Reduced -28.6k -28,567
25 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 324,419324.4k $3.2m $3.2m 0.00% Reduced -119.9k -119,918
26 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 322,954323.0k $3.1m $3.1m 0.00% Added +90.4k +90,390
27 BI Asset Management Fondsmaeglerselskab A/S 0.05% of their portfolio KOBENHAVN, G7 317,452317.5k $3.1m $3.1m 0.05% Added +13.0k +12,967
28 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 311,542311.5k $3.1m $3.1m 0.00% Reduced -154.5k -154,453
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 293,840293.8k $2.9m $2.9m 0.00% Reduced -1.7k -1,652
30 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 252,518252.5k $2.5m $2.5m 0.00% Added +70.7k +70,722
31 Muzinich & Co., Inc. 1.95% of their portfolio NEW YORK, NY 252,518252.5k $2.5m $2.5m 1.95% Added +70.7k +70,722
32 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 251,592251.6k $2.5m $2.5m 0.01% Reduced -24.0k -24,023
33 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 239,440239.4k $2.3m $2.3m 0.01% Unchanged
34 ROYCE & ASSOCIATES LP 0.02% of their portfolio New York, NY 215,300215.3k $2.1m $2.1m 0.02% Unchanged
35 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 187,500187.5k $1.8m $1.8m 0.00% Added +47.0k +47,000
36 DENALI ADVISORS LLC 0.16% of their portfolio SAN DIEGO, CA 153,629153.6k $1.5m $1.5m 0.16% New
37 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 143,634143.6k $1.4m $1.4m 0.02% Reduced -56.6k -56,640
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 140,788140.8k $1.4m $1.4m 0.00% Unchanged
39 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 130,700130.7k $1.3m $1.3m 0.00% New
40 Cliffwater LLC 0.27% of their portfolio MARINA DEL REY, CA 119,607119.6k $1.2m $1.2m 0.27% Added +3.1k +3,117
41 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 106,929106.9k $1.0m $1.0m 0.01% Added +90.3k +90,275
42 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 103,255103.3k $1.0m $1.0m 0.01% Reduced -12.5k -12,483
43 DEERFIELD MANAGEMENT COMPANY, L.P. 0.01% of their portfolio New York, NY 102,058102.1k $1.0m $1.0m 0.01% Added +85.3k +85,288
44 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 100,638100.6k $986.3k $986.3k 0.01% Added +50.4k +50,433
45 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 89,42089.4k $876.3k $876.3k 0.02% Added +52.5k +52,470
46 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 88,50788.5k $867.4k $867.4k 0.00% Reduced -7.1k -7,136
47 STEEL GROVE CAPITAL ADVISORS, LLC 0.12% of their portfolio MEMPHIS, TN 87,99988.0k $867.7k $867.7k 0.12% Reduced -38.1k -38,099
48 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 83,51883.5k $818.5k $818.5k 0.00% Reduced -1.4k -1,431
49 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 81,49681.5k $801.0k $801.0k 0.00% Added +4.0k +4,043
50 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 79,81879.8k $782.2k $782.2k 0.02% Added +23.9k +23,855
51 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 75,76775.8k $742.5k $742.5k 0.01% Reduced -1.1k -1,123
52 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 73,84673.8k $723.7k $723.7k 0.00% Added +1.3k +1,277
53 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 73,63373.6k $721.6k $721.6k 0.00% Reduced -1.5k -1,496
54 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 72,34572.3k $709.0k $709.0k 0.00% Reduced -51.3k -51,296
55 VIRTUS ADVISERS, LLC 0.32% of their portfolio HARTFORD, CT 70,79970.8k $693.8k $693.8k 0.32% Reduced -21.0k -21,003
56 BARD ASSOCIATES INC 0.24% of their portfolio CHICAGO, IL 70,67570.7k $692.6k $692.6k 0.24% Reduced -375 -375
57 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 64,11064.1k $628.3k $628.3k 0.00% Added +1.0k +1,017
58 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 59,04259.0k $578.6k $578.6k 0.00% Added +43.7k +43,709
59 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 58,05158.1k $568.9k $568.9k 0.01% Reduced -6.1k -6,141
60 HighPoint Advisor Group LLC 0.03% of their portfolio DOWNERS GROVE, IL 57,38957.4k $550.4k $550.4k 0.03% Reduced -156 -156
61 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 54,57254.6k $535.0k $535.0k 0.00% Added +4.8k +4,772
62 Sunbelt Securities, Inc. 0.05% of their portfolio HOUSTON, TX 52,88352.9k $518.2k $518.2k 0.05% Reduced -12.8k -12,850
63 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 52,88052.9k $518.2k $518.2k 0.00% Reduced -9.7k -9,658
64 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 45,87645.9k $449.6k $449.6k 0.04% Unchanged
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 41,57441.6k $408.0k $408.0k 0.00% Added +3.1k +3,112
66 EAGLE GLOBAL ADVISORS LLC 0.02% of their portfolio Houston, TX 40,96041.0k $401.4k $401.4k 0.02% Reduced -150 -150
67 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 39,55939.6k $387.7k $387.7k 0.00% Unchanged
68 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 39,55239.6k $387.6k $387.6k 0.00% Added +2.4k +2,432
69 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 37,91337.9k $371.5k $371.5k 0.00% Added +5.4k +5,378
70 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 37,23637.2k $364.9k $364.9k 0.01% New
71 Roberts Financial Services LLC 0.07% of their portfolio MARQUETTE, MI 35,72635.7k $350.1k $350.1k 0.07% Unchanged
72 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 35,02435.0k $343.0k $343.0k 0.00% Added +13.5k +13,484
73 Raleigh Capital Management Inc. 0.13% of their portfolio CARY, NC 33,53633.5k $328.7k $328.7k 0.13% Reduced -4.3k -4,304
74 Paloma Partners Management Co 0.02% of their portfolio GREENWICH, CT 33,35433.4k $326.9k $326.9k 0.02% New
75 Castleview Partners, LLC 0.18% of their portfolio DALLAS, TX 32,00832.0k $313.7k $313.7k 0.18% Added +63 +63
76 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,29831.3k $306.7k $306.7k 0.00% New
77 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 29,94129.9k $293.0k $293.0k 0.01% Added +2.5k +2,545
78 Arete Wealth Advisors, LLC 0.02% of their portfolio CHICAGO, IL 29,49329.5k $289.0k $289.0k 0.02% Reduced -4.2k -4,194
79 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 29,37229.4k $287.8k $287.8k 0.01% Unchanged
80 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 28,48028.5k $279.1k $279.1k 0.00% Reduced -453 -453
81 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 28,09328.1k $275.3k $275.3k 0.00% Reduced -11.1k -11,122
82 Cambria Investment Management, L.P. 0.02% of their portfolio Manhattan Beach, CA 27,92027.9k $273.6k $273.6k 0.02% Reduced -10.1k -10,127
83 MINDSET WEALTH MANAGEMENT, LLC 0.11% of their portfolio INDIANAPOLIS, IN 27,03127.0k $264.9k $264.9k 0.11% First filing
84 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 26,75226.8k $262.2k $262.2k 0.01% Reduced -2.2k -2,233
85 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 26,45826.5k $259.3k $259.3k 0.01% Unchanged
86 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 25,73425.7k $252.5k $252.5k 0.02% New
87 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 25,63625.6k $251.2k $251.2k 0.01% Reduced -2.2k -2,186
88 Triumph Capital Management 0.09% of their portfolio DENVER, CO 24,36624.4k $238.8k $238.8k 0.09% Unchanged
89 Dynamic Technology Lab Private Ltd 0.02% of their portfolio SINGAPORE, U0 24,11424.1k $236.0k $236.0k 0.02% New
90 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 24,00524.0k $235.2k $235.2k 0.02% Added +21 +21
91 TRANSCEND CAPITAL ADVISORS, LLC 0.02% of their portfolio MADISON, NJ 23,19823.2k $227.3k $227.3k 0.02% Unchanged
92 Patriot Financial Group Insurance Agency, LLC 0.03% of their portfolio Westborough, MA 22,92422.9k $224.7k $224.7k 0.03% Added +255 +255
93 BFSG, LLC 0.02% of their portfolio IRVINE, CA 21,01021.0k $205.9k $205.9k 0.02% Unchanged
94 PANORAMIC INVESTMENT ADVISORS, LLC 0.14% of their portfolio DENVER, CO 21,00121.0k $205.8k $205.8k 0.14% First filing
95 SeaCrest Wealth Management, LLC 0.02% of their portfolio PURCHASE, NY 20,80620.8k $203.9k $203.9k 0.02% Added +1.6k +1,637
96 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 20,45120.5k $200.4k $200.4k 0.00% New
97 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 19,84419.8k $194.5k $194.5k 0.00% Unchanged
98 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,78518.8k $184.1k $184.1k 0.00% Added +4.8k +4,787
99 FOUNDERS FINANCIAL SECURITIES LLC 0.02% of their portfolio TOWSON, MD 18,73818.7k $183.6k $183.6k 0.02% Reduced -2.5k -2,517
100 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 18,63218.6k $182.6k $182.6k 0.00% Unchanged