Vault-13

BARINGS BDC INC BBDC

COM · Common Stock · CUSIP 06759L103

212 institutional holders +14 vs Q4 2024
44,639,39844.6m shares reported held*
42.4% of all shares outstanding*
$425.7mreported value*
31 new 72 added 58 reduced 19 sold out net sold ≈ $7.0m (-728.8k 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: 105.3m as of 2025-05-08, 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 ≈ $9.54. Options: 5 managers hold calls ($1.7m notional), 5 hold puts ($1.7m).

Trends to Q1 2025

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: 199Q4 24: 198Q1 25: 212212Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022204
Q4 2022221
Q1 2023217
Q2 2023210
Q3 2023209
Q4 2023204
Q1 2024199
Q2 2024191
Q3 2024199
Q4 2024198
Q1 2025212

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 24Q4 24: 86 bought or addedQ4 24: 79 cut or sold outQ1 25: 103 bought or addedQ1 25: 77 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20238298
Q3 202310079
Q4 202385100
Q1 20248294
Q2 20248786
Q3 20248279
Q4 20248679
Q1 202510377

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 24 calls: $1.1mQ2 24 puts: $241.5kQ2 24P/C 0.22Q3 24 calls: $1.2mQ3 24 puts: $196.4kQ3 24P/C 0.16Q4 24 calls: $718.1kQ4 24 puts: $65.7kQ4 24P/C 0.09Q1 25 calls: $1.7mQ1 25 puts: $1.7mQ1 25P/C 0.99
Numbers
QuarterCallsPutsP/C
Q2 2024$1.1m$241.5k0.22
Q3 2024$1.2m$196.4k0.16
Q4 2024$718.1k$65.7k0.09
Q1 2025$1.7m$1.7m0.99

Biggest buyers

TWO SIGMA ADVISERS, LP Added +455,600+455.6k
UBS Group AG Added +278,324+278.3k
FRANKLIN RESOURCES INC Added +273,275+273.3k
TUDOR INVESTMENT CORP ET AL Added +266,402+266.4k
Cresset Asset Management, LLC Added +231,356+231.4k
MORGAN STANLEY Added +227,308+227.3k
TWO SIGMA INVESTMENTS, LP Added +167,834+167.8k
D. E. Shaw & Co., Inc. Added +158,713+158.7k
Cubist Systematic Strategies, LLC New +130,042+130.0k
WELLS FARGO & COMPANY/MN Added +109,480+109.5k

Biggest sellers

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Sold out -1,213,601-1.2m
HARBOR CAPITAL ADVISORS, INC. Sold out -756,340-756.3k
RAYMOND JAMES FINANCIAL INC Reduced -605,613-605.6k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -192,203-192.2k
VAN ECK ASSOCIATES CORP Reduced -174,161-174.2k
ICON ADVISERS INC/CO Reduced -166,351-166.4k
HRT FINANCIAL LP Reduced -131,162-131.2k
NEUBERGER BERMAN GROUP LLC Reduced -113,228-113.2k
Hennion & Walsh Asset Management, Inc. Reduced -108,158-108.2k
VIRTUS ADVISERS, LLC Sold out -81,557-81.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $868.1k91.0k shares
CITADEL ADVISORS LLC Added $539.0k56.5k shares
SIMPLEX TRADING, LLC Added $201.0k21.1k shares
GROUP ONE TRADING LLC Added $95.4k10.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $949.2k99.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $477.0k50.0k shares
SIMPLEX TRADING, LLC Added $193.0k20.3k shares
GROUP ONE TRADING LLC New $65.8k6.9k 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 Q1 2025

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
404Q2 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 24Q4 24: 3 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20233$57.8k0——
Q3 20231$3.2k0——
Q4 20230—0——
Q1 20241$5.5k0——
Q2 20240—0——
Q3 20240—0——
Q4 20243$284.7k0——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARINGS LLC 3.25% of their portfolio CHARLOTTE, NC 13,639,68113.6m $130.1m $130.1m 3.25% Unchanged
2 ARES MANAGEMENT LLC 2.11% of their portfolio LOS ANGELES, CA 3,607,0963.6m $34.4m $34.4m 2.11% Unchanged
3 PRIVATE MANAGEMENT GROUP INC 1.05% of their portfolio IRVINE, CA 3,096,4443.1m $29.5m $29.5m 1.05% Added +12.2k +12,208
4 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 2,173,7302.2m $20.7m $20.7m 0.03% Reduced -174.2k -174,161
5 Cresset Asset Management, LLC 0.09% of their portfolio Chicago, IL 1,959,9302.0m $18.7m $18.7m 0.09% Added +231.4k +231,356
6 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 1,307,9001.3m $12.5m $12.5m 0.03% Added +455.6k +455,600
7 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,105,7161.1m $10.5m $10.5m 0.00% Added +13.8k +13,839
8 NorthCoast Asset Management LLC 0.05% of their portfolio STAMFORD, CT 1,073,1401.1m $10.2m $10.2m 0.05% Added +6.5k +6,540
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 962,061962.1k $9.2m $9.2m 0.00% Added +227.3k +227,308
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 850,829850.8k $8.1m $8.1m 0.00% Added +278.3k +278,324
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 815,108815.1k $7.8m $7.8m 0.00% Added +109.5k +109,480
12 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 732,289732.3k $7.0m $7.0m 0.02% Added +167.8k +167,834
13 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 699,971700.0k $6.7m $6.7m 0.00% Added +273.3k +273,275
14 Legal & General Group Plc 0.00% of their portfolio London, X0 693,280693.3k $6.6m $6.6m 0.00% Reduced -44.5k -44,514
15 DIMENSION CAPITAL MANAGEMENT LLC 0.91% of their portfolio Coral Gables, FL 540,148540.1k $5.2m $5.2m 0.91% Added +37.0k +37,050
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 527,554527.6k $5.0m $5.0m 0.00% Reduced -26.9k -26,941
17 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ST. LOUIS, MO 519,779519.8k $5.0m $5.0m 0.07% Added +2.0k +2,026
18 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 472,867472.9k $4.5m $4.5m 0.04% Added +266.4k +266,402
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 467,918467.9k $4.5m $4.5m 0.00% Reduced -64.6k -64,574
20 Advisors Asset Management, Inc. 0.07% of their portfolio Monument, CO 399,284399.3k $3.8m $3.8m 0.07% Added +21.4k +21,416
21 Hennion & Walsh Asset Management, Inc. 0.16% of their portfolio Parsippany, NJ 374,892374.9k $3.6m $3.6m 0.16% Reduced -108.2k -108,158
22 BI Asset Management Fondsmaeglerselskab A/S 0.04% of their portfolio KOBENHAVN, G7 372,610372.6k $3.6m $3.6m 0.04% Added +23.6k +23,564
23 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 349,180349.2k $3.3m $3.3m 0.01% Added +30.5k +30,489
24 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 323,476323.5k $3.1m $3.1m 0.00% Reduced -605.6k -605,613
25 Financial Gravity Asset Management, Inc. 0.63% of their portfolio Lakeway, TX 301,719301.7k $2.9m $2.9m 0.63% First filing
26 Callodine Capital Management, LP 0.48% of their portfolio BOSTON, MA 300,000300.0k $2.9m $2.9m 0.48% Unchanged
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 294,366294.4k $2.8m $2.8m 0.00% Added +13.9k +13,903
28 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 262,910262.9k $2.5m $2.5m 0.00% Added +20.7k +20,680
29 Muzinich & Co., Inc. 1.53% of their portfolio NEW YORK, NY 262,910262.9k $2.5m $2.5m 1.53% Added +20.7k +20,680
30 Caliber Wealth Management, LLC / KS 0.31% of their portfolio Overland Park, KS 241,126241.1k $2.3m $2.3m 0.31% First filing
31 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 239,440239.4k $2.3m $2.3m 0.01% Unchanged
32 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 216,623216.6k $2.1m $2.1m 0.00% Reduced -113.2k -113,228
33 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 207,157207.2k $2.0m $2.0m 0.01% Reduced -14.0k -13,984
34 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 171,450171.4k $1.6m $1.6m 0.00% Added +158.7k +158,713
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 152,340152.3k $1.5m $1.5m 0.00% Added +70.7k +70,691
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 151,393151.4k $1.4m $1.4m 0.00% Added +31.8k +31,775
37 Trexquant Investment LP 0.02% of their portfolio STAMFORD, CT 147,123147.1k $1.4m $1.4m 0.02% Added +18.2k +18,237
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 140,788140.8k $1.3m $1.3m 0.00% Unchanged
39 DENALI ADVISORS LLC 0.15% of their portfolio SAN DIEGO, CA 138,153138.2k $1.3m $1.3m 0.15% Added +11.5k +11,546
40 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 130,042130.0k $1.2m $1.2m 0.02% New
41 Cliffwater LLC 0.32% of their portfolio MARINA DEL REY, CA 126,753126.8k $1.2m $1.2m 0.32% Added +7.1k +7,146
42 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 119,339119.3k $1.1m $1.1m 0.00% Reduced -192.2k -192,203
43 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 108,276108.3k $1.0m $1.0m 0.00% Added +24.5k +24,519
44 ICON ADVISERS INC/CO 0.23% of their portfolio GREENWOOD VILLAGE, CO 102,951103.0k $982.2k $982.2k 0.23% Reduced -166.4k -166,351
45 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 99,42999.4k $948.6k $948.6k 0.00% Added +46.7k +46,700
46 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 98,06198.1k $942.4k $942.4k 0.01% Added +5.0k +5,000
47 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 91,13791.1k $869.4k $869.4k 0.00% Added +53.8k +53,773
48 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 91,11691.1k $870.0k $870.0k 0.00% Added +16.1k +16,060
49 Virtus Investment Advisers, LLC 0.23% of their portfolio HARTFORD, CT 88,93488.9k $848.4k $848.4k 0.23% New
50 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 75,49075.5k $720.2k $720.2k 0.00% Added +651 +651
51 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 71,13371.1k $678.6k $678.6k 0.01% Added +4.1k +4,091
52 OXFORD ASSET MANAGEMENT LLP 0.30% of their portfolio OXFORD, X0 68,66568.7k $655.1k $655.1k 0.30% Not comparable
53 BARD ASSOCIATES INC 0.24% of their portfolio CHICAGO, IL 67,86967.9k $647.5k $647.5k 0.24% Reduced -306 -306
54 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 66,32566.3k $632.7k $632.7k 0.00% Reduced -8.9k -8,910
55 MQS Management LLC 0.35% of their portfolio NEW YORK, NY 64,64064.6k $616.7k $616.7k 0.35% New
56 Ethos Financial Group, LLC 0.06% of their portfolio KING OF PRUSSIA, PA 64,48564.5k $615.2k $615.2k 0.06% New
57 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 61,73861.7k $589.0k $589.0k 0.00% Added +7.8k +7,833
58 STEEL GROVE CAPITAL ADVISORS, LLC 0.09% of their portfolio MEMPHIS, TN 61,15861.2k $583.4k $583.4k 0.09% Reduced -45.8k -45,800
59 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 59,52659.5k $567.9k $567.9k 0.00% Reduced -9.6k -9,606
60 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 58,22658.2k $555.0k $555.0k 0.00% Reduced -131.2k -131,162
61 HighPoint Advisor Group LLC 0.03% of their portfolio DOWNERS GROVE, IL 57,95858.0k $510.0k $510.0k 0.03% Reduced -1.2k -1,185
62 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 56,55056.5k $539.5k $539.5k 0.00% Added +17.1k +17,072
63 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 56,45056.5k $538.5k $538.5k 0.00% New
64 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 55,33155.3k $528.0k $528.0k 0.00% Added +4.6k +4,637
65 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 52,57352.6k $501.5k $501.5k 0.00% Reduced -37.9k -37,940
66 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 51,73451.7k $493.5k $493.5k 0.01% Reduced -4.4k -4,423
67 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 50,21450.2k $479.0k $479.0k 0.00% New
68 Sunbelt Securities, Inc. 0.04% of their portfolio HOUSTON, TX 48,83548.8k $465.9k $465.9k 0.04% Reduced -4.0k -4,048
69 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 48,25748.3k $460.4k $460.4k 0.01% Added +26.3k +26,291
70 Patriot Financial Group Insurance Agency, LLC 0.06% of their portfolio Westborough, MA 46,60146.6k $444.6k $444.6k 0.06% Added +24.2k +24,152
71 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 46,14746.1k $440.2k $440.2k 0.01% Reduced -7.9k -7,902
72 Virtu Financial LLC 0.02% of their portfolio New York, NY 44,83044.8k $428.0k $428.0k 0.02% New
73 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 43,61243.6k $416.1k $416.1k 0.04% Reduced -3.5k -3,546
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 43,50843.5k $415.1k $415.1k 0.00% Added +9.2k +9,162
75 Lansforsakringar Fondforvaltning AB (publ) 0.00% of their portfolio Stockholm, V7 39,00839.0k $372.1k $372.1k 0.00% New
76 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 37,11637.1k $354.0k $354.0k 0.00% Reduced -5.2k -5,159
77 Arete Wealth Advisors, LLC 0.03% of their portfolio CHICAGO, IL 36,48836.5k $348.0k $348.0k 0.03% Added +2.4k +2,384
78 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 36,10036.1k $344.0k $344.0k 0.00% Unchanged
79 Global Assets Advisory, LLC 0.06% of their portfolio ORLANDO, FL 35,04035.0k $302.2k $302.2k 0.06% Added +23.6k +23,588
80 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,14634.1k $325.8k $325.8k 0.00% Added +6.5k +6,519
81 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 33,56733.6k $320.2k $320.2k 0.01% Reduced -4.2k -4,165
82 Raleigh Capital Management Inc. 0.14% of their portfolio CARY, NC 32,67932.7k $311.8k $311.8k 0.14% Reduced -902 -902
83 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 32,64332.6k $311.4k $311.4k 0.00% Reduced -4.4k -4,426
84 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 30,44630.4k $290.0k $290.0k 0.01% Reduced -1.0k -1,025
85 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 29,37229.4k $280.2k $280.2k 0.01% Unchanged
86 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 27,99528.0k $267.1k $267.1k 0.02% Added +389 +389
87 EAGLE GLOBAL ADVISORS LLC 0.01% of their portfolio Houston, TX 27,97028.0k $266.8k $266.8k 0.01% Unchanged
88 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 27,68327.7k $264.1k $264.1k 0.00% Reduced -9.1k -9,072
89 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 27,56927.6k $263.0k $263.0k 0.00% Reduced -59.2k -59,188
90 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 27,55827.6k $262.9k $262.9k 0.01% Added +9.7k +9,697
91 Mariner, LLC 0.00% of their portfolio Overland Park, KS 27,29527.3k $260.4k $260.4k 0.00% Added +16.3k +16,310
92 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 27,07327.1k $258.3k $258.3k 0.00% Reduced -67.1k -67,091
93 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 26,37226.4k $251.6k $251.6k 0.01% Added +347 +347
94 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 26,29226.3k $250.8k $250.8k 0.02% Added +551 +551
95 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 25,92125.9k $247.3k $247.3k 0.00% Reduced -43.2k -43,154
96 OMERS ADMINISTRATION Corp 0.00% of their portfolio TORONTO, A6 25,80025.8k $246.1k $246.1k 0.00% New
97 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 25,00025.0k $238.5k $238.5k 0.00% New
98 Triumph Capital Management 0.08% of their portfolio DENVER, CO 24,36624.4k $232.5k $232.5k 0.08% Unchanged
99 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 23,90423.9k $205.8k $205.8k 0.01% Added +803 +803
100 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 22,85722.9k $218.1k $218.1k 0.00% Added +3.7k +3,724