Vault-13

BARINGS BDC INC BBDC

COM · Common Stock · CUSIP 06759L103

210 institutional holders -7 vs Q4 2025
47,712,34347.7m shares reported held*
45.6% of all shares outstanding*
$392.8mreported value*
29 new 68 added 62 reduced 35 sold out net sold ≈ $1.0m (-121.8k 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: 104.7m as of 2026-05-07, 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 ≈ $8.23. Options: 2 managers hold calls ($144.0k notional), 1 hold puts ($823).

Trends to Q1 2026

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: 212Q2 25: 196Q3 25: 209Q4 25: 217Q1 26: 210210Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022204
Q4 2022221
Q1 2023217
Q2 2023210
Q3 2023209
Q4 2023204
Q1 2024199
Q2 2024191
Q3 2024199
Q4 2024198
Q1 2025212
Q2 2025196
Q3 2025209
Q4 2025217
Q1 2026210

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q2 25: 98 bought or addedQ2 25: 93 cut or sold outQ3 25: 109 bought or addedQ3 25: 67 cut or sold outQ3 25Q4 25: 95 bought or addedQ4 25: 99 cut or sold outQ1 26: 97 bought or addedQ1 26: 97 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20248786
Q3 20248279
Q4 20248679
Q1 202510377
Q2 20259893
Q3 202510967
Q4 20259599
Q1 20269797

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ2 25 calls: $749.3kQ2 25 puts: $115.8kQ2 25P/C 0.15Q3 25 calls: $605.6kQ3 25 puts: $107.8kQ3 25P/C 0.18Q4 25 calls: $1.0mQ4 25 puts: $7.3kQ4 25P/C 0.01Q1 26 calls: $144.0kQ1 26 puts: $823Q1 26P/C 0.01
Numbers
QuarterCallsPutsP/C
Q2 2025$749.3k$115.8k0.15
Q3 2025$605.6k$107.8k0.18
Q4 2025$1.0m$7.3k0.01
Q1 2026$144.0k$8230.01

Biggest buyers

Russell Investments Group, Ltd. Added +546,323+546.3k
PRIVATE MANAGEMENT GROUP INC Added +534,559+534.6k
Diameter Capital Partners LP Added +505,430+505.4k
Cresset Asset Management, LLC Added +369,642+369.6k
D. E. Shaw & Co., Inc. New +305,877+305.9k
TWO SIGMA INVESTMENTS, LP Added +246,211+246.2k
DIMENSION CAPITAL MANAGEMENT LLC Added +226,219+226.2k
Financial Gravity Asset Management, Inc. Added +220,539+220.5k
HUB Investment Partners, LLC New +161,646+161.6k
Legal & General Group Plc Added +100,245+100.2k

Biggest sellers

RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -806,071-806.1k
VAN ECK ASSOCIATES CORP Reduced -469,292-469.3k
TWO SIGMA ADVISERS, LP Sold out -401,500-401.5k
BlackRock, Inc. Reduced -354,436-354.4k
JANE STREET GROUP, LLC Reduced -343,138-343.1k
Skandinaviska Enskilda Banken AB (publ) Sold out -239,440-239.4k
Closed-End Fund Advisors, Inc. Reduced -153,600-153.6k
JPMORGAN CHASE & CO Reduced -128,236-128.2k
CITADEL ADVISORS LLC Sold out -104,651-104.7k
Callodine Capital Management, LP Reduced -96,544-96.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $134.1k16.3k shares
SIMPLEX TRADING, LLC Added $9.9k1.2k shares

Biggest puts

SIMPLEX TRADING, LLC New $823100 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 2026

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 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 25Q2 25: 4 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 1 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20240—0——
Q3 20240—0——
Q4 20243$284.7k0——
Q1 20250—0——
Q2 20254$452.9k0——
Q3 20250—0——
Q4 20251$60.6k1$50.9k—
Q1 20260—0——

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARINGS LLC 1.81% of their portfolio CHARLOTTE, NC 13,639,68113.6m $112.3m $112.3m 1.81% Unchanged
2 PRIVATE MANAGEMENT GROUP INC 1.02% of their portfolio IRVINE, CA 4,300,1884.3m $35.4m $35.4m 1.02% Added +534.6k +534,559
3 ARES MANAGEMENT LLC 1.97% of their portfolio LOS ANGELES, CA 3,630,1763.6m $29.9m $29.9m 1.97% Added +40.0k +40,000
4 Cresset Asset Management, LLC 0.08% of their portfolio Chicago, IL 2,324,3302.3m $19.1m $19.1m 0.08% Added +369.6k +369,642
5 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 1,824,9151.8m $15.0m $15.0m 0.01% Reduced -469.3k -469,292
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,582,7921.6m $13.0m $13.0m 0.00% Added +89.0k +89,041
7 Diameter Capital Partners LP 2.32% of their portfolio New York, NY 1,471,8001.5m $12.1m $12.1m 2.32% Added +505.4k +505,430
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 997,816997.8k $8.2m $8.2m 0.00% Added +98.3k +98,332
9 DIMENSION CAPITAL MANAGEMENT LLC 1.14% of their portfolio Coral Gables, FL 985,162985.2k $8.1m $8.1m 1.14% Added +226.2k +226,219
10 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 979,333979.3k $8.1m $8.1m 0.01% Added +246.2k +246,211
11 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 970,764970.8k $8.0m $8.0m 0.00% Added +89.7k +89,718
12 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 955,183955.2k $7.9m $7.9m 0.01% Reduced -47.7k -47,734
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 925,422925.4k $7.6m $7.6m 0.00% Added +45.6k +45,643
14 Legal & General Group Plc 0.00% of their portfolio London, X0 850,977851.0k $7.0m $7.0m 0.00% Added +100.2k +100,245
15 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 847,774847.8k $7.0m $7.0m 0.01% Added +546.3k +546,323
16 Muzinich & Co., Inc. 2.02% of their portfolio NEW YORK, NY 700,459700.5k $5.8m $5.8m 2.02% Added +1.5k +1,514
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 616,756616.8k $5.1m $5.1m 0.00% Reduced -34.5k -34,466
18 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 577,412577.4k $4.8m $4.8m 0.00% Unchanged
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 493,714493.7k $4.1m $4.1m 0.00% Reduced -354.4k -354,436
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 447,627447.6k $3.7m $3.7m 0.00% Reduced -79.3k -79,288
21 Advisors Asset Management, Inc. 0.06% of their portfolio Monument, CO 407,523407.5k $3.4m $3.4m 0.06% Added +15.8k +15,831
22 Bulldog Investors, LLP 0.62% of their portfolio SADDLE BROOK, NJ 334,904334.9k $2.8m $2.8m 0.62% Added +17.6k +17,597
23 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ST. LOUIS, MO 307,872307.9k $2.5m $2.5m 0.04% Reduced -35.4k -35,376
24 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 305,877305.9k $2.5m $2.5m 0.00% New
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 299,794299.8k $2.5m $2.5m 0.00% Added +20.5k +20,468
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 279,838279.8k $2.3m $2.3m 0.00% Reduced -20.9k -20,946
27 GraniteShares Advisors LLC 1.59% of their portfolio NEW YORK, NY 268,002268.0k $2.2m $2.2m 1.59% Reduced -30.7k -30,666
28 Callodine Capital Management, LP 0.15% of their portfolio BOSTON, MA 260,000260.0k $2.1m $2.1m 0.15% Reduced -96.5k -96,544
29 BI Asset Management Fondsmaeglerselskab A/S 0.02% of their portfolio KOBENHAVN, G7 246,759246.8k $2.0m $2.0m 0.02% Added +25.1k +25,129
30 Financial Gravity Asset Management, Inc. 0.35% of their portfolio Lakeway, TX 240,300240.3k $2.0m $2.0m 0.35% Added +220.5k +220,539
31 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 226,950226.9k $1.9m $1.9m 0.00% Reduced -5.7k -5,692
32 Hennion & Walsh Asset Management, Inc. 0.06% of their portfolio Parsippany, NJ 206,535206.5k $1.7m $1.7m 0.06% Added +47.1k +47,062
33 SBE LLC DBA CEDAR COVE WEALTH PARTNERS 0.87% of their portfolio BLOOMINGTON, MN 202,054202.1k $1.7m $1.7m 0.87% Added +8.6k +8,642
34 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 195,336195.3k $1.6m $1.6m 0.00% Reduced -10.0k -10,026
35 Lansforsakringar Fondforvaltning AB (publ) 0.01% of their portfolio Stockholm, V7 185,152185.2k $1.5m $1.5m 0.01% Added +18.0k +18,041
36 HUB Investment Partners, LLC 0.03% of their portfolio AUSTIN, TX 161,646161.6k $1.3m $1.3m 0.03% New
37 STEEL GROVE CAPITAL ADVISORS, LLC 0.14% of their portfolio MEMPHIS, TN 158,262158.3k $1.3m $1.3m 0.14% Added +35.4k +35,399
38 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 148,899148.9k $1.2m $1.2m 0.00% Added +34.9k +34,858
39 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 145,656145.7k $1.2m $1.2m 0.00% Added +5.0k +5,001
40 Cliffwater LLC 0.28% of their portfolio MARINA DEL REY, CA 126,753126.8k $1.0m $1.0m 0.28% Unchanged
41 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 114,670114.7k $949.0k $949.0k 0.00% Reduced -24.7k -24,657
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 110,729110.7k $911.3k $911.3k 0.00% Added +13.8k +13,826
43 SageGuard Financial Group, LLC 0.14% of their portfolio GOODLETTSVILLE, TN 108,117108.1k $889.8k $889.8k 0.14% Added +905 +905
44 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 101,410101.4k $834.6k $834.6k 0.00% Added +3.5k +3,500
45 SAXON INTERESTS, INC. 0.26% of their portfolio HOUSTON, TX 91,50991.5k $753.1k $753.1k 0.26% Added +3.1k +3,127
46 DENALI ADVISORS LLC 0.08% of their portfolio SAN DIEGO, CA 91,04791.0k $749.3k $749.3k 0.08% Reduced -3.1k -3,053
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 89,52189.5k $749.3k $749.3k 0.00% Reduced -60.4k -60,416
48 Ethos Financial Group, LLC 0.06% of their portfolio KING OF PRUSSIA, PA 84,03584.0k $771.4k $771.4k 0.06% Unchanged
49 Caliber Wealth Management, LLC / KS 0.07% of their portfolio Overland Park, KS 80,65080.7k $663.8k $663.8k 0.07% Reduced -41.1k -41,103
50 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 78,75278.8k $648.1k $648.1k 0.00% New
51 Dynamic Technology Lab Private Ltd 0.10% of their portfolio SINGAPORE, U0 76,27176.3k $627.7k $627.7k 0.10% Added +50.1k +50,095
52 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 75,75475.8k $623.5k $623.5k 0.00% Reduced -4.9k -4,877
53 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 75,36675.4k $620.3k $620.3k 0.01% Reduced -13 -13
54 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 66,39966.4k $546.5k $546.5k 0.01% Reduced -5.2k -5,247
55 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 60,73760.7k $499.9k $499.9k 0.00% Added +8.7k +8,681
56 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 60,17360.2k $495.2k $495.2k 0.00% Added +27.7k +27,685
57 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 58,51058.5k $481.5k $481.5k 0.00% Added +21.8k +21,790
58 Virtus Investment Advisers, LLC 0.13% of their portfolio HARTFORD, CT 55,99156.0k $460.8k $460.8k 0.13% Reduced -15.6k -15,626
59 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 52,80152.8k $434.6k $434.6k 0.00% Reduced -552 -552
60 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 50,84450.8k $418.4k $418.4k 0.00% Reduced -3.8k -3,847
61 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 49,82849.8k $410.1k $410.1k 0.00% Reduced -23.0k -23,021
62 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 47,72447.7k $392.8k $392.8k 0.02% Added +2.1k +2,095
63 Brevan Howard Capital Management LP 0.00% of their portfolio ST. HELIER, Y9 47,43147.4k $390.4k $390.4k 0.00% New
64 MQS Management LLC 0.26% of their portfolio NEW YORK, NY 47,23547.2k $388.7k $388.7k 0.26% New
65 Bison Wealth, LLC 0.04% of their portfolio ATLANTA, GA 46,93946.9k $404.1k $404.1k 0.04% Unchanged
66 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 46,70046.7k $384.0k $384.0k 0.00% Unchanged
67 Campbell & CO Investment Adviser LLC 0.02% of their portfolio BALTIMORE, MD 45,54645.5k $374.8k $374.8k 0.02% Added +9.2k +9,187
68 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 42,08042.1k $346.3k $346.3k 0.00% Reduced -5.6k -5,576
69 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 41,02041.0k $337.6k $337.6k 0.00% Reduced -343.1k -343,138
70 Closed-End Fund Advisors, Inc. 0.33% of their portfolio RICHMOND, VA 39,84739.8k $327.9k $327.9k 0.33% Reduced -153.6k -153,600
71 Patriot Financial Group Insurance Agency, LLC 0.02% of their portfolio Westborough, MA 38,71438.7k $318.6k $318.6k 0.02% Added +19.3k +19,344
72 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 35,71235.7k $293.9k $293.9k 0.00% Unchanged
73 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 34,53634.5k $284.2k $284.2k 0.00% Added +4.5k +4,512
74 Curi Capital, LLC 0.00% of their portfolio CHICAGO, IL 32,82732.8k $270.2k $270.2k 0.00% Added +1.0k +1,034
75 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 32,36032.4k $266.3k $266.3k 0.00% Reduced -2.2k -2,168
76 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 32,35532.4k $266.3k $266.3k 0.00% Reduced -724 -724
77 Prosperity Consulting Group, LLC 0.01% of their portfolio OWINGS MILLS, MD 32,32732.3k $266.1k $266.1k 0.01% Reduced -15.6k -15,608
78 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 32,25132.3k $265.4k $265.4k 0.01% Unchanged
79 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 31,92531.9k $262.7k $262.7k 0.00% Reduced -182 -182
80 nVerses Capital, LLC 0.23% of their portfolio WELLINGTON, FL 31,35631.4k $258.1k $258.1k 0.23% New
81 CAXTON ASSOCIATES LLP 0.01% of their portfolio LONDON, X0 30,42230.4k $250.4k $250.4k 0.01% Reduced -5.5k -5,537
82 Ausdal Financial Partners, Inc. 0.01% of their portfolio Davenport, IA 29,90329.9k $246.1k $246.1k 0.01% Reduced -677 -677
83 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 29,88129.9k $246.0k $246.0k 0.00% Reduced -437 -437
84 Essex Financial Services, Inc. 0.01% of their portfolio ESSEX, CT 29,74829.7k $244.8k $244.8k 0.01% Added +1.1k +1,077
85 EAGLE GLOBAL ADVISORS LLC 0.01% of their portfolio Houston, TX 29,74529.7k $244.8k $244.8k 0.01% Unchanged
86 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 29,30729.3k $241.2k $241.2k 0.00% Added +2.2k +2,182
87 Koshinski Asset Management, Inc. 0.01% of their portfolio DECATUR, IL 29,10529.1k $239.5k $239.5k 0.01% Reduced -329 -329
88 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 29,06629.1k $239.2k $239.2k 0.01% Reduced -1.2k -1,235
89 Sunbelt Securities, Inc. 0.02% of their portfolio HOUSTON, TX 28,96529.0k $238.4k $238.4k 0.02% Reduced -8.8k -8,832
90 Sunbeam Capital Management, LLC 0.13% of their portfolio ATLANTA, GA 28,25728.3k $232.6k $232.6k 0.13% Unchanged
91 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 27,48327.5k $226.2k $226.2k 0.00% Added +1.0k +1,004
92 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 27,38627.4k $225.0k $225.0k 0.01% Added +2.2k +2,245
93 Advisor OS, LLC 0.02% of their portfolio CHICAGO, IL 27,18127.2k $223.7k $223.7k 0.02% New
94 Entropy Technologies, LP 0.01% of their portfolio NEW YORK, NY 25,64725.6k $211.1k $211.1k 0.01% New
95 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 25,00025.0k $205.8k $205.8k 0.00% Unchanged
96 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 24,78324.8k $204.0k $204.0k 0.00% Added +12.4k +12,366
97 Triumph Capital Management 0.04% of their portfolio DENVER, CO 24,36624.4k $200.5k $200.5k 0.04% Unchanged
98 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 23,39323.4k $192.5k $192.5k 0.00% Reduced -617 -617
99 BFSG, LLC 0.02% of their portfolio IRVINE, CA 23,18523.2k $190.8k $190.8k 0.02% Added +1.2k +1,185
100 Advyzon Investment Management, LLC 0.02% of their portfolio LISLE, IL 23,06623.1k $189.8k $189.8k 0.02% Added +6.2k +6,237