Vault-13

BARINGS BDC INC BBDC

COM · Common Stock · CUSIP 06759L103

202 institutional holders -8 vs Q1 2026
50,499,19250.5m shares reported held*
48.2% of all shares outstanding*
$430.4mreported value*
25 new 74 added 58 reduced 30 sold out net bought ≈ $24.4m (+2.9m 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 2026-08-05, 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 ≈ $8.52. Options: 4 managers hold calls ($320.4k notional), 2 hold puts ($992.6k).

Trends to Q2 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: 210Q2 26: 202202Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026202

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 82 bought or addedQ3 24: 79 cut or sold outQ4 24: 86 bought or addedQ4 24: 79 cut or sold outQ4 24Q1 25: 103 bought or addedQ1 25: 77 cut or sold outQ2 25: 98 bought or addedQ2 25: 93 cut or sold outQ2 25Q3 25: 109 bought or addedQ3 25: 67 cut or sold outQ4 25: 95 bought or addedQ4 25: 99 cut or sold outQ4 25Q1 26: 97 bought or addedQ1 26: 97 cut or sold outQ2 26: 99 bought or addedQ2 26: 88 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20248279
Q4 20248679
Q1 202510377
Q2 20259893
Q3 202510967
Q4 20259599
Q1 20269797
Q2 20269988

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 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 0.01Q2 26 calls: $320.4kQ2 26 puts: $992.6kQ2 26P/C 3.10
Numbers
QuarterCallsPutsP/C
Q3 2025$605.6k$107.8k0.18
Q4 2025$1.0m$7.3k0.01
Q1 2026$144.0k$8230.01
Q2 2026$320.4k$992.6k3.10

Biggest buyers

ARES MANAGEMENT LLC Added +534,151+534.2k
UBS Group AG Added +522,846+522.8k
VAN ECK ASSOCIATES CORP Added +484,649+484.6k
PRIVATE MANAGEMENT GROUP INC Added +479,536+479.5k
GCM Grosvenor Holdings, LLC New +475,000+475.0k
FRANKLIN RESOURCES INC Added +395,024+395.0k
Russell Investments Group, Ltd. Added +386,738+386.7k
Thrivent Financial for Lutherans Added +326,935+326.9k
BANK OF AMERICA CORP /DE/ Added +243,150+243.2k
Cresset Asset Management, LLC Added +220,943+220.9k

Biggest sellers

Diameter Capital Partners LP Reduced -1,375,211-1.4m
D. E. Shaw & Co., Inc. Reduced -268,200-268.2k
BI Asset Management Fondsmaeglerselskab A/S Reduced -203,866-203.9k
Lansforsakringar Fondforvaltning AB (publ) Sold out -185,152-185.2k
WELLS FARGO & COMPANY/MN Reduced -164,863-164.9k
Dynamic Technology Lab Private Ltd Sold out -76,271-76.3k
MILLENNIUM MANAGEMENT LLC Sold out -49,828-49.8k
Focus Partners Wealth Reduced -47,568-47.6k
JANE STREET GROUP, LLC Sold out -41,020-41.0k
MORGAN STANLEY Reduced -37,239-37.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $158.5k18.6k shares
CITADEL ADVISORS LLC New $157.6k18.5k shares
SIMPLEX TRADING, LLC Reduced $2.6k300 shares
GROUP ONE TRADING LLC New $1.7k200 shares

Biggest puts

HBK INVESTMENTS L P New $852.0k100.0k shares
JANE STREET GROUP, LLC New $140.6k16.5k 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 since 1 Apr 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
404Q4 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 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20243$284.7k0——
Q1 20250—0——
Q2 20254$452.9k0——
Q3 20250—0——
Q4 20251$60.6k1$50.9k—
Q1 20260—0——
Q2 20261$82.7k0——
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-06-03 McDonnell Thomas Chief Executive Officer Bought 10,000 $8.27 $82.7k10.0k shares +62%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARINGS LLC 2.06% of their portfolio CHARLOTTE, NC 13,639,68113.6m $116.2m $116.2m 2.06% Unchanged
2 PRIVATE MANAGEMENT GROUP INC 1.07% of their portfolio IRVINE, CA 4,779,7244.8m $40.7m $40.7m 1.07% Added +479.5k +479,536
3 ARES MANAGEMENT LLC 1.55% of their portfolio LOS ANGELES, CA 4,164,3274.2m $35.5m $35.5m 1.55% Added +534.2k +534,151
4 Cresset Asset Management, LLC 0.08% of their portfolio Chicago, IL 2,545,2732.5m $21.7m $21.7m 0.08% Added +220.9k +220,943
5 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 2,309,5642.3m $19.7m $19.7m 0.01% Added +484.6k +484,649
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,105,6382.1m $17.9m $17.9m 0.00% Added +522.8k +522,846
7 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 1,365,7881.4m $11.6m $11.6m 0.00% Added +395.0k +395,024
8 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 1,234,5121.2m $10.5m $10.5m 0.01% Added +386.7k +386,738
9 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 1,129,9801.1m $9.6m $9.6m 0.01% Added +150.6k +150,647
10 DIMENSION CAPITAL MANAGEMENT LLC 1.02% of their portfolio Coral Gables, FL 1,020,5811.0m $8.7m $8.7m 1.02% Added +35.4k +35,419
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 960,577960.6k $8.2m $8.2m 0.00% Reduced -37.2k -37,239
12 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 907,615907.6k $7.7m $7.7m 0.01% Reduced -47.6k -47,568
13 Legal & General Group Plc 0.00% of their portfolio London, X0 879,822879.8k $7.5m $7.5m 0.00% Added +28.8k +28,845
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 760,559760.6k $6.5m $6.5m 0.00% Reduced -164.9k -164,863
15 Muzinich & Co., Inc. 2.08% of their portfolio NEW YORK, NY 714,955715.0k $6.1m $6.1m 2.08% Added +14.5k +14,496
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 690,777690.8k $5.9m $5.9m 0.00% Added +243.2k +243,150
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 682,818682.8k $5.8m $5.8m 0.00% Added +66.1k +66,062
18 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 577,412577.4k $4.9m $4.9m 0.00% Unchanged
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 509,220509.2k $4.3m $4.3m 0.00% Added +15.5k +15,506
20 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 475,834475.8k $4.1m $4.1m 0.01% Added +326.9k +326,935
21 GCM Grosvenor Holdings, LLC 0.17% of their portfolio Chicago, IL 475,000475.0k $4.0m $4.0m 0.17% New
22 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 417,051417.1k $3.6m $3.6m 0.05% Added +9.5k +9,528
23 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 384,538384.5k $3.3m $3.3m 0.00% Added +189.2k +189,202
24 Bulldog Investors, LLP 0.63% of their portfolio SADDLE BROOK, NJ 336,401336.4k $2.9m $2.9m 0.63% Added +1.5k +1,497
25 GraniteShares Advisors LLC 1.69% of their portfolio NEW YORK, NY 308,352308.4k $2.6m $2.6m 1.69% Added +40.4k +40,350
26 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ST. LOUIS, MO 306,261306.3k $2.6m $2.6m 0.04% Reduced -1.6k -1,611
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 293,725293.7k $2.5m $2.5m 0.00% Reduced -6.1k -6,069
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 293,360293.4k $2.5m $2.5m 0.00% Added +13.5k +13,522
29 Callodine Capital Management, LP 0.16% of their portfolio BOSTON, MA 290,000290.0k $2.5m $2.5m 0.16% Added +30.0k +30,000
30 Hennion & Walsh Asset Management, Inc. 0.06% of their portfolio Parsippany, NJ 251,430251.4k $2.1m $2.1m 0.06% Added +44.9k +44,895
31 Financial Gravity Companies, Inc. 0.31% of their portfolio Lakeway, TX 224,104224.1k $1.9m $1.9m 0.31% First filing
32 SBE LLC DBA CEDAR COVE WEALTH PARTNERS 0.88% of their portfolio BLOOMINGTON, MN 218,811218.8k $1.9m $1.9m 0.88% Added +16.8k +16,757
33 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 207,324207.3k $1.8m $1.8m 0.00% Reduced -19.6k -19,626
34 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.08% of their portfolio WEST PALM BEACH, FL 205,194205.2k $1.7m $1.7m 0.08% New
35 STEEL GROVE CAPITAL ADVISORS, LLC 0.12% of their portfolio MEMPHIS, TN 152,667152.7k $1.3m $1.3m 0.12% Reduced -5.6k -5,595
36 Privium Fund Management (UK) Ltd 0.53% of their portfolio LONDON, X0 150,500150.5k $1.3m $1.3m 0.53% New
37 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 146,841146.8k $1.3m $1.3m 0.00% Added +1.2k +1,185
38 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 138,892138.9k $1.2m $1.2m 0.00% Added +24.2k +24,222
39 HUB Investment Partners, LLC 0.02% of their portfolio AUSTIN, TX 137,608137.6k $1.2m $1.2m 0.02% Reduced -24.0k -24,038
40 Cliffwater LLC 0.27% of their portfolio MARINA DEL REY, CA 126,753126.8k $1.1m $1.1m 0.27% Unchanged
41 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 122,815122.8k $1.0m $1.0m 0.00% New
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 110,976111.0k $945.5k $945.5k 0.00% Added +247 +247
43 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 109,880109.9k $936.2k $936.2k 0.00% Added +31.1k +31,128
44 SageGuard Financial Group, LLC 0.13% of their portfolio GOODLETTSVILLE, TN 105,864105.9k $902.0k $902.0k 0.13% Reduced -2.3k -2,253
45 SAXON INTERESTS, INC. 0.25% of their portfolio HOUSTON, TX 105,056105.1k $895.1k $895.1k 0.25% Added +13.5k +13,547
46 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 103,326103.3k $880.3k $880.3k 0.00% New
47 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 99,61099.6k $848.7k $848.7k 0.00% Reduced -1.8k -1,800
48 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 98,83398.8k $842.1k $842.1k 0.00% Added +84.0k +84,000
49 Diameter Capital Partners LP 0.09% of their portfolio New York, NY 96,58996.6k $822.9k $822.9k 0.09% Reduced -1.4m -1,375,211
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 93,66493.7k $802.7k $802.7k 0.00% Added +4.1k +4,143
51 DENALI ADVISORS LLC 0.07% of their portfolio SAN DIEGO, CA 83,18283.2k $708.7k $708.7k 0.07% Reduced -7.9k -7,865
52 Ethos Financial Group, LLC 0.05% of their portfolio KING OF PRUSSIA, PA 81,62081.6k $695.4k $695.4k 0.05% Reduced -2.4k -2,415
53 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 77,35177.4k $659.0k $659.0k 0.01% Added +11.0k +10,952
54 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 74,95375.0k $638.6k $638.6k 0.00% Reduced -801 -801
55 FreeGulliver LLC 0.22% of their portfolio NEW ORLEANS, LA 74,40974.4k $634.0k $634.0k 0.22% New
56 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 71,36671.4k $608.0k $608.0k 0.01% Reduced -4.0k -4,000
57 Caliber Wealth Management, LLC / KS 0.06% of their portfolio Overland Park, KS 70,68570.7k $602.2k $602.2k 0.06% Reduced -10.0k -9,965
58 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 62,94962.9k $536.3k $536.3k 0.00% Added +2.2k +2,212
59 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 61,58961.6k $524.7k $524.7k 0.00% Added +3.1k +3,079
60 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 61,30161.3k $522.3k $522.3k 0.00% Added +19.2k +19,221
61 Campbell & CO Investment Adviser LLC 0.03% of their portfolio BALTIMORE, MD 61,10761.1k $520.6k $520.6k 0.03% Added +15.6k +15,561
62 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 60,50160.5k $515.5k $515.5k 0.00% Added +328 +328
63 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 57,61957.6k $490.9k $490.9k 0.00% Added +6.8k +6,775
64 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 50,13550.1k $427.1k $427.1k 0.02% Added +2.4k +2,411
65 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 49,21749.2k $419.3k $419.3k 0.01% Added +16.9k +16,862
66 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 48,45148.5k $412.8k $412.8k 0.00% Reduced -4.3k -4,350
67 Bison Wealth, LLC 0.04% of their portfolio ATLANTA, GA 46,93946.9k $400.4k $400.4k 0.04% Unchanged
68 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 46,70046.7k $398.0k $398.0k 0.00% Unchanged
69 Virtus Investment Advisers, LLC 0.09% of their portfolio HARTFORD, CT 46,26246.3k $394.2k $394.2k 0.09% Reduced -9.7k -9,729
70 MQS Management LLC 0.45% of their portfolio NEW YORK, NY 43,21143.2k $368.2k $368.2k 0.45% Reduced -4.0k -4,024
71 BI Asset Management Fondsmaeglerselskab A/S 0.00% of their portfolio KOBENHAVN, G7 42,89342.9k $365.0k $365.0k 0.00% Reduced -203.9k -203,866
72 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 40,00040.0k $340.8k $340.8k 0.00% Added +15.0k +15,000
73 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 37,67737.7k $321.0k $321.0k 0.00% Reduced -268.2k -268,200
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 36,89836.9k $314.4k $314.4k 0.00% Added +24.8k +24,802
75 Closed-End Fund Advisors, Inc. 0.29% of their portfolio RICHMOND, VA 35,28435.3k $300.6k $300.6k 0.29% Reduced -4.6k -4,563
76 Curi Capital, LLC 0.00% of their portfolio CHICAGO, IL 32,82732.8k $279.7k $279.7k 0.00% Unchanged
77 Prosperity Consulting Group, LLC 0.01% of their portfolio OWINGS MILLS, MD 32,33132.3k $275.5k $275.5k 0.01% Added +4 +4
78 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 31,92931.9k $272.0k $272.0k 0.01% Reduced -322 -322
79 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 31,00631.0k $264.2k $264.2k 0.00% Added +14.2k +14,215
80 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 30,37030.4k $258.0k $258.0k 0.00% Added +489 +489
81 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 29,19429.2k $248.7k $248.7k 0.00% Reduced -113 -113
82 Sunbeam Capital Management, LLC 0.11% of their portfolio ATLANTA, GA 28,25728.3k $240.8k $240.8k 0.11% Unchanged
83 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 27,88627.9k $238.0k $238.0k 0.01% Added +500 +500
84 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 27,84827.8k $237.3k $237.3k 0.01% Reduced -1.2k -1,218
85 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 27,80027.8k $236.9k $236.9k 0.00% Reduced -4.1k -4,125
86 BFSG, LLC 0.02% of their portfolio IRVINE, CA 27,33527.3k $232.9k $232.9k 0.02% Added +4.2k +4,150
87 EAGLE GLOBAL ADVISORS LLC 0.01% of their portfolio Houston, TX 27,29527.3k $232.6k $232.6k 0.01% Reduced -2.5k -2,450
88 DRW Securities, LLC 0.01% of their portfolio CHICAGO, IL 27,21827.2k $231.9k $231.9k 0.01% Added +4.6k +4,640
89 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 25,37825.4k $217.0k $217.0k 0.00% Added +4.4k +4,448
90 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 24,52124.5k $208.9k $208.9k 0.00% Reduced -10.0k -10,015
91 Triumph Capital Management 0.04% of their portfolio DENVER, CO 24,36624.4k $207.6k $207.6k 0.04% Unchanged
92 Advisor OS, LLC 0.01% of their portfolio CHICAGO, IL 24,05524.1k $204.9k $204.9k 0.01% Reduced -3.1k -3,126
93 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 24,02624.0k $204.7k $204.7k 0.00% Added +2.6k +2,577
94 CAXTON ASSOCIATES LLP 0.00% of their portfolio LONDON, X0 23,92123.9k $203.8k $203.8k 0.00% Reduced -6.5k -6,501
95 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 23,57623.6k $200.9k $200.9k 0.00% Added +183 +183
96 Raleigh Capital Management Inc. 0.06% of their portfolio CARY, NC 22,66522.7k $193.1k $193.1k 0.06% Added +109 +109
97 Virtu Financial LLC 0.01% of their portfolio New York, NY 22,64622.6k $193.0k $193.0k 0.01% New
98 Advyzon Investment Management, LLC 0.01% of their portfolio LISLE, IL 22,54322.5k $192.1k $192.1k 0.01% Reduced -523 -523
99 Ausdal Financial Partners, Inc. 0.01% of their portfolio Davenport, IA 22,50722.5k $191.8k $191.8k 0.01% Reduced -7.4k -7,396
100 Koshinski Asset Management, Inc. 0.01% of their portfolio DECATUR, IL 22,20522.2k $189.2k $189.2k 0.01% Reduced -6.9k -6,900