AEGON USA Investment Management, LLC
Long book
$108.7M
Q1 2026
Positions
23
Top-10 weight
96%
concentration
Last quarter
+14.1%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsAEGON USA Investment Management, LLC is a wealth-management firm allocating client money, running a $108.7M US long book across 23 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, VANGUARD TOTAL BOND MARKET, WW INTERNATIONAL INC-NEW, BANK OF AMERICA CORP, KKR & CO INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.2%
Q2 2024
+6.5%
Q3 2024
+1.7%
Q4 2024
-4.2%
Q1 2025
+9.7%
Q2 2025
+7.9%
Q3 2025
+2.9%
Q4 2025
-6.7%
Q1 2026
+14.1%
Sector allocation
Other 37%
Services media 28%
Financials 22%
Utilities 11%
Communications 1%
Industrials 1%
Long book by quarter
What does AEGON USA own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WW WW INTERNATIONAL INC-NEW | Services media | 203.7K | $2.8M | 2.6% | +11.7% |
| BAC 7.25 PERP L BANK OF AMERICA CORP | — | 2.2K | $2.7M | 2.5% | Held |
| KKR KKR & CO INC | Financials | 37.4K | $1.5M | 1.4% | Held |
| APO 6.75 07/31/26 APOLLO GLOBAL MANAGEMENT | — | 22.7K | $1.3M | 1.2% | Held |
| ARES ARES MANAGEMENT CORP | Financials | 22.7K | $824K | 0.8% | Held |
| SO SOUTHERN CO | Utilities | 14.5K | $750K | 0.7% | New |
| NEE NEXTERA ENERGY INC | Utilities | 8.0K | $449K | 0.4% | Held |
| CCO CLEAR CHANNEL OUTDOOR HOLDIN | Services media | 88.6K | $210K | 0.2% | Held |
| IHRT IHEARTMEDIA INC - CLASS A | Communications | 46.8K | $137K | 0.1% | Held |
| EAF GRAFTECH INTERNATIONAL LTD | Industrials | 15.0K | $102K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 41 | $127.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 44 | $141.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 44 | $146.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 46 | $133.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 38 | $125.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 36 | $130.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 35 | $132.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 35 | $125.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 1, 2024 | 36 | $148.2M | canonical | SEC ↗ |