BARINGS LLC
Long book
$6.00B
Q1 2026
Positions
173
Top-10 weight
78%
concentration
Last quarter
+7.5%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsBARINGS LLC is a wealth-management firm allocating client money, running a $6.00B US long book across 173 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, ISHR IBX USD INVGD CB ETF-UI, JANUS HENDERSON AAA CLO ETF, INVESCO QQQ TRUST SERIES 1, ISHARES RUSSELL 2000 GROWTH.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 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
+5.6%
Q3 2024
-0.7%
Q4 2024
-1.1%
Q1 2025
+8.3%
Q2 2025
+7.8%
Q3 2025
+2.0%
Q4 2025
-1.9%
Q1 2026
+7.5%
Sector allocation
Energy 22%
Other 21%
Materials 20%
Financials 13%
Healthcare 6%
Technology 6%
Industrials 5%
Consumer staples 4%
Long book by quarter
What does BARINGS LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BBDC BARINGS BDC INC | — | 13.6M | $112.3M | 1.9% | Held |
| TTE TOTALENERGIES SE | Energy | 605.2K | $56.6M | 0.9% | +48.9% |
| ARX ACCELERANT HOLDINGS-CL A | Financials | 3.1M | $46.1M | 0.8% | Held |
| AU ANGLOGOLD ASHANTI PLC | Materials | 428.5K | $41.6M | 0.7% | -20.5% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 270.9K | $35.6M | 0.6% | -28.5% |
| AZN ASTRAZENECA PLC | Healthcare | 143.0K | $27.8M | 0.5% | New |
| CRH CRH PLC | Industrials | 203.0K | $21.3M | 0.4% | -21.5% |
| CVX CHEVRON CORP | Energy | 100.4K | $20.8M | 0.3% | +8.7% |
| SU SUNCOR ENERGY INC | Energy | 288.8K | $19.1M | 0.3% | +231.3% |
| XOM EXXON MOBIL CORP | Energy | 102.5K | $17.4M | 0.3% | +0.4% |
| NTR NUTRIEN LTD | Other | 216.3K | $16.3M | 0.3% | +70.6% |
| COP CONOCOPHILLIPS | Energy | 115.4K | $15.2M | 0.3% | +0.6% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 1.1M | $15.2M | 0.3% | -33.3% |
| AON AON PLC-CLASS A | Financials | 46.2K | $14.9M | 0.2% | -34.9% |
| QGEN QIAGEN N.V. | Healthcare | 329.5K | $13.2M | 0.2% | New |
| DAR DARLING INGREDIENTS INC | Consumer staples | 189.8K | $11.7M | 0.2% | Held |
| NEM NEWMONT CORP | Materials | 101.4K | $11.0M | 0.2% | -28.1% |
| EOG EOG RESOURCES INC | Energy | 75.9K | $11.0M | 0.2% | Held |
| CTRA COTERRA ENERGY INC | — | 304.7K | $10.7M | 0.2% | +81.8% |
| BAP CREDICORP LTD | Financials | 28.3K | $9.6M | 0.2% | Held |
| AEM AGNICO EAGLE MINES LTD | Materials | 45.3K | $9.2M | 0.2% | +0.6% |
| CTGO CONTANGO SILVER & GOLD INC | Materials | 476.2K | $8.9M | 0.1% | Held |
| FN FABRINET | Technology | 17.0K | $8.9M | 0.1% | Held |
| FCX FREEPORT-MCMORAN INC | Materials | 143.1K | $8.4M | 0.1% | -39.1% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 62.6K | $8.1M | 0.1% | +37.0% |
| WMB WILLIAMS COS INC | Utilities | 103.9K | $7.6M | 0.1% | New |
| FANG DIAMONDBACK ENERGY INC | Energy | 38.1K | $7.5M | 0.1% | New |
| RACE FERRARI NV | Industrials | 22.0K | $7.3M | 0.1% | +823.5% |
| DOW DOW INC | Materials | 169.4K | $7.1M | 0.1% | New |
| ENB ENBRIDGE INC | Energy | 129.9K | $7.0M | 0.1% | -30.1% |
| VLO VALERO ENERGY CORP | Energy | 27.2K | $6.7M | 0.1% | +36.7% |
| B BARRICK MINING CORP | Materials | 153.8K | $6.3M | 0.1% | New |
| SCCO SOUTHERN COPPER CORP | Materials | 35.0K | $6.0M | 0.1% | -43.0% |
| NVDA NVIDIA CORP | Technology | 34.3K | $6.0M | 0.1% | +11.6% |
| EOSE EOS ENERGY ENTERPRISES INC | Technology | 1.2M | $6.0M | 0.1% | Held |
| CTVA CORTEVA INC | Consumer staples | 65.4K | $5.5M | 0.1% | -12.6% |
| BG BUNGE GLOBAL SA | Consumer staples | 41.8K | $5.3M | 0.1% | -6.5% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 102.0K | $5.3M | 0.1% | -21.3% |
| CCJ CAMECO CORP | Materials | 44.5K | $4.8M | 0.1% | Held |
| LIN LINDE PLC | Materials | 9.6K | $4.8M | 0.1% | Held |
| MSFT MICROSOFT CORP | Technology | 12.0K | $4.4M | 0.1% | -11.8% |
| DE DEERE & CO | Industrials | 7.8K | $4.4M | 0.1% | +8.9% |
| ADM ARCHER-DANIELS-MIDLAND CO | Consumer staples | 54.7K | $4.0M | 0.1% | -5.9% |
| XP XP INC - CLASS A | Financials | 200.7K | $3.8M | 0.1% | New |
| EQT EQT CORP | Energy | 58.5K | $3.7M | 0.1% | -53.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 17.3K | $3.6M | 0.1% | -12.4% |
| EPAM EPAM SYSTEMS INC | Technology | 26.5K | $3.6M | 0.1% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 12.3K | $3.5M | 0.1% | -5.6% |
| AAPL APPLE INC | Technology | 12.4K | $3.2M | 0.1% | -6.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 238 | $6.19B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 218 | $5.43B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 221 | $5.25B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 216 | $4.28B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 210 | $4.01B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 209 | $4.21B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 196 | $4.28B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ARESTATEMENT | Nov 6, 2024 | 185 | $4.11B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ARESTATEMENT | Oct 30, 2024 | 182 | $4.11B | SEC ↗ | |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 182 | $4.11B | SEC ↗ | |
| Q1 2024 | 13F-HR | May 8, 2024 | 206 | $3.99B | canonical | SEC ↗ |