1y return+13.7%S&P 500 +20.9%
3y return+45.0%S&P 500 +68.5%
5y return+21.6%S&P 500 +74.5%
10y return+120.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $220 against $357 in the S&P 500.2
Barings LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $1.3B | 24.3% | +4.2% |
| QQQInvesco Qqq Tr | $635.9M | 11.8% | −4.1% |
| IWOIshares Tr | $622.4M | 11.6% | −1.8% |
| VCSHVanguard Scottsdale Fds | $403.7M | 7.5% | |
| IGSBIshares Tr | $358.5M | 6.7% | |
| LQDIshares Tr | $296.7M | 5.5% | −68.4% |
| JAAAJanus Detroit Str Tr | $247.9M | 4.6% | −62.0% |
| BBDCBarings Bdc, Inc. | $116.2M | 2.2% | |
| VTVanguard Intl Equity Index F | $115.0M | 2.1% | −15.4% |
| DYNFBlackrock Etf Trust | $52.1M | 1.0% | +58.6% |
| URTHIshares Inc | $51.0M | 1.0% | −5.1% |
| SPYState Str Spdr S&p 500 Etf T | $47.5M | 0.9% | −18.4% |
| PDDPdd Holdings Inc | $44.8M | 0.8% | −9.4% |
| FLOTIshares Tr | $39.8M | 0.7% | |
| Accelerant HoldingsCUSIP G00894108 | $37.6M | 0.7% | |
| Anglogold Ashanti PLCCUSIP G0378L100 | $36.9M | 0.7% | +6.5% |
| VGTVanguard World Fd | $34.0M | 0.6% | +18.4% |
| USHYIshares Tr | $32.8M | 0.6% | −28.3% |
| Totalenergies SeCUSIP F92124100 | $32.5M | 0.6% | −30.9% |
| WPMWheaton Precious Metals Corp | $28.0M | 0.5% | −8.1% |
| IEFIshares Tr | $26.7M | 0.5% | −2.2% |
| EWJIshares Inc | $26.2M | 0.5% | −16.2% |
| AAAPPacer Fds Tr | $25.2M | 0.5% | New |
| PBSCPacer Fds Tr | $25.1M | 0.5% | New |
| EEMIshares Tr | $24.9M | 0.5% | −39.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Anglogold Ashanti PLCCUSIP G0378L100 | September 30, 2023 | +412.0% | $36.9M |
| SUSuncor Energy Inc New | June 30, 2020 | +218.4% | $20.1M |
| Exxon Mobil CorpCUSIP 30231G102 | June 30, 2020 | +205.7% | $13.8M |
| VGTVanguard World Fd | March 31, 2023 | +148.1% | $34.0M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $1.3B |
| QQQInvesco Qqq Tr | December 31, 2020 | +134.7% | $635.9M |
| WPMWheaton Precious Metals Corp | June 30, 2024 | +114.3% | $28.0M |
| URTHIshares Inc | September 30, 2022 | +102.7% | $51.0M |
| NTRNutrien Ltd | June 30, 2020 | +96.1% | $14.2M |
| Crh PLCCUSIP G25508105 | September 30, 2023 | +95.5% | $21.8M |
Sold off last quarter
- IGVIshares Tr was $19.3M
- CTRACoterra Energy Inc was $10.7M
- FUTUFutu Hldgs Ltd was $7.9M
- ENBEnbridge Inc was $7.0M
- Xp IncCUSIP G98239109 was $3.8M
- MOATVaneck Etf Trust was $2.4M
- VTWOVanguard Scottsdale Fds was $1.6M
- Intercorp Finl Svcs IncCUSIP P5626F128 was $1.3M
- VWOVanguard Intl Equity Index F was $1.2M
- FISFidelity Natl Information Sv was $876K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.2% | +14.8% |
| March 31, 2026 | −2.3% | −4.6% |
| December 31, 2025 | +1.1% | +2.4% |
| September 30, 2025 | +7.3% | +7.8% |
| June 30, 2025 | +7.6% | +10.5% |
| March 31, 2025 | −1.6% | −4.6% |
| December 31, 2024 | −0.9% | +2.1% |
| September 30, 2024 | +4.8% | +5.4% |
| June 30, 2024 | +2.5% | +4.0% |
| March 31, 2024 | +6.8% | +10.0% |
| December 31, 2023 | +8.5% | +11.2% |
| September 30, 2023 | −2.4% | −3.6% |
| June 30, 2023 | +4.0% | +8.3% |
| March 31, 2023 | +5.5% | +7.0% |
| December 31, 2022 | +5.9% | +7.1% |
| September 30, 2022 | −4.8% | −5.3% |
| June 30, 2022 | −15.2% | −16.5% |
| March 31, 2022 | −6.2% | −4.9% |
| December 31, 2021 | +1.4% | +10.7% |
| September 30, 2021 | −6.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Barings LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=9015&type=13F-HR&dateb=&owner=include&count=40CIK 9015
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/9015/000000901526000018/Filed August 7, 2026 · accession 0000009015-26-000018