Barings Portfolio holdings
Barings is a subsidiary of the insurer MassMutual that invests in fixed income, stocks, real estate and alternative assets. Its core began as David L. Babson & Company, founded in 1940 and bought by MassMutual in 1995. Baring Asset Management, which traces back to a merchant bank the Baring brothers founded in London in 1762, was bought by MassMutual in 2004 and became a Babson subsidiary in 2016. Babson, by then Babson Capital Management, took the Barings name in September 2016, and MassMutual's real estate adviser merged into the firm that December. Its clients include pension plans, endowments, foundations, banks and insurance companies, as well as MassMutual itself.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TAM
TAMINCO CORP COM
TAM
|
+$7.55M |
| 2 |
Allegion
ALLE
|
+$6.38M |
| 3 |
Knowles
KN
|
+$6.13M |
| 4 |
CBPX
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
|
+$5.64M |
| 5 |
ROCK-TENN COMPANY CL-A
RKT
|
+$5.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$8.36M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$7.16M |
| 3 |
Bank of America
BAC
|
+$6.09M |
| 4 |
Chemed
CHE
|
+$5.88M |
| 5 |
JPMorgan Chase
JPM
|
+$5.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 35.2% |
| 2 | Industrials | 10.51% |
| 3 | Energy | 8.62% |
| 4 | Financials | 8.54% |
| 5 | Technology | 8.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $486M | 14.59% |
24,850
-2,420,150
| -99% | -$460M |
2013 Q4
2 quarters
|
|
2
iShares Russell 3000 ETF
IWV
$20.4B
| $69.8M | 2.09% |
592,489
| – | – |
2013 Q2
4 quarters
|
|
3
Apple
AAPL
$5.17T
| $42M | 1.26% |
1,805,784
-6,600
| -0.4% | -$140K |
2013 Q2
4 quarters
|
|
4
ExxonMobil
XOM
$680B
| $30.7M | 0.92% |
305,026
-23,040
| -7% | -$2.32M |
2013 Q2
4 quarters
|
|
5
BlackRock TCP Capital
TCPC
$348M
| $29.2M | 0.88% |
1,603,372
| – | – |
2013 Q2
4 quarters
|
|
6
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $28.1M | 0.84% |
599,815
+66,123
| +12% | +$2.81M |
2013 Q2
4 quarters
|
|
7
Johnson & Johnson
JNJ
$675B
| $27.2M | 0.82% |
259,640
+29,740
| +13% | +$3.01M |
2013 Q2
4 quarters
|
|
8
GE Aerospace
GE
$356B
| $27.1M | 0.81% |
214,985
+3,547
| +2% | +$451K |
2013 Q2
4 quarters
|
|
9
Microsoft
MSFT
$3.87T
| $25.7M | 0.77% |
616,496
-33,600
| -5% | -$1.36M |
2013 Q2
4 quarters
|
|
10
Graphic Packaging
GPK
$3.28B
| $23.5M | 0.71% |
2,009,736
-87,234
| -4% | -$935K |
2013 Q2
4 quarters
|
|
11
Pfizer
PFE
$168B
| $21.8M | 0.65% |
773,200
+30,777
| +4% | +$877K |
2013 Q2
4 quarters
|
|
12
PUT
iShares MSCI EAFE ETF
EFA
$77.7B
| $20.5M | 0.62% |
3,000
-564,100
| -99% | -$38.7M |
2013 Q4
2 quarters
|
|
13
Wells Fargo
WFC
$258B
| $20M | 0.6% |
380,680
-10,900
| -3% | -$548K |
2013 Q2
4 quarters
|
|
14
Chevron
CVX
$416B
| $18.9M | 0.57% |
144,626
-7,800
| -5% | -$970K |
2013 Q2
4 quarters
|
|
|
BGG
15
DELISTED
Briggs & Stratton Corp.
BGG
| $17.5M | 0.52% |
853,303
+134,281
| +19% | +$2.83M |
2013 Q3
3 quarters
|
|
|
ALR
16
DELISTED
Alere Inc
ALR
| $16.2M | 0.49% |
433,935
+106,978
| +33% | +$3.81M |
2013 Q2
4 quarters
|
|
17
Oracle
ORCL
$400B
| $16M | 0.48% |
394,445
+102,700
| +35% | +$4.23M |
2013 Q2
4 quarters
|
|
18
ConocoPhillips
COP
$163B
| $15.7M | 0.47% |
183,132
-500
| -0.3% | -$39K |
2013 Q2
4 quarters
|
|
19
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $15.1M | 0.45% |
3,500
-1,084,400
| -100% | -$46M |
2013 Q4
2 quarters
|
|
20
Berkshire Hathaway Class B
BRK.B
$1.25T
| $15M | 0.45% |
118,579
-38,120
| -24% | -$4.82M |
2013 Q2
4 quarters
|
|
21
Citigroup
C
$206B
| $15M | 0.45% |
317,832
-13,500
| -4% | -$642K |
2013 Q2
4 quarters
|
|
22
Intel
INTC
$332B
| $14.8M | 0.44% |
479,834
-70,600
| -13% | -$1.93M |
2013 Q2
4 quarters
|
|
|
AXLL
23
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $13.9M | 0.42% |
294,078
+17,728
| +6% | +$820K |
2013 Q2
4 quarters
|
|
|
24
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $13.6M | 0.41% |
256,934
+105,566
| +70% | +$5.32M |
2013 Q2
4 quarters
|
|
25
Verizon
VZ
$193B
| $13.5M | 0.41% |
276,387
-63,700
| -19% | -$3.09M |
2013 Q2
4 quarters
|
|
Similar funds
Barings's Q2 2014 Portfolio in Review
As of Q2 2014, Barings held 1,064 positions worth $3.33B, up 4.4% from $3.19B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Barings withdrew a net $436M in Q2 2014, closing 95 positions and reducing 317 holdings. Its most notable exit was HILLSHIRE BRANDS CO, an estimated $8.36M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 35% of assets, down from 39% a quarter earlier, followed by Industrials and Energy.
Against the trend, Barings opened a new position in TAMINCO CORP COM worth $8.42M.
- Barings's largest Q2 2014 buy was TAMINCO CORP COM: 361,803 shares worth $8.42M.
- Barings added most to Allegion in Q2 2014, an estimated $6.38M increase.
- Barings's biggest Q2 2014 reduction was Alphabet (Google) Class C, cutting an estimated $7.16M.
- Barings fully exited HILLSHIRE BRANDS CO in Q2 2014, selling an estimated $8.36M.
- Barings's ten largest holdings make up 26% of its $3.33B portfolio in Q2 2014.
- Barings opened 142 new positions and closed 95 in Q2 2014.
- Barings's portfolio value rose 4.4% quarter-over-quarter to $3.33B.
Based on Barings's 13F filing for Q2 2014, filed 8 Aug 2014.