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 |
Procter & Gamble
PG
|
+$85.4M |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$58M |
| 3 |
AbbVie
ABBV
|
+$5.46M |
| 4 |
Hewlett Packard
HPE
|
+$5.28M |
| 5 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$4.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$11.9M |
| 2 |
LyondellBasell Industries
LYB
|
+$10.3M |
| 3 |
Meta Platforms (Facebook)
META
|
+$8.83M |
| 4 |
Pfizer
PFE
|
+$8.63M |
| 5 |
McDonald's
MCD
|
+$8.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.5% |
| 2 | Technology | 6.68% |
| 3 | Industrials | 5.97% |
| 4 | Financials | 5.46% |
| 5 | Healthcare | 5.05% |
| 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
$802B
| $1.17B | 30.4% |
5,426,000
+200,000
| +4% | +$43.2M |
2013 Q4
11 quarters
|
|
2
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.3B
| $310M | 8.03% |
8,280,200
-2,038,500
| -20% | -$74.5M |
2013 Q4
11 quarters
|
|
|
3
PUT
iShares MSCI EAFE ETF
EFA
$76.7B
| $246M | 6.38% |
4,163,300
+360,000
| +9% | +$20.9M |
2013 Q4
11 quarters
|
|
|
4
Procter & Gamble
PG
$374B
| $94.3M | 2.44% |
1,051,072
+983,700
| +1,460% | +$85.4M |
2013 Q2
13 quarters
|
|
5
PUT
iShares Russell 2000 ETF
IWM
$74.9B
| $70.8M | 1.83% |
570,000
-130,000
| -19% | -$15.8M |
2014 Q3
8 quarters
|
|
|
6
iShares MSCI EAFE ETF
EFA
$76.7B
| $62.6M | 1.62% |
1,058,430
+1,000,000
| +1,711% | +$58M |
2013 Q2
13 quarters
|
|
7
iShares Russell 3000 ETF
IWV
$20.2B
| $60.7M | 1.57% |
473,489
-9,500
| -2% | -$1.21M |
2013 Q2
13 quarters
|
|
8
Apple
AAPL
$5.03T
| $36.9M | 0.96% |
1,305,824
+71,600
| +6% | +$1.9M |
2013 Q2
13 quarters
|
|
9
Microsoft
MSFT
$3.88T
| $31.6M | 0.82% |
548,196
+55,000
| +11% | +$3.1M |
2013 Q2
13 quarters
|
|
10
BlackRock TCP Capital
TCPC
$351M
| $26.3M | 0.68% |
1,603,372
| – | – |
2013 Q2
13 quarters
|
|
11
Johnson & Johnson
JNJ
$658B
| $24.4M | 0.63% |
206,921
-37,810
| -15% | -$4.59M |
2013 Q2
13 quarters
|
|
12
GE Aerospace
GE
$313B
| $23.4M | 0.61% |
165,169
+10,537
| +7% | +$1.57M |
2013 Q2
13 quarters
|
|
13
ExxonMobil
XOM
$764B
| $19.1M | 0.5% |
219,236
-73,600
| -25% | -$6.53M |
2013 Q2
13 quarters
|
|
14
Amazon
AMZN
$2.6T
| $16.9M | 0.44% |
402,740
-39,800
| -9% | -$1.52M |
2013 Q2
13 quarters
|
|
15
Intel
INTC
$350B
| $16.6M | 0.43% |
438,634
-68,800
| -14% | -$2.44M |
2013 Q2
13 quarters
|
|
16
Alphabet (Google) Class A
GOOGL
$3.44T
| $15.7M | 0.41% |
389,860
-44,600
| -10% | -$1.74M |
2015 Q4
3 quarters
|
|
|
AEUA
17
DELISTED
Anadarko Petroleum Corporation
AEUA
| $15M | 0.39% |
360,000
| – | – |
2015 Q2
5 quarters
|
|
18
Citigroup
C
$203B
| $13.5M | 0.35% |
284,921
+37,900
| +15% | +$1.72M |
2013 Q2
13 quarters
|
|
19
JPMorgan Chase
JPM
$895B
| $13.4M | 0.35% |
200,714
-20,400
| -9% | -$1.33M |
2013 Q2
13 quarters
|
|
20
Alphabet (Google) Class C
GOOG
$3.42T
| $12.4M | 0.32% |
320,320
-27,400
| -8% | -$1.04M |
2013 Q2
13 quarters
|
|
|
21
Home Depot
HD
$328B
| $12.4M | 0.32% |
96,167
-89,580
| -48% | -$11.9M |
2013 Q2
13 quarters
|
|
|
AGN.PRA
22
DELISTED
Allergan plc
AGN.PRA
| $11.9M | 0.31% |
14,500
| – | – |
2016 Q1
2 quarters
|
|
|
23
Meta Platforms (Facebook)
META
$1.6T
| $11.8M | 0.31% |
92,180
-71,150
| -44% | -$8.83M |
2013 Q3
12 quarters
|
|
|
24
AbbVie
ABBV
$521B
| $11.7M | 0.3% |
186,109
+84,400
| +83% | +$5.46M |
2013 Q2
13 quarters
|
|
|
OKS
25
DELISTED
Oneok Partners LP
OKS
| $11.2M | 0.29% |
279,925
+21,900
| +8% | +$875K |
2013 Q2
13 quarters
|
|
Similar funds
Barings's Q3 2016 Portfolio in Review
As of Q3 2016, Barings held 978 positions worth $3.86B, down 0.45% from $3.88B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Barings withdrew a net $192M in Q3 2016, closing 185 positions and reducing 281 holdings. Its most notable exit was Gaming and Leisure Properties, an estimated $5.95M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 57% of assets, up from 53% a quarter earlier, followed by Technology and Industrials.
Against the trend, Barings opened a new position in Trinseo worth $3.89M.
- Barings's largest Q3 2016 buy was Trinseo: 68,736 shares worth $3.89M.
- Barings added most to Procter & Gamble in Q3 2016, an estimated $85.4M increase.
- Barings's biggest Q3 2016 reduction was Home Depot, cutting an estimated $11.9M.
- Barings fully exited Gaming and Leisure Properties in Q3 2016, selling an estimated $5.95M.
- Barings's ten largest holdings make up 55% of its $3.86B portfolio in Q3 2016.
- Barings opened 77 new positions and closed 185 in Q3 2016.
- Barings's portfolio value fell 0.45% quarter-over-quarter to $3.86B.
Based on Barings's 13F filing for Q3 2016, filed 14 Nov 2016.