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 |
Telefônica Brasil
VIV
|
+$13.4M |
| 2 |
CSX Corp
CSX
|
+$9.08M |
| 3 |
Procter & Gamble
PG
|
+$5.19M |
| 4 |
Coca-Cola
KO
|
+$4.3M |
| 5 |
Wells Fargo
WFC
|
+$4.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$8.54M |
| 2 |
Union Pacific
UNP
|
+$6.71M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$6.52M |
| 4 |
Tyson Foods
TSN
|
+$4.58M |
| 5 |
Pfizer
PFE
|
+$4.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.15% |
| 2 | Financials | 6.62% |
| 3 | Technology | 6.46% |
| 4 | Industrials | 6.03% |
| 5 | Energy | 4.84% |
| 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
| $1.21B | 30.38% |
5,426,000
| – | – |
2013 Q4
12 quarters
|
|
2
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $301M | 7.54% |
8,597,600
+317,400
| +4% | +$11.4M |
2013 Q4
12 quarters
|
|
3
PUT
iShares MSCI EAFE ETF
EFA
$77.7B
| $255M | 6.38% |
4,413,300
+250,000
| +6% | +$14.4M |
2013 Q4
12 quarters
|
|
4
PUT
iShares Russell 2000 ETF
IWM
$78.6B
| $100M | 2.5% |
740,000
+170,000
| +30% | +$21.7M |
2014 Q3
9 quarters
|
|
|
5
Procter & Gamble
PG
$389B
| $93.5M | 2.34% |
1,111,972
+60,900
| +6% | +$5.19M |
2013 Q2
14 quarters
|
|
6
iShares Russell 3000 ETF
IWV
$20.4B
| $63M | 1.58% |
473,489
| – | – |
2013 Q2
14 quarters
|
|
|
7
iShares MSCI EAFE ETF
EFA
$77.7B
| $61.1M | 1.53% |
1,058,430
| – | – |
2013 Q2
14 quarters
|
|
8
Apple
AAPL
$5.17T
| $37.7M | 0.94% |
1,301,144
-4,680
| -0.4% | -$133K |
2013 Q2
14 quarters
|
|
9
Microsoft
MSFT
$3.87T
| $29.6M | 0.74% |
476,096
-72,100
| -13% | -$4.34M |
2013 Q2
14 quarters
|
|
10
BlackRock TCP Capital
TCPC
$348M
| $27.1M | 0.68% |
1,603,372
| – | – |
2013 Q2
14 quarters
|
|
11
Johnson & Johnson
JNJ
$675B
| $21.1M | 0.53% |
182,971
-23,950
| -12% | -$2.77M |
2013 Q2
14 quarters
|
|
12
JPMorgan Chase
JPM
$912B
| $18.5M | 0.46% |
214,014
+13,300
| +7% | +$1.01M |
2013 Q2
14 quarters
|
|
13
Citigroup
C
$206B
| $18.4M | 0.46% |
309,321
+24,400
| +9% | +$1.32M |
2013 Q2
14 quarters
|
|
14
ExxonMobil
XOM
$680B
| $18.2M | 0.46% |
201,236
-18,000
| -8% | -$1.57M |
2013 Q2
14 quarters
|
|
|
15
GE Aerospace
GE
$356B
| $16.1M | 0.4% |
106,368
-58,801
| -36% | -$8.54M |
2013 Q2
14 quarters
|
|
16
Alphabet (Google) Class A
GOOGL
$3.61T
| $15.4M | 0.39% |
389,860
| – | – |
2015 Q4
4 quarters
|
|
|
AEUA
17
DELISTED
Anadarko Petroleum Corporation
AEUA
| $15M | 0.38% |
360,000
| – | – |
2015 Q2
6 quarters
|
|
18
Amazon
AMZN
$2.88T
| $14.3M | 0.36% |
381,340
-21,400
| -5% | -$839K |
2013 Q2
14 quarters
|
|
19
Intel
INTC
$332B
| $14.1M | 0.35% |
389,334
-49,300
| -11% | -$1.77M |
2013 Q2
14 quarters
|
|
20
Bank of America
BAC
$350B
| $13.8M | 0.35% |
624,813
+58,500
| +10% | +$1.13M |
2013 Q2
14 quarters
|
|
21
UnitedHealth
UNH
$361B
| $13.8M | 0.34% |
86,055
+14,200
| +20% | +$2.12M |
2013 Q2
14 quarters
|
|
|
22
Telefônica Brasil
VIV
$19.6B
| $13.4M | 0.34% |
+1,000,000
| New | +$13.4M |
2016 Q4
0 quarters
|
|
|
OKS
23
DELISTED
Oneok Partners LP
OKS
| $12M | 0.3% |
279,925
| – | – |
2013 Q2
14 quarters
|
|
|
24
Wells Fargo
WFC
$258B
| $12M | 0.3% |
217,233
+83,843
| +63% | +$4.22M |
2013 Q2
14 quarters
|
|
25
Chevron
CVX
$416B
| $11.7M | 0.29% |
99,185
+8,690
| +10% | +$946K |
2013 Q2
14 quarters
|
|
Similar funds
Barings's Q4 2016 Portfolio in Review
As of Q4 2016, Barings held 922 positions worth $3.99B, up 3.4% from $3.86B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Barings's Q4 2016 filing shows 129 new, 172 increased, 201 reduced and 47 closed positions. Its largest new stake was Telefônica Brasil: 1,000,000 shares worth $13.4M. The largest sale was GE Aerospace, an estimated $8.54M.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, down from 57% a quarter earlier, followed by Financials and Technology.
- Barings's largest Q4 2016 buy was Telefônica Brasil: 1,000,000 shares worth $13.4M.
- Barings added most to Procter & Gamble in Q4 2016, an estimated $5.19M increase.
- Barings's biggest Q4 2016 reduction was GE Aerospace, cutting an estimated $8.54M.
- Barings fully exited LCI Industries in Q4 2016, selling an estimated $3.41M.
- Barings's ten largest holdings make up 55% of its $3.99B portfolio in Q4 2016.
- Barings opened 129 new positions and closed 47 in Q4 2016.
- Barings's portfolio value rose 3.4% quarter-over-quarter to $3.99B.
Based on Barings's 13F filing for Q4 2016, filed 15 Feb 2017.