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 |
Prologis
PLD
|
+$96M |
| 2 |
Simon Property Group
SPG
|
+$70M |
| 3 |
Welltower
WELL
|
+$57.2M |
| 4 |
Vivmark Residential
VMRK
|
+$56.6M |
| 5 |
Extra Space Storage
EXR
|
+$54.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$35.5M |
| 2 |
NetEase
NTES
|
+$30.6M |
| 3 |
SLB Ltd
SLB
|
+$24.4M |
| 4 |
Halliburton
HAL
|
+$18.1M |
| 5 |
Avery Dennison
AVY
|
+$17.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 41.3% |
| 2 | Technology | 8.95% |
| 3 | Financials | 8.85% |
| 4 | Miscellaneous | 8.17% |
| 5 | Industrials | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Prologis
PLD
$122B
| $122M | 3.52% |
2,073,843
+1,724,896
| +494% | +$96M |
2017 Q1
1 quarter
|
|
|
2
Simon Property Group
SPG
$70.5B
| $87.6M | 2.54% |
541,597
+430,047
| +386% | +$70M |
2017 Q1
1 quarter
|
|
|
3
Welltower
WELL
$172B
| $74.1M | 2.15% |
990,489
+782,399
| +376% | +$57.2M |
2017 Q1
1 quarter
|
|
|
4
Extra Space Storage
EXR
$31.6B
| $70.3M | 2.04% |
900,968
+709,664
| +371% | +$54.4M |
2017 Q1
1 quarter
|
|
|
5
Vivmark Residential
VMRK
$47.9B
| $69.6M | 2.02% |
1,056,901
+865,439
| +452% | +$56.6M |
2017 Q1
1 quarter
|
|
6
iShares Russell 3000 ETF
IWV
$20.2B
| $68.2M | 1.98% |
473,489
| – | – |
2013 Q2
16 quarters
|
|
7
DELISTED
AvalonBay Communities
AVB
| $66M | 1.91% |
343,384
+255,883
| +292% | +$48.9M |
2017 Q1
1 quarter
|
|
8
Boston Properties
BXP
$10B
| $59.3M | 1.72% |
482,357
+366,141
| +315% | +$46.3M |
2017 Q1
1 quarter
|
|
9
Kilroy Realty
KRC
$4.2B
| $57.4M | 1.66% |
763,135
+611,375
| +403% | +$45M |
2017 Q1
1 quarter
|
|
10
Regency Centers
REG
$13.7B
| $53.1M | 1.54% |
847,555
+618,442
| +270% | +$39.1M |
2017 Q1
1 quarter
|
|
|
SFR
11
DELISTED
Starwood Waypoint Homes
SFR
| $51M | 1.48% |
1,485,630
+1,170,653
| +372% | +$40.3M |
2017 Q1
1 quarter
|
|
12
Digital Realty Trust
DLR
$67B
| $50.1M | 1.45% |
443,247
+353,680
| +395% | +$40.5M |
2017 Q1
1 quarter
|
|
13
Mid-America Apartment Communities
MAA
$13.6B
| $48.4M | 1.4% |
458,918
+352,936
| +333% | +$36.3M |
2017 Q1
1 quarter
|
|
14
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $45.9M | 1.33% |
2,280,916
+1,729,096
| +313% | +$35.1M |
2017 Q1
1 quarter
|
|
|
DRE
15
DELISTED
Duke Realty Corp.
DRE
| $41.4M | 1.2% |
1,480,107
+1,118,833
| +310% | +$31.4M |
2017 Q1
1 quarter
|
|
16
Equinix
EQIX
$100B
| $40.6M | 1.18% |
+94,544
| New | +$40.1M |
2017 Q2
0 quarters
|
|
17
Apple
AAPL
$5.03T
| $40.1M | 1.16% |
1,114,984
-229,400
| -17% | -$8.48M |
2013 Q2
16 quarters
|
|
18
The GEO Group
GEO
$3.75B
| $36.7M | 1.06% |
1,241,094
+1,036,227
| +506% | +$32.6M |
2017 Q1
1 quarter
|
|
19
American Homes 4 Rent
AMH
$11.4B
| $36.2M | 1.05% |
1,603,260
+1,279,685
| +395% | +$29.1M |
2017 Q1
1 quarter
|
|
20
Microsoft
MSFT
$3.88T
| $35.9M | 1.04% |
520,896
-14,685
| -3% | -$1.01M |
2013 Q2
16 quarters
|
|
21
Acadia Realty Trust
AKR
$2.61B
| $35.7M | 1.03% |
1,283,076
+994,880
| +345% | +$28.6M |
2017 Q1
1 quarter
|
|
22
Hilton Worldwide
HLT
$79.4B
| $33M | 0.96% |
534,000
+395,207
| +285% | +$24.6M |
2017 Q1
1 quarter
|
|
23
Macerich
MAC
$6.9B
| $31.4M | 0.91% |
540,924
+350,685
| +184% | +$21.3M |
2017 Q1
1 quarter
|
|
|
PGRE
24
DELISTED
Paramount Group
PGRE
| $30.6M | 0.89% |
1,914,579
+1,509,693
| +373% | +$24.5M |
2017 Q1
1 quarter
|
|
25
Ventas
VTR
$44.8B
| $30.4M | 0.88% |
437,083
+260,572
| +148% | +$17.3M |
2017 Q1
1 quarter
|
|
Similar funds
Barings's Q2 2017 Portfolio in Review
As of Q2 2017, Barings held 1,010 positions worth $3.45B, down 31% from $4.97B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Barings deployed $503M of net new capital in Q2 2017, opening 100 new positions and adding to 218 existing holdings. Its largest new stake was Equinix: 94,544 shares worth $40.6M.
By sector, the portfolio is most concentrated in Real Estate at 41% of assets, up from 5.8% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Suncor Energy, an estimated $35.5M trimmed.
- Barings's largest Q2 2017 buy was Equinix: 94,544 shares worth $40.6M.
- Barings added most to Prologis in Q2 2017, an estimated $96M increase.
- Barings's biggest Q2 2017 reduction was Suncor Energy, cutting an estimated $35.5M.
- Barings fully exited NetEase in Q2 2017, selling an estimated $30.6M.
- Barings's ten largest holdings make up 21% of its $3.45B portfolio in Q2 2017.
- Barings opened 100 new positions and closed 168 in Q2 2017.
- Barings's portfolio value fell 31% quarter-over-quarter to $3.45B.
Based on Barings's 13F filing for Q2 2017, filed 14 Aug 2017.