Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in BBDC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BARINGS LLC | 13.6M | $116.2M | 0.0% | 13.026% | 2.06% |
| 2 | PRIVATE MANAGEMENT GROUP INC | 4.8M | $40.7M | +11.2% | 4.565% | 1.07% |
| 3 | ARES MANAGEMENT LLC | 4.2M | $35.5M | +14.7% | 3.977% | 1.55% |
| 4 | Cresset Asset Management, LLC | 2.5M | $21.7M | +9.5% | 2.431% | 0.08% |
| 5 | VAN ECK ASSOCIATES CORP | 2.3M | $19.7M | +26.6% | 2.206% | 0.01% |
| 6 | UBS Group AG | 2.1M | $17.9M | +33.0% | 2.011% | 0.00% |
| 7 | FRANKLIN RESOURCES INC | 1.4M | $11.6M | +40.7% | 1.304% | 0.00% |
| 8 | Russell Investments Group, Ltd. | 1.2M | $10.5M | +45.6% | 1.179% | 0.01% |
| 9 | TWO SIGMA INVESTMENTS, LP | 1.1M | $9.6M | +15.4% | 1.079% | 0.01% |
| 10 | DIMENSION CAPITAL MANAGEMENT LLC | 1.0M | $8.7M | +3.6% | 0.975% | 1.02% |
| 11 | MORGAN STANLEY | 961K | $8.2M | -3.7% | 0.917% | 0.00% |
| 12 | Focus Partners Wealth | 908K | $7.7M | -5.0% | 0.867% | 0.01% |
| 13 | Legal & General Group Plc | 880K | $7.5M | +3.4% | 0.840% | 0.00% |
| 14 | WELLS FARGO & COMPANY/MN | 761K | $6.5M | -17.8% | 0.726% | 0.00% |
| 15 | Muzinich & Co., Inc. | 715K | $6.1M | +2.1% | 0.683% | 2.08% |
| 16 | BANK OF AMERICA CORP /DE/ | 691K | $5.9M | +54.3% | 0.660% | 0.00% |
| 17 | RAYMOND JAMES FINANCIAL INC | 683K | $5.8M | +10.7% | 0.652% | 0.00% |
| 18 | Sumitomo Mitsui Trust Group, Inc. | 577K | $4.9M | 0.0% | 0.551% | 0.00% |
| 19 | BlackRock, Inc. | 509K | $4.3M | +3.1% | 0.486% | 0.00% |
| 20 | GCM Grosvenor Holdings, LLC | 475K | $4.0M | — | 0.454% | 0.17% |
| 21 | Bulldog Investors, LLP | 336K | $2.9M | +0.4% | 0.321% | 0.63% |
| 22 | GraniteShares Advisors LLC | 308K | $2.6M | +15.1% | 0.295% | 1.69% |
| 23 | LPL Financial LLC | 294K | $2.5M | -2.0% | 0.281% | 0.00% |
| 24 | OSAIC HOLDINGS, INC. | 293K | $2.5M | +4.8% | 0.280% | 0.00% |
| 25 | Callodine Capital Management, LP | 290K | $2.5M | +11.5% | 0.277% | 0.16% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BBDC — a direct measure of their conviction.
Filings activity in BBDC during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new BBDC position in Q2 2026
Institutions that fully closed their BBDC position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 200 | 3.4% | 47.19% | +2.55 pp | $413M | +14% |
| Q1 2026 | 207 | 3.7% | 44.64% | 0.23 pp | $363M | 9.7% |
| Q4 2025 | 215 | +4.4% | 44.87% | +2.21 pp | $402M | +5.0% |
| Q3 2025 | 206 | +7.9% | 42.66% | +4.08 pp | $383M | +3.3% |
| Q2 2025 | 191 | 7.3% | 38.58% | 2.73 pp | $371M | 3.2% |
| Q1 2025 | 206 | +7.3% | 41.31% | 0.51 pp | $383M | +1.2% |
| Q4 2024 | 192 | +0.0% | 41.82% | +1.34 pp | $379M | +0.4% |
| Q3 2024 | 192 | — | 40.48% | — | $377M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying BBDC stock.
Based on Q2 2026 13F filings, institutional ownership of Barings BDC, Inc. stands at 47.2%, held across 200 reporting institutions.
BARINGS LLC is the largest reported institutional holder of BBDC, with approximately 13,639,681 shares worth $0.12B as of Q2 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of BBDC, including TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for BBDC is 54 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
25 institutions opened new positions in BBDC during Q2 2026, while 29 fully exited. 124 added to existing positions and 48 trimmed.
BBDC institutional ownership rose by 2.55 percentage points quarter-over-quarter, with a net change of -7 holders.
The top 10 institutions account for 70.8% of all reported 13F value in BBDC, and the top 25 account for 88.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Barings BDC, Inc. (BBDC) Institutional Ownership