Ranked by reported Q1 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 | $112.3M | 0.0% | 13.026% | 1.81% |
| 2 | PRIVATE MANAGEMENT GROUP INC | 4.3M | $35.4M | +14.2% | 4.107% | 1.02% |
| 3 | ARES MANAGEMENT LLC | 3.6M | $29.9M | +1.1% | 3.467% | 1.97% |
| 4 | Cresset Asset Management, LLC | 2.3M | $19.1M | +18.9% | 2.220% | 0.09% |
| 5 | UBS Group AG | 1.6M | $13.0M | +6.0% | 1.512% | 0.00% |
| 6 | Diameter Capital Partners LP | 1.5M | $12.1M | +52.3% | 1.406% | 3.46% |
| 7 | MORGAN STANLEY | 998K | $8.2M | +10.9% | 0.953% | 0.00% |
| 8 | DIMENSION CAPITAL MANAGEMENT LLC | 985K | $8.1M | +29.8% | 0.941% | 1.14% |
| 9 | TWO SIGMA INVESTMENTS, LP | 979K | $8.1M | +33.6% | 0.935% | 0.01% |
| 10 | FRANKLIN RESOURCES INC | 971K | $8.0M | +10.2% | 0.927% | 0.00% |
| 11 | Focus Partners Wealth | 955K | $7.9M | -4.8% | 0.912% | 0.01% |
| 12 | WELLS FARGO & COMPANY/MN | 925K | $7.6M | +5.2% | 0.884% | 0.00% |
| 13 | Legal & General Group Plc | 851K | $7.0M | +13.4% | 0.813% | 0.00% |
| 14 | Russell Investments Group, Ltd. | 848K | $7.0M | +181.2% | 0.810% | 0.01% |
| 15 | Muzinich & Co., Inc. | 700K | $5.8M | +0.2% | 0.669% | 2.02% |
| 16 | RAYMOND JAMES FINANCIAL INC | 617K | $5.1M | -5.3% | 0.589% | 0.00% |
| 17 | Sumitomo Mitsui Trust Holdings, Inc. | 577K | $4.8M | 0.0% | 0.551% | 0.00% |
| 18 | BlackRock, Inc. | 494K | $4.1M | -41.8% | 0.471% | 0.00% |
| 19 | BANK OF AMERICA CORP /DE/ | 448K | $3.7M | -15.0% | 0.427% | 0.00% |
| 20 | Bulldog Investors, LLP | 335K | $2.8M | +5.5% | 0.320% | 0.62% |
| 21 | D. E. Shaw & Co., Inc. | 306K | $2.5M | — | 0.292% | 0.00% |
| 22 | LPL Financial LLC | 300K | $2.5M | +7.3% | 0.286% | 0.00% |
| 23 | ADVISOR GROUP HOLDINGS, INC. | 280K | $2.3M | -7.0% | 0.267% | 0.00% |
| 24 | GraniteShares Advisors LLC | 268K | $2.2M | -10.3% | 0.256% | 1.59% |
| 25 | Callodine Capital Management, LP | 260K | $2.1M | -27.1% | 0.248% | 0.15% |
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 Q1 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 203 | 4.7% | 41.30% | 4.25 pp | $363M | 9.3% |
| Q4 2025 | 213 | +4.4% | 45.55% | +1.98 pp | $400M | +4.6% |
| Q3 2025 | 204 | +6.8% | 43.57% | +1.36 pp | $383M | +3.2% |
| Q2 2025 | 191 | 7.3% | 42.21% | 1.40 pp | $371M | 3.2% |
| Q1 2025 | 206 | +7.3% | 43.61% | +0.51 pp | $383M | +1.2% |
| Q4 2024 | 192 | +0.0% | 43.10% | +0.17 pp | $379M | +0.4% |
| Q3 2024 | 192 | +3.2% | 42.93% | 5.16 pp | $377M | 11% |
| Q2 2024 | 186 | — | 48.09% | — | $422M | — |
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 Q1 2026 13F filings, institutional ownership of Barings BDC, Inc. stands at 41.3%, held across 203 reporting institutions.
BARINGS LLC is the largest reported institutional holder of BBDC, with approximately 13,639,681 shares worth $0.11B as of Q1 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 33 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
30 institutions opened new positions in BBDC during Q1 2026, while 40 fully exited. 30 added to existing positions and 142 trimmed.
BBDC institutional ownership fell by 4.25 percentage points quarter-over-quarter, with a net change of -10 holders.
The top 10 institutions account for 70.1% of all reported 13F value in BBDC, and the top 25 account for 88.6%.
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