Barings BDC, Inc.
US ˙ NYSE ˙ US06759L1035

SecurityBBDC / Barings BDC, Inc.
InstitutionBrown Advisory Inc
Latest Disclosed Ownership2,298,397 shares
Ownership 4.57%
Brown Advisory Inc ownership in BBDC / Barings BDC, Inc.

2019-09-10 - Brown Advisory Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,298,397 shares of Barings BDC, Inc. (US:BBDC). This represents 4.57 percent ownership of the company. In their previous filing dated 2019-05-10 , Brown Advisory Inc had reported owning 2,570,408 shares, indicating a decrease of -10.58 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2019-09-10 2019-09-10 13G/A 2,570,408 2,298,397 -10.58 4.57 -8.78
2019-05-10 2019-05-10 13G 2,570,408 5.01

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 109 -10.74 0.0001
2026-02-13 2025-12-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 121 5.22 0.0002
2025-11-14 2025-09-30 13F BARINGS BDC COM 06759L103 13,200 0 0.00 116 -4.17 0.0002
2025-08-13 2025-06-30 13F BARINGS BDC COM 06759L103 13,200 0 0.00 121 -4.00 0.0002
2025-04-30 2025-03-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 126 -0.79 0.0002
2025-02-14 2024-12-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 126 -2.33 0.0002
2024-11-13 2024-09-30 13F BARINGS BDC COM 06759L103 13,200 0 0.00 129 0.78 0.0002
2024-08-14 2024-06-30 13F BARINGS BDC COM 06759L103 13,200 0 0.00 128 4.92 0.0002
2024-04-24 2024-03-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 123 7.96 0.0002
2024-02-08 2023-12-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 113 -3.42 0.0002
2023-10-25 2023-09-30 13F BARINGS BDC COM 06759L103 13,200 0 0.00 118 13.59 0.0002
2023-07-31 2023-06-30 13F BARINGS BDC COM 06759L103 13,200 0 0.00 103 -0.96 0.0002
2023-05-08 2023-03-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 105 -2.80 0.0002
2023-02-13 2022-12-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 108 -1.83 0.0002
2022-11-14 2022-09-30 13F BARINGS BDC COM 06759L103 13,200 -34 -0.26 109 -11.38 0.0002
2022-11-14 2022-06-30 13F/A-2 BARINGS BDC COM 06759L103 13,234 0 0.00 123 -10.22 0.0002
2022-09-13 2022-06-30 13F/A-1 BARINGS BDC COM 06759L103 13,234 0 123 0.0002
2022-08-02 2022-06-30 13F BARINGS BDC COM 06759L103 13,234 0 123 0.0001
2022-11-14 2022-03-31 13F/A-2 BARINGS BDC COM 06759L103 13,234 34 0.26 137 -5.52 0.0002
2022-09-13 2022-03-31 13F/A-1 BARINGS BDC COM 06759L103 13,234 34 137 0.0002
2022-05-09 2022-03-31 13F BARINGS BDC COM 06759L103 13,234 34 137 0.0002
2022-01-27 2021-12-31 13F BARINGS BDC COM 06759L103 13,200 0 0.00 145 0.00 0.0002
2021-11-12 2021-09-30 13F BARINGS BDC COM 06759L103 13,200 -1,148 -8.00 145 -4.61 0.0002
2021-07-29 2021-06-30 13F BARINGS BDC COM 06759L103 14,348 -2 -0.01 152 6.29 0.0002
2021-05-14 2021-03-31 13F BARINGS BDC COM 06759L103 14,350 0 0.00 143 8.33 0.0002
2021-02-12 2020-12-31 13F BARINGS BDC COM 06759L103 14,350 -4,787 -25.01 132 -13.73 0.0002
2020-11-16 2020-09-30 13F BARINGS BDC COM 06759L103 19,137 0 0.00 153 0.66 0.0003
2020-08-14 2020-06-30 13F BARINGS BDC COM 06759L103 19,137 -2,249,357 -99.16 152 -99.10 0.0004
2020-05-15 2020-03-31 13F BARINGS BDC COM 06759L103 2,268,494 -27,826 -1.21 16,969 -28.12 0.0520
2020-02-14 2019-12-31 13F BARINGS BDC COM 06759L103 2,296,320 24,381 1.07 23,606 2.37 0.0599
2019-11-14 2019-09-30 13F BARINGS BDC COM 06759L103 2,271,939 -315,346 -12.19 23,060 -9.42 0.0647
2019-08-12 2019-06-30 13F BARINGS BDC COM 06759L103 2,587,285 355,900 15.95 25,459 16.30 0.0728
2019-05-15 2019-03-31 13F BARINGS BDC COM 06759L103 2,231,385 378,239 20.41 21,890 31.09 0.0621
2019-02-13 2018-12-31 13F BARINGS BDC COM 06759L103 1,853,146 -157,759 -7.85 16,698 -17.05 0.0561
2018-11-13 2018-09-30 13F BARINGS BDC COM 06759L103 2,010,905 828,970 70.14 20,129 48.09 0.0573
2018-08-10 2018-06-30 13F TRIANGLE CAP COM 895848109 1,181,935 1,171,104 10,812.52 13,592 11,226.67 0.0418
2018-06-28 2018-03-31 13F/A-1 TRIANGLE CAP COM 895848109 10,831 10,831 120 0.0004
2016-05-13 2016-03-31 13F TRIANGLE CAP COM 895848109 0 0 0 0.0000
2016-02-08 2015-12-31 13F TRIANGLE CAP COM 895848109 0 -34,458 -100.00 0 -100.00
2015-11-13 2015-09-30 13F TRIANGLE CAP COM 895848109 34,458 34,458 0.00 568 0.0020
2015-02-09 2014-12-31 13F TRIANGLE CAP COM 895848109 0 -15,129 -100.00 0 -100.00
2014-11-10 2014-09-30 13F TRIANGLE CAP COM 895848109 15,129 0 0.00 383 -10.72 0.0012
2014-08-08 2014-06-30 13F TRIANGLE CAP COM 895848109 15,129 0 0.00 429 9.72 0.0013
2014-05-13 2014-03-31 13F TRIANGLE CAP COM 895848109 15,129 545 3.74 391 -2.98 0.0012
2014-02-11 2013-12-31 13F TRIANGLE CAP COM 895848109 14,584 -1,200 -7.60 403 -12.96 0.0013
2013-11-08 2013-09-30 13F TRIANGLE CAP COM 895848109 15,784 2,284 16.92 463 24.80 0.0017
2013-08-13 2013-06-30 13F TRIANGLE CAP COM 895848109 13,500 13,500 371 0.0015
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.