BBDCNYSEFiscal year ends December 31
Barings BDC, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$8.32−0.12 (-1.42%)
Close on Oct 19, 2026
- Market cap
- $871.16M
- P/E (TTM)
- 7.4
- Dividend yield
- 14.30%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
48.2%
51M of 105M shares
Institutional holders
203
27 new, 30 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
2 buys · 1 sales
Net bought $92.42K
Shares held by institutions
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BBDC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Barings LLC | 13,639,681 | 13.03% | $116.21M | – | 2.06% |
| Private Management Group Inc | 4,779,724 | 4.56% | $40.72M | +479,536 | 1.07% |
| Ares Management LLC | 4,164,327 | 3.98% | $35.48M | +534,151 | 1.55% |
| Cresset Asset Management, LLC | 2,545,273 | 2.43% | $21.69M | +220,943 | 0.08% |
| Van Eck Associates Corp | 2,309,564 | 2.21% | $19.68M | +484,649 | 0.01% |
| UBS Group AG | 2,105,638 | 2.01% | $17.94M | +522,846 | 0.00% |
| Franklin Resources Inc | 1,365,788 | 1.30% | $11.64M | +395,024 | 0.00% |
| Russell Investments Group, Ltd. | 1,234,512 | 1.18% | $10.52M | +386,738 | 0.01% |
| Two Sigma Investments, LP | 1,129,980 | 1.08% | $9.63M | +150,647 | 0.01% |
| Dimension Capital Management LLC | 1,020,581 | 0.97% | $8.70M | +35,419 | 1.02% |
| Morgan Stanley | 960,577 | 0.92% | $8.18M | −37,239 | 0.00% |
| Focus Partners Wealth | 907,615 | 0.87% | $7.73M | −47,568 | 0.01% |
| Legal & General Group Plc | 879,822 | 0.84% | $7.48M | +28,845 | 0.00% |
| Wells Fargo & Company/Mn | 760,559 | 0.73% | $6.48M | −164,863 | 0.00% |
| Muzinich & Co., Inc. | 714,955 | 0.68% | $6.09M | +14,496 | 2.08% |
| Bank Of America Corp /De/ | 690,777 | 0.66% | $5.89M | +243,150 | 0.00% |
| Raymond James Financial Inc | 682,818 | 0.65% | $5.82M | +66,062 | 0.00% |
| Sumitomo Mitsui Trust Holdings, Inc. | 577,412 | 0.55% | $4.92M | – | 0.00% |
| BlackRock, Inc. | 509,220 | 0.49% | $4.34M | +15,506 | 0.00% |
| Thrivent Financial for Lutherans | 475,834 | 0.45% | $4.05K | +326,935 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 203 | 51M | 48.2% | 27 / 74 | 58 / 30 | 6M | 3M |
| Q1 2026 | 211 | 48M | 45.6% | 31 / 68 | 62 / 35 | 5M | 5M |
| Q4 2025 | 218 | 48M | 45.7% | 41 / 58 | 67 / 32 | 7M | 5M |
| Q3 2025 | 210 | 46M | 43.9% | 33 / 78 | 50 / 17 | 3M | 2M |
| Q2 2025 | 196 | 45M | 43.2% | 25 / 77 | 57 / 38 | 3M | 3M |
| Q1 2025 | 211 | 45M | 42.6% | 36 / 72 | 57 / 20 | 4M | 4M |
| Q4 2024 | 198 | 45M | 43.0% | 27 / 67 | 54 / 25 | 5M | 3M |
| Q3 2024 | 199 | 44M | 42.1% | 30 / 56 | 61 / 18 | 4M | 3M |
| Q2 2024 | 191 | 44M | 41.7% | 26 / 63 | 55 / 31 | 2M | 7M |
| Q1 2024 | 199 | 48M | 45.9% | 30 / 56 | 64 / 29 | 3M | 3M |
| Q4 2023 | 203 | 48M | 46.1% | 30 / 59 | 68 / 32 | 3M | 4M |
| Q3 2023 | 209 | 49M | 46.8% | 25 / 76 | 53 / 26 | 3M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BBDC | Value | % of fund | As of |
|---|---|---|---|---|---|
| VanEck BDC Income ETF | 1,842,241 | 1.76% | $15.70M | 0.96% | Jun 30, 2026 |
| Putnam BDC Income ETF | 1,411,762 | 1.35% | $11.65M | 4.11% | Jul 31, 2026 |
| GraniteShares HIPS U.S. High Income ETF | 308,352 | 0.29% | $2.63M | 2.39% | Jun 30, 2026 |
| FT Confluence BDC & Specialty Finance Income ETF | 201,684 | 0.19% | $1.75M | 5.09% | May 31, 2026 |
| Mercer Opportunistic Fixed Income Fund | 151,455 | 0.14% | $1.29M | 0.06% | Jun 30, 2026 |
| Novatide Flexible Allocation ETF | 60,415 | 0.06% | $523.19K | 2.42% | May 31, 2026 |
| Virtus Private Credit Strategy ETF | 46,262 | 0.04% | $381.66K | 1.26% | Jul 31, 2026 |
| ProShares Global Listed Private Equity ETF | 17,499 | 0.02% | $151.54K | 1.36% | May 31, 2026 |
| WHITEWOLF Publicly Listed Private Equity ETF | 7,237 | 0.01% | $59.71K | 0.85% | Jul 31, 2026 |
| Blackstone Alternative Multi-Strategy Fund | 701 | 0.00% | $5.97K | 0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Eric J. Lloyd | CEO, Director | 66,469 | 0.06% | May 20, 2025 |
| Thomas McDonnell | Chief Executive Officer | 26,000 | 0.02% | Jun 5, 2026 |
| Daniel Verwholt | Vice President | – | – | Nov 12, 2025 |
| Elizabeth A. Murray | CFO and COO and PAO | 25,387 | 0.02% | Jun 9, 2025 |
| Matthew Freund | President | 20,000 | 0.02% | May 22, 2025 |
| Rosa Epperson | Chief Accounting Officer | – | – | May 16, 2025 |
| Stephen R. Byers | Director | 64,572 | 0.06% | Dec 10, 2025 |
| Paul LaPiana | – | – | – | Jan 21, 2025 |
| Mary Jane Fortin | – | – | – | Jan 13, 2025 |
| Michael James O'Connor | – | 0 | – | Dec 13, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Thomas McDonnell Chief Executive Officer | Jun 3, 2026 | Buy | +10,000 | $8.27 | $82.70K | 26,000 |
| Stephen R. Byers Director | Dec 9, 2025 | Sale | −5,671 | $8.98 | $50.93K | 64,572 |
| Stephen R. Byers Director | Dec 9, 2025 | Buy | +6,761 | $8.97 | $60.65K | 70,243 |
| Elizabeth A. Murray CFO and COO and PAO | Jun 6, 2025 | Buy | +3,400 | $8.84 | $30.06K | 25,387 |
| Stephen R. Byers Director | Jun 6, 2025 | Buy | +8,700 | $8.89 | $77.34K | 59,734 |
| Matthew Freund President | May 19, 2025 | Buy | +3,520 | $9.07 | $31.93K | 20,000 |
| Matthew Freund President | May 19, 2025 | Sale | −1 | $9.06 | $9 | 20,000 |
| Matthew Freund President | May 19, 2025 | Sale | −0.85 | $9.06 | $8 | 20,001 |
| Matthew Freund President | May 19, 2025 | Buy | +22 | $9.07 | $200 | 20,002 |
| Matthew Freund President | May 19, 2025 | Buy | +3,500 | $9.07 | $31.75K | 19,980 |
| Eric J. Lloyd CEO, Director | May 19, 2025 | Buy | +27,275 | $9.13 | $249.02K | 66,469 |
| Eric J. Lloyd CEO, Director | May 19, 2025 | Buy | +7,100 | $9.09 | $64.54K | 73,569 |
| Stephen R. Byers Director | Dec 13, 2024 | Buy | +8,485 | $9.73 | $82.56K | 50,001 |
| Michael James O'Connor – | Dec 12, 2024 | Sale | −29,423.57 | $9.70 | $285.41K | 0 |
| Stephen R. Byers Director | Dec 11, 2024 | Buy | +1,063.07 | $9.89 | $10.51K | 41,516 |
| Elizabeth A. Murray CFO and COO and PAO | Dec 11, 2024 | Buy | +2,000 | $9.70 | $19.40K | 20,805 |
| Matthew Freund President | Dec 11, 2024 | Buy | +1,500 | $9.72 | $14.58K | 14,971 |
| Matthew Freund President | Dec 11, 2024 | Buy | +1,000 | $9.72 | $9.72K | 15,971 |
| Stephen R. Byers Director | Nov 15, 2024 | Buy | +13,565 | $9.95 | $134.97K | 40,453 |
| Stephen R. Byers Director | Nov 8, 2024 | Buy | +1,350 | $9.63 | $13.00K | 26,888 |
| Michael Freno – | May 9, 2024 | Buy | +27,500 | $9.73 | $267.58K | 71,145 |
| Stephen R. Byers Director | Feb 28, 2024 | Buy | +570 | $9.70 | $5.53K | 21,648 |
| Stephen R. Byers Director | Jul 18, 2023 | Buy | +400 | $8.03 | $3.21K | 21,078 |
| Michael James O'Connor – | May 16, 2023 | Buy | +25,000 | $7.43 | $185.75K | 25,000 |
| Sears Merritt – | May 11, 2023 | Buy | +1,358 | $7.36 | $9.99K | 1,358 |
| Elizabeth A. Murray Principal Accounting Officer | May 11, 2023 | Buy | +2,500 | $7.23 | $18.08K | 14,534 |
| Elizabeth A. Murray CFO and COO | May 11, 2023 | Buy | +2,500 | $7.23 | $18.08K | 15,907 |
| Michael Freno – | May 9, 2023 | Buy | +4,000 | $7.18 | $28.72K | 43,645 |
| Michael Freno – | May 9, 2023 | Buy | +4,000 | $7.19 | $28.76K | 39,645 |
| Michael Freno – | May 9, 2023 | Buy | +4,000 | $7.19 | $28.76K | 35,645 |
| Michael Freno – | May 9, 2023 | Buy | +4,000 | $7.19 | $28.76K | 31,287 |
| Michael Freno – | May 9, 2023 | Buy | +4,000 | $7.18 | $28.72K | 39,287 |
| Michael Freno – | May 9, 2023 | Buy | +4,000 | $7.19 | $28.76K | 35,287 |
| Michael Freno – | May 9, 2023 | Buy | +14,000 | $7.20 | $100.80K | 27,287 |
| Albert Perley Treasurer | May 9, 2023 | Buy | +100 | $7.21 | $721 | 2,000 |
| Albert Perley Treasurer | May 9, 2023 | Buy | +1,900 | $7.21 | $13.70K | 1,900 |
| Jeffrey Chillag Director of Finance | May 8, 2023 | Buy | +3,500 | $7.23 | $25.31K | 8,374 |
| Jeffrey Chillag Director of Finance | May 8, 2023 | Sale | −500 | $7.23 | $3.62K | 7,874 |
| Jeffrey Chillag Director of Finance | May 8, 2023 | Buy | +3,500 | $7.23 | $25.31K | 8,374 |
| Geoff Craddock – | Apr 10, 2023 | Buy | +10,000 | $7.67 | $76.70K | 30,000 |
| Thomas Okel Director | Mar 9, 2023 | Buy | +9,400 | $8.05 | $75.67K | 19,437 |
| Thomas Okel Director | Mar 9, 2023 | Buy | +600 | $8.04 | $4.82K | 20,037 |
| Stephen R. Byers Director | Jan 25, 2023 | Buy | +466 | $8.55 | $3.98K | 20,019 |
| Stephen R. Byers Director | Jun 17, 2022 | Buy | +236 | $9.27 | $2.19K | 18,121 |
| Stephen R. Byers Director | Jun 3, 2022 | Buy | +1,850 | $10.38 | $19.20K | 17,885 |
| Stephen R. Byers Director | May 9, 2022 | Buy | +235 | $10.22 | $2.40K | 16,035 |
| Stephen R. Byers Director | May 9, 2022 | Buy | +15,800 | $10.25 | $161.95K | 15,800 |
| Jeffrey Chillag Director of Finance | Mar 15, 2022 | Other | +1,382 | $10.15 | $14.03K | 3,756 |
| Jeffrey Chillag Director of Finance | Mar 15, 2022 | Other | +1,118 | $10.16 | $11.36K | 4,874 |
| David Mihalick Director | Dec 1, 2021 | Buy | +5,000 | $10.80 | $54.00K | 20,000 |
| Thomas McDonnell Vice President | Nov 29, 2021 | Buy | +5,000 | $10.85 | $54.25K | 13,000 |
| Thomas Okel Director | Sep 28, 2021 | Buy | +400.87 | $11.03 | $4.42K | 10,037 |
| Thomas Okel Director | Sep 28, 2021 | Buy | +4,136 | $11.02 | $45.58K | 9,636 |
| Roger W. Crandall – | Aug 10, 2021 | Buy | +3,000 | $10.95 | $32.85K | 18,250 |
| Thomas McDonnell Vice President | Jun 9, 2021 | Buy | +3,000 | $10.53 | $31.59K | 8,000 |
| Thomas McDonnell Vice President | May 11, 2021 | Buy | +2,000 | $10.39 | $20.78K | 5,000 |
| Thomas McDonnell Vice President | Mar 30, 2021 | Buy | +2,000 | $9.95 | $19.90K | 3,000 |
| Thomas McDonnell Vice President | Mar 26, 2021 | Buy | +1,000 | $9.90 | $9.90K | 1,000 |
| John Switzer Director | Dec 21, 2020 | Buy | +1,000 | $9.11 | $9.11K | 6,000 |
| David Mihalick Director | Dec 7, 2020 | Buy | +7,859 | $8.97 | $70.50K | 15,000 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Robert Byers Stephen Director | Dec 9, 2025 | 5,671 | $50.93K | Dec 9, 2025 | Open Market Purchase |