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Baring Asset Management Ltd

13F for September 30, 2017, filed October 26, 2017 · SEC CIK 1606779 · Holdings history from December 31, 2012

The latest available holdings for this manager are dated September 30, 2017.

Reported value
$1.7bn
60% in companies we cover
Positions we cover
113
Largest BABA 16.6%
Copy, a year
+12.6%
S&P 500 +13.8%
Copy Sharpe ratio
0.88
S&P 500 1.18

Copy-performance statistics: February 1, 2013 to February 9, 2018. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Includes earlier holdings reported by Baring Asset Management Ltd. Reporting history

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

184 reported entries for September 30, 2017.

IssuerClass / typeReported valueQuantity
TJX COMPANIES INC.872540109 · TJX COM $4.9m 66,191
BECTON DICKINSON & CO.075887109 · BDX COM $5.5m 27,857
JPMORGAN CHASE & CO.46625H100 · JPM COM $6.2m 64,548
RELIANCE STEEL & ALUMINUM CO.759509102 · RS COM $6.6m 86,344
PRAXAIR INC.74005P104 COM $10.7m 76,840
EAGLE MATERIALS INC.26969P108 · EXP COM $11.0m 103,441
SCHLUMBERGER LTD.806857108 · SLB COM $11.9m 170,557
AVERY DENNISON CORP.053611109 · AVY COM $12.8m 130,212
AGCO CORPORATION001084102 · AGCO COM $13.7m 185,473
ALBEMARLE CORP.012653101 · ALB COM $16.2m 118,732
TYSON FOODS INC.902494103 · TSN COM $16.3m 231,531
HALLIBURTON CO.406216101 · HAL COM $18.4m 398,926
EOG RESOURCES INC.26875P101 · EOG COM $20.6m 213,270
YUM CHINA HOLDING, INC.98850P109 · YUMC COM $21.9m 548,182
INPHI CORPORATION45772F107 COM $218,000 5,502
PLAINS GP HOLDINGS LP72651A207 · PAGP COM $224,000 10,239
PURE STORAGE, INC.74624M102 · P COM $252,000 15,764
CYBERARK SOFTWARE LTDM2682V108 COM $381,000 9,300
Q2 HOLDINGS INC74736L109 · QTWO COM $518,000 12,448
TRACTOR SUPPLY COMPANY892356106 · TSCO COM $1.3m 21,095
CARNIVAL CORP.143658300 COM $1.8m 28,637
ACADIA HEALTHCARE COMPANY INC.00404A109 · ACHC COM $2.2m 46,777
EPAM SYSTEMS INC29414B104 · EPAM COM $35.7m 406,329
ISHARES MSCI EMERGING MARKETS ASIA ETF464286426 ETF $330,000 4,745
ISHARES GLOBAL TELECOM ETF464287291 ETF $335,000 2,350
ISHARES MSCI INDIA ETF46429B598 ETF $347,000 10,555
SPDR S&P 500 ETF TRUST78462F103 ETF $450,000 1,790
ISHARES TRUST464287333 ETF $455,000 6,820
ISHARES US REGIONAL BANKS ETF464288778 ETF $542,000 11,491
ISHARES EUROPE DEVELOPED REAL ESTATE ETF464288471 ETF $545,000 14,040
ISHARES MSCI GERMANY ETF464286806 ETF $615,000 18,962
ISHARES TRUST - ISHARES EUROPE ETF464287861 ETF $753,000 16,070
ISHARES TRUST46434V886 ETF $753,000 24,425
VANGUARD FTSE EMERGING MARKETS ETF922042858 ETF $944,000 21,676
ISHARES MSCI SWEDEN ETF464286756 ETF $1.1m 29,626
ISHARES TRUST464288729 ETF $1.2m 13,742
ISHARES TRUST464288281 ETF $1.3m 11,336
ISHARES INC464286608 ETF $1.7m 39,789
ISHARES INC46434G822 ETF $2.1m 38,038
ISHARES CORE S&P 500 ETF464287200 ETF $85.9m 340,751
ISHARES MSCI ACWI ETF464288257 ETF $2.8m 40,292
POWERSHARES H/Y EQ DVD ACHIE ETF73935X302 ETF $477,000 27,768
SPDR S P DIVIDEND ETF78464A763 ETF $1.4m 15,725
WISDOM TREE US DIVIDEND EX-FINA97717W406 DIV EX-FINL FD $1.4m 16,959
iShares MSCI EAFE Index Fund464287465 ETF $920,000 13,512
iShares Russell 1000 Growth ET464287614 ETF $86.9m 697,807
iShares Russell 2000 Growth ET464287648 ETF $88.7m 497,176
iShares S&P 100 ETF464287101 ETF $85.7m 772,382
iShares Select Dividend ETF464287168 ETF $1.4m 15,203
GDS HOLDINGS LTD36165L108 · GDS ADR $9.2m 817,103
MOMO INC.60879B107 ADR $12.0m 382,770
BAIDU INC.056752108 · BIDU ADR $20.3m 82,000
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC647581107 ADR $36.5m 413,905
NETEASE INC64110W102 · NTES ADR $37.0m 140,074
JD.COM INC47215P106 · JD ADR $75.4m 1,974,906
RANDGOLD RESOURCES LTD752344309 ADR $5.7m 57,970
PAMPA ENERGIA SA697660207 ADR $1.3m 20,242
BRF S.A.10552T107 ADR $2.2m 155,134
BANCO MACRO SA05961W105 ADR $2.2m 19,101
EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A.29244A102 ADR $3.7m 93,280
FOMENTO ECONOMICO MEXICANO, S. A. B. DE C. V.344419106 ADR $4.3m 45,304
CEMEX S.A.B. DE C.V.151290889 ADR $4.9m 536,400
YPF SOCIEDAD ANONIMA984245100 ADR $6.0m 271,258
AMERICA MOVIL S.A.B. DE C.V.02364W105 ADR $6.4m 362,641
PETR0LEO BRASILEIRO SA PETRO71654V408 · PBR ADR $7.3m 723,733
COMPANHIA DE BEBIDAS DAS AMERICAS - AMBEV02319V103 · ABEV ADR $9.7m 1,474,800
MOBILE TELESYSTEMS PJSC607409109 ADR $23.4m 2,245,903
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD.874039100 · TSM ADR $42.4m 1,129,578
GERDAU S.A.373737105 ADR $1.4m 407,900
AZUL S.A.05501U106 ADR $3.9m 142,558
TELEFONICA BRASIL S.A.87936R106 · VIV ADR $4.6m 293,400
BANCOLOMBIA S.A05968L102 ADR $5.9m 128,800
BANCO BRADESCO S.A.059460303 · BBD ADR $13.6m 1,231,955
PETR0LEO BRASILEIRO SA PETRO71654V101 ADR $17.0m 1,760,506
ITAU UNIBANCO HOLDING S.A.465562106 ADR $34.0m 2,481,182
ALIBABA GROUP HOLDING LIMITED01609W102 · BABA ADR $283.9m 1,643,530
WEIBO CORPORATION948596101 · WB ADR $11.9m 120,623
TAL EDUCATION GROUP874080104 · TAL ADR $53.2m 1,577,595
SINA CORPORATIONG81477104 COM $5.9m 51,527
SYSCO CORP.871829107 · SYY COM $1.4m 25,942
REGAL ENTERTAINMENT GROUP758766109 COM $413,000 25,810
NEWMONT MINING CORPORATION651639106 · NEM COM $471,000 12,544
CISCO SYSTEMS INC.17275R102 · CSCO COM $648,000 19,271
MICROSOFT CORP.594918104 · MSFT COM $715,000 9,599

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

$10.0k$20.0k 201320142015201620172018 $19.1k$18.2k
CopyS&P 500 $10,000 copying Baring Asset Management Ltd's usable filed holdings in companies we cover from February 1, 2013, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −20.9% (S&P 500 −11.2%); beta 1.10; alpha −1.8% a year (t = −0.54); last 12 months +34.2% against +16.2%.

Reported value by quarter

Baring Asset Management Ltd: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.
$0 $1B $2B $3B $4B Reported value, 2012-12-31: $3.5B Reported value, 2013-03-31: $2.5B Reported value, 2013-06-30: $2.3B Reported value, 2013-09-30: $2.2B Reported value, 2013-12-31: $1.8B Reported value, 2014-03-31: $1.7B Reported value, 2014-06-30: $1.6B Reported value, 2014-09-30: $1.7B Reported value, 2014-12-31: $1.6B Reported value, 2015-03-31: $1.3B Reported value, 2015-06-30: $1.2B Reported value, 2015-09-30: $1.1B Reported value, 2015-12-31: $1.2B Reported value, 2016-03-31: $1.2B Reported value, 2016-06-30: $1.2B Reported value, 2016-09-30: $1.4B Reported value, 2016-12-31: $1.5B Reported value, 2017-03-31: $1.4B Reported value, 2017-06-30: $1.5B Reported value, 2017-09-30: $1.7B 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 2017-09-30 $1.7B
View chart data
Period Reported value
2012-12-31 $3.5B
2013-03-31 $2.5B
2013-06-30 $2.3B
2013-09-30 $2.2B
2013-12-31 $1.8B
2014-03-31 $1.7B
2014-06-30 $1.6B
2014-09-30 $1.7B
2014-12-31 $1.6B
2015-03-31 $1.3B
2015-06-30 $1.2B
2015-09-30 $1.1B
2015-12-31 $1.2B
2016-03-31 $1.2B
2016-06-30 $1.2B
2016-09-30 $1.4B
2016-12-31 $1.5B
2017-03-31 $1.4B
2017-06-30 $1.5B
2017-09-30 $1.7B

Latest covered holdings and moves

Covered holdings as of September 30, 2017.

CompanyShare of portfolioValueSharesChange in shares
BABAAlibaba Group Holding Ltd16.59%$283.9m1.64M−13.1% Reduced
JDJd.com, Inc.4.41%$75.4m1.97M+25.4% Added
TALTAL Education Group3.11%$53.2m1.58M+411.0% Added
TSMTaiwan Semiconductor Manufacturing Co LTD2.48%$42.4m1.13M−6.1% Reduced
NBISNebius Group N.V.2.39%$40.9m1.24M−4.7% Reduced
SUSuncor Energy Inc2.26%$38.8m1.11M−16.8% Reduced
NTESNetease, Inc.2.16%$37.0m140.1K−16.3% Reduced
EPAMEPAM Systems, Inc.2.09%$35.7m406.3K+105.7% Added
YUMCYum China Holdings, Inc.1.28%$21.9m548.2K+50.9% Added
EOGEOG Resources1.21%$20.6m213.3K+8.5% Added
BIDUBaidu, Inc.1.19%$20.3m82.0KNew
HALHalliburton1.07%$18.4m398.9K0.0%
TSNTyson Foods0.95%$16.3m231.5K+4.4% Added
ALBAlbemarle Corporation0.95%$16.2m118.7K−16.4% Reduced
AGCOAGCO Corp0.80%$13.7m185.5K−2.5% Reduced
BBDBank Bradesco0.80%$13.6m1.23M0.0%
AVYAvery Dennison0.75%$12.8m130.2K−18.7% Reduced
WBWeibo Corp0.70%$11.9m120.6KNew
SLBSchlumberger0.69%$11.9m170.6K−0.1%
DEDeere & Company0.69%$11.9m94.7K+8.0% Added
CVXChevron Corporation0.67%$11.5m98.1K0.0%
FETForum Energy Technologies, Inc.0.65%$11.2m704.1K+48.8% Added
EXPEagle Materials Inc0.65%$11.0m103.4K−0.8% Reduced
ABEVAmbev S.a.0.57%$9.7m1.47M0.0%
GDSGDS Holdings Ltd0.54%$9.2m817.1K−32.8% Reduced
PBRPetrobras - Petroleo Brasileiro SA0.42%$7.3m723.7K0.0%
RSReliance, Inc.0.38%$6.6m86.3K−1.9% Reduced
JPMJPMorgan Chase0.36%$6.2m64.5K−2.9% Reduced
BDXBecton Dickinson0.32%$5.5m27.9K+12.3% Added
TJXTJX Companies0.28%$4.9m66.2K+132.3% Added
UNPUnion Pacific Corporation0.28%$4.7m40.6K+5.9% Added
VIVTelefonica Brasil S.a.0.27%$4.6m293.4K−24.3% Reduced
MAMastercard0.26%$4.5m31.7K−9.0% Reduced
ADBEAdobe Inc.0.23%$4.0m26.7K−0.2%
VVisa Inc.0.23%$3.9m36.7K+61.7% Added
LLYLilly (Eli)0.22%$3.7m43.5K+114.6% Added
ADMArcher Daniels Midland0.21%$3.6m85.1K0.0%
PAASPAN American Silver Corp0.20%$3.5m203.0K0.0%
AOSA. O. Smith0.20%$3.5m58.2K−8.1% Reduced
FBINFortune Brands Innovations, Inc.0.20%$3.4m50.3K−15.3% Reduced
METAMeta Platforms0.19%$3.3m19.4K−15.3% Reduced
NKENike, Inc.0.19%$3.2m62.5K+35.1% Added
NWLNewell Brands Inc.0.18%$3.1m72.4K+311.3% Added
AAPLApple Inc.0.17%$3.0m19.3K−4.6% Reduced
ZTSZoetis0.17%$3.0m46.4K−10.0% Reduced
AGROAdecoagro S.a.0.17%$2.9m269.2K−60.2% Reduced
CVSCVS Health0.17%$2.8m34.9K−9.0% Reduced
CLColgate-Palmolive0.16%$2.7m37.0K+8.2% Added
AMZNAmazon0.15%$2.6m2.7K−17.9% Reduced
MMM3M0.14%$2.4m11.3K−0.8% Reduced
INGRIngredion Inc0.14%$2.3m19.4K+10.8% Added
ACHCAcadia Healthcare Company, Inc.0.13%$2.2m46.8K−19.6% Reduced
HDThe Home Depot0.13%$2.2m13.7K−2.1% Reduced
PEPPepsiCo0.13%$2.2m19.9K+28.4% Added
SYKStryker Corporation0.13%$2.2m15.5K+169.5% Added
CTASCintas0.13%$2.2m15.0K−1.8% Reduced
IFFInternational Flavors & Fragrances0.12%$2.1m14.9K+83.5% Added
SCIService Corp International0.12%$2.1m61.4K−17.1% Reduced
MUMicron Technology0.12%$2.0m50.9K−5.0% Reduced
GILDGilead Sciences0.11%$1.9m23.3KNew
LMTLockheed Martin0.11%$1.9m6.0K−1.0% Reduced
GPCGenuine Parts Company0.10%$1.7m18.1K−8.8% Reduced
PGProcter & Gamble0.10%$1.7m19.0K−0.5%
SHWSherwin-Williams0.10%$1.7m4.7K+10.9% Added
NTRSNorthern Trust0.10%$1.7m18.3K−3.3% Reduced
COSTCostco0.10%$1.6m10.0K+1.1% Added
MKCMcCormick & Company0.10%$1.6m16.0K+1.6% Added
PNCPNC Financial Services0.10%$1.6m12.1K−4.8% Reduced
RSGRepublic Services0.10%$1.6m24.6K−0.9% Reduced
INTUIntuit0.10%$1.6m11.4KNew
HSYThe Hershey Company0.10%$1.6m14.8K+342.6% Added
APDAir Products0.09%$1.6m10.5K−6.8% Reduced
ARMKAramark0.09%$1.6m39.1KNew
GOOGLAlphabet Inc. (Class A)0.09%$1.6m1.6KNew
WSTWest Pharmaceutical Services0.09%$1.6m16.2K+2.1% Added
JNJJohnson & Johnson0.09%$1.6m12.0K−18.9% Reduced
ELThe Estée Lauder Companies0.09%$1.6m14.4K+1.5% Added
WMWaste Management0.09%$1.5m19.5K+2.0% Added
ITWIllinois Tool Works0.09%$1.5m10.2K−2.9% Reduced
SBUXStarbucks0.09%$1.5m27.8K−44.0% Reduced
CHDChurch & Dwight0.09%$1.5m30.8K+1.1% Added
CNKCinemark Holdings, Inc.0.08%$1.4m39.7K+320.8% Added
PHParker Hannifin0.08%$1.4m8.0K−6.0% Reduced
SYYSysco0.08%$1.4m25.9K−7.7% Reduced
PCGPG&E Corporation0.08%$1.4m20.5KNew
MOSThe Mosaic Company0.08%$1.4m63.4KNew
TSCOTractor Supply0.08%$1.3m21.1KNew
DISThe Walt Disney Company0.07%$1.3m13.0K0.0%
DGXQuest Diagnostics0.07%$1.3m13.5K+5.5% Added
BKNGBooking Holdings0.07%$1.3m686−42.6% Reduced
CFCF Industries0.07%$1.3m35.6K0.0%
APHAmphenol0.07%$1.1m13.2K−4.7% Reduced
CLXClorox0.06%$960,0007.3KNew
AMGNAmgen0.05%$825,0004.4K−8.1% Reduced
CTSHCognizant0.04%$774,00010.7K−16.7% Reduced
HCAHCA Healthcare0.04%$736,0009.2K0.0%
MSFTMicrosoft Corporation0.04%$715,0009.6K0.0%
CSCOCisco0.04%$648,00019.3K0.0%
ECLEcolab0.03%$584,0004.5K−70.7% Reduced
PFEPfizer0.03%$572,00016.0K−59.3% Reduced
QTWOQ2 Holdings, Inc.0.03%$518,00012.4K−32.2% Reduced
TITNTitan Machinery Inc.0.03%$503,00032.4K0.0%
GLOBGlobant S.a.0.03%$496,00012.4KNew
BMRNBiomarin Pharmaceutical Inc0.03%$486,0005.2K0.0%
NEMNewmont0.03%$471,00012.5K0.0%
KMBKimberly-Clark0.03%$462,0003.9K+15.0% Added
RPMRPM International Inc0.03%$432,0008.4K−65.8% Reduced
GPKGraphic Packaging Holding Co0.03%$425,00030.5K−32.4% Reduced
MDTMedtronic0.02%$332,0004.3K0.0%
PPCPilgrims Pride Corp0.02%$276,0009.7K−33.1% Reduced
PEverpure0.01%$252,00015.8KNew
PAGPPlains GP Holdings LP0.01%$224,00010.2K−31.6% Reduced
DUKDuke Energy0.01%$217,0002.6KNew
CompanyBought (value)Shares
TALTAL Education Group$42.8m1.27M
BIDUBaidu, Inc.$20.3m82.0K
EPAMEPAM Systems, Inc.$18.4m208.8K
JDJd.com, Inc.$15.3m400.5K
WBWeibo Corp$11.9m120.6K
YUMCYum China Holdings, Inc.$7.4m184.8K
FETForum Energy Technologies, Inc.$3.7m230.8K
TJXTJX Companies$2.8m37.7K
NWLNewell Brands Inc.$2.3m54.8K
LLYLilly (Eli)$2.0m23.2K
GILDGilead Sciences$1.9m23.3K
INTUIntuit$1.6m11.4K
EOGEOG Resources$1.6m16.6K
ARMKAramark$1.6m39.1K
GOOGLAlphabet Inc. (Class A)$1.6m1.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
BABAAlibaba Group Holding Ltd−$42.7m−247.0K
SUSuncor Energy Inc−$7.8m−223.9K
NTESNetease, Inc.−$7.2m−27.2K
GDSGDS Holdings Ltd−$4.5m−398.8K
AGROAdecoagro S.a.−$4.4m−407.3K
ALBAlbemarle Corporation−$3.2m−23.2K
AVYAvery Dennison−$2.9m−29.9K
TSMTaiwan Semiconductor Manufacturing Co LTD−$2.8m−73.3K
MOAltria−$2.3m−30.3K
NBISNebius Group N.V.−$2.0m−61.1K
ROLRollins, Inc.−$1.7m−40.7K
FFIVF5, Inc.−$1.6m−13.0K
VIVTelefonica Brasil S.a.−$1.5m−94.2K
SJMThe J.M. Smucker Company−$1.5m−12.4K
ECLEcolab−$1.4m−11.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
MOAltria$2.3m30.3K
ROLRollins, Inc.$1.7m40.7K
FFIVF5, Inc.$1.6m13.0K
SJMThe J.M. Smucker Company$1.5m12.4K
CHRWC.H. Robinson$1.3m18.7K
DVADaVita$1.3m19.4K
GPREGreen Plains Inc.$1.2m57.9K
WPMWheaton Precious Metals Corp.$1.0m52.2K
HAINHain Celestial Group Inc$566,00014.6K
STSensata Technologies Holding plc$333,0007.8K
OPLNOpenlane, Inc.$332,0007.9K
AZOAutoZone$263,000460
  • Consumer Discretionary44.7%
  • Technology13.9%
  • Energy11.6%
  • Communication Services7.9%
  • Materials5.8%
  • Consumer Staples5.1%
  • Industrials4.9%
  • Financials3.1%
  • Health Care2.8%
  • Utilities0.2%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 1, 2013 to February 9, 2018+12.6%+13.8%0.881.18−20.9%1.10
2018 onwardsJanuary 5, 2018 to February 9, 2018−53.6%−37.2%−1.87−1.86−12.3%—
Last three yearsFebruary 13, 2015 to February 9, 2018+13.3%+9.9%0.840.83−19.5%1.14
Last yearFebruary 10, 2017 to February 9, 2018+32.8%+15.2%1.731.47−12.3%1.24

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.