Institution

Baring International Investment Ltd

13F for June 30, 2014, filed July 21, 2014 · SEC CIK 1568131 · Holdings history from December 31, 2012

The latest available holdings for this manager are dated June 30, 2014.

Reported value: $1.6bn
Positions we cover: 72
Copy, a year: +12.6%
Copy Sharpe ratio: —

Copy-performance statistics: February 1, 2013 to October 31, 2014. 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.

Related reporting managers

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

Holdings reported by Baring Asset Management Ltd · SEC notice for September 30, 2014
Reports holdings for Massachusetts Mutual Life Insurance Co · SEC notice for June 30, 2015
Holdings reported by Barings LLC · SEC notice for December 31, 2017

Holdings date Find a security

135 reported entries for June 30, 2014.

Issuer	Class / type	Reported value	Quantity
PFIZER INC717081103 · PFE	COM	$13.9m	467,517
PLATINUM GR METAL72765Q205 · PLG	COM	$98,000	82,404
PLUM CREEK TIMBER729251108	COM	$5.6m	123,856
PNC FINANCIAL693475105 · PNC	COM	$10.8m	121,008
POLYMET MINING CO731916102	COM	$90,000	82,299
POTASH SASKATCHWN73755L107	COM	$13.1m	344,460
PPG INDUSTRIES693506107 · PPG	COM	$26.3m	125,176
PRAXAIR INC74005P104	COM	$8.4m	62,970
PRECISION CASTPRT740189105	COM	$12.1m	47,926
PROOFPOINT INC743424103	COM	$548,000	14,633
RANDGOLD RESOURCE752344309	ADR	$1.8m	21,750
SANDERSON FARM800013104	COM	$4.9m	50,654
SCHLUMBERGER LTD806857108 · SLB	COM	$29.0m	246,002
SELECT SECTOR81369Y803	ITR	$162.1m	4,226,238
SILICON VALLEY78486Q101	COM	$6.3m	54,003
SILVER WHEATON CO828336107	COM	$19.6m	697,724
SOC QUIMICA Y MIN833635105	ADR	$1.8m	60,900
SOUTHERN CO842587107 · SO	COM	$352,000	7,760
SPDR S&P500 TRUST78462F103	ITR	$4.3m	21,802
STILLWATER MINING86074Q102	COM	$3.1m	176,098
SUNCOR ENERGY INC867224107 · SU	COM	$51.7m	1,211,530
SUNGY MOBILE86737M100	ADR	$3.3m	241,498
TAIWAN SEMICONDUC874039100 · TSM	ADS	$57.9m	2,707,795
TAL EDUCATION GRP874080104 · TAL	ADR	$2.4m	86,794
TECK RESOURCES878742204	COM	$243,000	10,647
TENARIS S.A.88031M109	ADR	$5.0m	105,591
THE PRICELINE GRP741503403 · BKNG	COM	$11.4m	9,465
TYSON FOODS INC902494103 · TSN	COM	$17.2m	457,857
UNION PACIFIC907818108 · UNP	COM	$374,000	3,748
UNITED TECHNOLOGY913017109	COM	$15.5m	133,892
US BANCORP902973304 · USB	COM	$289,000	6,671
UTD PARCEL SERV911312106 · UPS	COM	$339,000	3,301
VALE S.A.91912E204	ADR	$14.2m	1,192,179
VALE S.A.91912E105 · VALE	ADR	$1.3m	97,359
VANGUARD INTL EQ922042874	ITR	$2.3m	38,337

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

CopyS&P 500 $10,000 copying Baring International Investment 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 −10.0% (S&P 500 −6.1%); beta 1.02; alpha −6.7% a year (t = −1.79); last 12 months +10.0% against +16.8%.

Reported value by quarter

Baring International Investment 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.

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

Latest covered holdings and moves

Covered holdings as of June 30, 2014.

Company	Share of portfolio	Value	Shares	Change in shares
TSMTaiwan Semiconductor Manufacturing Co LTD	3.68%	$57.9m	2.71M	−27.3% Reduced
SUSuncor Energy Inc	3.28%	$51.7m	1.21M	0.0%
CNQCanadian Natural Resources Ltd	2.75%	$43.3m	941.2K	−30.1% Reduced
ADMArcher Daniels Midland	1.98%	$31.2m	706.9K	+10.9% Added
SLBSchlumberger	1.84%	$29.0m	246.0K	+10.6% Added
PPGPPG Industries	1.67%	$26.3m	125.2K	+71.4% Added
KMIKinder Morgan	1.55%	$24.3m	671.3K	+60.5% Added
AGFirst Majestic Silver Corp	1.37%	$21.5m	1.99M	+3.7% Added
MOSThe Mosaic Company	1.36%	$21.3m	431.6K	+13.1% Added
HAINHain Celestial Group Inc	1.20%	$18.9m	213.3K	−14.6% Reduced
EOGEOG Resources	1.18%	$18.6m	158.8K	−5.2% Reduced
TSNTyson Foods	1.09%	$17.2m	457.9K	+2.1% Added
DEDeere & Company	1.05%	$16.5m	182.5K	0.0%
PBRPetrobras - Petroleo Brasileiro SA	0.95%	$15.0m	1.03M	+609.3% Added
GILDGilead Sciences	0.89%	$14.1m	169.5K	−17.3% Reduced
OXYOccidental Petroleum	0.89%	$14.0m	136.4K	+356.3% Added
PFEPfizer	0.88%	$13.9m	467.5K	−19.8% Reduced
IFFInternational Flavors & Fragrances	0.85%	$13.3m	127.6K	−26.9% Reduced
METMetLife	0.82%	$12.9m	232.5K	−28.4% Reduced
CVSCVS Health	0.82%	$12.9m	171.4K	−22.5% Reduced
CMICummins	0.78%	$12.3m	79.8K	−24.1% Reduced
APHAmphenol	0.78%	$12.3m	127.6K	New
LNCLincoln National Corp	0.77%	$12.2m	236.5K	−25.4% Reduced
AAPLApple Inc.	0.77%	$12.0m	129.6K	+469.1% Added
AMGNAmgen	0.76%	$12.0m	101.3K	−26.5% Reduced
AMZNAmazon	0.75%	$11.9m	36.5K	−22.4% Reduced
BKNGBooking Holdings	0.72%	$11.4m	9.5K	−23.2% Reduced
VNETVnet Group, Inc.	0.71%	$11.2m	372.7K	+4.3% Added
BLKBlackRock	0.69%	$10.9m	34.2K	−23.1% Reduced
PNCPNC Financial Services	0.69%	$10.8m	121.0K	−20.6% Reduced
CDNSCadence Design Systems Inc	0.68%	$10.7m	610.9K	−28.5% Reduced
CHDChurch & Dwight	0.65%	$10.3m	146.6K	−22.6% Reduced
ANDEAndersons, Inc.	0.58%	$9.1m	176.6K	+430.5% Added
CCICrown Castle	0.56%	$8.7m	117.5K	−26.0% Reduced
MLCOMelco Resorts & Entertainment LTD	0.54%	$8.5m	237.1K	−16.0% Reduced
CCOICogent Communications Holdings, Inc.	0.52%	$8.1m	235.3K	−24.7% Reduced
HDBHdfc Bank LTD	0.51%	$8.1m	172.1K	−36.0% Reduced
NDAQNasdaq, Inc.	0.49%	$7.8m	201.3K	New
DARDarling Ingredients Inc.	0.49%	$7.7m	368.9K	+75.6% Added
CFCF Industries	0.47%	$7.4m	30.8K	0.0%
ABBVAbbVie	0.39%	$6.2m	109.3K	−56.1% Reduced
AGCOAGCO Corp	0.39%	$6.1m	108.9K	0.0%
BIDUBaidu, Inc.	0.37%	$5.9m	31.5K	−29.8% Reduced
GOOGLAlphabet Inc. (Class A)	0.37%	$5.9m	10.1K	+98.8% Added
INGRIngredion Inc	0.27%	$4.3m	57.2K	−51.2% Reduced
BMRNBiomarin Pharmaceutical Inc	0.27%	$4.2m	68.1K	−34.4% Reduced
JPMJPMorgan Chase	0.26%	$4.0m	70.1K	−2.8% Reduced
FNVFranco Nevada Corp	0.20%	$3.2m	55.1K	New
TALTAL Education Group	0.15%	$2.4m	86.8K	New
MRKMerck & Co.	0.14%	$2.1m	37.2K	+14.6% Added
CSCOCisco	0.13%	$2.0m	79.1K	0.0%
BBDBank Bradesco	0.12%	$1.9m	130.8K	0.0%
GPNGlobal Payments	0.12%	$1.9m	25.4K	0.0%
VALEVale S.a.	0.08%	$1.3m	97.4K	0.0%
CBChubb Limited	0.05%	$744,000	8.1K	−90.6% Reduced
BFHBread Financial Holdings, Inc.	0.05%	$736,000	2.6K	−80.2% Reduced
ABEVAmbev S.a.	0.04%	$681,000	96.7K	−17.6% Reduced
FCXFreeport-McMoRan	0.04%	$578,000	15.8K	0.0%
MSFTMicrosoft Corporation	0.03%	$447,000	10.7K	0.0%
EMREmerson Electric	0.03%	$422,000	6.4K	0.0%
UNPUnion Pacific Corporation	0.02%	$374,000	3.7K	New
GSGoldman Sachs	0.02%	$356,000	2.1K	0.0%
SOSouthern Company	0.02%	$352,000	7.8K	New
IPInternational Paper	0.02%	$345,000	6.8K	New
UPSUnited Parcel Service	0.02%	$339,000	3.3K	+24.7% Added
AAAlcoa Corp	0.02%	$303,000	20.4K	New
ORCLOracle Corporation	0.02%	$300,000	7.4K	0.0%
USBU.S. Bancorp	0.02%	$289,000	6.7K	−26.6% Reduced
CCJCameco Corp	0.01%	$240,000	12.2K	−95.6% Reduced
MCKMcKesson	0.01%	$237,000	1.3K	0.0%
IBMIBM	0.01%	$221,000	1.2K	0.0%
PLGPlatinum Group Metals LTD	0.01%	$98,000	82.4K	0.0%

Company	Bought (value)	Shares
PBRPetrobras - Petroleo Brasileiro SA	$12.9m	881.9K
APHAmphenol	$12.3m	127.6K
PPGPPG Industries	$11.0m	52.2K
OXYOccidental Petroleum	$10.9m	106.5K
AAPLApple Inc.	$9.9m	106.8K
KMIKinder Morgan	$9.2m	253.1K
NDAQNasdaq, Inc.	$7.8m	201.3K
ANDEAndersons, Inc.	$7.4m	143.3K
DARDarling Ingredients Inc.	$3.3m	158.8K
FNVFranco Nevada Corp	$3.2m	55.1K
ADMArcher Daniels Midland	$3.1m	69.6K
GOOGLAlphabet Inc. (Class A)	$2.9m	5.0K
SLBSchlumberger	$2.8m	23.5K
MOSThe Mosaic Company	$2.5m	50.0K
TALTAL Education Group	$2.4m	86.8K

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

Company	Sold (value)	Shares
WYWeyerhaeuser	−$26.0m	−886.5K
TSMTaiwan Semiconductor Manufacturing Co LTD	−$21.7m	−1.01M
CVXChevron Corporation	−$21.1m	−177.1K
CNQCanadian Natural Resources Ltd	−$18.7m	−405.8K
ZBHZimmer Biomet	−$15.9m	−168.3K
VVisa Inc.	−$15.5m	−71.8K
PPCPilgrims Pride Corp	−$14.1m	−672.5K
WDCWestern Digital	−$9.9m	−108.1K
HALHalliburton	−$9.4m	−159.0K
ABBVAbbVie	−$7.9m	−139.4K
CBChubb Limited	−$7.2m	−77.8K
CCJCameco Corp	−$5.2m	−266.2K
NTESNetease, Inc.	−$5.1m	−76.2K
METMetLife	−$5.1m	−92.3K
IFFInternational Flavors & Fragrances	−$4.9m	−46.9K

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

Company	Value last quarter	Shares
WYWeyerhaeuser	$26.0m	886.5K
CVXChevron Corporation	$21.1m	177.1K
ZBHZimmer Biomet	$15.9m	168.3K
VVisa Inc.	$15.5m	71.8K
PPCPilgrims Pride Corp	$14.1m	672.5K
WDCWestern Digital	$9.9m	108.1K
HALHalliburton	$9.4m	159.0K
NTESNetease, Inc.	$5.1m	76.2K
HRLHormel Foods	$4.3m	87.4K
LPXLouisiana-pacific Corp	$4.0m	238.8K
VLOValero Energy	$3.0m	55.9K
MDLZMondelez International	$1.8m	51.0K
VZVerizon	$1.1m	23.4K
ZIONZions Bancorporation, National Association	$350,000	11.3K
HDThe Home Depot	$334,000	4.2K
JCIJohnson Controls	$242,000	5.1K
EGOEldorado Gold Corp	$112,000	20.1K

Energy26.7%
Technology14.6%
Consumer Staples13.5%
Materials13.0%
Financials9.9%
Health Care8.9%
Industrials4.9%
Consumer Discretionary4.6%
Communication Services2.7%
Real Estate1.2%
Utilities0.0%

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

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 1, 2013 to October 31, 2014	+12.6%	+20.3%	1.10	1.86	−10.0%	1.02
Last yearNovember 1, 2013 to October 31, 2014	+11.7%	+16.7%	1.01	1.51	−10.0%	1.01

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.