CIK: 0001568131
Total reported value
$1.6B
Reporting period: 2014-06-30 · Number of holdings: 137
Baring International Investment Ltd disclosed 137 holdings in its latest 13F filing for the period ending 2014-06-30, with total reported value of $1.6B and a quarterly turnover rate of 42.4%.
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Baring International Investment Ltd's disclosed holdings carry a Herfindahl concentration index of 0.028 — mathematically equivalent to about 36 equally-sized positions, well below its 137 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.66), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 17% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add 61166W101
+62.5% $18.7M
Add XLK
0.0% $8.5M
Trim UFS
-39.4% -$18.1M
Add PBR
+609.3% $13.1M
Add PPG
+71.4% $12.2M
Add MBTGBP
-8.2% $4.0M
Baring executes a decisive capital rotation this quarter, liquidating concentrated cyclical exposure while anchoring heavy allocations in technology and healthcare. The fund hunts structural alpha through a high-conviction contrarian sweep, evidenced by the outright dump of Chevron and two mid-caps paired with a 240% add to an unnamed position that now commands a 3.84% portfolio weight.
The flows embed a definitive short bet on broad energy cycle normalization and commodity-driven growth, offset by a long institutional conviction in tech-led productivity expansion and defensive healthcare earnings. The opposing thesis buys momentum—holding onto rate-sensitive cyclicals—while Baring forces liquidity out of fading industrial names into quality compounders with pricing power.
With HHI flatlining at 0.027 across 135 names, portfolio drag risk is structural; the fund’s extreme diversification guarantees sector-beta dominance over idiosyncratic alpha generation, leaving performance entirely tethered to macro regime shifts rather than manager skill.
The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.
Showing top 135 holdings (of 137 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | ETF-Tech | 10.30% | +1.28% | — | |
| 2 | MBTGBP | Mobile Telesystems-sp Adr | Stock-Other | 7.36% | +0.80% | -8.20% | |
| 3 | ✓ | Agrium INC | Stock-Other | 3.84% | +3.84% | NEW | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 3.68% | -0.70% | -27.26% | |
| 5 | SU | Suncor Energy INC | Stock-Energy | 3.28% | +0.79% | — | |
| 6 | CNQ | Canadian Natural Resources | Stock-Energy | 2.75% | -0.29% | -30.12% | |
| 7 | ✓ | Stock-Other | 2.71% | +1.30% | +62.48% | ||
| 8 | XOM | Exxon Mobil CORP | Stock-Energy | 2.14% | — | -0.17% | |
| 9 | ADM | Archer-daniels-midland Co | Stock-Consumer Staples | 1.98% | — | +10.92% | |
| 10 | SLB | Slb LTD | Stock-Energy | 1.84% | +0.57% | +10.58% | |
| 11 | PPG | Ppg Industries INC | Stock-Materials | 1.67% | +0.84% | +71.42% | |
| 12 | KMI | Kinder Morgan INC | Stock-Energy | 1.55% | +0.75% | +60.53% | |
| 13 | AG | First Majestic Silver CORP | Stock-Materials | 1.37% | — | +3.73% | |
| 14 | MOS | Mosaic Co/the | Stock-Materials | 1.36% | — | +13.11% | |
| 15 | WPM | Wheaton Precious Metals Corp. | Stock-Materials | 1.25% | -0.24% | -31.14% | |
| 16 | HAIN | Hain Celestial Group INC | Stock-Other | 1.20% | — | -14.61% | |
| 17 | EOG | Eog Resources INC | Stock-Energy | 1.18% | -0.75% | -5.17% | |
| 18 | AMXN | America Movil-spn Adr Cl L | Stock-Other | 1.14% | -0.19% | -23.87% | |
| 19 | IWF | Ishares Russell 1000 Growth | ETF-Other | 1.10% | — | +13.81% | |
| 20 | TSN | Tyson Foods Inc-cl A | Stock-Consumer Staples | 1.09% | — | +2.12% | |
| 21 | DE | Deere & Co | Stock-Industrials | 1.05% | — | — | |
| 22 | IWO | Ishares Russell 2000 Growth | ETF-Small Cap | 1.05% | — | +12.32% | |
| 23 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.03% | — | +6.14% | |
| 24 | OEF | Ishares S&p 100 ETF | ETF-Other | 1.03% | — | +6.28% | |
| 25 | EDU | New Oriental Education & Technology Group Inc. | Stock-Consumer Staples | 1.02% | — | — | |
| 26 | FMX | Fomento Economico Mex-sp Adr | Stock-Other | 1.00% | +0.45% | +67.44% | |
| 27 | APC3EUR | Anadarko Petroleum CORP | Stock-Other | 0.99% | -0.26% | -42.97% | |
| 28 | UTXZ | United Tech CORP | Stock-Other | 0.98% | -0.19% | -21.60% | |
| 29 | PBR | Petroleo Brasileiro-spon Adr | Stock-Energy | 0.95% | +0.84% | +609.30% | |
| 30 | P5Y | Brf Sa-adr | Stock-Other | 0.94% | — | — | |
| 31 | VALE | Vale S.A. | Stock-Materials | 0.90% | +0.90% | NEW | |
| 32 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.89% | — | -17.30% | |
| 33 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.89% | +0.72% | +356.29% | |
| 34 | PFE | Pfizer INC | Stock-Healthcare | 0.88% | -0.22% | -19.75% | |
| 35 | DFSEUR | Discover Financial Services | Stock-Other | 0.86% | — | -23.86% | |
| 36 | IFF | Intl Flavors & Fragrances | Stock-Materials | 0.85% | — | -26.88% | |
| 37 | POT1EUR | Potash CORP Of Saskatchewan | Stock-Other | 0.83% | — | -24.80% | |
| 38 | MET | Metlife INC | Stock-Financials | 0.82% | -0.19% | -28.42% | |
| 39 | CVS | Cvs Health CORP | Stock-Healthcare | 0.82% | — | -22.49% | |
| 40 | CTRPUSD | Ctrip.com International-adr | Stock-Other | 0.81% | — | -24.19% | |
| 41 | TV | Grupo Televisa Sa-spon Adr | Stock-Other | 0.78% | — | +3.93% | |
| 42 | CMI | Cummins INC | Stock-Industrials | 0.78% | — | -24.14% | |
| 43 | APH | Amphenol Corp-cl A | Stock-Tech | 0.78% | +0.78% | NEW | |
| 44 | LNC | Lincoln National CORP | Stock-Financials | 0.77% | — | -25.42% | |
| 45 | ✓ | Stock-Other | 0.77% | — | -20.58% | ||
| 46 | AAPL | Apple INC | Stock-Tech | 0.77% | — | +469.14% | |
| 47 | AMGN | Amgen INC | Stock-Healthcare | 0.76% | -0.24% | -26.49% | |
| 48 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.75% | — | -22.40% | |
| 49 | CX | Cemex Sab-spons Adr Part Cer | Stock-Other | 0.73% | — | +1.74% | |
| 50 | BKNG | Booking Hldgs INC | Stock-Consumer Disc | 0.72% | — | -23.25% |
Not enough priced holdings yet to compute performance
Baring International Investment Ltd's most significant position changes for 2014-06-30: New buy: Agrium INC; Sold out: Yamana Gold INC (YRI); Sold out: Weyerhaeuser Co (WY); Sold out: Chevron CORP (CVX); Sold out: Zimmer Biomet Holdings INC (ZBH).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +1.3% | +62.48% | Add | |
| 2 | XLK | Ss Technology Select Sector | +1.3% | — | Unchanged |
| 3 | PBR | Petroleo Brasileiro-spon Adr | +0.8% | +609.30% | Add |
| 4 | PPG | Ppg Industries INC | +0.8% | +71.42% | Add |
| 5 | MBTGBP | Mobile Telesystems-sp Adr | +0.8% | -8.20% | Trim |
| 6 | SU | Suncor Energy INC | +0.8% | — | Unchanged |
| 7 | KMI | Kinder Morgan INC | +0.8% | +60.53% | Add |
| 8 | OXY | Occidental Petroleum CORP | +0.7% | +356.29% | Add |
| 9 | SLB | Slb LTD | +0.6% | +10.58% | Add |
| 10 | ANDE | Andersons Inc/the | +0.5% | +430.51% | Add |
| 11 | FMX | Fomento Economico Mex-sp Adr | +0.5% | +67.44% | Add |
| 12 | AMXN | America Movil-spn Adr Cl L | -0.2% | -23.87% | Trim |
| 13 | UTXZ | United Tech CORP | -0.2% | -21.60% | Trim |
| 14 | MET | Metlife INC | -0.2% | -28.42% | Trim |
| 15 | PFE | Pfizer INC | -0.2% | -19.75% | Trim |
| 16 | WPM | Wheaton Precious Metals Corp. | -0.2% | -31.14% | Trim |
| 17 | AMGN | Amgen INC | -0.2% | -26.49% | Trim |
| 18 | APC3EUR | Anadarko Petroleum CORP | -0.3% | -42.97% | Trim |
| 19 | ✓ | Covance INC | -0.3% | -20.53% | Trim |
| 20 | ✓ | Directv | -0.3% | -49.88% | Trim |
| 21 | CNQ | Canadian Natural Resources | -0.3% | -30.12% | Trim |
| 22 | XXI | Twenty One Capital, Inc. | -0.3% | -43.72% | Trim |
| 23 | CCJ | Cameco CORP | -0.4% | -95.62% | Trim |
| 24 | ABBV | Abbvie INC | -0.4% | -56.06% | Trim |
| 25 | CB | Chubb Limited | -0.4% | -90.61% | Trim |
| 26 | TSM | Taiwan Semiconductor-sp Adr | -0.7% | -27.26% | Trim |
| 27 | EOG | Eog Resources INC | -0.8% | -5.17% | Trim |
| 28 | UFS | Domtar CORP | -1% | -39.45% | Trim |
| 29 | ✓ | Agrium INC | — | NEW | New buy |
| 30 | YRI | Yamana Gold INC | — | EXIT | Sold out |
| 31 | WY | Weyerhaeuser Co | — | EXIT | Sold out |
| 32 | CVX | Chevron CORP | — | EXIT | Sold out |
| 33 | ZBH | Zimmer Biomet Holdings INC | — | EXIT | Sold out |
| 34 | V | Visa Inc-class A Shares | — | EXIT | Sold out |
| 35 | ✓ | Con-way INC Com | — | EXIT | Sold out |
| 36 | VALE | Vale S.A. | — | NEW | New buy |
| 37 | PPC | Pilgrim's Pride CORP | — | EXIT | Sold out |
| 38 | APH | Amphenol Corp-cl A | — | NEW | New buy |
| 39 | HPE | Hewlett-Packard Company | — | NEW | New buy |
| 40 | WDC | Western Digital CORP | — | EXIT | Sold out |
| 41 | HAL | Halliburton Co | — | EXIT | Sold out |
| 42 | KEL | Kellanova | — | NEW | New buy |
| 43 | NDAQ | Nasdaq INC | — | NEW | New buy |
| 44 | SIVBEUR | Svb Financial Group | — | NEW | New buy |
| 45 | ✓ | — | NEW | New buy | |
| 46 | NTES | Netease Inc-adr | — | EXIT | Sold out |
| 47 | EC | Ecopetrol Sa-sponsored Adr | — | EXIT | Sold out |
| 48 | HRL | Hormel Foods CORP | — | EXIT | Sold out |
| 49 | AVAL | Grupo Aval Acciones y Valores S.A. | — | EXIT | Sold out |
| 50 | LPX | Louisiana-pacific CORP | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2014-06-30 | 2014-07-21 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-13 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-04 | Amendment | View on EDGAR |
| 2013-12-31 | 2014-01-22 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-06 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-09 | 13F-HR | View on EDGAR |
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