13F

Position

Advisory Alpha, LLC in Barings BDC, Inc.

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$11K$9.18$8.23

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202511.6K$106.4K0.0%
Q1 202611.9K$97.8K$8.23−$11K$2.49K0.0%