13F

Position

CWM, 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 $125.8K$0.01$8.23

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202515.6K$1430.0%
Q1 202615.3K$125.9K$8.23$125.8K−$30.0%