Barings Participation Investors (MPV)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Tsp Capital Management Group, Llc	285,455	$5,751,909	1.54%
2.	Benjamin Edwards Inc	248,555	$5,008,664	0.06%
3.	Smith Asset Management Co., Llc	73,598	$1,483,011	1.26%
4.	Curbstone Financial Management Corp	47,966	$966,515	0.19%
5.	Caldwell Sutter Capital, Inc.	43,755	$881,663	0.38%