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AEGON USA Investment Management, LLC

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13F filer, CIK 1454937, CEDAR RAPIDS, IA

AEGON USA Investment Management, LLC reported $141,497,045 across 44 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-09. Its ten largest share positions make up 84.19% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001454937-26-000003

Period
2025-12-31
Reported value
$141M
Holdings
44
Top 10 weight
84.19%
New
3
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
KKR & CO INCadded+10,400$537K
EFTnew+17,768$201K
RXTnew+200,000$194K
HYTnew+20,000$178K
XEFRXadded+9,355$104K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WWreduced-111,568-$3.26M
VTIreduced-5,760-$1.93M
CBLexited-14,909-$456K
CCOreduced-153,893-$340K
IHRTreduced-70,246-$292K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001454937-26-000003, largest first. % of portfolio is the value over $141,497,045, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 311,026 shares; 2024Q4: 303,581 shares; 2025Q1: 300,339 shares; 2025Q2: 293,601 shares; 2025Q3: 290,128 shares; 2025Q4: 284,368 shares 284,368$95.3M67.38%-5,760Timeline
WWWW INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 293,854 shares; 2025Q4: 182,286 shares 182,286$5.33M3.76%-111,568Timeline
BNDVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,182 shares; 2024Q4: 43,389 shares; 2025Q1: 42,648 shares; 2025Q2: 42,012 shares; 2025Q3: 41,399 shares; 2025Q4: 41,001 shares 41,001$3.04M2.15%-398Timeline
BANK OF AMER CORPBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,108 shares; 2024Q4: 2,543 shares; 2025Q1: 2,488 shares; 2025Q2: 2,488 shares; 2025Q3: 2,248 shares; 2025Q4: 2,248 shares 2,248$2.81M1.99%0
KKR & CO INCKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 27,000 shares; 2025Q3: 27,000 shares; 2025Q4: 37,400 shares 37,400$1.93M1.37%+10,400
SRLNSSGA ACTIVE ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,300 shares; 2024Q4: 47,300 shares; 2025Q1: 47,300 shares; 2025Q2: 29,300 shares; 2025Q3: 42,300 shares; 2025Q4: 42,300 shares 42,300$1.75M1.23%0Timeline
APOLLO GLOBAL MGMT INCAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,913 shares; 2024Q4: 25,913 shares; 2025Q1: 22,713 shares; 2025Q2: 22,713 shares; 2025Q3: 22,713 shares; 2025Q4: 22,713 shares 22,713$1.71M1.21%0
BKLNINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,000 shares; 2024Q4: 71,000 shares; 2025Q1: 71,000 shares; 2025Q2: 36,000 shares; 2025Q3: 63,000 shares; 2025Q4: 63,000 shares 63,000$1.32M0.94%0Timeline
ARES MANAGEMENT CORPORATIONARES MANAGEMENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 22,700 shares; 2025Q3: 22,700 shares; 2025Q4: 22,700 shares 22,700$1.14M0.81%0
VGSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,500 shares; 2024Q4: 13,500 shares; 2025Q1: 13,500 shares; 2025Q2: 13,500 shares; 2025Q3: 13,500 shares; 2025Q4: 13,500 shares 13,500$793K0.56%0Timeline
HFROHIGHLAND OPPS & INCOME FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 163,121 shares; 2024Q4: 196,615 shares; 2025Q1: 105,895 shares; 2025Q2: 105,895 shares; 2025Q3: 105,895 shares; 2025Q4: 88,168 shares 88,168$527K0.37%-17,727Timeline
VUGVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,002 shares; 2024Q4: 1,002 shares; 2025Q1: 1,152 shares; 2025Q2: 1,152 shares; 2025Q3: 957 shares; 2025Q4: 957 shares 957$467K0.33%0Timeline
HYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,575 shares; 2024Q4: 5,575 shares; 2025Q1: 5,575 shares; 2025Q2: 5,575 shares; 2025Q3: 5,575 shares; 2025Q4: 5,575 shares 5,575$450K0.32%0Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,000 shares; 2024Q4: 8,000 shares; 2025Q1: 8,000 shares; 2025Q2: 8,000 shares; 2025Q3: 8,000 shares; 2025Q4: 8,000 shares 8,000$412K0.29%0Timeline
SPHQINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,725 shares; 2024Q4: 5,725 shares; 2025Q1: 5,725 shares; 2025Q2: 5,725 shares; 2025Q3: 4,760 shares; 2025Q4: 4,920 shares 4,920$369K0.26%+160Timeline
FCTFIRST TR SR FLTG RATE INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,017 shares; 2024Q4: 30,017 shares; 2025Q1: 30,017 shares; 2025Q2: 30,017 shares; 2025Q3: 30,017 shares; 2025Q4: 30,017 shares 30,017$302K0.21%0Timeline
XEFRXEATON VANCE SR FLTNG RTE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,765 shares; 2025Q3: 14,765 shares; 2025Q4: 24,120 shares 24,120$269K0.19%+9,355Timeline
HIXWESTERN ASSET HIGH INCOM FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,614 shares; 2024Q4: 60,614 shares; 2025Q1: 60,614 shares; 2025Q2: 60,614 shares; 2025Q3: 60,614 shares; 2025Q4: 60,614 shares 60,614$252K0.18%0Timeline
EFTEATON VANCE FLOATING RATE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 17,768 shares 17,768$201K0.14%newTimeline
CCOCLEAR CHANNEL OUTDOOR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,807 shares; 2024Q4: 215,807 shares; 2025Q1: 240,310 shares; 2025Q2: 298,191 shares; 2025Q3: 242,485 shares; 2025Q4: 88,592 shares 88,592$196K0.14%-153,893Timeline
IHRTIHEARTMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,005 shares; 2024Q4: 106,447 shares; 2025Q1: 106,447 shares; 2025Q2: 117,010 shares; 2025Q3: 117,010 shares; 2025Q4: 46,764 shares 46,764$195K0.14%-70,246Timeline
RXTRACKSPACE TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 200,000 shares 200,000$194K0.14%newTimeline
HYTBLACKROCK CORPOR HI YLD FD IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 20,000 shares 20,000$178K0.13%newTimeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
WELLS FARGO & COWELLS FARGO & CO PERP PFD CNV Aprincipal2,870$3.48M0
FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1principal1,847,000$1.92M0
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0principal1,403,000$1.82M0
GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0principal1,800,000$1.61M0
DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BNDprincipal1,434,000$1.48M0
CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1principal1,129,000$1.23M0
PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1principal1,122,000$1.23M0
EVERGY INCEVERGY INC NOTE 4.500%12/1principal932,000$1.13M0
VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0principal761,000$1.07M0
EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1principal882,000$984K0
CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0principal905,000$968K0
SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1principal750,000$800K0
ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1principal746,000$775K0
NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0principal621,000$771K0
WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertibleprincipal500,000$583K0
WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0principal500,000$565K0
AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1principal500,000$498K0
MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1principal475,000$467K0
ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1principal390,000$374K0
PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNVprincipal350,000$374K0
CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bondprincipal185,000$183K0

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SOUTHERN COSOUTHERN CO2,268,000$2.55Mprincipal
CBLCBL & ASSOC PPTYS INC14,909$456Kshares
NEW MTN FIN CORPNEW MTN FIN CORP155,000$155Kprincipal

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001454937-26-000003 base2026-02-09acceptance time not in the bulk data set