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BCC
Bain Capital Credit Portfolio holdings
AUM
$303M
1-Year Est. Return
15.47%
This Fund
S&P 500
This Quarter
Est. Return
-14.06%
1 Year Est. Return
-15.47%
3 Year Est. Return
-14.74%
5 Year Est. Return
-29.56%
10 Year Est. Return
–
AUM
$269M
AUM Growth
-$304M
(-53%)
Cap. Flow
-$213M
Cap. Flow
% of AUM
-79.28%
Top 10 Holdings %
Top 10 Hldgs %
97.03%
Holding
21
New
6
Increased
–
Reduced
5
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stagwell
STGW
|
+$8.64M |
| 2 |
DOO
Bombardier Recreational Products
DOO
|
+$7.02M |
| 3 |
Kosmos Energy
KOS
|
+$5.85M |
| 4 |
TVPT
Travelport Worldwide Limited
TVPT
|
+$4.81M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$2.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Champion Homes
SKY
|
+$205M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$11.3M |
| 3 |
Invesco Senior Loan ETF
BKLN
|
+$8.06M |
| 4 |
Element Solutions
ESI
|
+$6.54M |
| 5 |
T-Mobile US
TMUS
|
+$5.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 76.53% |
| 2 | Energy | 12.54% |
| 3 | Industrials | 3.19% |
| 4 | Communication Services | 2.73% |
| 5 | Materials | 0.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Champion Homes
SKY
$4.48B
| $194M | 72.27% |
6,799,631
-7,078,811
| -51% | -$205M |
|
|
CMBT
2
CMB.TECH NV
CMBT
$4.57B
| $23.4M | 8.69% |
2,684,843
| – | – |
|
|
3
Stagwell
STGW
$1.84B
| $7.34M | 2.73% |
+1,768,116
| New | +$8.64M |
|
|
DOO
4
Bombardier Recreational Products
DOO
$4.43B
| $7.08M | 2.63% |
+151,088
| New | +$7.02M |
|
|
AYR
5
DELISTED
Aircastle Ltd
AYR
| $6.5M | 2.42% |
296,916
| – | – |
|
|
6
Kosmos Energy
KOS
$1.56B
| $5.67M | 2.11% |
+692,731
| New | +$5.85M |
|
|
TVPT
7
DELISTED
Travelport Worldwide Limited
TVPT
| $4.38M | 1.63% |
+259,800
| New | +$4.81M |
|
8
Halliburton
HAL
$27.9B
| $3.5M | 1.3% |
86,383
-28,794
| -25% | -$1.19M |
|
|
9
Invesco Senior Loan ETF
BKLN
$7.1B
| $3.49M | 1.3% |
150,700
-349,300
| -70% | -$8.06M |
|
|
10
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $3.01M | 1.12% |
+34,799
| New | +$2.99M |
|
11
American Airlines Group
AAL
$9.58B
| $2.06M | 0.77% |
49,838
| – | – |
|
|
VNTR
12
DELISTED
Venator Materials PLC
VNTR
| $1.24M | 0.46% |
+137,500
| New | +$1.78M |
|
|
YUMA
13
DELISTED
Yuma Energy Inc
YUMA
| $643K | 0.24% |
107,153
| – | – |
|
14
Baytex Energy
BTE
$3.08B
| $529K | 0.2% |
182,250
-60,750
| -25% | -$186K |
|
|
15
State Street Blackstone Senior Loan ETF
SRLN
$5.31B
| $510K | 0.19% |
10,764
-239,236
| -96% | -$11.3M |
|
16
Delta Air Lines
DAL
$55.9B
| – | – |
-40,133
| Closed | -$1.99M |
|
|
17
Element Solutions
ESI
$9.12B
| – | – |
-563,422
| Closed | -$6.54M |
|
18
Southwest Airlines
LUV
$22.1B
| – | – |
-39,880
| Closed | -$2.03M |
|
|
19
T-Mobile US
TMUS
$193B
| – | – |
-93,445
| Closed | -$5.58M |
|
20
United Airlines
UAL
$38.4B
| – | – |
-37,261
| Closed | -$2.6M |
|
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WAOTB
Bain Capital Credit's Q3 2018 Portfolio in Review
As of Q3 2018, Bain Capital Credit held 21 positions worth $269M, down 53% from $573M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Bain Capital Credit withdrew a net $213M in Q3 2018, closing 5 positions and reducing 5 holdings. Its most notable exit was Element Solutions, an estimated $6.54M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 77% of assets, down from 85% a quarter earlier, followed by Energy and Industrials.
Against the trend, Bain Capital Credit opened a new position in Stagwell worth $7.34M.
- Bain Capital Credit's largest Q3 2018 buy was Stagwell: 1,768,116 shares worth $7.34M.
- Bain Capital Credit's biggest Q3 2018 reduction was Champion Homes, cutting an estimated $205M.
- Bain Capital Credit fully exited Element Solutions in Q3 2018, selling an estimated $6.54M.
- Bain Capital Credit's ten largest holdings make up 97% of its $269M portfolio in Q3 2018.
- Bain Capital Credit opened 6 new positions and closed 5 in Q3 2018.
- Bain Capital Credit's portfolio value fell 53% quarter-over-quarter to $269M.
Based on Bain Capital Credit's 13F filing for Q3 2018, filed 14 Nov 2018.