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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
-38.93%
1 Year Est. Return
-15.47%
3 Year Est. Return
-14.74%
5 Year Est. Return
-29.56%
10 Year Est. Return
–
AUM
$157M
AUM Growth
-$119M
(-43%)
Cap. Flow
-$19M
Cap. Flow
% of AUM
-12.11%
Top 10 Holdings %
Top 10 Hldgs %
95.71%
Holding
25
New
11
Increased
1
Reduced
–
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bain Capital Specialty
BCSF
|
+$152M |
| 2 |
Anterix
ATEX
|
+$30.7M |
| 3 |
Golar LNG
GLNG
|
+$28.2M |
| 4 |
BERY
Berry Global Group, Inc.
BERY
|
+$7.77M |
| 5 |
Aramark
ARMK
|
+$5.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Senior Loan ETF
BKLN
|
+$197M |
| 2 |
CMBT
CMB.TECH NV
CMBT
|
+$29.5M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$13.3M |
| 4 |
AYR
Aircastle Ltd
AYR
|
+$7.72M |
| 5 |
Chemours
CC
|
+$4.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 52.8% |
| 2 | Communication Services | 21.29% |
| 3 | Energy | 14% |
| 4 | Materials | 6.46% |
| 5 | Industrials | 4.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bain Capital Specialty
BCSF
$802M
| $80.6M | 51.23% |
+8,861,482
| New | +$152M |
|
|
2
Anterix
ATEX
$1.83B
| $31M | 19.69% |
+678,376
| New | +$30.7M |
|
|
3
Golar LNG
GLNG
$4.95B
| $20.2M | 12.87% |
+2,569,644
| New | +$28.2M |
|
|
BERY
4
DELISTED
Berry Global Group, Inc.
BERY
| $6.56M | 4.17% |
+211,833
| New | +$7.77M |
|
|
5
Aramark
ARMK
$15B
| $2.93M | 1.86% |
+203,041
| New | +$5.35M |
|
6
Stagwell
STGW
$1.84B
| $2.51M | 1.6% |
1,734,112
| – | – |
|
|
SG
7
DELISTED
Sirius International Insurance Group, Ltd. Common Share
SG
| $2.47M | 1.57% |
290,284
| – | – |
|
|
PE
8
DELISTED
PARSLEY ENERGY INC
PE
| $1.62M | 1.03% |
282,164
| – | – |
|
9
Dow Inc
DOW
$21.6B
| $1.37M | 0.87% |
+46,959
| New | +$2M |
|
10
LyondellBasell Industries
LYB
$19.5B
| $1.29M | 0.82% |
+26,100
| New | +$1.92M |
|
11
American Airlines Group
AAL
$9.58B
| $1.26M | 0.8% |
103,557
+54,613
| +112% | +$1.24M |
|
|
GRA
12
DELISTED
W.R. Grace & Co.
GRA
| $1.19M | 0.75% |
+33,277
| New | +$1.9M |
|
13
Delta Air Lines
DAL
$55.9B
| $1.18M | 0.75% |
+41,242
| New | +$2.04M |
|
14
United Airlines
UAL
$38.4B
| $1M | 0.64% |
+31,750
| New | +$2.1M |
|
15
Sabre
SABR
$656M
| $859K | 0.55% |
+144,932
| New | +$2.42M |
|
16
Alpha Metallurgical Resources
AMR
$1.82B
| $704K | 0.45% |
299,629
| – | – |
|
|
VNTR
17
DELISTED
Venator Materials PLC
VNTR
| $237K | 0.15% |
137,500
| – | – |
|
|
QEP
18
DELISTED
QEP RESOURCES, INC.
QEP
| $165K | 0.1% |
492,104
| – | – |
|
|
YUMA
19
DELISTED
Yuma Energy Inc
YUMA
| $165K | 0.1% |
107,153
| – | – |
|
|
20
Invesco Senior Loan ETF
BKLN
$7.1B
| – | – |
-8,623,689
| Closed | -$197M |
|
|
21
Chemours
CC
$2.59B
| – | – |
-227,182
| Closed | -$4.11M |
|
|
22
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| – | – |
-151,277
| Closed | -$13.3M |
|
|
CMBT
23
CMB.TECH NV
CMBT
$4.57B
| – | – |
-2,355,423
| Closed | -$29.5M |
|
|
AYR
24
DELISTED
Aircastle Ltd
AYR
| – | – |
-241,036
| Closed | -$7.72M |
|
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WAOTB
Bain Capital Credit's Q1 2020 Portfolio in Review
As of Q1 2020, Bain Capital Credit held 25 positions worth $157M, down 43% from $277M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Bain Capital Credit withdrew a net $19M in Q1 2020, closing 6 positions. Its most notable exit was Invesco Senior Loan ETF, an estimated $197M position sold in full.
By sector, the portfolio is most concentrated in Financials at 53% of assets, up from 0.92% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Bain Capital Credit opened a new position in Bain Capital Specialty worth $80.6M.
- Bain Capital Credit's largest Q1 2020 buy was Bain Capital Specialty: 8,861,482 shares worth $80.6M.
- Bain Capital Credit added most to American Airlines Group in Q1 2020, an estimated $1.24M increase.
- Bain Capital Credit fully exited Invesco Senior Loan ETF in Q1 2020, selling an estimated $197M.
- Bain Capital Credit's ten largest holdings make up 96% of its $157M portfolio in Q1 2020.
- Bain Capital Credit opened 11 new positions and closed 6 in Q1 2020.
- Bain Capital Credit's portfolio value fell 43% quarter-over-quarter to $157M.
Based on Bain Capital Credit's 13F filing for Q1 2020, filed 15 May 2020.