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Barings BDC

211 hedge funds and large institutions have $426M invested in Barings BDC in 2025 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 71 increasing their positions, 57 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 20

25% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 57

7% more funds holding

Funds holding: 198211 (+13)

1% more call options, than puts

Call options by funds: $1.7M | Put options by funds: $1.69M

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0.33% less ownership

Funds ownership: 42.67%42.34% (-0.33%)

52% less capital invested

Capital invested by funds: $882M → $426M (-$456M)

Holders
211
Holders Change
+13
Holders Change %
+6.57%
% of All Funds
2.83%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
36
Increased
71
Reduced
57
Closed
20
Calls
$1.7M
Puts
$1.69M
Net Calls
+$19K
Net Calls Change
-$633K
Name Holding Trade Value Shares
Change
Change in
Stake
PCIA
51
Prime Capital Investment Advisors
Kansas
$679K +$40.4K +4,091 +6%
OAM
52
Oxford Asset Management
United Kingdom
$655K +$677K +68,665 New
BA
53
Bard Associates
Illinois
$647K -$3.02K -306 -0.4%
Lido Advisors
54
Lido Advisors
California
$633K -$87.9K -8,910 -12%
MM
55
MQS Management
New York
$617K +$638K +64,640 New
EFG
56
Ethos Financial Group
Pennsylvania
$615K +$636K +64,485 New
Commonwealth Equity Services
57
Commonwealth Equity Services
Massachusetts
$589K +$77.3K +7,833 +15%
SGCA
58
Steel Grove Capital Advisors
Tennessee
$583K -$452K -45,800 -43%
KAS
59
Kestra Advisory Services
Texas
$568K -$94.7K -9,606 -14%
HF
60
HRT Financial
New York
$555K -$1.29M -131,162 -69%
SPIA
61
Steward Partners Investment Advisory
New York
$539K +$168K +17,072 +43%
Mackenzie Financial
62
Mackenzie Financial
Ontario, Canada
$539K +$557K +56,450 New
MML Investors Services
63
MML Investors Services
Massachusetts
$528K +$45.7K +4,637 +9%
HAG
64
HighPoint Advisor Group
Illinois
$510K -$11.7K -1,185 -2%
Stifel Financial
65
Stifel Financial
Missouri
$502K -$374K -37,940 -42%
AWM
66
Apollon Wealth Management
South Carolina
$494K -$43.6K -4,423 -8%
Verition Fund Management
67
Verition Fund Management
Connecticut
$479K +$495K +50,214 New
SS
68
Sunbelt Securities
Texas
$466K -$39.9K -4,048 -8%
GWM
69
Geneos Wealth Management
Colorado
$460K +$259K +26,291 +120%
PFGIA
70
Patriot Financial Group Insurance Agency
Massachusetts
$445K +$238K +24,152 +108%
WA
71
Waverly Advisors
Alabama
$440K -$77.9K -7,902 -15%
VF
72
Virtu Financial
New York
$428K +$442K +44,830 New
Koshinski Asset Management
73
Koshinski Asset Management
Illinois
$416K -$35K -3,546 -8%
Susquehanna International Group
74
Susquehanna International Group
Pennsylvania
$415K +$90.4K +9,162 +27%
LF
75
Lansforsakringar Fondforvaltning
Sweden
$372K +$385K +39,008 New

BBDC Hedge Fund Activity: Q1 2025 in Review

211 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2025, worth a combined $426M — down 52% from $882M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new BBDC positions and 20 closed out — a net gain of 16 holders — while 71 added to existing stakes and 57 trimmed.

The largest buyer was Two Sigma Advisers, adding an estimated $4.49M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $11.6M sold.

  • 211 institutional investors held Barings BDC (BBDC) as of Q1 2025, up from 198 in Q4 2024.
  • Funds reported $426M of Barings BDC stock for Q1 2025, down 52% quarter-over-quarter.
  • 36 funds opened new Barings BDC positions in Q1 2025 and 20 closed out, a net change of +16 holders.
  • The largest Barings BDC buyer in Q1 2025 was Two Sigma Advisers, an estimated $4.49M added.
  • The largest Barings BDC seller in Q1 2025 was Punch & Associates Investment Management, an estimated $11.6M sold.

Based on aggregated 13F filings for Q1 2025.