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Barings BDC
BBDC

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: 198 → 211 (+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: 2 → 2 (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

Top Buyers

Rank Fund Capital Flow
1
Two Sigma Advisers
Two Sigma Advisers
New York
+$4.49M
2
UBS Group
UBS Group
Switzerland
+$2.75M
3
Franklin Resources
Franklin Resources
California
+$2.7M
4
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$2.63M
5
CAM
Cresset Asset Management
Illinois
+$2.28M

Top Sellers

Rank Fund Capital Flow
1
PAIM
Punch & Associates Investment Management
Minnesota
-$11.6M
2
HCA
Harbor Capital Advisors
Illinois
-$7.24M
3
Raymond James Financial
Raymond James Financial
Florida
-$5.97M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$1.9M
5
VanEck Associates
VanEck Associates
New York
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
BHCM
126
Brevan Howard Capital Management
Jersey
$151K +$37.9K +3,841 +32%
KA
127
Kovack Advisors
Florida
$147K – – –
CC
128
Centiva Capital
New York
$146K +$151K +15,328 New
DLP
129
De Lisle Partners
United Kingdom
$146K – – –
AF
130
Allworth Financial
California
$143K +$247 +25 +0.2%
CFD
131
Creative Financial Designs
Indiana
$142K +$385 +39 +0.3%
KCPT
132
Kingstone Capital Partners Texas
Texas
$142K +$7.79K +790 +6%
FFN
133
Focus Financial Network
Minnesota
$141K – – –
FNT
134
First National Trust
Pennsylvania
$140K – – –
NHC
135
Nicholas Hoffman & Company
Georgia
$137K – – –
CPBTD
136
Central Pacific Bank - Trust Division
Hawaii
$135K – – –
IA
137
Integrity Alliance
Iowa
$134K +$2.58K +262 +2%
ASN
138
Advisory Services Network
Georgia
$133K +$20.7K +2,100 +18%
WIM
139
WealthPlan Investment Management
Nebraska
$133K – – –
EF
140
Empowered Funds
Pennsylvania
$131K +$136K +13,761 New
Citadel Advisors
141
Citadel Advisors
Florida
$128K +$132K +13,386 New
HKIMG
142
Hutchens & Kramer Investment Management Group
Indiana
$127K – – –
Brown Advisory
143
Brown Advisory
Maryland
$126K – – –
SIA
144
Soltis Investment Advisors
Utah
$125K +$130K +13,146 New
SIS
145
Sound Income Strategies
Florida
$121K -$2.45K -248 -2%
Carson Wealth (CWM LLC)
146
Carson Wealth (CWM LLC)
Nebraska
$119K -$20.7K -2,103 -14%
ACM
147
AlphaStar Capital Management
North Carolina
$116K -$27K -2,738 -18%
IAS
148
Insigneo Advisory Services
Florida
$116K +$2.82K +286 +2%
RFA
149
Register Financial Advisors
Georgia
$116K +$464 +47 +0.4%
BCM
150
Brookstone Capital Management
Illinois
$115K -$14.8K -1,496 -11%
4 5
6
7 8

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.