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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
Comerica Bank
201
Comerica Bank
Texas
$2.27K +$2.35K +238 New
US Bancorp
202
US Bancorp
Minnesota
$2.21K
MHR
203
Matthew Hamilton Rosenberg
$2K +$2.07K +210 New
CWM
204
Compass Wealth Management
Connecticut
$1.91K
GC
205
Garde Capital
Washington
$1.81K +$1.87K +190 New
SAM
206
Smartleaf Asset Management
Massachusetts
$1.56K
CAM
207
Costello Asset Management
Pennsylvania
$954 +$986 +100 New
Fidelity Investments
208
Fidelity Investments
Massachusetts
$820
SS
209
SBI Securities
Japan
$639
SIC
210
Salem Investment Counselors
North Carolina
$382
HNB
211
Huntington National Bank
Ohio
$10
PAIM
212
Punch & Associates Investment Management
Minnesota
-$11.6M -1,213,601 Closed
HCA
213
Harbor Capital Advisors
Illinois
-$7.24M -756,340 Closed
VEA
214
Virtus ETF Advisers
New York
-$781K -81,557 Closed
ACM
215
Aquatic Capital Management
Illinois
-$427K -44,667 Closed
DTL
216
Dynamic Technology Lab
Singapore
-$272K -28,453 Closed
Connor, Clark & Lunn Investment Management (CC&L)
217
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$226K -23,629 Closed
PA
218
PFG Advisors
Arizona
-$165K -17,236 Closed
FIA
219
Foundations Investment Advisors
Arizona
-$155K -16,170 Closed
GCP
220
GSA Capital Partners
United Kingdom
-$134K -13,969 Closed
Truist Financial
221
Truist Financial
North Carolina
-$112K -11,718 Closed
ET
222
Entropy Technologies
New York
-$97.6K -10,201 Closed
AWM
223
Avior Wealth Management
Nebraska
-$64.4K -6,732 Closed
CFGS
224
Concourse Financial Group Securities
Alabama
-$38.3K -3,881 Closed
CAS
225
Coppell Advisory Solutions
Texas
-$35K -3,668 Closed

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.