Barings BDC
BBDC
211 hedge funds and large institutions have $425M invested in Barings BDC in 2025 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 57 reducing their positions, and 20 closing their positions.
80% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 20
23% more repeat investments, than reductions
Existing positions increased: 70 | 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)
0.36% less ownership
Funds ownership: 42.67% → 42.32% (-0.36%)
1% less capital invested
Capital invested by funds: $431M → $425M (-$5.71M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$4.49M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.75M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$2.7M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$2.63M |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$11.6M |
| 2 |
HCA
Harbor Capital Advisors
Chicago,
Illinois
|
-$7.24M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$5.97M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.9M |
| 5 |
VanEck Associates
New York
|
-$1.72M |
BBDC Hedge Fund Activity: Q1 2025 in Review
211 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2025, worth a combined $425M — down 1.3% from $431M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new BBDC positions and 20 closed out — a net gain of 16 holders — while 70 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 $425M of Barings BDC stock for Q1 2025, down 1.3% 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.