Barings BDC
BBDC
212 hedge funds and large institutions have $401M invested in Barings BDC in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 80 increasing their positions, 49 reducing their positions, and 17 closing their positions.
461% more call options, than puts
Call options by funds: $606K | Put options by funds: $108K
94% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 17
63% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 49
49% more capital inflows, than outflows
Capital inflows: $27.6M | Capital outflows: $18.6M
7% more funds holding
Funds holding: 198 → 212 (+14)
0.7% more ownership
Funds ownership: 42.8% → 43.5% (+0.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.16M |
| 2 |
Muzinich & Co
New York
|
+$1.83M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$1.83M |
| 4 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.8M |
| 5 |
HUB Investment Partners
Austin,
Texas
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$3.52M |
| 2 |
Two Sigma Advisers
New York
|
-$2.09M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.72M |
| 4 |
Trexquant Investment
Stamford,
Connecticut
|
-$1.44M |
| 5 |
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.35M |
BBDC Hedge Fund Activity: Q3 2025 in Review
212 of the 7,661 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q3 2025, worth a combined $401M — down 2.7% from $412M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new BBDC positions and 17 closed out — a net gain of 16 holders — while 80 added to existing stakes and 49 trimmed.
The largest buyer was BlackRock, adding an estimated $2.16M. The largest seller was Tudor Investment Corp, cutting an estimated $3.52M.
- 212 institutional investors held Barings BDC (BBDC) as of Q3 2025, up from 198 in Q2 2025.
- Funds reported $401M of Barings BDC stock for Q3 2025, down 2.7% quarter-over-quarter.
- 33 funds opened new Barings BDC positions in Q3 2025 and 17 closed out, a net change of +16 holders.
- The largest Barings BDC buyer in Q3 2025 was BlackRock, an estimated $2.16M added.
- The largest Barings BDC seller in Q3 2025 was Tudor Investment Corp, an estimated $3.52M sold.
Based on aggregated 13F filings for Q3 2025.