Barings BDC
BBDC
218 hedge funds and large institutions have $439M invested in Barings BDC in 2025 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 59 increasing their positions, 66 reducing their positions, and 32 closing their positions.
14,543% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $7K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
28% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 32
9% more capital invested
Capital invested by funds: $402M → $439M (+$37.5M)
4% more funds holding
Funds holding: 210 → 218 (+8)
1.95% more ownership
Funds ownership: 43.54% → 45.49% (+1.9%)
11% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$8.88M |
| 2 |
DCP
Diameter Capital Partners
New York
|
+$8.56M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$4.4M |
| 4 |
PMG
Private Management Group
Irvine,
California
|
+$4.26M |
| 5 |
Jane Street
New York
|
+$2.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$9.43M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$8.52M |
| 3 |
Two Sigma Advisers
New York
|
-$4.13M |
| 4 |
BAMF
BI Asset Management Fondsmaeglerselskab
Kobenhavn,
Denmark
|
-$2.18M |
| 5 |
SGCA
Steel Grove Capital Advisors
Memphis,
Tennessee
|
-$2.09M |
BBDC Hedge Fund Activity: Q4 2025 in Review
218 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q4 2025, worth a combined $439M — up 9.3% from $402M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new BBDC positions and 32 closed out — a net gain of 9 holders — while 59 added to existing stakes and 66 trimmed.
The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $8.88M. The largest seller was Invesco, cutting an estimated $9.43M.
- 218 institutional investors held Barings BDC (BBDC) as of Q4 2025, up from 210 in Q3 2025.
- Funds reported $439M of Barings BDC stock for Q4 2025, up 9.3% quarter-over-quarter.
- 41 funds opened new Barings BDC positions in Q4 2025 and 32 closed out, a net change of +9 holders.
- The largest Barings BDC buyer in Q4 2025 was Focus Partners Wealth, an estimated $8.88M added.
- The largest Barings BDC seller in Q4 2025 was Invesco, an estimated $9.43M sold.
Based on aggregated 13F filings for Q4 2025.