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Bain Capital Specialty
BCSF

29 hedge funds and large institutions have $83.7M invested in Bain Capital Specialty in 2019 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

45% more funds holding

Funds holding: 20 → 29 (+9)

35% more capital invested

Capital invested by funds: $61.9M → $83.7M (+$21.7M)

2.36% more ownership

Funds ownership: 7.3% → 9.66% (+2.4%)

20% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 5

Holders
29
Holders Change
+9
Holders Change %
+45%
% of All Funds
0.63%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.06%
New
19
Increased
4
Reduced
5
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIC
Starr International Company
Switzerland
+$13.2M
2
MC
Muzinich & Co
New York
+$8.5M
3
CVSCT
C.V. Starr & Co Trust
New York
+$6.59M
4
VanEck Associates
VanEck Associates
New York
+$5.2M
5
DCM
Dimension Capital Management
Florida
+$3.54M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.44M
2
AM
Ares Management
California
-$3.64M
3
ERSOT
Employees Retirement System of Texas
Texas
-$3.16M
4
ICM
Indaba Capital Management
California
-$2.74M
5
SSA
Schonfeld Strategic Advisors
New York
-$1.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
26
Muzinich & Co
New York
$10.5K +$8.5M +452,952 +456%
PA
27
Parallel Advisors
California
$9K +$9.36K +499 New
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$8K +$8.76K +467 New
ASN
29
Advisory Services Network
Georgia
$6K +$6.21K +331 New
RCM
30
Rivernorth Capital Management
Florida
– -$4.44M -261,555 Closed
AM
31
Ares Management
California
– -$3.64M -220,964 Closed
ERSOT
32
Employees Retirement System of Texas
Texas
– -$3.16M -192,258 Closed
SSA
33
Schonfeld Strategic Advisors
New York
– -$1.55M -94,005 Closed
GC
34
Gillson Capital
Illinois
– -$1.27M -77,250 Closed
Goldman Sachs
35
Goldman Sachs
New York
– -$702K -42,678 Closed
Northern Trust
36
Northern Trust
Illinois
– -$370K -22,490 Closed
LCM
37
Laurion Capital Management
New York
– -$335K -20,380 Closed
Bank of New York Mellon
38
Bank of New York Mellon
New York
– -$234K -14,247 Closed
TRCT
39
Tower Research Capital (TRC)
New York
– -$2K -102 Closed
1
2

BCSF Hedge Fund Activity: Q1 2019 in Review

29 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q1 2019, worth a combined $83.7M — up 35% from $61.9M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BCSF positions and 10 closed out — a net gain of 9 holders — while 4 added to existing stakes and 5 trimmed.

The largest buyer was Starr International Company, opening a new position worth an estimated $13.2M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.44M sold.

  • 29 institutional investors held Bain Capital Specialty (BCSF) as of Q1 2019, up from 20 in Q4 2018.
  • Funds reported $83.7M of Bain Capital Specialty stock for Q1 2019, up 35% quarter-over-quarter.
  • 19 funds opened new Bain Capital Specialty positions in Q1 2019 and 10 closed out, a net change of +9 holders.
  • The largest Bain Capital Specialty buyer in Q1 2019 was Starr International Company, an estimated $13.2M added.
  • The largest Bain Capital Specialty seller in Q1 2019 was Rivernorth Capital Management, an estimated $4.44M sold.

Based on aggregated 13F filings for Q1 2019.