Bain Capital Specialty
BCSF
137 hedge funds and large institutions have $475M invested in Bain Capital Specialty in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 54 increasing their positions, 39 reducing their positions, and 17 closing their positions.
249% more call options, than puts
Call options by funds: $2.67M | Put options by funds: $766K
38% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 39
1.55% more ownership
Funds ownership: 49.85% → 51.4% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2% less capital invested
Capital invested by funds: $486M → $475M (-$11.1M)
4% less funds holding
Funds holding: 143 → 137 (-6)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$5.62M |
| 2 |
Two Sigma Investments
New York
|
+$5.62M |
| 3 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$2.88M |
| 4 |
VanEck Associates
New York
|
+$2.76M |
| 5 |
CC
CF Capital
Cohasset,
Massachusetts
|
+$2.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.41M |
| 2 |
FNT
First National Trust
Hermitage,
Pennsylvania
|
-$1.83M |
| 3 |
Morgan Stanley
New York
|
-$1.72M |
| 4 |
JP Morgan Chase
New York
|
-$1.63M |
| 5 |
HF
HRT Financial
New York
|
-$1.47M |
BCSF Hedge Fund Activity: Q3 2025 in Review
137 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q3 2025, worth a combined $475M — down 2.3% from $486M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BCSF and 13 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 54 added.
The largest buyer was Millennium Management, adding an estimated $5.62M. The largest seller was Bank of America, cutting an estimated $3.41M.
- 137 institutional investors held Bain Capital Specialty (BCSF) as of Q3 2025, down from 143 in Q2 2025.
- Funds reported $475M of Bain Capital Specialty stock for Q3 2025, down 2.3% quarter-over-quarter.
- 13 funds opened new Bain Capital Specialty positions in Q3 2025 and 17 closed out, a net change of -4 holders.
- The largest Bain Capital Specialty buyer in Q3 2025 was Millennium Management, an estimated $5.62M added.
- The largest Bain Capital Specialty seller in Q3 2025 was Bank of America, an estimated $3.41M sold.
Based on aggregated 13F filings for Q3 2025.