Bain Capital Specialty
BCSF
57 hedge funds and large institutions have $338M invested in Bain Capital Specialty in 2019 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 16 increasing their positions, 4 reducing their positions, and 3 closing their positions.
933% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 3
303% more capital invested
Capital invested by funds: $83.7M → $338M (+$254M)
300% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 4
97% more funds holding
Funds holding: 29 → 57 (+28)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
26.12% more ownership
Funds ownership: 9.66% → 35.78% (+26%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
+$67.1M |
| 2 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
+$65.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$50M |
| 4 |
CG
Colony Group
Boston,
Massachusetts
|
+$14.8M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$12.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$1.5M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$449K |
| 3 |
VF
Virtu Financial
New York
|
-$198K |
| 4 |
Barclays
London,
United Kingdom
|
-$64K |
| 5 |
BlackRock
New York
|
-$37.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $64K | +$66.7K | +3,511 | New |
|
52
Canada Life
Winnipeg,
Manitoba, Canada
| $45K | – | – | – |
|
53
Royal Bank of Canada
Toronto,
Ontario, Canada
| $26K | +$17.8K | +937 | +201% |
|
|
AG
54
Advisor Group
Phoenix,
Arizona
| $20K | +$11K | +578 | +103% |
|
55
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $14K | -$7.75K | -408 | -33% |
|
|
LTFS
56
Ladenburg Thalmann Financial Services
Miami,
Florida
| $9K | +$9.69K | +510 | New |
|
|
ASN
57
Advisory Services Network
Atlanta,
Georgia
| $6K | – | – | – |
|
|
CSS
58
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$449K | -23,715 | Closed |
|
|
VF
59
Virtu Financial
New York
| – | -$198K | -10,463 | Closed |
|
|
60
Barclays
London,
United Kingdom
| – | -$64K | -3,377 | Closed |
|
BCSF Hedge Fund Activity: Q2 2019 in Review
57 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q2 2019, worth a combined $338M — up 303% from $83.7M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new BCSF positions and 3 closed out — a net gain of 28 holders — while 16 added to existing stakes and 4 trimmed.
The largest buyer was Employees Retirement System of Texas, opening a new position worth an estimated $67.1M. The largest seller was Indaba Capital Management, cutting an estimated $1.5M.
- 57 institutional investors held Bain Capital Specialty (BCSF) as of Q2 2019, up from 29 in Q1 2019.
- Funds reported $338M of Bain Capital Specialty stock for Q2 2019, up 303% quarter-over-quarter.
- 31 funds opened new Bain Capital Specialty positions in Q2 2019 and 3 closed out, a net change of +28 holders.
- The largest Bain Capital Specialty buyer in Q2 2019 was Employees Retirement System of Texas, an estimated $67.1M added.
- The largest Bain Capital Specialty seller in Q2 2019 was Indaba Capital Management, an estimated $1.5M sold.
Based on aggregated 13F filings for Q2 2019.