Bain Capital Specialty
BCSF
78 hedge funds and large institutions have $354M invested in Bain Capital Specialty in 2019 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 9 closing their positions.
178% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 9
61% more call options, than puts
Call options by funds: $410K | Put options by funds: $254K
50% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 18
26% more funds holding
Funds holding: 62 → 78 (+16)
1% more capital invested
Capital invested by funds: $350M → $354M (+$4.36M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.02% less ownership
Funds ownership: 36.37% → 35.35% (-1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$8.61M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.73M |
| 3 |
Two Sigma Advisers
New York
|
+$5.06M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$4.85M |
| 5 |
D.E. Shaw & Co
New York
|
+$2.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$14.1M |
| 2 |
CG
Colony Group
Boston,
Massachusetts
|
-$14M |
| 3 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$4.35M |
| 4 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
-$3.22M |
| 5 |
Millennium Management
New York
|
-$2.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Barclays
London,
United Kingdom
| $1K | +$583 | +31 | New |
|
|
SHWM
77
Silicon Hills Wealth Management
Austin,
Texas
| $68 | +$38 | +2 | New |
|
|
78
Millennium Management
New York
| – | -$2.81M | -151,192 | Closed |
|
|
CIM
79
Confluence Investment Management
St. Louis,
Missouri
| – | -$1.89M | -101,733 | Closed |
|
|
RCG
80
Ruggie Capital Group
Tavares,
Florida
| – | -$1.61M | -86,482 | Closed |
|
81
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1.52M | -81,520 | Closed |
|
|
PP
82
PagnatoKarp Partners
Reston,
Virginia
| – | -$260K | -13,689 | Closed |
|
|
ECM
83
ExodusPoint Capital Management
New York
| – | -$225K | -12,093 | Closed |
|
84
Victory Capital Management
San Antonio,
Texas
| – | -$26K | -1,422 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | -$4K | -204 | Closed |
|
86
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -79 | Closed |
|
87
Citigroup
New York
| – | +$470 | +25 | New |
|
BCSF Hedge Fund Activity: Q4 2019 in Review
78 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q4 2019, worth a combined $354M — up 1.2% from $350M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new BCSF positions and 9 closed out — a net gain of 16 holders — while 27 added to existing stakes and 18 trimmed.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $8.61M. The largest seller was Indaba Capital Management, cutting an estimated $14.1M.
- 78 institutional investors held Bain Capital Specialty (BCSF) as of Q4 2019, up from 62 in Q3 2019.
- Funds reported $354M of Bain Capital Specialty stock for Q4 2019, up 1.2% quarter-over-quarter.
- 25 funds opened new Bain Capital Specialty positions in Q4 2019 and 9 closed out, a net change of +16 holders.
- The largest Bain Capital Specialty buyer in Q4 2019 was Two Sigma Investments, an estimated $8.61M added.
- The largest Bain Capital Specialty seller in Q4 2019 was Indaba Capital Management, an estimated $14.1M sold.
Based on aggregated 13F filings for Q4 2019.