Bain Capital Specialty
BCSF
87 hedge funds and large institutions have $250M invested in Bain Capital Specialty in 2020 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 24 increasing their positions, 27 reducing their positions, and 16 closing their positions.
69% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 16
17.82% more ownership
Funds ownership: 35.35% → 53.17% (+18%)
12% more funds holding
Funds holding: 78 → 87 (+9)
8% more call options, than puts
Call options by funds: $289K | Put options by funds: $267K
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
11% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 27
29% less capital invested
Capital invested by funds: $354M → $250M (-$104M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$152M |
| 2 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
+$15.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$10M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$6.27M |
| 5 |
Two Sigma Advisers
New York
|
+$2.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$12M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$8.36M |
| 3 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
-$3.87M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.51M |
| 5 |
Two Sigma Investments
New York
|
-$3.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Barclays
London,
United Kingdom
| – | -$1K | -31 | Closed |
|
|
SHWM
102
Silicon Hills Wealth Management
Austin,
Texas
| – | -$68 | -2 | Closed |
|
BCSF Hedge Fund Activity: Q1 2020 in Review
87 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q1 2020, worth a combined $250M — down 29% from $354M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new BCSF positions and 16 closed out — a net gain of 11 holders — while 24 added to existing stakes and 27 trimmed.
The largest buyer was Bain Capital Credit, opening a new position worth an estimated $152M. The largest seller was UBS Group, cutting an estimated $12M.
- 87 institutional investors held Bain Capital Specialty (BCSF) as of Q1 2020, up from 78 in Q4 2019.
- Funds reported $250M of Bain Capital Specialty stock for Q1 2020, down 29% quarter-over-quarter.
- 27 funds opened new Bain Capital Specialty positions in Q1 2020 and 16 closed out, a net change of +11 holders.
- The largest Bain Capital Specialty buyer in Q1 2020 was Bain Capital Credit, an estimated $152M added.
- The largest Bain Capital Specialty seller in Q1 2020 was UBS Group, an estimated $12M sold.
Based on aggregated 13F filings for Q1 2020.