Bain Capital Specialty
BCSF
84 hedge funds and large institutions have $379M invested in Bain Capital Specialty in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 19 closing their positions.
157% more call options, than puts
Call options by funds: $398K | Put options by funds: $155K
52% more capital invested
Capital invested by funds: $250M → $379M (+$130M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
16% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 31
0.17% less ownership
Funds ownership: 53.17% → 53% (-0.17%)
3% less funds holding
Funds holding: 87 → 84 (-3)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$30.6M |
| 2 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
+$18.5M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10M |
| 4 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
+$8.78M |
| 5 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$3.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$2.72M |
| 2 |
Two Sigma Investments
New York
|
-$1.92M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$1.84M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.06M |
| 5 |
RVPG
Relative Value Partners Group
|
-$886K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Victory Capital Management
San Antonio,
Texas
| – | -$24K | -2,735 | Closed |
|
|
ASN
102
Advisory Services Network
Atlanta,
Georgia
| – | -$10K | -1,145 | Closed |
|
|
QT
103
Quantbot Technologies
New York
| – | -$6K | -738 | Closed |
|
BCSF Hedge Fund Activity: Q2 2020 in Review
84 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q2 2020, worth a combined $379M — up 52% from $250M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of BCSF and 17 opened new positions — a net loss of 2 holders — while 31 trimmed existing stakes and 36 added.
The largest buyer was Bain Capital Credit, adding an estimated $30.6M. The largest seller was IHT Wealth Management, exiting entirely with an estimated $2.72M sold.
- 84 institutional investors held Bain Capital Specialty (BCSF) as of Q2 2020, down from 87 in Q1 2020.
- Funds reported $379M of Bain Capital Specialty stock for Q2 2020, up 52% quarter-over-quarter.
- 17 funds opened new Bain Capital Specialty positions in Q2 2020 and 19 closed out, a net change of -2 holders.
- The largest Bain Capital Specialty buyer in Q2 2020 was Bain Capital Credit, an estimated $30.6M added.
- The largest Bain Capital Specialty seller in Q2 2020 was IHT Wealth Management, an estimated $2.72M sold.
Based on aggregated 13F filings for Q2 2020.