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Bain Capital Specialty
BCSF

147 hedge funds and large institutions have $552M invested in Bain Capital Specialty in 2025 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 60 increasing their positions, 36 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

270% more call options, than puts

Call options by funds: $4.59M | Put options by funds: $1.24M

88% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 16

67% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 36

8% more funds holding

Funds holding: 136 → 147 (+11)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.59% less ownership

Funds ownership: 52.05% → 51.46% (-0.59%)

6% less capital invested

Capital invested by funds: $590M → $552M (-$38M)

Holders
147
Holders Change
+11
Holders Change %
+8.09%
% of All Funds
1.97%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
30
Increased
60
Reduced
36
Closed
16
Calls
$4.59M
Puts
$1.24M
Net Calls
+$3.35M
Net Calls Change
+$975K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$3.53M
2
Citadel Advisors
Citadel Advisors
Florida
+$3.49M
3
CSS
Cubist Systematic Strategies
Connecticut
+$2.15M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$1.49M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$1.19M

Top Sellers

Rank Fund Capital Flow
1
SILC
Starr Indemnity & Liability Company
New York
-$9.56M
2
BCC
Bain Capital Credit
Massachusetts
-$8.59M
3
Bank of America
Bank of America
North Carolina
-$2.27M
4
CWA
Cura Wealth Advisors
Illinois
-$2.04M
5
CAM
Cresset Asset Management
Illinois
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
101
SeaCrest Wealth Management
New York
$270K +$286K +16,250 New
US Bancorp
102
US Bancorp
Minnesota
$268K -$264K -15,000 -48%
VF
103
Virtu Financial
New York
$262K +$278K +15,791 New
PC
104
Prairiewood Capital
North Dakota
$246K -$7.06K -401 -3%
MA
105
Mutual Advisors
Nebraska
$245K +$13.5K +768 +5%
ERSOT
106
Employees Retirement System of Texas
Texas
$233K +$248K +14,064 New
Verition Fund Management
107
Verition Fund Management
Connecticut
$223K +$237K +13,456 New
SAM
108
Seelaus Asset Management
New Jersey
$221K +$4.4K +250 +2%
FFA
109
Farther Finance Advisors
California
$214K -$50.2K -2,850 -18%
PIA
110
Perennial Investment Advisors
California
$208K – – –
ASN
111
Advisory Services Network
Georgia
$202K -$1.09K -62 -0.5%
MCCA
112
Mill Creek Capital Advisors
Pennsylvania
$201K – – –
JF
113
Jump Financial
Illinois
$200K +$212K +12,061 New
CFG
114
Cooper Financial Group
California
$197K -$56.1K -3,183 -21%
OCPWS
115
One Charles Private Wealth Services
Massachusetts
$186K +$9.85K +559 +5%
MM
116
MQS Management
New York
$176K +$186K +10,575 New
William Blair & Company
117
William Blair & Company
Illinois
$172K -$35.2K -2,000 -16%
Creative Planning
118
Creative Planning
Kansas
$169K +$179K +10,175 New
BF
119
BOK Financial
Oklahoma
$162K – – –
BTI
120
Blue Trust Inc
Georgia
$152K +$8.01K +455 +5%
RFA
121
Register Financial Advisors
Georgia
$138K +$2.94K +167 +2%
ACM
122
Anfield Capital Management
California
$133K – – –
QL
123
Quarry LP
New York
$100K +$106K +6,023 New
MCM
124
MAI Capital Management
Ohio
$86K – – –
Citigroup
125
Citigroup
New York
$54.6K +$5.64K +320 +11%
3 4
5
6 7

BCSF Hedge Fund Activity: Q1 2025 in Review

147 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q1 2025, worth a combined $552M — down 6.4% from $590M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new BCSF positions and 16 closed out — a net gain of 14 holders — while 60 added to existing stakes and 36 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $3.53M. The largest seller was Starr Indemnity & Liability Company, cutting an estimated $9.56M.

  • 147 institutional investors held Bain Capital Specialty (BCSF) as of Q1 2025, up from 136 in Q4 2024.
  • Funds reported $552M of Bain Capital Specialty stock for Q1 2025, down 6.4% quarter-over-quarter.
  • 30 funds opened new Bain Capital Specialty positions in Q1 2025 and 16 closed out, a net change of +14 holders.
  • The largest Bain Capital Specialty buyer in Q1 2025 was Millennium Management, an estimated $3.53M added.
  • The largest Bain Capital Specialty seller in Q1 2025 was Starr Indemnity & Liability Company, an estimated $9.56M sold.

Based on aggregated 13F filings for Q1 2025.