Bain Capital Specialty
BCSF
83 hedge funds and large institutions have $359M invested in Bain Capital Specialty in 2020 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 16 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
1.55% more ownership
Funds ownership: 53% → 54.55% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
1% less funds holding
Funds holding: 84 → 83 (-1)
5% less capital invested
Capital invested by funds: $379M → $359M (-$20.2M)
13% less call options, than puts
Call options by funds: $104K | Put options by funds: $120K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$11M |
| 2 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$5.3M |
| 3 |
VanEck Associates
New York
|
+$1.53M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.24M |
| 5 |
Morgan Stanley
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$6.24M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$3.46M |
| 3 |
Millennium Management
New York
|
-$1.36M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$1.36M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.01M |
BCSF Hedge Fund Activity: Q3 2020 in Review
83 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q3 2020, worth a combined $359M — down 5.3% from $379M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BCSF and 15 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 27 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $11M. The largest seller was Bank of America, cutting an estimated $6.24M.
- 83 institutional investors held Bain Capital Specialty (BCSF) as of Q3 2020, down from 84 in Q2 2020.
- Funds reported $359M of Bain Capital Specialty stock for Q3 2020, down 5.3% quarter-over-quarter.
- 15 funds opened new Bain Capital Specialty positions in Q3 2020 and 16 closed out, a net change of -1 holder.
- The largest Bain Capital Specialty buyer in Q3 2020 was Rivernorth Capital Management, an estimated $11M added.
- The largest Bain Capital Specialty seller in Q3 2020 was Bank of America, an estimated $6.24M sold.
Based on aggregated 13F filings for Q3 2020.