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Bain Capital Specialty

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.

New
Increased
Maintained
Reduced
Closed

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: 44 (0)

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

1% less funds holding

Funds holding: 8483 (-1)

6% less capital invested

Capital invested by funds: $379M → $359M (-$20.9M)

13% less call options, than puts

Call options by funds: $104K | Put options by funds: $120K

Holders
83
Holders Change
-1
Holders Change %
-1.19%
% of All Funds
1.67%
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
15
Increased
27
Reduced
24
Closed
16
Calls
$104K
Puts
$120K
Net Calls
-$16K
Net Calls Change
-$259K
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Bain Capital Credit
Massachusetts
$121M
ERSOT
2
Employees Retirement System of Texas
Texas
$61M
DCM
3
Dimension Capital Management
Florida
$47.4M -$272K -26,097 -0.6%
RCM
4
Rivernorth Capital Management
Florida
$20.6M +$11M +1,053,424 +109%
UBS Group
5
UBS Group
Switzerland
$18.7M +$1.24M +118,372 +7%
Arrowstreet Capital
6
Arrowstreet Capital
Massachusetts
$8.34M
SIC
7
Starr International Company
Switzerland
$7.66M +$142K +13,589 +2%
Bank of America
8
Bank of America
North Carolina
$7.42M -$6.24M -597,281 -45%
VanEck Associates
9
VanEck Associates
New York
$5.96M +$1.53M +146,958 +34%
IWM
10
IHT Wealth Management
Illinois
$5.18M +$5.3M +507,874 New
Morgan Stanley
11
Morgan Stanley
New York
$4.98M +$1.11M +106,458 +28%
MC
12
Muzinich & Co
New York
$4.43M -$286K -27,423 -6%
Sumitomo Mitsui Trust Group
13
Sumitomo Mitsui Trust Group
Japan
$4.38M -$286K -27,423 -6%
CVSCT
14
C.V. Starr & Co Trust
New York
$4.03M +$142K +13,589 +4%
Two Sigma Advisers
15
Two Sigma Advisers
New York
$3.21M -$677K -64,800 -17%
BlackRock
16
BlackRock
New York
$2.92M +$315K +30,201 +12%
BFA
17
Beaumont Financial Advisors
Massachusetts
$2.67M -$85.5K -8,188 -3%
HighTower Advisors
18
HighTower Advisors
Illinois
$2.57M -$1.36M -129,794 -34%
GC
19
Gillson Capital
Illinois
$2.45M +$1.03M +98,547 +70%
KAS
20
Kestra Advisory Services
Texas
$2.2M +$2.25M +215,308 New
Two Sigma Investments
21
Two Sigma Investments
New York
$1.48M +$673K +64,466 +80%
TYCC
22
Texas Yale Capital Corp
Florida
$1.1M +$182K +17,396 +19%
MYIA
23
Mount Yale Investment Advisors
Colorado
$1.09M +$25.9K +2,484 +2%
California Public Employees Retirement System
24
California Public Employees Retirement System
California
$1.03M +$25.1K +2,400 +2%
V
25
Veritable
Delaware
$1.02M +$1.04M +100,000 New

BCSF Hedge Fund Activity: Q3 2020 in Review

83 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q3 2020, worth a combined $359M — down 5.5% 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 5.5% 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.