Bain Capital Specialty
BCSF
95 hedge funds and large institutions have $500M invested in Bain Capital Specialty in 2021 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 24 reducing their positions, and 15 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 24
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
12% more capital invested
Capital invested by funds: $447M → $500M (+$53.1M)
1% more funds holding
Funds holding: 94 → 95 (+1)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
4.56% less ownership
Funds ownership: 56.96% → 52.4% (-4.6%)
52% less call options, than puts
Call options by funds: $872K | Put options by funds: $1.81M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.76M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.06M |
| 3 |
HAC
Harbor Advisory Corp
Portsmouth,
New Hampshire
|
+$2.79M |
| 4 |
VanEck Associates
New York
|
+$1.61M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$26.8M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$26.5M |
| 3 |
FFM
Fullerton Fund Management
Singapore
|
-$7.16M |
| 4 |
Two Sigma Advisers
New York
|
-$2.69M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$598K |
BCSF Hedge Fund Activity: Q1 2021 in Review
95 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q1 2021, worth a combined $500M — up 12% from $447M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BCSF positions and 15 closed out — a net gain of 3 holders — while 33 added to existing stakes and 24 trimmed.
The largest buyer was Bank of America, adding an estimated $4.76M. The largest seller was Employees Retirement System of Texas, cutting an estimated $26.8M.
- 95 institutional investors held Bain Capital Specialty (BCSF) as of Q1 2021, up from 94 in Q4 2020.
- Funds reported $500M of Bain Capital Specialty stock for Q1 2021, up 12% quarter-over-quarter.
- 18 funds opened new Bain Capital Specialty positions in Q1 2021 and 15 closed out, a net change of +3 holders.
- The largest Bain Capital Specialty buyer in Q1 2021 was Bank of America, an estimated $4.76M added.
- The largest Bain Capital Specialty seller in Q1 2021 was Employees Retirement System of Texas, an estimated $26.8M sold.
Based on aggregated 13F filings for Q1 2021.