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Bain Capital Specialty
BCSF

137 hedge funds and large institutions have $475M invested in Bain Capital Specialty in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 54 increasing their positions, 39 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

249% more call options, than puts

Call options by funds: $2.67M | Put options by funds: $766K

38% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 39

1.55% more ownership

Funds ownership: 49.85% → 51.4% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

2% less capital invested

Capital invested by funds: $486M → $475M (-$11.1M)

4% less funds holding

Funds holding: 143 → 137 (-6)

24% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 17

Holders
137
Holders Change
-6
Holders Change %
-4.2%
% of All Funds
1.8%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
13
Increased
54
Reduced
39
Closed
17
Calls
$2.67M
Puts
$766K
Net Calls
+$1.91M
Net Calls Change
+$180K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$5.62M
2
Two Sigma Investments
Two Sigma Investments
New York
+$5.62M
3
CAM
Cresset Asset Management
Illinois
+$2.88M
4
VanEck Associates
VanEck Associates
New York
+$2.76M
5
CC
CF Capital
Massachusetts
+$2.66M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.41M
2
FNT
First National Trust
Pennsylvania
-$1.83M
3
Morgan Stanley
Morgan Stanley
New York
-$1.72M
4
JP Morgan Chase
JP Morgan Chase
New York
-$1.63M
5
HF
HRT Financial
New York
-$1.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCC
1
Bain Capital Credit
Massachusetts
$168M – – –
Bank of America
2
Bank of America
North Carolina
$59.4M -$3.41M -224,735 -5%
UBS Group
3
UBS Group
Switzerland
$21.3M +$644K +42,401 +3%
CAM
4
Cresset Asset Management
Illinois
$20.3M +$2.88M +189,983 +15%
VanEck Associates
5
VanEck Associates
New York
$18.6M +$2.76M +181,591 +16%
Morgan Stanley
6
Morgan Stanley
New York
$17.3M -$1.72M -113,380 -9%
MW
7
Melia Wealth
Oklahoma
$16M +$2.01M +132,497 +13%
DCM
8
Dimension Capital Management
Florida
$9.82M +$1.19M +78,623 +13%
MC
9
Muzinich & Co
New York
$9.23M +$1.42M +93,732 +17%
Sumitomo Mitsui Trust Group
10
Sumitomo Mitsui Trust Group
Japan
$7.77M +$1.49M +98,222 +22%
Rockefeller Capital Management
11
Rockefeller Capital Management
New York
$7.47M +$2.4M +157,971 +43%
Two Sigma Advisers
12
Two Sigma Advisers
New York
$7.46M +$1.67M +109,900 +27%
Millennium Management
13
Millennium Management
New York
$7.28M +$5.62M +370,507 +264%
Two Sigma Investments
14
Two Sigma Investments
New York
$6.98M +$5.62M +370,156 +310%
Franklin Resources
15
Franklin Resources
California
$6.84M +$479K +31,535 +7%
HWAM
16
Hennion & Walsh Asset Management
New Jersey
$5.92M -$271K -17,845 -4%
Legal & General Group
17
Legal & General Group
United Kingdom
$5.58M -$508K -33,463 -8%
BlackRock
18
BlackRock
New York
$5.34M +$1.1M +72,520 +24%
AAM
19
Advisors Asset Management
Colorado
$3.62M +$145K +9,558 +4%
GF
20
Gries Financial
Ohio
$3.19M +$252K +16,597 +8%
CC
21
CF Capital
Massachusetts
$2.49M +$2.66M +175,000 New
Mariner
22
Mariner
Kansas
$2.42M +$1.43K +94 +0.1%
HIMS
23
Hager Investment Management Services
New Hampshire
$2.42M +$81.8K +5,389 +3%
Ameriprise
24
Ameriprise
Minnesota
$2.25M -$309K -20,356 -11%
Qube Research & Technologies (QRT)
25
Qube Research & Technologies (QRT)
United Kingdom
$2.24M -$247K -16,258 -9%
1
2 3 4 5

BCSF Hedge Fund Activity: Q3 2025 in Review

137 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q3 2025, worth a combined $475M — down 2.3% from $486M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BCSF and 13 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 54 added.

The largest buyer was Millennium Management, adding an estimated $5.62M. The largest seller was Bank of America, cutting an estimated $3.41M.

  • 137 institutional investors held Bain Capital Specialty (BCSF) as of Q3 2025, down from 143 in Q2 2025.
  • Funds reported $475M of Bain Capital Specialty stock for Q3 2025, down 2.3% quarter-over-quarter.
  • 13 funds opened new Bain Capital Specialty positions in Q3 2025 and 17 closed out, a net change of -4 holders.
  • The largest Bain Capital Specialty buyer in Q3 2025 was Millennium Management, an estimated $5.62M added.
  • The largest Bain Capital Specialty seller in Q3 2025 was Bank of America, an estimated $3.41M sold.

Based on aggregated 13F filings for Q3 2025.