Bain Capital Specialty
BCSF
132 hedge funds and large institutions have $419M invested in Bain Capital Specialty in 2026 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 41 increasing their positions, 48 reducing their positions, and 27 closing their positions.
172% more call options, than puts
Call options by funds: $890K | Put options by funds: $327K
0.7% less ownership
Funds ownership: 52.83% → 52.13% (-0.7%)
7% less funds holding
Funds holding: 142 → 132 (-10)
12% less capital invested
Capital invested by funds: $477M → $419M (-$57.6M)
15% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 48
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
26% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$11.6M |
| 2 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
+$5.42M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$4.63M |
| 4 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$4.25M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$6.09M |
| 2 |
Millennium Management
New York
|
-$5.27M |
| 3 |
Rockefeller Capital Management
New York
|
-$4.87M |
| 4 |
CEFA
Closed-End Fund Advisors
Richmond,
Virginia
|
-$4.54M |
| 5 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$3.83M |
BCSF Hedge Fund Activity: Q1 2026 in Review
132 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Bain Capital Specialty (BCSF) for Q1 2026, worth a combined $419M — down 12% from $477M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of BCSF and 20 opened new positions — a net loss of 7 holders — while 48 trimmed existing stakes and 41 added.
The largest buyer was Two Sigma Investments, adding an estimated $11.6M. The largest seller was Bank of America, cutting an estimated $6.09M.
- 132 institutional investors held Bain Capital Specialty (BCSF) as of Q1 2026, down from 142 in Q4 2025.
- Funds reported $419M of Bain Capital Specialty stock for Q1 2026, down 12% quarter-over-quarter.
- 20 funds opened new Bain Capital Specialty positions in Q1 2026 and 27 closed out, a net change of -7 holders.
- The largest Bain Capital Specialty buyer in Q1 2026 was Two Sigma Investments, an estimated $11.6M added.
- The largest Bain Capital Specialty seller in Q1 2026 was Bank of America, an estimated $6.09M sold.
Based on aggregated 13F filings for Q1 2026.