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KBDC

Kayne Anderson BDC
KBDC

83 hedge funds and large institutions have $371M invested in Kayne Anderson BDC in 2025 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 11

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

19% more funds holding

Funds holding: 70 → 83 (+13)

4.22% more ownership

Funds ownership: 35.23% → 39.45% (+4.2%)

6% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 18

3% less capital invested

Capital invested by funds: $382M → $371M (-$10.2M)

Holders
83
Holders Change
+13
Holders Change %
+18.57%
% of All Funds
1.09%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
24
Increased
19
Reduced
18
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$18.9M
2
Bank of America
Bank of America
North Carolina
+$9.33M
3
BlackRock
BlackRock
New York
+$6.75M
4
RCM
Rivernorth Capital Management
Florida
+$4.15M
5
AAA
AG Asset Advisory
California
+$3.09M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$2.06M
2
MCM
MAI Capital Management
Ohio
-$1.34M
3
RCM
Requisite Capital Management
Texas
-$1.3M
4
UBS Group
UBS Group
Switzerland
-$1.19M
5
Cerity Partners
Cerity Partners
New York
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
HF
26
HRT Financial
New York
$932K -$28.1K -1,850 -3%
MF
27
Magnetar Financial
Illinois
$885K +$1.01M +66,413 New
Cerity Partners
28
Cerity Partners
New York
$884K -$1.16M -76,699 -54%
MG
29
Marex Group
$747K +$568K +37,398 +200%
Invesco
30
Invesco
Georgia
$741K +$161K +10,585 +23%
AIA
31
Accelerate Investment Advisors
California
$690K -$166K -10,947 -17%
AI
32
Accredited Investors
Minnesota
$678K +$154K +10,142 +25%
CIM
33
Confluence Investment Management
Missouri
$664K -$94.8K -6,245 -11%
MM
34
MQS Management
New York
$607K +$692K +45,598 New
HWAM
35
Hennion & Walsh Asset Management
New Jersey
$539K +$615K +40,481 New
AWM
36
Apollon Wealth Management
South Carolina
$484K – – –
Brown Advisory
37
Brown Advisory
Maryland
$478K – – –
ZIG
38
Zuckerman Investment Group
Illinois
$466K +$75.9K +5,000 +17%
BW
39
BIP Wealth
Georgia
$405K – – –
Neuberger Berman Group
40
Neuberger Berman Group
New York
$400K +$456K +30,000 New
Balyasny Asset Management
41
Balyasny Asset Management
Illinois
$370K +$421K +27,751 New
VCM
42
Voleon Capital Management
California
$345K +$393K +25,879 New
PC
43
Promus Capital
Illinois
$331K – – –
Truist Financial
44
Truist Financial
North Carolina
$325K -$15 -1 -0%
Rockefeller Capital Management
45
Rockefeller Capital Management
New York
$306K +$349K +23,006 New
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$304K +$8.43K +555 +2%
QC
47
Quadrature Capital
United Kingdom
$301K +$344K +22,659 New
NA
48
NewEdge Advisors
Louisiana
$281K – – –
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$280K +$207K +13,602 +184%
RPCA
50
Running Point Capital Advisors
California
$279K +$318K +20,914 New
1
2
3 4

KBDC Hedge Fund Activity: Q3 2025 in Review

83 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Kayne Anderson BDC (KBDC) for Q3 2025, worth a combined $371M — down 2.7% from $382M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new KBDC positions and 11 closed out — a net gain of 13 holders — while 19 added to existing stakes and 18 trimmed.

The largest buyer was Pathstone Holdings, adding an estimated $18.9M. The largest seller was Renaissance Technologies, cutting an estimated $2.06M.

  • 83 institutional investors held Kayne Anderson BDC (KBDC) as of Q3 2025, up from 70 in Q2 2025.
  • Funds reported $371M of Kayne Anderson BDC stock for Q3 2025, down 2.7% quarter-over-quarter.
  • 24 funds opened new Kayne Anderson BDC positions in Q3 2025 and 11 closed out, a net change of +13 holders.
  • The largest Kayne Anderson BDC buyer in Q3 2025 was Pathstone Holdings, an estimated $18.9M added.
  • The largest Kayne Anderson BDC seller in Q3 2025 was Renaissance Technologies, an estimated $2.06M sold.

Based on aggregated 13F filings for Q3 2025.