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KBDC

Kayne Anderson BDC
KBDC

70 hedge funds and large institutions have $382M invested in Kayne Anderson BDC in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 6 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 6

276% more capital invested

Capital invested by funds: $101M → $382M (+$280M)

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

26.45% more ownership

Funds ownership: 8.77% → 35.23% (+26%)

13% more funds holding

Funds holding: 62 → 70 (+8)

Holders
70
Holders Change
+8
Holders Change %
+12.9%
% of All Funds
0.92%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
19
Increased
42
Reduced
6
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KI
Koch Inc
Kansas
+$192M
2
Bank of America
Bank of America
North Carolina
+$46.7M
3
MFG
Merit Financial Group
Georgia
+$27.4M
4
RCM
Requisite Capital Management
Texas
+$7.53M
5
SMA
Sage Mountain Advisors
Georgia
+$6.15M

Top Sellers

Rank Fund Capital Flow
1
STA
Summit Trail Advisors
New York
-$1.77M
2
Renaissance Technologies
Renaissance Technologies
New York
-$1.47M
3
Corient Private Wealth
Corient Private Wealth
Florida
-$994K
4
CIM
Confluence Investment Management
Missouri
-$861K
5
Northern Trust
Northern Trust
Illinois
-$523K
Name Holding Trade Value Shares
Change 		Change in
Stake
GVCM
51
Global View Capital Management
Wisconsin
$236K +$81.4K +5,156 +50%
BNP Paribas Financial Markets
52
BNP Paribas Financial Markets
France
$230K +$238K +15,062 New
FMWA
53
Forvis Mazars Wealth Advisors
Missouri
$227K +$235K +14,901 New
VC
54
Veery Capital
Delaware
$227K +$235K +14,901 New
Stifel Financial
55
Stifel Financial
Missouri
$225K +$233K +14,750 New
AF
56
Advisornet Financial
Minnesota
$213K -$12.6K -800 -5%
EGA
57
Eagle Global Advisors
Texas
$204K – – –
ASN
58
Advisory Services Network
Georgia
$192K +$196K +12,407 New
ACP
59
Arcus Capital Partners
Georgia
$189K +$195K +12,375 New
VFA
60
Valeo Financial Advisors
Indiana
$184K +$191K +12,090 New
BL
61
Balentine LLC
Georgia
$182K +$188K +11,922 New
Osaic Holdings
62
Osaic Holdings
Arizona
$157K +$67.3K +4,261 +71%
Susquehanna International Group
63
Susquehanna International Group
Pennsylvania
$156K +$161K +10,193 New
BlackRock
64
BlackRock
New York
$146K +$4.18K +265 +3%
Raymond James Financial
65
Raymond James Financial
Florida
$145K -$18K -1,138 -11%
CIBC Private Wealth Group
66
CIBC Private Wealth Group
Georgia
$127K +$43.9K +2,782 +50%
Royal Bank of Canada
67
Royal Bank of Canada
Ontario, Canada
$113K +$30K +1,900 +35%
SNB
68
Security National Bank
Nebraska
$25.3K +$4.42K +280 +20%
AF
69
Allworth Financial
California
$10.7K +$11.1K +700 New
BIG
70
Brooklyn Investment Group
New York
$413 +$426 +27 New
STA
71
Summit Trail Advisors
New York
– -$1.77M -106,310 Closed
Northern Trust
72
Northern Trust
Illinois
– -$523K -32,256 Closed
Janus Henderson Group
73
Janus Henderson Group
United Kingdom
– -$490K -29,680 Closed
Qube Research & Technologies (QRT)
74
Qube Research & Technologies (QRT)
United Kingdom
– -$318K -19,634 Closed
CSS
75
Cubist Systematic Strategies
Connecticut
– -$268K -16,504 Closed
1 2
3
4

KBDC Hedge Fund Activity: Q2 2025 in Review

70 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Kayne Anderson BDC (KBDC) for Q2 2025, worth a combined $382M — up 276% from $101M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new KBDC positions and 11 closed out — a net gain of 8 holders — while 42 added to existing stakes and 6 trimmed.

The largest buyer was Koch Inc, opening a new position worth an estimated $192M. The largest seller was Summit Trail Advisors, exiting entirely with an estimated $1.77M sold.

  • 70 institutional investors held Kayne Anderson BDC (KBDC) as of Q2 2025, up from 62 in Q1 2025.
  • Funds reported $382M of Kayne Anderson BDC stock for Q2 2025, up 276% quarter-over-quarter.
  • 19 funds opened new Kayne Anderson BDC positions in Q2 2025 and 11 closed out, a net change of +8 holders.
  • The largest Kayne Anderson BDC buyer in Q2 2025 was Koch Inc, an estimated $192M added.
  • The largest Kayne Anderson BDC seller in Q2 2025 was Summit Trail Advisors, an estimated $1.77M sold.

Based on aggregated 13F filings for Q2 2025.