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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$18.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$9.33M |
| 3 |
BlackRock
New York
|
+$6.75M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.15M |
| 5 |
AAA
AG Asset Advisory
Los Angeles,
California
|
+$3.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$2.06M |
| 2 |
MCM
MAI Capital Management
Independence,
Ohio
|
-$1.34M |
| 3 |
RCM
Requisite Capital Management
Dallas,
Texas
|
-$1.3M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.19M |
| 5 |
Cerity Partners
New York
|
-$1.16M |
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.