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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
KI
1
Koch Inc
Kansas
$186M +$192M +12,181,352 New
Bank of America
2
Bank of America
North Carolina
$70.1M +$46.7M +2,955,661 +180%
MFG
3
Merit Financial Group
Georgia
$26.5M +$27.4M +1,738,174 New
SMA
4
Sage Mountain Advisors
Georgia
$14.2M +$6.15M +389,317 +72%
RCM
5
Requisite Capital Management
Texas
$13.2M +$7.53M +476,938 +130%
Corient Private Wealth
6
Corient Private Wealth
Florida
$8.27M -$994K -62,954 -10%
KWM
7
Keebeck Wealth Management
Illinois
$6.3M +$2.75M +173,882 +76%
CCM
8
Callodine Capital Management
Massachusetts
$5.15M – – –
Renaissance Technologies
9
Renaissance Technologies
New York
$4.49M -$1.47M -93,200 -24%
UBS Group
10
UBS Group
Switzerland
$3.6M +$1.49M +94,447 +67%
Franklin Resources
11
Franklin Resources
California
$3.41M +$2.3M +145,637 +187%
Pathstone Holdings
12
Pathstone Holdings
New Jersey
$3.1M +$1.59M +100,427 +98%
HWM
13
HB Wealth Management
Georgia
$3M +$383K +24,226 +14%
Morgan Stanley
14
Morgan Stanley
New York
$2.52M +$988K +62,546 +61%
CWM
15
Centric Wealth Management
Illinois
$2.47M +$380K +24,049 +17%
SW
16
SlateStone Wealth
Florida
$2.33M +$789K +49,972 +48%
Cerity Partners
17
Cerity Partners
New York
$2.18M +$1.11M +70,027 +96%
Millennium Management
18
Millennium Management
New York
$2.05M +$1.33M +83,950 +166%
EPM
19
Equitec Proprietary Markets
Illinois
$1.86M +$642K +40,666 +50%
CAM
20
Cresset Asset Management
Illinois
$1.46M +$492K +31,182 +50%
MCM
21
MAI Capital Management
Ohio
$1.34M +$1.97K +125 +0.1%
IC
22
Inscription Capital
Texas
$1.24M +$1.28M +81,132 New
HF
23
HRT Financial
New York
$1.1M +$465K +29,426 +69%
Wells Fargo
24
Wells Fargo
California
$1.09M +$835K +52,853 +283%
AIA
25
Accelerate Investment Advisors
California
$957K +$330K +20,915 +50%
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.