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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

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

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
KI
1
Koch Inc
Kansas
$162M – – –
Bank of America
2
Bank of America
North Carolina
$69.4M +$9.33M +614,393 +13%
MFG
3
Merit Financial Group
Georgia
$23.2M – – –
Pathstone Holdings
4
Pathstone Holdings
New Jersey
$19.3M +$18.9M +1,243,181 +613%
SMA
5
Sage Mountain Advisors
Georgia
$14.1M +$1.94M +128,061 +14%
RCM
6
Requisite Capital Management
Texas
$10.4M -$1.3M -85,766 -10%
Corient Private Wealth
7
Corient Private Wealth
Florida
$7.03M -$149K -9,807 -2%
BlackRock
8
BlackRock
New York
$6.05M +$6.75M +444,283 +4,652%
CCM
9
Callodine Capital Management
Massachusetts
$5.33M +$946K +62,270 +18%
KWM
10
Keebeck Wealth Management
Illinois
$4.7M -$905K -59,615 -15%
Franklin Resources
11
Franklin Resources
California
$4.11M +$1.28M +84,563 +38%
RCM
12
Rivernorth Capital Management
Florida
$3.64M +$4.15M +273,610 New
HWM
13
HB Wealth Management
Georgia
$2.93M +$359K +23,619 +12%
Morgan Stanley
14
Morgan Stanley
New York
$2.86M +$743K +48,945 +30%
AAA
15
AG Asset Advisory
California
$2.71M +$3.09M +203,300 New
Renaissance Technologies
16
Renaissance Technologies
New York
$2.11M -$2.06M -135,941 -46%
UBS Group
17
UBS Group
Switzerland
$2.1M -$1.19M -78,104 -33%
CWM
18
Centric Wealth Management
Illinois
$2.06M -$278K -18,300 -11%
SW
19
SlateStone Wealth
Florida
$2M -$46.3K -3,051 -2%
EPM
20
Equitec Proprietary Markets
Illinois
$1.63M – – –
CC
21
CF Capital
Massachusetts
$1.33M +$1.52M +100,000 New
CAM
22
Cresset Asset Management
Illinois
$1.28M – – –
Millennium Management
23
Millennium Management
New York
$1.11M -$780K -51,344 -38%
IC
24
Inscription Capital
Texas
$1.08M – – –
Wells Fargo
25
Wells Fargo
California
$1.06M +$122K +8,036 +11%
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.