Palmer Square Capital BDC
PSBD
31 hedge funds and large institutions have $232M invested in Palmer Square Capital BDC in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 5 closing their positions.
1% more capital invested
Capital invested by funds: $229M → $232M (+$2.75M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.45% less ownership
Funds ownership: 52.4% → 50.94% (-1.5%)
11% less funds holding
Funds holding: 35 → 31 (-4)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.41M |
| 2 |
AP
Arlington Partners
Birmingham,
Alabama
|
+$1.73M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$997K |
| 4 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$310K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner
Overland Park,
Kansas
|
-$2.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.24M |
| 3 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$1.13M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$923K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$686K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HF
26
HRT Financial
New York
| $167K | -$288K | -21,314 | -64% |
|
|
DWT
27
Dorsey & Whitney Trust
Sioux Falls,
South Dakota
| $146K | – | – | – |
|
28
JP Morgan Chase
New York
| $89.7K | -$43.5K | -3,224 | -33% |
|
|
AT
29
Arlington Trust
Birmingham,
Alabama
| $72.6K | – | – | – |
|
30
Wells Fargo
San Francisco,
California
| $34.9K | -$101K | -7,500 | -75% |
|
|
NA
31
NewEdge Advisors
New Orleans,
Louisiana
| $22.2K | – | – | – |
|
|
32
Franklin Resources
San Mateo,
California
| – | -$923K | -69,311 | Closed |
|
|
33
Raymond James Financial
St Petersburg,
Florida
| – | -$686K | -51,504 | Closed |
|
34
Citadel Advisors
Miami,
Florida
| – | -$570K | -42,760 | Closed |
|
35
Jane Street
New York
| – | -$360K | -27,017 | Closed |
|
36
Citigroup
New York
| – | -$19.6K | -1,469 | Closed |
|
PSBD Hedge Fund Activity: Q2 2025 in Review
31 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Palmer Square Capital BDC (PSBD) for Q2 2025, worth a combined $232M — up 1.2% from $229M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PSBD and 2 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $3.41M. The largest seller was Mariner, cutting an estimated $2.2M.
- 31 institutional investors held Palmer Square Capital BDC (PSBD) as of Q2 2025, down from 35 in Q1 2025.
- Funds reported $232M of Palmer Square Capital BDC stock for Q2 2025, up 1.2% quarter-over-quarter.
- 2 funds opened new Palmer Square Capital BDC positions in Q2 2025 and 5 closed out, a net change of -3 holders.
- The largest Palmer Square Capital BDC buyer in Q2 2025 was Morgan Stanley, an estimated $3.41M added.
- The largest Palmer Square Capital BDC seller in Q2 2025 was Mariner, an estimated $2.2M sold.
Based on aggregated 13F filings for Q2 2025.