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Palmer Square Capital BDC
PSBD

39 hedge funds and large institutions have $200M invested in Palmer Square Capital BDC in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

29% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 7

26% more funds holding

Funds holding: 31 → 39 (+8)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

0.77% less ownership

Funds ownership: 50.94% → 50.17% (-0.77%)

14% less capital invested

Capital invested by funds: $232M → $200M (-$32.4M)

Holders
39
Holders Change
+8
Holders Change %
+25.81%
% of All Funds
0.51%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
12
Increased
9
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Marshall Wace
Marshall Wace
United Kingdom
+$1.51M
2
BlackRock
BlackRock
New York
+$1.38M
3
Renaissance Technologies
Renaissance Technologies
New York
+$1.16M
4
UB
UMB Bank
Missouri
+$1.12M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.07M

Top Sellers

Rank Fund Capital Flow
1
FTCM
First Trust Capital Management
Illinois
-$9.81M
2
Mariner
Mariner
Kansas
-$6.42M
3
BCM
Bienville Capital Management
New York
-$1.33M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$671K
5
UBS Group
UBS Group
Switzerland
-$327K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCIA
26
Prime Capital Investment Advisors
Kansas
$301K +$337K +24,500 New
UBS Group
27
UBS Group
Switzerland
$297K -$327K -23,732 -50%
Creative Planning
28
Creative Planning
Kansas
$249K – – –
Citadel Advisors
29
Citadel Advisors
Florida
$230K +$259K +18,779 New
Jane Street
30
Jane Street
New York
$169K +$189K +13,760 New
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$164K -$129K -9,364 -41%
GC
32
Gibson Capital
Pennsylvania
$153K – – –
DWT
33
Dorsey & Whitney Trust
South Dakota
$128K – – –
JP Morgan Chase
34
JP Morgan Chase
New York
$84.6K – – –
EWM
35
Evolution Wealth Management
Florida
$70.6K +$79.3K +5,756 New
AT
36
Arlington Trust
Alabama
$63.8K – – –
Wells Fargo
37
Wells Fargo
California
$30.7K +$14 +1 +0%
BNP Paribas Financial Markets
38
BNP Paribas Financial Markets
France
$4.91K +$5.51K +400 New
TRCT
39
Tower Research Capital (TRC)
New York
$1.23K +$1.38K +100 New
MHIC
40
Marble Harbor Investment Counsel
Massachusetts
– -$250K -17,900 Closed
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
– -$197K -14,134 Closed
HF
42
HRT Financial
New York
– -$167K -11,966 Closed
NA
43
NewEdge Advisors
Louisiana
– -$22.2K -1,587 Closed
1
2

PSBD Hedge Fund Activity: Q3 2025 in Review

39 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Palmer Square Capital BDC (PSBD) for Q3 2025, worth a combined $200M — down 14% from $232M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PSBD positions and 4 closed out — a net gain of 8 holders — while 9 added to existing stakes and 7 trimmed.

The largest buyer was Marshall Wace, opening a new position worth an estimated $1.51M. The largest seller was First Trust Capital Management, cutting an estimated $9.81M.

  • 39 institutional investors held Palmer Square Capital BDC (PSBD) as of Q3 2025, up from 31 in Q2 2025.
  • Funds reported $200M of Palmer Square Capital BDC stock for Q3 2025, down 14% quarter-over-quarter.
  • 12 funds opened new Palmer Square Capital BDC positions in Q3 2025 and 4 closed out, a net change of +8 holders.
  • The largest Palmer Square Capital BDC buyer in Q3 2025 was Marshall Wace, an estimated $1.51M added.
  • The largest Palmer Square Capital BDC seller in Q3 2025 was First Trust Capital Management, an estimated $9.81M sold.

Based on aggregated 13F filings for Q3 2025.