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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$1.51M |
| 2 |
BlackRock
New York
|
+$1.38M |
| 3 |
Renaissance Technologies
New York
|
+$1.16M |
| 4 |
UB
UMB Bank
Kansas City,
Missouri
|
+$1.12M |
| 5 |
Two Sigma Investments
New York
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$9.81M |
| 2 |
Mariner
Overland Park,
Kansas
|
-$6.42M |
| 3 |
BCM
Bienville Capital Management
New York
|
-$1.33M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$671K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$327K |
PSBD Hedge Fund Activity: Q3 2025 in Review
39 of the 7,620 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.