Palmer Square Capital BDC
PSBD
45 hedge funds and large institutions have $201M invested in Palmer Square Capital BDC in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
15% more funds holding
Funds holding: 39 → 45 (+6)
1.76% more ownership
Funds ownership: 50.17% → 51.93% (+1.8%)
1% more capital invested
Capital invested by funds: $200M → $201M (+$1.78M)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.88M |
| 3 |
Two Sigma Investments
New York
|
+$1.36M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.24M |
| 5 |
Two Sigma Advisers
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner
Overland Park,
Kansas
|
-$5.18M |
| 2 |
BCM
Bienville Capital Management
New York
|
-$4.35M |
| 3 |
Morgan Stanley
New York
|
-$2.91M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.97M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$958K |
PSBD Hedge Fund Activity: Q4 2025 in Review
45 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Palmer Square Capital BDC (PSBD) for Q4 2025, worth a combined $201M — up 0.89% from $200M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PSBD positions and 5 closed out — a net gain of 6 holders — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.1M. The largest seller was Mariner, cutting an estimated $5.18M.
- 45 institutional investors held Palmer Square Capital BDC (PSBD) as of Q4 2025, up from 39 in Q3 2025.
- Funds reported $201M of Palmer Square Capital BDC stock for Q4 2025, up 0.89% quarter-over-quarter.
- 11 funds opened new Palmer Square Capital BDC positions in Q4 2025 and 5 closed out, a net change of +6 holders.
- The largest Palmer Square Capital BDC buyer in Q4 2025 was Rivernorth Capital Management, an estimated $7.1M added.
- The largest Palmer Square Capital BDC seller in Q4 2025 was Mariner, an estimated $5.18M sold.
Based on aggregated 13F filings for Q4 2025.