40% buyers of institutions opening or closing positions this quarter
10 more exits than new buyers, ownership fell 4.36 percentage points vs the prior quarter, and 1 well-known fund manager in the top 25.
40% buyers of institutions opening or closing positions this quarter
47.5% institutional ownership
Bain Capital Credit, portfolio allocation
Institutional ownership vs Asset Management peers
No Form 4 insider transactions on file
Latest positioning in BCSF across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in BCSF held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Bain Capital Credit, LP | 11.8M | $146.6M | 0.0% | 18.225% | 48.39% |
| 2 | BANK OF AMERICA CORP /DE/ | 2.7M | $33.9M | -14.5% | 4.220% | 0.00% |
| 3 | Cresset Asset Management, LLC | 2.1M | $25.7M | +18.6% | 3.195% | 0.11% |
| 4 | TWO SIGMA INVESTMENTS, LP | 1.5M | $18.8M | +140.5% | 2.335% | 0.02% |
| 5 | UBS Group AG | 1.4M | $17.4M | -12.6% | 2.165% | 0.00% |
| 6 | DIMENSION CAPITAL MANAGEMENT LLC | 1.2M | $15.2M | +51.0% | 1.888% | 2.13% |
| 7 | PANORAMIC INVESTMENT ADVISORS, LLC | 1.2M | $14.4M | β | 1.793% | 6.98% |
| 8 | Melia Wealth LLC | 1.2M | $14.4M | +2.5% | 1.793% | 6.98% |
| 9 | MORGAN STANLEY | 1.1M | $14.2M | +9.9% | 1.767% | 0.00% |
| 10 | Muzinich & Co., Inc. | 801K | $9.9M | +2.2% | 1.235% | 3.48% |
| 11 | Sumitomo Mitsui Trust Holdings, Inc. | 601K | $7.5M | 0.0% | 0.927% | 0.00% |
| 12 | FRANKLIN RESOURCES INC | 586K | $7.3M | +15.8% | 0.903% | 0.00% |
| 13 | Russell Investments Group, Ltd. | 533K | $6.6M | +197.1% | 0.821% | 0.01% |
| 14 | Legal & General Group Plc | 500K | $6.2M | +8.3% | 0.771% | 0.00% |
| 15 | INDEPENDENT FINANCIAL GROUP, LLC | 319K | $4.7M | β | 0.491% | 0.03% |
| 16 | HighTower Advisors, LLC | 374K | $4.6M | +443.4% | 0.577% | 0.00% |
| 17 | North Ground Capital | 334K | $4.1M | -46.7% | 0.515% | 4.99% |
| 18 | SRS Capital Advisors, Inc. | 230K | $2.9M | +4501.0% | 0.355% | 0.08% |
| 19 | BlackRock, Inc. | 205K | $2.5M | -44.4% | 0.316% | 0.00% |
| 20 | Texas Yale Capital Corp. | 164K | $2.0M | +2.6% | 0.252% | 0.06% |
| 21 | Mariner, LLC | 161K | $2.0M | -2.4% | 0.248% | 0.00% |
| 22 | Trexquant Investment LP | 139K | $1.7M | +35.1% | 0.214% | 0.01% |
| 23 | Rockefeller Capital Management L.P. | 136K | $1.7M | -73.3% | 0.209% | 0.00% |
| 24 | HAGER INVESTMENT MANAGEMENT SERVICES, LLC | 127K | $1.6M | -26.9% | 0.196% | 0.87% |
| 25 | Lansforsakringar Fondforvaltning AB (publ) | 119K | $1.5M | +15.9% | 0.184% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in BCSF β a direct measure of their conviction.
Filings activity in BCSF during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 128 | 7.2% | 47.47% | 4.36 pp | $411M | 8.4% |
| Q4 2025 | 138 | +4.5% | 51.83% | +0.68 pp | $449M | +1.3% |
| Q3 2025 | 132 | 5.0% | 51.15% | 1.02 pp | $443M | 2.0% |
| Q2 2025 | 139 | 3.5% | 52.17% | 6.63 pp | $452M | 11% |
| Q1 2025 | 144 | +5.9% | 58.80% | 5.66 pp | $509M | 8.8% |
| Q4 2024 | 136 | +5.4% | 64.46% | +10.25 pp | $558M | +19% |
| Q3 2024 | 129 | 7.2% | 54.21% | 2.39 pp | $469M | 4.2% |
| Q2 2024 | 139 | β | 56.60% | β | $490M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for BCSF.
Quick answers to the most common questions about buying BCSF stock.
Based on Q1 2026 13F filings, institutional ownership of Bain Capital Specialty Finance, Inc. stands at 47.5%, held across 128 reporting institutions.
Bain Capital Credit, LP is the largest reported institutional holder of BCSF, with approximately 11,822,433 shares worth $0.15B as of Q1 2026.
Yes β 1 widely-followed marquee investor appear among the top 25 institutional holders of BCSF, including TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for BCSF is 34 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
21 institutions opened new positions in BCSF during Q1 2026, while 31 fully exited. 20 added to existing positions and 86 trimmed.
BCSF institutional ownership fell by 4.36 percentage points quarter-over-quarter, with a net change of β holders.
The top 10 institutions account for 75.6% of all reported 13F value in BCSF, and the top 25 account for 89.4%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.