Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in KBDC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Koch, Inc. | 12.2M | $167.1M | 0.0% | 18.359% | 18.13% |
| 2 | STATE OF MICHIGAN RETIREMENT SYSTEM | 6.6M | $90.1M | 0.0% | 9.897% | 0.48% |
| 3 | BANK OF AMERICA CORP /DE/ | 5.6M | $76.4M | +2.6% | 8.388% | 0.01% |
| 4 | HF Capital, LLC | 2.3M | $32.2M | -0.1% | 3.534% | 13.45% |
| 5 | Pathstone Holdings, LLC | 1.1M | $15.3M | -17.4% | 1.685% | 0.06% |
| 6 | FRANKLIN RESOURCES INC | 752K | $10.3M | +20.4% | 1.134% | 0.00% |
| 7 | UBS Group AG | 647K | $8.9M | +12.3% | 0.976% | 0.00% |
| 8 | Requisite Capital Management, LLC | 606K | $8.6M | -10.4% | 0.913% | 1.59% |
| 9 | Russell Investments Group, Ltd. | 552K | $7.6M | +184.2% | 0.832% | 0.01% |
| 10 | MORGAN STANLEY | 458K | $6.3M | +14.4% | 0.690% | 0.00% |
| 11 | Sage Mountain Advisors LLC | 418K | $5.7M | -47.6% | 0.630% | 0.40% |
| 12 | KENNEDY CAPITAL MANAGEMENT, INC. | 391K | $5.4M | β | 0.590% | 0.11% |
| 13 | Corient Private Wealth LLC | 377K | $4.8M | -7.1% | 0.569% | 0.01% |
| 14 | Callodine Capital Management, LP | 292K | $4.0M | -27.1% | 0.440% | 0.28% |
| 15 | Activest Wealth Management | 247K | $3.4M | +18.5% | 0.372% | 0.60% |
| 16 | BlackRock, Inc. | 242K | $3.3M | -46.3% | 0.364% | 0.00% |
| 17 | HB Wealth Management, LLC | 235K | $3.2M | +8.0% | 0.355% | 0.02% |
| 18 | WELLS FARGO & COMPANY/MN | 226K | $3.1M | +14.5% | 0.341% | 0.00% |
| 19 | AMERICAN FINANCIAL GROUP INC | 206K | $2.8M | β | 0.310% | 1.05% |
| 20 | AG Asset Advisory, LLC | 203K | $2.8M | 0.0% | 0.306% | 2.31% |
| 21 | JANE STREET GROUP, LLC | 190K | $2.6M | β | 0.286% | 0.02% |
| 22 | Centric Wealth Management | 132K | $2.0M | -4.5% | 0.198% | 0.40% |
| 23 | RENAISSANCE TECHNOLOGIES LLC | 145K | $2.0M | +101.8% | 0.219% | 0.00% |
| 24 | DBA TRADING, LLC | 122K | $1.7M | β | 0.184% | 0.83% |
| 25 | Cresset Asset Management, LLC | 95K | $1.3M | +1.7% | 0.143% | 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 KBDC β a direct measure of their conviction.
Filings activity in KBDC 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 | 90 | +8.4% | 51.04% | 1.99 pp | $492M | 3.8% |
| Q4 2025 | 83 | +2.5% | 53.03% | +14.79 pp | $511M | +39% |
| Q3 2025 | 81 | +17% | 38.24% | 0.98 pp | $368M | 2.5% |
| Q2 2025 | 69 | +11% | 39.22% | +29.01 pp | $378M | +284% |
| Q1 2025 | 62 | +38% | 10.21% | +3.46 pp | $98M | +51% |
| Q4 2024 | 45 | +114% | 6.75% | +4.38 pp | $65M | +185% |
| Q3 2024 | 21 | +24% | 2.37% | +0.20 pp | $23M | +9.1% |
| Q2 2024 | 17 | β | 2.17% | β | $21M | 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.
Quick answers to the most common questions about buying KBDC stock.
Based on Q1 2026 13F filings, institutional ownership of Kayne Anderson BDC, Inc. stands at 51.0%, held across 90 reporting institutions.
Koch, Inc. is the largest reported institutional holder of KBDC, with approximately 12,181,351 shares worth $0.17B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of KBDC, including JANE STREET GROUP, LLC, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for KBDC is 48 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
21 institutions opened new positions in KBDC during Q1 2026, while 14 fully exited. 19 added to existing positions and 50 trimmed.
KBDC institutional ownership fell by 1.99 percentage points quarter-over-quarter, with a net change of +7 holders.
The top 10 institutions account for 86.0% of all reported 13F value in KBDC, and the top 25 account for 95.7%.
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.
Kayne Anderson BDC, Inc. (KBDC) Institutional Ownership