Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bain Cap Specialty Fin Inc (BCSF)

129 + Investors. Track Smart Money conviction in BCSF. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — BCSF

Based on 131 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their BCSF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
131 funds currently hold this stock — 88% of the 3.0-year high of 149 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
10 fewer hedge funds hold BCSF compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

67 buying67 selling
Last quarter: 67 funds bought or added vs 67 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 15 → 25 → 21 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 24% medium ■ 17% new
77 out of 131 hedge funds have held BCSF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~20 new funds/quarter

17 → 15 → 25 → 21 → 20 new funds/Q
New funds entering each quarter: 15 → 25 → 21 → 20. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 62% veterans vs 22% newcomers

■ 62% veterans ■ 16% 1-2yr ■ 22% new
Entry-cohort mix of 134 holders: 83 (62%) are 2+ year veterans, 21 entered 1–2 years ago, and 30 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
25 of 129 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BCSF

In 2026 Q2, 67 hedge funds were net buyers of BCSF (20 opened a new position, 47 added to an existing one), while 67 reduced or exited (45 trimmed, 22 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 29% of total institutional value in BCSF is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 131.

Hedge Fund Ownership: BCSF

How many hedge funds hold BCSF — quarterly history vs. share price
Quarterly hedge fund ownership of BCSF vs. share price

Market Analysis: BCSF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BCSF

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 2 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: BCSF
129 + Investors

Track Smart Money conviction in BCSF. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 129 133 -3.01%
13F Shares 36M 36M 2.09%
Total Value $453M $425M 6.62%
New Positions 20 21 -1
Increased Positions 46 39 +7
Closed Positions 22 28 -6
Reduced Positions 45 49 -4
Total Calls 2 3 -33.33%
Total Puts 3 1 200.0%
PUT/CALL Ratio 1.5 0.33 Bearish

Statistics: BCSF

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

129 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BCSF. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BCSF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bain Capital Credit, LP 40.24% 11,822,433 $148.0M
2 Melia Wealth LLC 6.29% 872,753 $10.9M
3 Muzinich & Co., Inc. 3.62% 846,759 $10.6M
4 North Ground Capital 3.36% 224,000 $2.8M
5 Dimension Capital Management LLC 1.84% 1,253,662 $15.7M
6 Closed-End Fund Advisors, Inc. 0.91% 74,186 $929K
7 Hager Investment Management Services, LLC 0.66% 114,900 $1.4M
8 Columbus Macro, LLC 0.55% 451,309 $5.7M
9 Privium Fund Management (UK) Ltd 0.50% 95,551 $1.2M
10 Ares Management LLC 0.32% 588,471 $7.4M
11 Garner Asset Management Corp 0.27% 65,434 $819K
12 M.E. Allison & CO., INC. 0.18% 24,603 $308K
13 GCM Grosvenor Holdings, LLC 0.17% 315,000 $3.9M
14 Callodine Capital Management, LP 0.16% 200,000 $2.5M
15 Alpine Global Management, LLC 0.13% 65,369 $818K
16 Hennion & Walsh Asset Management, Inc. 0.13% 370,141 $4.6M
17 Caz Investments LP 0.13% 10,000 $125K
18 Cresset Asset Management, LLC 0.11% 2,394,561 $30.0M
19 Norden Group LLC 0.10% 97,227 $1.2M
20 Seelaus Asset Management LLC 0.10% 11,300 $141K
21 Heritage Trust Co 0.10% 91,325 $1.1M
22 United Advisor Group, LLC 0.10% 74,946 $938K
23 Virtus Investment Advisers, LLC 0.10% 32,810 $411K
24 Cottage Street Advisors LLC 0.08% 17,000 $213K
25 Pension & Wealth Management Advisors, INC. 0.06% 6,357 $76K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Bain Cap Specialty Fin Inc (BCSF)

What does the Smart Money Trend signal show for BCSF?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their BCSF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BCSF?

Slight buying edge — 50% buying: Last quarter: 67 funds bought or added vs 67 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BCSF holders?

Strong quality — 29% AUM from major funds: 25 of 129 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BCSF?

59% of holders stayed for 2+ years: 77 out of 131 hedge funds have held BCSF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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