Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Barings Bdc Inc (BBDC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
2Q ▼
Buyers last Q
51%

Smart Money Signals — BBDC

Based on 203 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 BBDC 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 — 93% of 3.0Y peak

93% of all-time peak
203 funds currently hold this stock — 93% of the 3.0-year high of 218 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BBDC is almost the same as a year ago (+6 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

100 buying95 selling
Last quarter: 100 funds bought or added vs 95 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 — ~28 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 34 → 42 → 30 → 28. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 20% new
121 out of 203 hedge funds have held BBDC 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.
📊

Peak discovery — momentum slowing

25 → 34 → 42 → 30 → 28 new funds/Q
New funds entering each quarter: 34 → 42 → 30 → 28. BBDC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 65% veterans vs 24% newcomers

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Entry-cohort mix of 205 holders: 134 (65%) are 2+ year veterans, 22 entered 1–2 years ago, and 49 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
25 of 202 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — BBDC

In 2026 Q2, 100 hedge funds were net buyers of BBDC (28 opened a new position, 72 added to an existing one), while 95 reduced or exited (60 trimmed, 35 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 23% of total institutional value in BBDC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 203.

Hedge Fund Ownership: BBDC

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

Market Analysis: BBDC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BBDC

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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.

9 top-rated funds 1 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: BBDC
202 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 202 210 -3.81%
13F Shares 50M 48M 4.68%
Total Value $421M $375M 12.31%
New Positions 28 30 -2
Increased Positions 72 69 +3
Closed Positions 35 38 -3
Reduced Positions 60 61 -1
Total Calls 2 1 100.0%
Total Puts 1 0 100%
PUT/CALL Ratio 0.5 0.0 Bullish

Statistics: BBDC

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Valuation Measures Data as of: --

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Financial Highlights

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Institutional Holders (2026 Q2)

202 + investors

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

QUARTER:
Top 25 BBDC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Muzinich & Co., Inc. 2.08% 714,955 $6.1M
2 Barings LLC 2.06% 13,639,681 $116.2M
3 GraniteShares Advisors LLC 1.69% 308,352 $2.6M
4 Ares Management LLC 1.55% 4,164,327 $35.5M
5 Private Management Group Inc 1.07% 4,779,724 $40.7M
6 Dimension Capital Management LLC 1.02% 1,020,581 $8.7M
7 Sbe LLC Dba Cedar Cove Wealth Partners 0.88% 218,811 $1.9M
8 Bulldog Investors, LLP 0.63% 336,401 $2.9M
9 Privium Fund Management (UK) Ltd 0.53% 150,500 $1.3M
10 MQS Management LLC 0.45% 43,211 $368K
11 Financial Gravity Companies, Inc. 0.31% 224,104 $1.9M
12 Closed-End Fund Advisors, Inc. 0.29% 35,284 $301K
13 Cliffwater LLC 0.27% 126,753 $1.1M
14 Saxon Interests, INC. 0.25% 105,056 $895K
15 FreeGulliver LLC 0.22% 74,409 $634K
16 GCM Grosvenor Holdings, LLC 0.17% 475,000 $4.0M
17 Callodine Capital Management, LP 0.16% 290,000 $2.5M
18 SageGuard Financial Group, LLC 0.13% 105,864 $902K
19 Steel Grove Capital Advisors, LLC 0.12% 152,667 $1.3M
20 Blue Line Capital, LLC / IL 0.11% 15,681 $134K
21 Sunbeam Capital Management, LLC 0.11% 28,257 $241K
22 Virtus Investment Advisers, LLC 0.09% 46,262 $394K
23 Rivernorth Capital Management, LLC 0.08% 205,194 $1.7M
24 Vann Equity Management LLC 0.08% 15,549 $132K
25 Cresset Asset Management, LLC 0.08% 2,545,273 $21.7M
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 — Barings Bdc Inc (BBDC)

What does the Smart Money Trend signal show for BBDC?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their BBDC 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 BBDC?

Slight buying edge — 51% buying: Last quarter: 100 funds bought or added vs 95 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 BBDC holders?

Strong quality — 23% AUM from major funds: 25 of 202 holders rank in the top 100 by AUM, accounting for 23% 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 BBDC?

60% of holders stayed for 2+ years: 121 out of 203 hedge funds have held BBDC 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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