Bain Capital Credit, LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Bain Capital Credit, LP reported 7 stock positions worth $449.1 million. Its top holding was Bain Capital Specialty Finan (BCSF) at 48.0% of the portfolio, followed by Talos Energy (TALO, 30.1%) and Invesco Senior Loan ETF (BKLN, 14.2%). Compared with Q3 2024, it sold out of 1, added to 1 and reduced 4. The biggest buy was SS Blackstone Sr Loan ETF (SRLN, shares +417%) and the biggest sale Invesco Senior Loan ETF (BKLN, shares −21%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001317947
Portfolio Value
$449.1M (Q4 2024)
SEC Filing
0001317947-25-000002 ↗ filed Feb 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $519.5M Q1 2024 Q2 2024: $507.0M Q2 2024 Q3 2024: $483.7M Q3 2024 Q4 2024: $449.1M $449.1M Q4 2024 Q1 2025: $409.0M Q1 2025 Q2 2025: $275.5M Q2 2025 Q3 2025: $317.1M Q3 2025 Q4 2025: $382.3M Q4 2025 Q1 2026: $303.0M Q1 2026 Q2 2026: $367.9M Q2 2026

Holdings 7 stocks · $449.1M
BCSF Bain Capital Specialty Finan 48.02% 12,310,109 $215.7M No change
TALO Talos Energy Inc. 30.12% 13,932,891 $135.3M Reduce -5.0%
BKLN Invesco Senior Loan ETF 14.20% 3,027,643 $63.8M Reduce -20.8%
SRLN SS Blackstone Sr Loan ETF 2.89% 310,601 $13.0M Add +416.5%
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 2.65% 1,108,012 $11.9M No change
ASTL Algoma Steel Group Inc. 1.82% 837,212 $8.2M Reduce -41.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.28% 16,234 $1.3M Reduce -84.0%

Portfolio Sells Q3 2024 → Q4 2024
BKLN Invesco Senior Loan ETF Reduce -20.8% 14.20% −2.39
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −2.34
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -84.0% 0.28% −1.40
TALO Talos Energy Inc. Reduce -5.0% 30.12% −1.27
ASTL Algoma Steel Group Inc. Reduce -41.5% 1.82% −1.21

Portfolio Buys Q3 2024 → Q4 2024
SRLN SS Blackstone Sr Loan ETF Add +416.5% 2.89% +2.37

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$367.9MBCSF, HYG, BKLN, OSG, ASTL
Q1 2026 6$303.0MBCSF, BKLN, HYG, OSG, ASTL
Q4 2025 6$382.3MBCSF, BKLN, HYG, OSG, ASTL
Q3 2025 6$317.1MBCSF, BKLN, HYG, OSG, ASTL
Q2 2025 6$275.5MBCSF, BKLN, OSG, ASTL, SRLN
Q1 2025 6$409.0MBCSF, TALO, BKLN, SRLN, OSG
Q4 2024 7$449.1MBCSF, TALO, BKLN, SRLN, OSG
Q3 2024 8$483.7MBCSF, TALO, BKLN, ASTL, LQD
Q2 2024 7$507.0MBCSF, TALO, BKLN, SRLN, LQD
Q1 2024 6$519.5MTALO, BCSF, BKLN, SRLN, ASTL