Bain Capital Credit, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Bain Capital Credit, LP reported 6 stock positions worth $382.3 million. Its top holding was Bain Capital Specialty Finan (BCSF) at 43.0% of the portfolio, followed by Invesco Senior Loan ETF (BKLN, 39.1%) and Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 14.0%). Compared with Q3 2025, it added to 2 and reduced 1. The biggest buy was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares +162%) and the biggest sale Algoma Steel (ASTL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001317947
- Portfolio Value
- $382.3M (Q4 2025)
- SEC Filing
- 0001317947-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 6 stocks · $382.3M
| BCSF Bain Capital Specialty Finan | 43.01% | 11,822,433 | $164.5M | No change |
| BKLN Invesco Senior Loan ETF | 39.15% | 7,127,117 | $149.7M | Add +31.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 14.05% | 666,033 | $53.7M | Add +162.2% |
| OSG Octave Specialty Group Inc. | 2.25% | 1,108,012 | $8.6M | No change |
| ASTL Algoma Steel Group Inc. | 0.89% | 825,777 | $3.4M | Reduce -1.4% |
| SRLN SS Blackstone Sr Loan ETF | 0.65% | 60,136 | $2.5M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| ASTL Algoma Steel Group Inc. | Reduce -1.4% | 0.89% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 6 | $367.9M | BCSF, HYG, BKLN, OSG, ASTL |
| Q1 2026 | 6 | $303.0M | BCSF, BKLN, HYG, OSG, ASTL |
| Q4 2025 | 6 | $382.3M | BCSF, BKLN, HYG, OSG, ASTL |
| Q3 2025 | 6 | $317.1M | BCSF, BKLN, HYG, OSG, ASTL |
| Q2 2025 | 6 | $275.5M | BCSF, BKLN, OSG, ASTL, SRLN |
| Q1 2025 | 6 | $409.0M | BCSF, TALO, BKLN, SRLN, OSG |
| Q4 2024 | 7 | $449.1M | BCSF, TALO, BKLN, SRLN, OSG |
| Q3 2024 | 8 | $483.7M | BCSF, TALO, BKLN, ASTL, LQD |
| Q2 2024 | 7 | $507.0M | BCSF, TALO, BKLN, SRLN, LQD |
| Q1 2024 | 6 | $519.5M | TALO, BCSF, BKLN, SRLN, ASTL |