Bain Capital Credit, LP
Long book
$303.0M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+3.8%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsBain Capital Credit, LP is an institutional manager, specialised in financials (60% of the long book), running a $303.0M US long book across 6 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BAIN CAPITAL SPECIALTY FINAN, INVESCO SENIOR LOAN ETF, ISHR IBX USD HIYLD CB ETF-UI, OCTAVE SPECIALTY GROUP INC, ALGOMA STEEL GROUP INC.
Over the last 9 quarters its long book ran on average 5.9pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.8%
Q2 2024
-1.8%
Q3 2024
+2.0%
Q4 2024
-2.9%
Q1 2025
-6.8%
Q2 2025
-1.5%
Q3 2025
+1.8%
Q4 2025
-4.8%
Q1 2026
+3.8%
Sector allocation
Other 94%
Financials 3%
Industrials 2%
Long book by quarter
What does Bain Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 6 | $303.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 6 | $382.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 6 | $317.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 6 | $275.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 6 | $409.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 7 | $449.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 8 | $483.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 7 | $507.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 6 | $519.5M | canonical | SEC ↗ |