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Kayne Anderson BDC, Inc.

KBDC
Exchange
NYSE
SEC CIK
0001747172

In the last 90 days, Kayne Anderson BDC, Inc. insiders filed 3 open-market purchases and 0 sales; 93 institutions reported holding it in 13F filings for Q2 2026, worth $433.3M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Kayne Anderson BDC, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
87
+8 vs. Q3 2025
Shares held
36.7M
+8.89M (+32.0%) vs. Q3 2025
Total value
$525.8M
+$154.8M (+41.7%) vs. Q3 2025
New holders
28
14 more added
Sold out
20
26 more reduced

4 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting KBDC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 87 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 0 institutionsQ3 2023: 0 institutionsQ4 2023: 0 institutionsQ1 2024: 0 institutionsQ2 2024: 16 institutionsQ3 2024: 20 institutionsQ4 2024: 47 institutionsQ1 2025: 62 institutionsQ2 2025: 70 institutionsQ3 2025: 83 institutionsQ4 2025: 87 institutionsQ1 2026: 93 institutionsQ2 2026: 93 institutions
Value heldQ4 2025: $525.8M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $0Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $22.2MQ3 2024: $23.7MQ4 2024: $67.0MQ1 2025: $101.4MQ2 2025: $381.7MQ3 2025: $371.5MQ4 2025: $525.8MQ1 2026: $504.6MQ2 2026: $433.3M
Institutions holding KBDC and their total value by quarter
QuarterHoldersValue
Q2 202693$433.3M
Q1 202693$504.6M
Q4 202587$525.8M
Q3 202583$371.5M
Q2 202570$381.7M
Q1 202562$101.4M
Q4 202447$67.0M
Q3 202420$23.7M
Q2 202416$22.2M
Q1 20240$0
Q4 20230$0
Q3 20230$0
Q2 20230$0
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Kayne Anderson BDC, Inc.; share changes are against Q3 2025.

Institutions holding KBDC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Caitong International Asset Management Co., Ltd2$290.00%+2New
Quarry LP75$1.07K0.00%−303−80.2%Reduced
Founders Capital Management800$11.5K0.01%00.0%Unchanged
MAI Capital Management2,400$34.4K0.00%+2,400New
Security National Bank4,404$63.1K0.01%−653−12.9%Reduced
Citigroup Inc4,827$69.1K0.00%−10,514−68.5%Reduced
AdvisorNet Financial, Inc5,850$83.8K0.00%−3,845−39.7%Reduced
JPMorgan Chase & Co9,967$142.7K0.00%−5,284−34.6%Reduced
Advisory Services Network, LLC10,206$146.1K0.00%+1,407+16.0%Added
Advisor Group Holdings, Inc.10,311$147.7K0.00%−259−2.5%Reduced
BKD Wealth Advisors, LLC10,504$150.4K0.00%−4,397−29.5%Reduced
Susquehanna International Group, LLP11,481$164.4K0.00%+11,481New
TCTC Holdings, LLC11,922$170.7K0.01%−5,962−33.3%Reduced
Balentine LLC11,922$170.7K0.01%00.0%Unchanged
Valeo Financial Advisors, LLC12,090$173.1K0.00%00.0%Unchanged
Platt Wealth Management LLC12,239$175.0K0.17%+12,239New
Arcus Capital Partners, LLC12,375$177.2K0.06%−1,100−8.2%Reduced
Aquatic Capital Management LLC12,654$181.2K0.01%+12,654New
Rockefeller Capital Management L.P.13,006$186.2K0.00%−10,000−43.5%Reduced
Commonwealth Equity Services, LLC14,879$213.1K0.00%−7,928−34.8%Reduced
Avenue 1 Advisors, LLC14,901$213.4K0.07%00.0%Unchanged
SNS Financial Group, LLC14,947$220.0K0.02%−1,907−11.3%Reduced
Catalina Capital Group, LLC15,373$220.1K0.14%+15,373New
SGL Investment Advisors, Inc.15,799$220.7K0.09%00.0%Unchanged
Generali Investments CEE, investicni spolecnost, a.s.15,835$226.8K0.02%00.0%Unchanged
Zacks Investment Management17,950$257.0K0.00%00.0%Unchanged
Change Path, LLC17,950$257.0K0.01%00.0%Unchanged
VARCOV Co.18,104$259.2K0.10%+18,104New
Belpointe Asset Management LLC18,180$260.3K0.01%+18,180New
Woodley Farra Manion Portfolio Management Inc18,447$271.5K0.01%00.0%Unchanged
Birchview Capital, LP20,000$286.4K0.17%+20,000New
Adams Asset Advisors, LLC20,341$291.3K0.04%+20,341New
GWM Advisors LLC21,067$301.7K0.00%00.0%Unchanged
TT Capital Management LLC21,500$307.9K0.25%+21,500New
Running Point Capital Advisors, LLC21,512$308.1K0.08%+598+2.9%Added
Price T Rowe Associates Inc23,066$331.0K0.00%+23,066New
Virtu Financial LLC23,446$336.0K0.01%+23,446New
Truist Financial Corp24,399$349.4K0.00%00.0%Unchanged
Apollon Wealth Management, LLC31,354$449.0K0.01%−5,000−13.8%Reduced
Marshall Wace, LLP31,400$449.6K0.00%+31,400New
Quadrature Capital Ltd31,976$457.9K0.00%+9,317+41.1%Added
Quantbot Technologies LP35,507$508.5K0.02%+18,690+111.1%Added
Dynamic Technology Lab Private Ltd35,658$511.0K0.12%+35,658New
Brown Advisory Inc35,901$514.1K0.00%00.0%Unchanged
Royal Bank of Canada41,497$594.0K0.00%+20,495+97.6%Added
Accelerate Investment Advisors LLC43,599$624.3K0.42%−8,197−15.8%Reduced
Quantinno Capital Management LP43,836$627.7K0.00%+43,836New
BNP Paribas Arbitrage, SA44,475$636.9K0.00%+27,210+157.6%Added
Point72 Asset Management, L.P.44,801$641.5K0.00%+44,801New
Cerity Partners LLC45,103$645.9K0.00%−21,298−32.1%Reduced
Confluence Investment Management LLC46,410$664.6K0.01%−3,445−6.9%Reduced
Stifel Financial Corp47,175$675.5K0.00%+32,425+219.8%Added
Hennion & Walsh Asset Management, Inc.49,544$709.5K0.02%+9,063+22.4%Added
Accredited Investors Inc.50,898$728.9K0.04%00.0%Unchanged
Verition Fund Management LLC52,173$747.1K0.00%+52,173New
Invesco Ltd.55,568$795.7K0.00%−80−0.1%Reduced
Citadel Advisors LLC57,812$827.9K0.00%+57,812New
Legacy Wealth Advisors, LLC59,089$846.2K0.56%+59,089New
Renaissance Technologies LLC72,000$1.03M0.00%−86,559−54.6%Reduced
Closed-End Fund Advisors, Inc.73,202$1.05M0.62%+73,202New
Inscription Capital, LLC81,132$1.16M0.12%00.0%Unchanged
XTX Topco Ltd90,075$1.29M0.03%+90,075New
SlateStone Wealth, LLC94,644$1.35M0.11%−55,329−36.9%Reduced
Cresset Asset Management, LLC93,542$1.38M0.01%00.0%Unchanged
Equitec Proprietary Markets, LLC121,998$1.75M8.42%00.0%Unchanged
Centric Wealth Management137,711$1.93M0.41%−5,658−3.9%Reduced
Russell Investments Group, Ltd.194,177$2.78M0.00%+194,177New
Wells Fargo & Company197,793$2.83M0.00%+118,255+148.7%Added
AG Asset Advisory, LLC203,300$2.91M2.50%00.0%Unchanged
Activest Wealth Management208,396$2.98M0.56%+208,396New
HB Wealth Management, LLC217,872$3.12M0.02%−2,418−1.1%Reduced
Squarepoint Ops LLC224,580$3.22M0.01%+224,580New
Millennium Management LLC254,429$3.64M0.00%+171,354+206.3%Added
Callodine Capital Management, LP400,000$5.73M0.46%00.0%Unchanged
Morgan Stanley400,456$5.73M0.00%+186,096+86.8%Added
CI Private Wealth, LLC406,258$5.89M0.01%−121,507−23.0%Reduced
BlackRock, Inc.449,771$6.44M0.00%−4,062−0.9%Reduced
UBS Group AG576,812$8.26M0.00%+418,789+265.0%Added
Franklin Resources Inc624,638$8.94M0.00%+316,418+102.7%Added
Requisite Capital Management, LLC676,459$9.96M1.89%−80,496−10.6%Reduced
Sage Mountain Advisors LLC798,116$11.4M0.61%−260,371−24.6%Reduced
Van Eck Associates Corp824,303$11.8M0.01%+824,303New
Pathstone Holdings, LLC1,353,339$19.4M0.07%−92,715−6.4%Reduced
HF Capital, LLC2,347,726$33.6M20.05%+2,347,726New
Bank of America Corp5,421,369$77.6M0.01%+210,245+4.0%Added
State of Michigan Retirement System6,566,762$94.0M0.46%+6,566,762New
Koch, Inc.12,181,352$174.4M24.14%00.0%Unchanged
Merit Financial Group, LLC0$00.00%−1,738,174−100.0%Sold out
Keebeck Wealth Management, LLC0$00.00%−342,785−100.0%Sold out
Rivernorth Capital Management, LLC0$00.00%−273,610−100.0%Sold out
CF Capital LLC0$00.00%−100,000−100.0%Sold out
HRT Financial LP0$00.00%−69,997−100.0%Sold out
Magnetar Financial LLC0$00.00%−66,413−100.0%Sold out
Marex Group plc0$00.00%−56,098−100.0%Sold out
MQS Management LLC0$00.00%−45,598−100.0%Sold out
Zuckerman Investment Group, LLC0$00.00%−35,000−100.0%Sold out
BIP Wealth, LLC0$00.00%−30,424−100.0%Sold out
Neuberger Berman Group LLC0$00.00%−30,000−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−27,751−100.0%Sold out
Voleon Capital Management LP0$00.00%−25,879−100.0%Sold out