Bain Capital Credit, L.P. 13F annual report

Bain Capital Credit, L.P. is an investment fund managing more than $511 million ran by Adriana Garzon. There are currently 16 companies in Mrs. Garzon’s portfolio. The largest investments include Bain Cap Specialty Fin Inc and Invesco Exch Traded Fd Tr Ii, together worth $287 million.

$511 million Assets Under Management (AUM)

As of 8th November 2021, Bain Capital Credit, L.P.’s top holding is 11,822,433 shares of Bain Cap Specialty Fin Inc currently worth over $175 million and making up 34.4% of the portfolio value. In addition, the fund holds 5,045,630 shares of Invesco Exch Traded Fd Tr Ii worth $112 million. The third-largest holding is Golar Lng worth $49.8 million and the next is Anterix worth $49 million, with 807,608 shares owned.

Currently, Bain Capital Credit, L.P.'s portfolio is worth at least $511 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Bain Capital Credit, L.P.

The Bain Capital Credit, L.P. office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Adriana Garzon serves as the Associate General Counsel at Bain Capital Credit, L.P..

Recent trades

In the most recent 13F filing, Bain Capital Credit, L.P. revealed that it had opened a new position in Fortress Capital Acquisition and bought 1,017,609 shares worth $9.95 million.

The investment fund also strengthened its position in Invesco Exch Traded Fd Tr Ii by buying 3,425,459 additional shares. This makes their stake in Invesco Exch Traded Fd Tr Ii total 5,045,630 shares worth $112 million.

On the other hand, there are companies that Bain Capital Credit, L.P. is getting rid of from its portfolio. Bain Capital Credit, L.P. closed its position in Bristow Group Inc on 15th November 2021. It sold the previously owned 2,883,356 shares for $61.3 million. Adriana Garzon also disclosed a decreased stake in Anterix by approximately 0.1%. This leaves the value of the investment at $49 million and 807,608 shares.

One of the average hedge funds

The two most similar investment funds to Bain Capital Credit, L.P. are Litman Gregory Asset Management and Bluesky Wealth Advisors. They manage $511 million and $511 million respectively.

Adriana Garzon investment strategy

Bain Capital Credit, L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Industrials — making up 9.8% of the total portfolio value. The fund focuses on investments in the Bermuda as 6.3% of the portfolio companies are based in the Bermuda.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 6% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $847 million.

The complete list of Bain Capital Credit, L.P. trades based on 13F SEC filings

These positions were updated on November 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Bain Cap Specialty Fin Inc	No change 11,822,433	$175,445,000	34.36%
Invesco Exch Traded Fd Tr Ii	211.43% 5,045,630	$111,559,000	21.85%
Bristow Group Inc	Closed 2,883,356	$61,271,000
Golar Lng	11.70% 3,841,925	$49,830,000	9.76%
Anterix Inc.	0.00% 807,608	$49,022,000	9.60%
Spdr Ser Tr	44.35% 216,122	$23,635,000	4.63%
Ishares Tr	83.20% 225,113	$19,695,000	3.86%
Fortress Capital Acquisition	Opened 1,017,609	$9,952,000	1.95%
Oaktree Acquisition Corp Ii	Opened 1,012,502	$9,923,000	1.94%
Warburg Pincus Captal Corp I	Opened 1,013,926	$9,916,000	1.94%
Ares Acquisition Corporation	Opened 1,017,744	$9,913,000	1.94%
Lazard Growth Acquisition Cor	Opened 1,018,600	$9,911,000	1.94%
Go Acquisition Corp	Opened 1,001,700	$9,827,000	1.92%
Gores Holdings Vii Inc	Opened 997,103	$9,821,000	1.92%
Churchill Capital Corp VII	Opened 1,001,001	$9,730,000	1.91%
Service Pptys Tr	Closed 494,664	$3,933,000
Cinemark Holdings Inc	Closed 350,000	$3,500,000
Sirius International Insuran	Closed 290,284	$3,356,000
MDC Partners Inc.	Closed 1,734,112	$2,792,000
Parsley Energy Inc	Closed 282,164	$2,641,000
Coterra Energy Inc	Closed 299,629	$2,193,000
Siriuspoint Ltd	Opened 215,681	$1,997,000	0.39%
Party City Holdco Inc	Closed 609,205	$1,584,000
Sabre Corp	Closed 144,932	$944,000
QEP Resources Inc	Closed 492,104	$444,000
Venator Matls Plc	5.55% 129,862	$370,000	0.07%
No transactions found
Showing first 500 out of 26 holdings