CRESCENT CAP BDC INC CCAP
COM · Common Stock · CUSIP 225655109
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 36.9m as of 2026-02-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $12.15. Options: 2 managers hold calls ($154.3k notional), 2 hold puts ($185.9k).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 48 |
| Q4 2022 | 58 |
| Q1 2023 | 72 |
| Q2 2023 | 71 |
| Q3 2023 | 71 |
| Q4 2023 | 77 |
| Q1 2024 | 77 |
| Q2 2024 | 85 |
| Q3 2024 | 83 |
| Q4 2024 | 90 |
| Q1 2025 | 89 |
| Q2 2025 | 90 |
| Q3 2025 | 93 |
| Q4 2025 | 94 |
| Q1 2026 | 86 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 54 | 27 |
| Q3 2024 | 41 | 35 |
| Q4 2024 | 43 | 30 |
| Q1 2025 | 46 | 36 |
| Q2 2025 | 49 | 37 |
| Q3 2025 | 53 | 31 |
| Q4 2025 | 42 | 40 |
| Q1 2026 | 34 | 47 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $31.0k | $62.0k | 2.00 |
| Q3 2025 | $15.0k | $55.0k | 3.67 |
| Q4 2025 | $1.4k | $16.9k | 12.00 |
| Q1 2026 | $154.3k | $185.9k | 1.20 |
Biggest buyers
| Invesco Ltd. | Added | +369.3k |
| Russell Investments Group, Ltd. | Added | +187.9k |
| Cerberus Capital Management, L.P. | New | +160.0k |
| UBS Group AG | Added | +133.7k |
| Alpine Global Management, LLC | New | +129.3k |
| Beverly Hills Private Wealth, LLC | New | +54.7k |
| TWO SIGMA INVESTMENTS, LP | Added | +45.1k |
| Dynamic Technology Lab Private Ltd | New | +38.1k |
| &PARTNERS | Added | +33.0k |
| ARES MANAGEMENT LLC | Added | +30.0k |
Biggest sellers
| North Ground Capital | Reduced | -496.4k |
| TWO SIGMA ADVISERS, LP | Sold out | -183.7k |
| Closed-End Fund Advisors, Inc. | Reduced | -169.5k |
| FRANKLIN RESOURCES INC | Reduced | -147.4k |
| ICON ADVISERS INC/CO | Sold out | -109.3k |
| Skandinaviska Enskilda Banken AB (publ) | Sold out | -109.3k |
| BlackRock, Inc. | Reduced | -99.5k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -94.0k |
| ICG Advisors, LLC | Sold out | -91.4k |
| Almitas Capital LLC | Reduced | -87.3k |
Biggest calls
| CITADEL ADVISORS LLC | New | $149.4k12.3k shares |
| SIMPLEX TRADING, LLC | Added | $4.9k400 shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $128.8k10.6k shares |
| SIMPLEX TRADING, LLC | Added | $57.1k4.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Texas County & District Retirement System 13G · institution no change · filed 2026-02-12 | 13.5% |
| Blackstone Holdings I L.P. 13G · institution new · filed 2025-08-14 | 11.3% |
| Karpus Management, Inc. 13G · institution filed 2025-05-14 | 7.7% |
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 2 | $53.8k | 0 | — | — |
| Q4 2025 | 1 | $26.7k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Texas County & District Retirement System 100.00% of their portfolio | 5.0m $60.8m | Unchanged |
| Fidelity National Financial, Inc. 1.88% of their portfolio | 4.2m $51.1m | Unchanged |
| Blackstone Inc. 0.21% of their portfolio | 4.2m $51.1m | Unchanged |
| SUN LIFE FINANCIAL INC 1.54% of their portfolio | 2.2m $27.1m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 1.0m $12.5m | Added +369.3k |
| ARES MANAGEMENT LLC 0.44% of their portfolio | 546.4k $6.6m | Added +30.0k |
| Mariner, LLC 0.01% of their portfolio | 463.4k $5.6m | Added +11.6k |
| Bulldog Investors, LLP 1.25% of their portfolio | 457.0k $5.6m | Reduced -563 |
| Focus Partners Wealth 0.00% of their portfolio | 367.6k $4.5m | Reduced -22.2k |
| Almitas Capital LLC 0.98% of their portfolio | 356.9k $4.3m | Reduced -87.3k |
| UBS Group AG 0.00% of their portfolio | 355.6k $4.3m | Added +133.7k |
| CONDOR CAPITAL MANAGEMENT 0.35% of their portfolio | 345.8k $4.2m | Reduced -21.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 341.6k $4.1m | Reduced -147.4k |
| North Ground Capital 4.96% of their portfolio | 338.9k $4.1m | Reduced -496.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 303.6k $3.7m | Added +45.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 292.2k $3.6m | Added +187.9k |
| Aspen Grove Capital, LLC 0.64% of their portfolio | 269.9k $3.3m | Added +2.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 190.5k $2.3m | Reduced -5.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 163.8k $2.0m | Reduced -94.0k |
| Cerberus Capital Management, L.P. 0.07% of their portfolio | 160.0k $1.9m | New |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 159.4k $1.9m | Added +763 |
| Trexquant Investment LP 0.01% of their portfolio | 157.1k $1.9m | Reduced -16.4k |
| Muzinich & Co., Inc. 0.65% of their portfolio | 153.3k $1.9m | Added +460 |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 152.8k $1.9m | Unchanged |
| &PARTNERS 0.01% of their portfolio | 146.6k $1.8m | Added +33.0k |
| Alpine Global Management, LLC 0.24% of their portfolio | 129.3k $1.6m | New |
| BlackRock, Inc. 0.00% of their portfolio | 127.7k $1.6m | Reduced -99.5k |
| Hennion & Walsh Asset Management, Inc. 0.05% of their portfolio | 121.5k $1.5m | Reduced -52.2k |
| HighTower Advisors, LLC 0.00% of their portfolio | 120.2k $1.5m | Reduced -12.3k |
| Callodine Capital Management, LP 0.10% of their portfolio | 120.0k $1.5m | Unchanged |
| RIVERBRIDGE PARTNERS LLC 0.03% of their portfolio | 102.1k $1.2m | Added +7.7k |
| DENALI ADVISORS LLC 0.14% of their portfolio | 101.7k $1.2m | Added +842 |
| MORGAN STANLEY 0.00% of their portfolio | 91.1k $1.1m | Reduced -10.3k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 86.3k $1.0m | Reduced -4.7k |
| Adams Asset Advisors, LLC 0.11% of their portfolio | 79.8k $969.9k | Unchanged |
| Pettinga Financial Advisors LLC 0.16% of their portfolio | 69.7k $847.4k | Added +2.1k |
| BI Asset Management Fondsmaeglerselskab A/S 0.01% of their portfolio | 63.9k $776.0k | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 61.2k $744.1k | Reduced -47 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 59.6k $723.5k | Added +2.6k |
| Closed-End Fund Advisors, Inc. 0.69% of their portfolio | 55.8k $678.2k | Reduced -169.5k |
| Beverly Hills Private Wealth, LLC 0.11% of their portfolio | 54.7k $664.1k | New |
| Virtus Investment Advisers, LLC 0.15% of their portfolio | 44.9k $545.8k | Reduced -9.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 42.2k $512.0k | Reduced -8.2k |
| Dynamic Technology Lab Private Ltd 0.08% of their portfolio | 38.1k $462.4k | New |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 32.9k $400.1k | Unchanged |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 32.2k $391.5k | Reduced -38.4k |
| SCS Capital Management LLC 0.00% of their portfolio | 28.8k $350.1k | Unchanged |
| Silverberg Bernstein Capital Management LLC 0.19% of their portfolio | 28.1k $340.9k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 28.0k $340.6k | Reduced -3.5k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 26.2k $318.3k | Added +730 |
| TT Capital Management LLC 0.26% of their portfolio | 25.5k $309.6k | Reduced -856 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 24.9k $302.8k | Reduced -11.9k |
| Ethos Financial Group, LLC 0.02% of their portfolio | 18.7k $262.7k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 18.0k $219.0k | Added +2.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 17.1k $208.2k | Unchanged |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 16.4k $199.1k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 16.3k $197.5k | Reduced -27.3k |
| SMH CAPITAL ADVISORS INC 0.52% of their portfolio | 15.0k $182.2k | New |
| Catalyst Capital Advisors LLC 0.00% of their portfolio | 15.0k $182.2k | Added +10.1k |
| Lido Advisors, LLC 0.00% of their portfolio | 14.0k $175.7k | Unchanged |
| LMG Wealth Partners, LLC 0.03% of their portfolio | 13.5k $164.6k | Added +2.0k |
| Aquatic Capital Management LLC 0.00% of their portfolio | 13.4k $162.9k | Reduced -3.9k |
| Virtu Financial LLC 0.01% of their portfolio | 13.4k $162.0k | New |
| Barnett & Company, Inc. 0.12% of their portfolio | 13.1k $159.2k | Reduced -6.0k |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 13.0k $157.9k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 12.9k $156.5k | Unchanged |
| OXFORD ASSET MANAGEMENT LLP 0.06% of their portfolio | 12.0k $146.4k | Not comparable |
| Anchor Investment Management, LLC 0.01% of their portfolio | 11.6k $140.5k | Reduced -1.6k |
| Prospera Financial Services Inc 0.00% of their portfolio | 11.5k $140.0k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 11.0k $134.2k | New |
| Beaumont Financial Advisors, LLC 0.01% of their portfolio | 10.4k $126.9k | New |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 10.2k $124.0k | New |
| Permanens Capital L.P. 0.02% of their portfolio | 10.0k $125.7k | Unchanged |
| VPR Management LLC 0.04% of their portfolio | 9.0k $109.3k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 8.8k $106.4k | Added +1.0k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 7.3k $89.0k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 1.0k $12.3k | Reduced -1.4k |
| VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio | 600 $7.0k | Unchanged |
| Atlantic Union Bankshares Corp 0.00% of their portfolio | 500 $6.1k | Unchanged |
| Avion Wealth 0.00% of their portfolio | 336 $4.0k | Added +9 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 278 $3.4k | Added +93 |
| SWAN Capital LLC 0.00% of their portfolio | 264 $3.2k | Unchanged |
| Sound Income Strategies, LLC 0.00% of their portfolio | 241 $3.0k | Unchanged |
| Gunpowder Capital Management, LLC dba Oliver Wealth Management 0.00% of their portfolio | 131 $1.6k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 50 $608 | New |
| Allworth Financial LP 0.00% of their portfolio | 3 $36 | New |