INVESTCORP CR MGMT BDC INC ICMB
COM · Common Stock · CUSIP 46090R104
* 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: 14.4m as of 2026-08-14, 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 ≈ $1.52. Options: 0 managers hold calls (— notional), 1 hold puts ($468).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 16 |
| Q4 2022 | 19 |
| Q1 2023 | 14 |
| Q2 2023 | 15 |
| Q3 2023 | 18 |
| Q4 2023 | 17 |
| Q1 2024 | 15 |
| Q2 2024 | 14 |
| Q3 2024 | 17 |
| Q4 2024 | 17 |
| Q1 2025 | 16 |
| Q2 2025 | 16 |
| Q3 2025 | 14 |
| Q4 2025 | 16 |
| Q1 2026 | 18 |
| Q2 2026 | 21 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 7 | 3 |
| Q4 2024 | 4 | 3 |
| Q1 2025 | 5 | 6 |
| Q2 2025 | 5 | 5 |
| Q3 2025 | 3 | 4 |
| Q4 2025 | 7 | 6 |
| Q1 2026 | 9 | 8 |
| Q2 2026 | 10 | 11 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $270 | $0 | 0.00 |
| Q1 2026 | $52.0k | $648 | 0.01 |
| Q2 2026 | $0 | $468 | — |
Biggest buyers
| Black Maple Capital Management LP | New | +172.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +38.7k |
| CITADEL ADVISORS LLC | New | +35.9k |
| Squarepoint Ops LLC | New | +29.3k |
| XTX Topco Ltd | New | +17.2k |
| Virtu Financial LLC | New | +13.0k |
| North Ground Capital | Added | +2.6k |
| SIMPLEX TRADING, LLC | New | +333 |
| Coppell Advisory Solutions LLC | New | +19 |
| Caitong International Asset Management Co., Ltd | New | +5 |
Biggest sellers
| Founders Financial Alliance, LLC | Reduced | -40.5k |
| LPL Financial LLC | Sold out | -22.9k |
| TWO SIGMA SECURITIES, LLC | Sold out | -20.6k |
| JANE STREET GROUP, LLC | Sold out | -17.1k |
| Alpine Global Management, LLC | Sold out | -10.7k |
| Legacy Wealth Managment, LLC/ID | Sold out | -2.5k |
| MORGAN STANLEY | Reduced | -962 |
| UBS Group AG | Reduced | -909 |
| Osbon Capital Management LLC | Sold out | -472 |
| Allworth Financial LP | Sold out | -18 |
Biggest calls
| None |
Biggest puts
| SIMPLEX TRADING, LLC | Unchanged | $468400 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 |
|---|---|
| Bulldog Investors, LLP 13G · institution new · filed 2026-02-13 | 5.4% |
Insider purchases and sales since 1 Apr 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 |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $22.5k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Bulldog Investors, LLP 0.15% of their portfolio | 596.8k $698.2k | Unchanged |
| Founders Financial Alliance, LLC 0.04% of their portfolio | 255.3k $298.7k | Reduced -40.5k |
| Black Maple Capital Management LP 0.14% of their portfolio | 172.6k $202.0k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 38.7k $45.2k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 35.9k $42.0k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 29.3k $34.3k | New |
| North Ground Capital 0.04% of their portfolio | 28.0k $32.8k | Added +2.6k |
| XTX Topco Ltd 0.00% of their portfolio | 17.2k $20.1k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 16.9k $19.8k | Unchanged |
| Virtu Financial LLC 0.00% of their portfolio | 13.0k $15.0k | New |
| Stonebridge Financial Group, LLC/CA 0.00% of their portfolio | 11.9k $13.0k | First filing |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 11.1k $13.0k | Reduced -12 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 4.8k $4.4k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 2.3k $2.7k | Reduced -909 |
| Triumph Capital Management 0.00% of their portfolio | 1.0k $1.2k | Unchanged |
| MTM Investment Management, LLC 0.00% of their portfolio | 500 $585 | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 363 $425 | Reduced -962 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 333 $389 | New |
| Coppell Advisory Solutions LLC 0.04% of their portfolio | 19 $438.8k | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 5 $6 | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 0 $0 | Unchanged |