KAYNE ANDERSON BDC INC KBDC
COM SHS · Common Stock · CUSIP 48662X105
* 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: 66.0m as of 2026-08-05, 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 ≈ $13.55.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 17 |
| Q3 2024 | 21 |
| Q4 2024 | 48 |
| Q1 2025 | 63 |
| Q2 2025 | 71 |
| Q3 2025 | 83 |
| Q4 2025 | 87 |
| Q1 2026 | 93 |
| Q2 2026 | 93 |
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 | 14 | 6 |
| Q4 2024 | 40 | 6 |
| Q1 2025 | 50 | 15 |
| Q2 2025 | 43 | 32 |
| Q3 2025 | 44 | 29 |
| Q4 2025 | 38 | 45 |
| Q1 2026 | 42 | 35 |
| Q2 2026 | 49 | 36 |
Biggest buyers
| Columbus Macro, LLC | New | +610.7k |
| ENVESTNET ASSET MANAGEMENT INC | New | +609.0k |
| Cetera Investment Advisers | New | +590.5k |
| Russell Investments Group, Ltd. | Added | +244.5k |
| MORGAN STANLEY | Added | +204.1k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +105.5k |
| UBS Group AG | Added | +99.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +81.5k |
| Adams Asset Advisors, LLC | Added | +80.8k |
| AMERICAN FINANCIAL GROUP INC | Added | +78.0k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -5.4m |
| Koch, Inc. | Reduced | -1.7m |
| Corient Private Wealth LP | Reduced | -193.6k |
| Callodine Capital Management, LP | Reduced | -190.4k |
| JANE STREET GROUP, LLC | Reduced | -159.7k |
| HF Capital, LLC | Reduced | -128.2k |
| Activest Wealth Management | Reduced | -97.8k |
| Sage Mountain Advisors LLC | Reduced | -64.8k |
| Pathstone Holdings, LLC | Reduced | -55.1k |
| XTX Topco Ltd | Reduced | -43.1k |
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 |
|---|---|
| Koch Companies Defined Benefit Master Trust 13G · institution filed 2026-08-14 | 13.2% |
| STATE OF MICHIGAN RETIREMENT SYSTEM 13G · institution new · filed 2026-01-15 | 9.6% |
| BANK OF AMERICA CORP /DE/ 13G · institution +1.5 pts · filed 2026-02-12 | 8.0% |
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 | $41.4k | 0 | — | — |
| Q1 2025 | 1 | $82.0k | 0 | — | — |
| Q2 2025 | 1 | $2.6m | 1 | $8.1m | — |
| Q3 2025 | 1 | $5.0k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $137.6k | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $10.0m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | ROBO JAMES L Director · Ventus Capital, LLC | Bought | $1.9m146.8k shares |
| 2026-09-24 | ROBO JAMES L Director · Ventus Capital, LLC | Bought | $1.4m105.0k shares |
| 2026-09-23 | ROBO JAMES L Director · Ventus Capital, LLC | Bought | $1.2m94.1k shares |
| 2026-09-22 | ROBO JAMES L Director · Ventus Capital, LLC | Bought | $273.9k20.8k shares |
| 2026-09-16 | ROBO JAMES L Director · Ventus Capital, LLC | Bought | $4.4m340.0k shares |
| 2026-09-14 | ROBO JAMES L Director · Ventus Capital, LLC | Bought | $781.2k60.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Koch, Inc. 12.96% of their portfolio | 10.5m $141.9m | Reduced -1.7m |
| STATE OF MICHIGAN RETIREMENT SYSTEM 0.39% of their portfolio | 6.6m $88.8m | Unchanged |
| HF Capital, LLC 10.11% of their portfolio | 2.2m $30.0m | Reduced -128.2k |
| Pathstone Holdings, LLC 0.04% of their portfolio | 1.1m $14.4m | Reduced -55.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 796.3k $10.8m | Added +244.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 779.8k $10.6m | Added +27.6k |
| UBS Group AG 0.00% of their portfolio | 747.2k $10.1m | Added +99.7k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 669.9k $9.1m | Added +71.4k |
| MORGAN STANLEY 0.00% of their portfolio | 662.1k $9.0m | Added +204.1k |
| Requisite Capital Management, LLC 1.49% of their portfolio | 645.1k $9.0m | Added +39.4k |
| Columbus Macro, LLC 0.80% of their portfolio | 610.7k $8.3m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 609.0k $8.2m | New |
| Cetera Investment Advisers 0.01% of their portfolio | 590.5k $8.0m | New |
| KENNEDY CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 385.0k $5.2m | Reduced -6.1k |
| Sage Mountain Advisors LLC 0.29% of their portfolio | 353.3k $4.8m | Reduced -64.8k |
| AMERICAN FINANCIAL GROUP INC 1.35% of their portfolio | 283.9k $3.8m | Added +78.0k |
| HB Wealth Management, LLC 0.02% of their portfolio | 280.2k $3.8m | Added +44.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 250.8k $3.4m | Added +105.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 239.1k $3.2m | Added +12.7k |
| BlackRock, Inc. 0.00% of their portfolio | 235.9k $3.2m | Reduced -5.7k |
| AG Asset Advisory, LLC 2.22% of their portfolio | 203.3k $2.8m | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 186.5k $2.5m | Added +64.1k |
| Corient Private Wealth LP 0.00% of their portfolio | 183.9k $2.5m | Reduced -193.6k |
| Activest Wealth Management 0.39% of their portfolio | 149.1k $2.0m | Reduced -97.8k |
| Centric Wealth Management 0.31% of their portfolio | 131.6k $2.0m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 129.6k $1.8m | Added +51.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 124.6k $1.7m | Reduced -5.4m |
| DBA TRADING, LLC 0.84% of their portfolio | 122.0k $1.7m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 104.2k $1.4m | Added +81.5k |
| Callodine Capital Management, LP 0.09% of their portfolio | 101.4k $1.4m | Reduced -190.4k |
| Adams Asset Advisors, LLC 0.16% of their portfolio | 101.2k $1.4m | Added +80.8k |
| Hennion & Walsh Asset Management, Inc. 0.04% of their portfolio | 99.8k $1.3m | Added +31.4k |
| STATE STREET CORP 0.00% of their portfolio | 97.9k $1.4m | Added +14.8k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 95.1k $1.3m | Unchanged |
| SlateStone Wealth, LLC 0.10% of their portfolio | 94.6k $1.3m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 83.2k $1.1m | Added +36.3k |
| Inscription Capital, LLC 0.10% of their portfolio | 81.1k $1.1m | Unchanged |
| Closed-End Fund Advisors, Inc. 1.04% of their portfolio | 78.5k $1.1m | Added +42.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 75.2k $1.0m | New |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 74.8k $1.0m | Reduced -146 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 70.2k $950.0k | Added +2.6k |
| Cerity Partners LLC 0.00% of their portfolio | 67.8k $917.6k | Added +619 |
| BROWN ADVISORY INC 0.00% of their portfolio | 64.6k $874.0k | Added +2.8k |
| Legacy Wealth Advisors, LLC 0.35% of their portfolio | 59.1k $799.5k | Unchanged |
| Accredited Investors Inc. 0.03% of their portfolio | 50.9k $688.6k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 44.7k $604.5k | Added +33.8k |
| Quantinno Capital Management LP 0.00% of their portfolio | 43.8k $593.1k | Unchanged |
| Kovack Advisors, Inc. 0.03% of their portfolio | 41.9k $567.2k | New |
| Belpointe Asset Management LLC 0.02% of their portfolio | 41.6k $563.0k | Added +3.4k |
| UMB Bank, n.a. 0.01% of their portfolio | 37.2k $502.8k | Not comparable |
| XTX Topco Ltd 0.01% of their portfolio | 36.9k $498.7k | Reduced -43.1k |
| Dynamic Technology Lab Private Ltd 0.10% of their portfolio | 33.9k $458.0k | Added +15.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 31.6k $428.1k | New |
| Apollon Wealth Management, LLC 0.01% of their portfolio | 31.4k $424.2k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 30.0k $406.4k | Reduced -159.7k |
| TCTC Holdings, LLC 0.01% of their portfolio | 29.8k $403.3k | Added +17.9k |
| HighTower Advisors, LLC 0.00% of their portfolio | 26.4k $357.7k | Reduced -6.8k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 25.5k $344.5k | Added +340 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 24.6k $332.6k | Reduced -28.6k |
| Invesco Ltd. 0.00% of their portfolio | 23.5k $318.5k | Added +8.2k |
| Squarepoint Ops LLC 0.00% of their portfolio | 22.7k $307.2k | Added +12.7k |
| EAGLE GLOBAL ADVISORS LLC 0.01% of their portfolio | 21.6k $291.6k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 21.1k $285.0k | Unchanged |
| Platt Wealth Management LLC 0.22% of their portfolio | 20.1k $271.0k | Unchanged |
| Birchview Capital, LP 0.13% of their portfolio | 20.0k $270.6k | Unchanged |
| TT Capital Management LLC 0.21% of their portfolio | 20.0k $270.6k | Reduced -1.1k |
| WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC 0.01% of their portfolio | 18.4k $257.0k | Unchanged |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 17.1k $231.2k | Added +4.7k |
| CARY STREET PARTNERS FINANCIAL LLC 0.00% of their portfolio | 16.5k $223.0k | Added +2.0k |
| Generali Investments CEE, investicni spolecnost, a.s. 0.01% of their portfolio | 15.8k $214.2k | Unchanged |
| Advisors Asset Management, Inc. 0.00% of their portfolio | 15.7k $212.8k | New |
| Veery Capital, LLC 0.05% of their portfolio | 14.9k $201.6k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 14.4k $195.0k | Reduced -1.7k |
| Virtu Financial LLC 0.01% of their portfolio | 14.0k $190.0k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 13.0k $176.0k | Unchanged |
| Balentine LLC 0.01% of their portfolio | 11.9k $161.3k | Unchanged |
| Sovereign Financial Group, Inc. 0.02% of their portfolio | 11.6k $156.3k | Added +235 |
| Windsor Advisory Group, LLC 0.11% of their portfolio | 11.2k $151.8k | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 10.9k $146.9k | New |
| Forvis Mazars Wealth Advisors, LLC 0.00% of their portfolio | 10.5k $142.1k | Unchanged |
| Advisory Services Network, LLC 0.00% of their portfolio | 10.3k $138.9k | Added +55 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 10.2k $137.6k | Reduced -4.5k |
| nVerses Capital, LLC 0.21% of their portfolio | 10.1k $136.7k | Reduced -1.8k |
| KAVAR CAPITAL PARTNERS GROUP, LLC 0.02% of their portfolio | 10.0k $135.3k | New |
| Security National Bank 0.01% of their portfolio | 4.4k $59.6k | Unchanged |
| Quantbot Technologies LP 0.00% of their portfolio | 3.9k $53.0k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 2.4k $32.5k | Reduced -8.5k |
| Fourth Dimension Wealth, LLC 0.00% of their portfolio | 1.0k $13.5k | New |
| Founders Capital Management 0.00% of their portfolio | 800 $10.8k | Unchanged |
| Clearstead Advisors, LLC 0.00% of their portfolio | 300 $4.1k | New |
| Roxbury Financial LLC 0.00% of their portfolio | 168 $2.3k | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 34 $460 | Added +7 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 13 $181 | Unchanged |