Bain Capital Specialty Finance, Inc. bonds BCSF
Who owns Bain Capital Specialty Finance, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. BCSF stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 05684BAC1 | 2.55% fixed | 2026-10-13 | USD | 99.59 | 4.58% | 85 bp | 4 | $6.5M | Jul 2026 |
| 05684BAD9 | 5.95% fixed | 2030-03-15 | USD | 96.94 | 6.92% | 264 bp | 18 | $12.2M | Jul 2026 |
| 05684BAF4 | 5.95% fixed | 2031-03-01 | USD | 95.97 | 6.99% | 268 bp | 10 | $13.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 3 | $31.9M | 96.94 | 6.95% | 266 bp | 18 |
| Jun 2026 | 3 | $91.2M | 97.48 | 6.76% | 257 bp | 32 |
| May 2026 | 3 | $25.4M | 98.15 | 6.59% | 248 bp | 10 |
| Apr 2026 | 3 | $29.5M | 98.04 | 6.62% | 272 bp | 19 |
| Mar 2026 | 3 | $90.5M | 96.81 | 6.96% | 314 bp | 34 |
| Feb 2026 | 4 | $24.6M | 99.08 | 6.32% | 268 bp | 11 |
| Jan 2026 | 4 | $27.4M | 99.19 | 6.16% | 241 bp | 19 |
| Dec 2025 | 3 | $34.9M | 99.66 | 6.01% | 237 bp | 32 |
| Nov 2025 | 3 | $13.1M | 99.47 | 5.97% | 234 bp | 9 |
| Oct 2025 | 3 | $19.0M | 99.36 | 6.04% | 242 bp | 18 |
| Sep 2025 | 3 | $50.4M | 99.28 | 5.25% | 161 bp | 33 |
| Aug 2025 | 3 | $23.4M | 99.15 | 5.38% | 157 bp | 12 |
| Jul 2025 | 3 | $19.2M | 98.55 | 5.62% | 164 bp | 19 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 18 added, 8 cut, 5 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $12.5M | $12.2M | $6.4M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.2M | $10.9M | $335K |
| Eaton Vance Total Return Bond Fund Eaton Vance Mutual Funds Trust | 2026-06-30 | $10.0M | $9.6M | -$2.8M |
| Frost Total Return Bond Fund Frost Family of Funds | 2026-07-31 | $10.0M | $9.6M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.8M | $6.6M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.3M | $6.1M | $2.3M |
| NVIT Loomis Core Bond Fund Nationwide Variable Insurance Trust | 2026-06-30 | $4.7M | $4.6M | $0 |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $4.5M | $4.4M | $0 |
| Calvert Short Duration Income Fund Calvert Fund | 2026-06-30 | $4.2M | $4.2M | $1.1M |
| Eaton Vance Short Duration Income ETF Morgan Stanley ETF Trust | 2026-06-30 | $4.1M | $4.1M | $2.9M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $4.2M | $4.1M | $0 |
| PIMCO Sector Fund Series - I PIMCO FUNDS | 2026-06-30 | $4.0M | $3.9M | $0 |
| DWS Short Duration Fund DEUTSCHE DWS INCOME TRUST | 2026-06-30 | $4.0M | $3.9M | -$1.4M |
| Weitz Core Plus Income Fund Weitz Funds | 2026-06-30 | $4.0M | $3.9M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.8M | $3.7M | $1.0M |
| Calvert Income Fund Calvert Fund | 2026-06-30 | $3.5M | $3.4M | -$1.0M |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $3.4M | $3.4M | $771K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.0M | $2.9M | $389K |
| Anfield Universal Fixed Income ETF Horizon Funds | 2026-07-31 | $2.8M | $2.8M | first report |
| Strategic Bond Fund RUSSELL INVESTMENT CO | 2026-07-31 | $2.8M | $2.7M | $0 |
| PIMCO Investment Grade Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $2.7M | $2.6M | $0 |
| Calvert Ultra-Short Duration Income Fund Calvert Fund | 2026-06-30 | $2.1M | $2.1M | $868K |
| iShares iBonds 2026 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $2.1M | $2.1M | $1.4M |
| Calvert Flexible Bond Fund Calvert Management Series | 2026-06-30 | $2.1M | $2.0M | -$575K |
| iShares iBonds Dec 2031 Term Corporate ETF iShares Trust | 2026-07-31 | $2.0M | $1.9M | $605K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND ($4.5M), VANGUARD INTERMEDIATE-TERM BOND INDEX FUND ($2.1M), SIIT CORE FIXED INCOME FUND ($1.7M), Schwab 5-10 Year Corporate Bond ETF ($1.5M), Core Bond Fund ($984K), Global Strategy Fund ($607K), BlackRock Multi-Sector Income Trust ($95K), BlackRock Core Bond Trust ($40K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $12.5M | $12.2M | 0.02% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 2 | $11.2M | $10.9M | 0.00% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $6.3M | $6.1M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $3.8M | $3.7M | 0.02% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $3.4M | $3.4M | 0.10% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $3.0M | $2.9M | 0.03% |
| IBHF iShares iBonds 2026 Term High Yield and Income ETF | 2026-07-31 | 1 | $2.1M | $2.1M | 0.26% |
| IBDW iShares iBonds Dec 2031 Term Corporate ETF | 2026-07-31 | 1 | $2.0M | $1.9M | 0.08% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $1.9M | $1.8M | 0.06% |
| MYCF State Street(R) My2026 Corporate Bond ETF | 2026-05-31 | 1 | $1.6M | $1.6M | 3.51% |
| CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.5M | $1.4M | 0.09% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $950K | $930K | 0.01% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $900K | $876K | 0.00% |
| SPAB State Street(R) SPDR(R) Portfolio Aggregate Bond ETF | 2026-06-30 | 2 | $770K | $747K | 0.01% |
| CVSB Calvert Ultra-Short Investment Grade ETF | 2026-06-30 | 1 | $600K | $597K | 0.28% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 266 bp spread prices in about 4.4% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in BCSF's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 15 | $16.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 124 | $454.2M | 4 | $1.5M | 4 | $637K | 0 |
| 2026-03-31 | 128 | $403.0M | 3 | $327K | 5 | $890K | 0 |
| 2025-12-31 | 139 | $453.0M | 4 | $447K | 5 | $2.1M | 0 |
| 2025-09-30 | 136 | $455.3M | 3 | $670K | 4 | $2.5M | 0 |
| 2025-06-30 | 141 | $466.2M | 4 | $796K | 5 | $2.3M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.