Crescent Capital BDC, Inc.

CCAP • NASDAQ

Crescent Capital BDC, Inc. is a asset management company in the financial services sector on NASDAQ, led by Henry Chung, with a market cap of $553.4M. As of Q3 2025, 65% of shares are held by 95 institutional investors, with Texas County & District Retirement System as the largest holder at 13.5%.

PresidentHenry Chung

Market Cap$553.4M

Asset Management

Financial Services

Websitecrescentbdc.com

Country

United States of America

Overview

Overview of institutional ownership in CCAP as of Q3 2025 with a market cap of $528.5M

All Institutions

Institutions: 95
Value Held: $342.8M
Shares Held: 24.0M
Avg Position: $3.6M
Median Position: $493.1K

Hedge Funds

Hedge Funds: 9
Value Held: $24.1M
Shares Held: 1.7M
Avg Position: $2.7M
Median Position: $2.9M

Ownership Breakdown

Institutional (non-HF)

60.29%

$318.6M

Hedge Funds

4.57%

$24.1M

Retail & Other

35.14%

$185.7M

Based on market cap of $528.5M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CCAP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
T Texas County & District Retirement System Institution	-	$71.3M 100.00% of portfolio	13.50% 5.0M shares	Q4 2022 Held for 2y 11m	$71.3M
Fidelity National Financial, Inc. Institution	Randy Quirk Chairman	$60.0M 1.57% of portfolio	11.35% 4.2M shares	Q2 2020 Held for 5y 5m	$3.8B
Blackstone Group L.P. Institution	Jonathan D. Gray President	$60.0M 0.26% of portfolio	11.35% 4.2M shares	Q1 2025 Held for 8 months	$23.2B
SUN LIFE FINANCIAL INC Institution	Kevin D. Strain CEO	$31.7M 1.66% of portfolio	6.01% 2.2M shares	Q2 2021 Held for 4y 5m	$1.9B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$7.7M 0.00% of portfolio	1.46% 540.5K shares	Q1 2024 Held for 1y 8m	$395.36B
ARES MANAGEMENT LLC Private Equity	Michael J (Mi Only) Arougheti CEO	$7.4M 0.34% of portfolio	1.39% 516.4K shares	Q4 2021 Held for 3y 11m	$2.2B
Mariner Wealth Advisors, LLC RIA/Wealth	Martin Christopher Bicknell CEO	$6.4M 0.01% of portfolio	1.21% 450.3K shares	Q3 2022 Held for 3y 2m	$77.3B
Bulldog Investors, LLC Hedge Fund•Activist	Phillip Franklin Goldstein Managing Partner	$6.2M 1.52% of portfolio	1.18% 437.5K shares	Q2 2025 Held for 5 months	$409.9M
CF Capital LLC Hedge Fund•Sector	Jenaro Cardona-Fox CIO	$6.0M 3.77% of portfolio	1.13% 418.0K shares	Q2 2025 Held for 5 months	$158.3M
Almitas Capital LLC RIA/Wealth	Ronald Dean Mass Managing Partner	$5.4M 1.23% of portfolio	1.02% 376.5K shares	Q1 2025 Held for 8 months	$435.9M

Net Capital Flow

Institutional buying and selling activity for CCAP in Q3 2025

Traded: +$18.8M
Buyers: 56
Sellers: 31
Total Bought: +$26.9M
Total Sold: −$8.1M
Avg Position: $3.2M

Biggest Buyers

Institution	Net Bought	Current Position
A Alpine Partners VI, LLC Institution	+$3.1M +220.0K shares	$3.1M 220.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$2.6M +179.7K shares	$3.8M 269.6K shares
Bulldog Investors, LLC Hedge Fund•Activist	+$2.1M +147.1K shares	$6.2M 437.5K shares
Kovitz Investment Group Partners, LLC RIA/Wealth	+$1.9M +135.0K shares	$4.9M 345.8K shares
CF Capital LLC Hedge Fund•Sector	+$1.5M +107.0K shares	$6.0M 418.0K shares
MORGAN STANLEY RIA/Wealth	+$1.3M +94.3K shares	$3.0M 213.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.3M +89.0K shares	$2.9M 202.1K shares
D D. E. Shaw & Co., Inc. Institution	+$1.1M +78.9K shares	$1.1M 78.9K shares
Trexquant Investment LP Hedge Fund•Quant	+$1.0M +70.8K shares	$1.0M 70.8K shares
ICON ADVISERS INC/CO Long Only Manager	+$910.4K +63.8K shares	$1.9M 133.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
J JANE STREET GROUP, LLC Institution	−$1.4M −102.7K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$663.2K −47.0K shares	Sold Off 0 shares
UBS Group AG Institution	−$579.3K −40.6K shares	$2.6M 181.3K shares
O OXFORD ASSET MANAGEMENT Institution	−$564.7K −40.0K shares	Sold Off 0 shares
FJ Capital Management LLC Hedge Fund•Long/Short	−$530.7K −37.6K shares	Sold Off 0 shares
DENALI ADVISORS LLC Long Only Manager	−$517.0K −36.3K shares	$1.7M 117.4K shares
BANK OF AMERICA CORP /DE/ Institution	−$490.6K −34.4K shares	$550.5K 38.6K shares
M MQS Management LLC Hedge Fund•Global Macro	−$448.5K −31.8K shares	Sold Off 0 shares
BARCLAYS PLC Institution	−$366.6K −26.0K shares	Sold Off 0 shares
Beacon Pointe Advisors, LLC RIA/Wealth	−$326.7K −23.2K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CCAP in Q3 2025

New Positions: 12
New Value: $2.3M
Exited Positions: 13
Exited Value: $5.3M

New Positions

Institution	Position Value
B Brevan Howard Capital Management LP Institution	$691.0K 48.5K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	$316.2K 22.2K shares
Summit Financial, LLC RIA/Wealth	$290.4K 20.4K shares
A Adams Asset Advisors, LLC RIA/Wealth	$251.5K 17.6K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	$225.8K 15.8K shares
SEVEN MILE ADVISORY RIA/Wealth	$188.8K 13.2K shares
P Permanens Capital L.P. Institution	$146.8K 10.0K shares
WESTBOURNE INVESTMENTS, INC. RIA/Wealth	$141.2K 10.0K shares
Union Bankshares Corp Institution	$7.1K 500.0 shares
Triumph Capital Management RIA/Wealth	$4.3K 300.0 shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$1.4M 102.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$663.2K 47.0K shares
O OXFORD ASSET MANAGEMENT Institution	$564.7K 40.0K shares
FJ Capital Management LLC Hedge Fund•Long/Short	$530.7K 37.6K shares
M MQS Management LLC Hedge Fund•Global Macro	$448.5K 31.8K shares
BARCLAYS PLC Institution	$366.6K 26.0K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$326.7K 23.2K shares
J Jump Financial, LLC Institution	$286.4K 20.3K shares
Q Qube Research & Technologies Ltd Institution	$193.6K 13.7K shares
X XTX Topco Ltd Institution	$165.1K 11.7K shares

Options Activity

Institutions with the largest Call and Put options positions in CCAP as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with CCAP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T Texas County & District Retirement System Institution	-	100.00% $71.3M	13.50% 5.0M shares	Q4 2022 Held for 2y 11m	$71.3M
CF Capital LLC Hedge Fund•Sector	Jenaro Cardona-Fox CIO	3.77% $6.0M	1.13% 418.0K shares	Q2 2025 Held for 5 months	$158.3M
SUN LIFE FINANCIAL INC Institution	Kevin D. Strain CEO	1.66% $31.7M	6.01% 2.2M shares	Q2 2021 Held for 4y 5m	$1.9B
Fidelity National Financial, Inc. Institution	Randy Quirk Chairman	1.57% $60.0M	11.35% 4.2M shares	Q2 2020 Held for 5y 5m	$3.8B
Bulldog Investors, LLC Hedge Fund•Activist	Phillip Franklin Goldstein Managing Partner	1.52% $6.2M	1.18% 437.5K shares	Q2 2025 Held for 5 months	$409.9M
Almitas Capital LLC RIA/Wealth	Ronald Dean Mass Managing Partner	1.23% $5.4M	1.02% 376.5K shares	Q1 2025 Held for 8 months	$435.9M
Muzinich & Co., Inc. Long Only Manager	Justin George Muzinich CEO	0.76% $2.0M	0.37% 136.8K shares	Q4 2023 Held for 1y 11m	$258.0M
A Alpine Partners VI, LLC Institution	-	0.74% $3.1M	0.59% 220.0K shares	Q3 2025 Held for 2 months	$423.2M
Aspen Grove Capital, LLC Family Office	Richard Jess Geisman CCO	0.63% $3.8M	0.72% 268.4K shares	Q2 2023 Held for 2y 5m	$594.3M
ICON ADVISERS INC/CO Long Only Manager	Brian Thomas Callahan President	0.43% $1.9M	0.36% 133.8K shares	Q1 2025 Held for 8 months	$445.1M

Hedge Fund Spotlight

Discover hedge funds investing in CCAP

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Crescent Capital BDC, Inc.

Market Value: $3.8M
Shares Held: 269.6K
Portfolio Weight: 0.01%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%