KBDCNYSEFiscal year ends December 31
Kayne Anderson BDC, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$12.28−0.15 (-1.21%)
Close on Oct 19, 2026
- Market cap
- $814.75M
- P/E (TTM)
- 7.4
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
48.4%
32M of 66M shares
Institutional holders
93
17 new, 16 sold out
Net institutional buying
-5M
In Q2 2026
Insider trades, 12 months
8 buys · 0 sales
Net bought $10.14M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Koch Companies Defined Benefit Master Trust | 8,700,507 | 13.20% | 13G (passive) amendment | Jun 30, 2026 |
| State Of Michigan Retirement System | 6,566,762 | 9.60% | 13G (passive) | May 31, 2024 |
| Bank Of America Corp /De/ | 5,447,842 | 8.00% | 13G (passive) amendment | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of KBDC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Koch, Inc. | 10,485,004 | 15.88% | $141.86M | −1,696,347 | 12.96% |
| State Of Michigan Retirement System | 6,566,762 | 9.94% | $88.85M | – | 0.39% |
| HF Capital, LLC | 2,216,905 | 3.36% | $29.99M | −128,160 | 10.11% |
| Pathstone Holdings, LLC | 1,063,041 | 1.61% | $14.38M | −55,137 | 0.04% |
| Russell Investments Group, Ltd. | 796,324 | 1.21% | $10.77M | +244,504 | 0.01% |
| Franklin Resources Inc | 779,757 | 1.18% | $10.55M | +27,571 | 0.00% |
| UBS Group AG | 747,232 | 1.13% | $10.11M | +99,744 | 0.00% |
| Van Eck Associates Corp | 669,889 | 1.01% | $9.06M | +71,447 | 0.01% |
| Morgan Stanley | 662,123 | 1.00% | $8.96M | +204,063 | 0.00% |
| Requisite Capital Management, LLC | 645,130 | 0.98% | $8.99M | +39,385 | 1.49% |
| Columbus Macro, LLC | 610,736 | 0.92% | $8.26M | New | 0.80% |
| Envestnet Asset Management Inc | 608,963 | 0.92% | $8.24M | New | 0.00% |
| Cetera Investment Advisers | 590,495 | 0.89% | $7.99M | New | 0.01% |
| Kennedy Capital Management LLC | 384,999 | 0.58% | $5.21M | −6,134 | 0.09% |
| Sage Mountain Advisors LLC | 353,274 | 0.53% | $4.78M | −64,788 | 0.29% |
| American Financial Group Inc | 283,903 | 0.43% | $3.84M | +78,000 | 1.35% |
| HB Wealth Management, LLC | 280,189 | 0.42% | $3.79M | +44,848 | 0.02% |
| Renaissance Technologies LLC | 250,829 | 0.38% | $3.39M | +105,507 | 0.00% |
| Wells Fargo & Company/Mn | 239,142 | 0.36% | $3.24M | +12,742 | 0.00% |
| BlackRock, Inc. | 235,871 | 0.36% | $3.19M | −5,664 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 93 | 32M | 48.4% | 17 / 33 | 20 / 16 | 4M | 8M |
| Q1 2026 | 93 | 37M | 55.7% | 19 / 23 | 23 / 12 | 2M | 3M |
| Q4 2025 | 87 | 37M | 56.2% | 28 / 15 | 25 / 20 | 13M | 4M |
| Q3 2025 | 83 | 28M | 42.2% | 24 / 20 | 18 / 11 | 4M | 1M |
| Q2 2025 | 70 | 25M | 37.9% | 19 / 42 | 6 / 11 | 19M | 0M |
| Q1 2025 | 62 | 6M | 9.4% | 22 / 28 | 8 / 7 | 3M | 1M |
| Q4 2024 | 47 | 4M | 6.1% | 31 / 10 | 2 / 4 | 3M | 0M |
| Q3 2024 | 20 | 1M | 2.2% | 7 / 7 | 3 / 3 | 0M | 0M |
| Q2 2024 | 16 | 1M | 2.1% | 16 / 0 | 0 / 0 | 1M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of KBDC | Value | % of fund | As of |
|---|---|---|---|---|---|
| Putnam BDC Income ETF | 806,003 | 1.22% | $10.72M | 3.79% | Jul 31, 2026 |
| VanEck BDC Income ETF | 670,894 | 1.02% | $9.08M | 0.56% | Jun 30, 2026 |
| FT Confluence BDC & Specialty Finance Income ETF | 49,889 | 0.08% | $737.86K | 2.15% | May 31, 2026 |
| North Square Kennedy Microcap Fund | 10,680 | 0.02% | $157.96K | 0.48% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Andrew Franklyn Wedderburn-Maxwell | Senior Vice President | 550 | 0.00% | Nov 12, 2025 |
| James L. Robo | Director | 2,724,814 | 4.13% | Sep 30, 2026 |
| Albert Rabil | Director | 0 | – | Mar 27, 2026 |
| George E. Marucci Jr | Director | 10,000 | 0.02% | Mar 9, 2026 |
| Rhonda Scott Smith | Director | 1,615 | 0.00% | Sep 30, 2025 |
| Susan C. Schnabel | Director | 13,121 | 0.02% | Mar 6, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| James L. Robo Director | Sep 28, 2026 | Buy | +146,755 | $13.03 | $1.91M | 766,716 |
| James L. Robo Director | Sep 24, 2026 | Buy | +105,000 | $13.05 | $1.37M | 619,961 |
| James L. Robo Director | Sep 23, 2026 | Buy | +94,120 | $13.08 | $1.23M | 514,961 |
| James L. Robo Director | Sep 22, 2026 | Buy | +20,841 | $13.14 | $273.85K | 420,841 |
| James L. Robo Director | Sep 16, 2026 | Buy | +340,000 | $13.04 | $4.43M | 400,000 |
| James L. Robo Director | Sep 14, 2026 | Buy | +60,000 | $13.02 | $781.20K | 60,000 |
| George E. Marucci Jr Director | Mar 6, 2026 | Buy | +9,000 | $13.74 | $123.66K | 10,000 |
| George E. Marucci Jr Director | Mar 4, 2026 | Buy | +1,000 | $13.96 | $13.96K | 1,000 |
| Rhonda Scott Smith Director | Sep 29, 2025 | Buy | +365 | $13.68 | $4.99K | 1,615 |
| Albert Rabil Director | May 28, 2025 | Sale | −43,020 | $15.84 | $681.44K | 0 |
| Albert Rabil Director | May 28, 2025 | Sale | −121,686 | $15.84 | $1.93M | 0 |
| James L. Robo Director | May 28, 2025 | Buy | +43,020 | $15.84 | $681.44K | 1,616,489 |
| James L. Robo Director | May 28, 2025 | Buy | +121,686 | $15.84 | $1.93M | 1,738,175 |
| James L. Robo Director | May 28, 2025 | Buy | +43,020 | $15.84 | $681.44K | 1,616,489 |
| Albert Rabil Director | May 28, 2025 | Sale | −43,020 | $15.84 | $681.44K | 0 |
| Albert Rabil Director | May 23, 2025 | Sale | −5,000 | $15.57 | $77.85K | 126,686 |
| Albert Rabil Director | May 23, 2025 | Sale | −5,000 | $15.63 | $78.15K | 131,686 |
| Albert Rabil Director | May 23, 2025 | Sale | −5,000 | $15.65 | $78.25K | 136,686 |
| Albert Rabil Director | May 23, 2025 | Sale | −5,000 | $15.71 | $78.55K | 121,686 |
| Albert Rabil Director | May 23, 2025 | Sale | −10,000 | $15.76 | $157.60K | 141,686 |
| Albert Rabil Director | May 22, 2025 | Sale | −314,465 | $15.90 | $5.00M | 151,686 |
| Susan C. Schnabel Director | Mar 5, 2025 | Buy | +5,000 | $16.40 | $82.00K | 13,121 |
| Susan C. Schnabel Director | Dec 18, 2024 | Buy | +2,500 | $16.54 | $41.35K | 8,087 |
| Susan C. Schnabel Director | Sep 18, 2024 | Buy | +472 | $16.02 | $7.56K | 5,587 |
| Susan C. Schnabel Director | Aug 23, 2024 | Buy | +115 | $16.00 | $1.84K | 5,115 |
| Susan C. Schnabel Director | Aug 22, 2024 | Buy | +5,000 | $16.03 | $80.15K | 5,000 |
| Mariel A. Joliet Director | Jul 19, 2024 | Buy | +13,000 | $16.14 | $209.82K | 13,000 |
| Rhonda Scott Smith Director | Jun 3, 2024 | Buy | +1,250 | $16.12 | $20.15K | 1,250 |
| Anderson Capital Advisors Lp Kayne – | May 22, 2024 | Buy | +957,217 | $16.63 | $15.92M | 957,217 |
| James L. Robo Director | May 22, 2024 | Buy | +60,132 | $16.63 | $1,000.00K | 1,573,469 |
| Quinn Terry Vice Chairman, Director | Apr 15, 2024 | Buy | +5,426.7 | $16.63 | $90.25K | 22,325 |
| Michael J. O'Neil CCO & Secretary | Apr 15, 2024 | Buy | +1,162.84 | $16.63 | $19.34K | 4,568 |
| Goodwillie Doug Co-Chief Investment Officer | Apr 15, 2024 | Buy | +4,651.41 | $16.63 | $77.35K | 18,255 |
| Leonard Ken Co-Chief Investment Officer | Apr 15, 2024 | Buy | +17,055.26 | $16.63 | $283.63K | 67,757 |
| Albert Rabil Director | Apr 15, 2024 | Buy | +85,276.43 | $16.63 | $1.42M | 410,200 |
| Albert Rabil Director | Apr 15, 2024 | Buy | +7,752.38 | $16.63 | $128.92K | 37,854 |
| James C. Baker Chief Executive Officer | Apr 15, 2024 | Buy | +7,752.38 | $16.63 | $128.92K | 31,129 |
| Frank P. Karl Senior Vice President | Apr 15, 2024 | Buy | +1,550.45 | $16.63 | $25.78K | 6,379 |
| James L. Robo Director | Apr 15, 2024 | Buy | +387,620.51 | $16.63 | $6.45M | 1,513,337 |
| Terry A. Hart CFO and Treasurer | Apr 15, 2024 | Buy | +3,876.19 | $16.63 | $64.46K | 19,052 |
| Terry A. Hart CFO and Treasurer | Sep 30, 2023 | Buy | +667 | $16.58 | $11.06K | 14,263 |
| KA Credit Advisors, LLC – | Sep 30, 2023 | Sale | −667 | $16.58 | $11.06K | 0 |
| Goodwillie Doug Co-Chief Investment Officer | Apr 4, 2023 | Buy | +717.32 | $16.61 | $11.91K | 13,603 |
| Terry A. Hart CFO and Treasurer | Apr 4, 2023 | Buy | +597.76 | $16.61 | $9.93K | 12,860 |
| Leonard Ken Co-Chief Investment Officer | Apr 4, 2023 | Buy | +2,630.16 | $16.61 | $43.69K | 50,701 |
| Albert Rabil Director | Apr 4, 2023 | Buy | +1,195.58 | $16.61 | $19.86K | 26,676 |
| Albert Rabil Director | Apr 4, 2023 | Buy | +13,150.8 | $16.61 | $218.43K | 288,005 |
| Quinn Terry Vice Chairman, Director | Apr 4, 2023 | Buy | +836.83 | $16.61 | $13.90K | 16,898 |
| Michael J. O'Neil CCO & Secretary | Apr 4, 2023 | Buy | +179.35 | $16.61 | $2.98K | 3,405 |
| James L. Robo Director | Apr 4, 2023 | Buy | +905,557.78 | $16.61 | $15.04M | 1,125,482 |
| James C. Baker Chief Executive Officer | Apr 4, 2023 | Buy | +1,195.58 | $16.61 | $19.86K | 23,376 |
| Albert Rabil Director | Dec 31, 2022 | Buy | +22,945.16 | $16.42 | $376.76K | 269,081 |
| Goodwillie Doug Co-Chief Investment Officer | Dec 9, 2022 | Buy | +1,099.15 | $16.89 | $18.56K | 12,886 |
| Michael J. O'Neil CCO & Secretary | Dec 9, 2022 | Buy | +274.79 | $16.89 | $4.64K | 3,226 |
| Albert Rabil Director | Dec 9, 2022 | Buy | +18,318.65 | $16.89 | $309.40K | 246,136 |
| Albert Rabil Director | Dec 9, 2022 | Buy | +1,831.84 | $16.89 | $30.94K | 24,896 |
| Leonard Ken Co-Chief Investment Officer | Dec 9, 2022 | Buy | +4,030.13 | $16.89 | $68.07K | 48,071 |
| Quinn Terry Vice Chairman, Director | Dec 9, 2022 | Buy | +1,282.32 | $16.89 | $21.66K | 16,062 |
| Terry A. Hart CFO and Treasurer | Dec 9, 2022 | Buy | +915.98 | $16.89 | $15.47K | 11,981 |
| James C. Baker Chief Executive Officer | Dec 9, 2022 | Buy | +1,831.84 | $16.89 | $30.94K | 22,180 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.