Managers / Q2 2025
BDCM CT, L.L.C.
CIK 0001282197 · 2187 ATLANTIC STREET, 9TH FLOOR, STAMFORD, CT, 06902 · 203-552-0888
Summary
Bdcm Ct, L.L.C. reported $172M in U.S.-listed holdings across 13 positions for Q2 2025.
The portfolio is heavily concentrated: CPSS alone accounts for 29.4% of reported value.
The book was largely unchanged from Q1 2025.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $172M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CPHCCANTERBURY PK HLDG CORP | HELD | +4.4K | 854.8K | +$593,219 | $16M |
| KVHIKVH INDS INC | HELD | +8.3K | 3.40M | +$179,853 | $18M |
| CPSSCONSUMER PORTFOLIO SVCS INC | HELD | +0 | 5.13M | +$6M | $50M |
| MAGNMAGNERA CORP | HELD | +0 | 750.0K | −$5M | $9M |
| FUNSIX FLAGS ENTERTAINMENT CORP | HELD | +0 | 329.9K | −$2M | $10M |
| WYNNWYNN RESORTS LTD | HELD | +0 | 168.2K | +$2M | $16M |
| VZVERIZON COMMUNICATIONS INC | HELD | +0 | 623.2K | −$1M | $27M |
| UBSUBS GROUP AG | HELD | +0 | 350.0K | +$1M | $12M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CPSSCONSUMER PORTFOLIO SVCS INChistory → | COM | 29.37% | $50M | 5.13M |
| 2 | VZVERIZON COMMUNICATIONS INChistory → | COM | 15.72% | $27M | 623.2K |
| 3 | KVHIKVH INDS INChistory → | COM | 10.55% | $18M | 3.40M |
| 4 | CPHCCANTERBURY PK HLDG CORPhistory → | COM | 9.39% | $16M | 854.8K |
| 5 | WYNNWYNN RESORTS LTDhistory → | COM | 9.18% | $16M | 168.2K |
| 6 | UBSUBS GROUP AGhistory → | SHS | 6.90% | $12M | 350.0K |
| 7 | FUNSIX FLAGS ENTERTAINMENT CORPhistory → | COM | 5.85% | $10M | 329.9K |
| 8 | MAGNMAGNERA CORPhistory → | COM SHS | 5.28% | $9M | 750.0K |
| 9 | BYDBOYD GAMING CORPhistory → | COM | 3.74% | $6M | 82.0K |
| 10 | CLWCLEARWATER PAPER CORPhistory → | COM | 1.96% | $3M | 123.5K |
| 11 | BRK/ABERKSHIRE HATHAWAY INC DELhistory → | CL A | 1.70% | $3M | 4 |
| 12 | CVGICOMMERCIAL VEH GROUP INC | COM | 0.34% | $581,000 | 350.0K |
| 13 | NOTVQINOTIV INC | COM | 0.02% | $35,956 | 19.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2025 | $172M | 13 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $168M | 13 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $186M | 14 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $169M | 12 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $165M | 12 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $152M | 13 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $139M | 11 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $139M | 10 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $160M | 12 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $173M | 12 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $163M | 12 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $164M | 12 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $184M | 11 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $198M | 19 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $188M | 16 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $44M | 7 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $30M | 4 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $25M | 5 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $93M | 6 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $74M | 6 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $87M | 6 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $101M | 7 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $79M | 5 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.