BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $10,714,142,774 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $10,548,871,887 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $10,817,390,771 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $10,496,603,496 | Pooled investment vehicles (100%) |
| Apr 2023 | $10,496,603,496 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $9,890,652,082 | Pooled investment vehicles (100%) |
Schedule 13D/13G stakes
Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.
| Company | Schedule | Event date | Filed | Shares | % of class | Status |
|---|---|---|---|---|---|---|
| CPSS Consumer Portfolio Services, Inc. | 13D/A not restated by this amendment, the earlier 13D's purpose stands | Aug 22, 2025 | 1y | 5,127,165 | 23.1% | Current |
| KVHI Kvh Industries Inc \De\ | 13D/A not restated by this amendment, the earlier 13D's purpose stands | Aug 22, 2025 | 1y | 3,410,164 | 17.6% | Current |
| CPHC Canterbury Park Holding Corp | 13G/A | Dec 31, 2023 | 2y | 821,274 | 16.6% | Unconfirmed since Dec 31, 2023 |
A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 1 exited, below-5% or retired stake
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2025, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2025-06-30, active share 97.9%; sector active share 63.3% against the combined 13F book's sector weights.
Over time 18 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
13 tracked positions · as of Jun 30, 2025 · Δ vs Mar 31, 2025Portfolio Trend
Sector Breakdown
As of Jun 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 38.0% | $65,152,231 |
| Consumer Cyclical | 28.5% | $48,899,758 |
| Communication Services | 26.3% | $45,068,097 |
| Consumer Defensive | 5.3% | $9,060,000 |
| Basic Materials | 2.0% | $3,364,357 |
| Healthcare | 0.0% | $35,956 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reducedNew Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CPSS |
Consumer Portfolio Services, Inc.
Financial Services
|
Held | 5,127,165 | $50,400,031 | 29.37% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Held | 623,171 | $26,964,609 | 15.72% | |
| KVHI |
Kvh Industries Inc \De\
Communication Services
|
Added | 3,396,527 | $18,103,488 | 10.55% | |
| CPHC |
Canterbury Park Holding Corp
Consumer Cyclical
|
Added | 854,805 | $16,113,074 | 9.39% | |
| WYNN |
Wynn Resorts Ltd
Consumer Cyclical
|
Held | 168,158 | $15,751,359 | 9.18% | |
| UBS |
UBS Group AG
Financial Services
|
Held | 350,000 | $11,837,000 | 6.90% | |
| FUN |
Six Flags Entertainment Corporation
Consumer Cyclical
|
Held | 329,920 | $10,039,465 | 5.85% | |
| MAGN |
Magnera Corp
Consumer Defensive
|
Held | 750,000 | $9,060,000 | 5.28% | |
| BYD |
Boyd Gaming Corp
Consumer Cyclical
|
Held | 82,000 | $6,414,860 | 3.74% | |
| CLW |
Clearwater Paper Corp
Basic Materials
|
Held | 123,508 | $3,364,357 | 1.96% | |
| BRK-A |
Berkshire Hathaway Inc
Financial Services
|
Held | 4 | $2,915,200 | 1.70% | |
| CVGI |
Commercial Vehicle Group, Inc.
Consumer Cyclical
|
Held | 350,000 | $581,000 | 0.34% | |
| NOTVQ |
Inotiv, Inc.
Healthcare
|
Held | 19,756 | $35,956 | 0.02% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.