Blue Owl Capital Corp III (OBDE)

• Market cap: $1.84B
• 1 day: -0.20%
• 5 days: 0.27%
• 1 month: 3.12%
• 3 months: 2.34%
• 6 months: -2.75%
• Year to date: -2.04%
• 1 year: -2.04%
• 5 years: -2.04%
• 10 years: -2.04%

About: Blue Owl Capital Corp III is focused on originating and making loans to, and debt and equity investments in middle-market companies based predominantly in the United States. Its objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. The company invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity and equity-related securities including warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company's common equity.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

600% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 2

380% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 5

33% more funds holding

Funds holding: 36 [Q2] → 48 (+12) [Q3]

8% more capital invested

Capital invested by funds: $428M [Q2] → $461M (+$33M) [Q3]

1.52% more ownership

Funds ownership: 23.18% [Q2] → 24.7% (+1.52%) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]