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Next Capital Management’s Golub Capital BDC GBDC Stock Holding History

Next Capital Management’s Portfolio GBDC Stock Details GBDC Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$6.51M Sell
505,442
-61,763
-11% -$805K 1.76% 17
2026
Q1 		$7.18M Buy
567,205
+322,992
+132% +$4.14M 2.17% 13
2025
Q4 		$3.31M Hold
244,213
– – 1.06% 22
2025
Q3 		$3.34M Sell
244,213
-35,231
-13% -$519K 1.12% 21
2025
Q2 		$4.09M Sell
279,444
-63,509
-19% -$925K 1.51% 19
2025
Q1 		$5.19M Sell
342,953
-240,923
-41% -$3.7M 2.49% 9
2024
Q4 		$8.85M Sell
583,876
-188,034
-24% -$2.87M 3.58% 6
2024
Q3 		$11.7M Hold
771,910
– – 4.76% 2
2024
Q2 		$12.1M Buy
771,910
+507,377
+192% +$8.33M 5.07% 2
2024
Q1 		$4.4M Sell
264,533
-354,705
-57% -$5.54M 1.78% 15
2023
Q4 		$9.35M Sell
619,238
-343,938
-36% -$5.06M 3.98% 5
2023
Q3 		$14.1M Sell
963,176
-14,157
-1% -$201K 6.33% 4
2023
Q2 		$13.2M Buy
977,333
+13,998
+1% +$186K 6.11% 3
2023
Q1 		$13.1M Buy
963,335
+70,765
+8% +$954K 6.3% 3
2022
Q4 		$11.7M Buy
892,570
+518,324
+138% +$6.83M 6.33% 3
2022
Q3 		$4.64M Buy
374,246
+92,848
+33% +$1.26M 3.5% 6
2022
Q2 		$3.65M Buy
281,398
+38,616
+16% +$553K 2.65% 7
2022
Q1 		$3.69M Buy
242,782
+22,371
+10% +$346K 2.49% 8
2021
Q4 		$3.4M Sell
220,411
-630
-0.3% -$9.76K 2.3% 11
2021
Q3 		$3.5M Sell
221,041
-66,422
-23% -$1.04M 2.54% 10
2021
Q2 		$4.44M Buy
287,463
+1,660
+0.6% +$25.8K 2.83% 9
2021
Q1 		$4.18M Hold
285,803
– – 2.72% 10
2020
Q4 		$4.04M Buy
285,803
+25,200
+10% +$344K 2.84% 9
2020
Q3 		$3.45M Buy
260,603
+90,255
+53% +$1.13M 2.3% 13
2020
Q2 		$1.99M Buy
170,348
+158,933
+1,392% +$1.79M 1.4% 23
2020
Q1 		$140K Buy
11,415
+4,288
+60% +$70.2K 0.11% 85
2019
Q4 		$129K Hold
7,127
– – 0.09% 84
2019
Q3 		$62K Hold
7,127
– – 0.04% 136
2019
Q2 		$124K Hold
7,127
– – 0.08% 107
2019
Q1 		$125K Hold
7,127
– – 0.11% 101
2018
Q4 		$115K Buy
+7,127
New +$127K 0.1% 95

Other funds holding GBDC

SO
STRS Ohio Columbus, Ohio $26.7B AUM 43.32% 1-Year Est. Return
HighTower Advisors
HighTower Advisors Chicago, Illinois $104B AUM 28.3% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return
Corient Private Wealth
Corient Private Wealth Miami, Florida $77.5B AUM 28.19% 1-Year Est. Return
SIS
Sound Income Strategies Ft Lauderdale, Florida $2.23B AUM 11.22% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.63B AUM 18.97% 1-Year Est. Return
OAC
OMERS Administration Corp Toronto, Ontario, Canada $16.7B AUM 35.96% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Next Capital Management's GBDC Position: Q2 2026 in Review

Next Capital Management reduced its Golub Capital BDC (GBDC) stake by 11% in Q2 2026, selling an estimated $805K and leaving 505,442 shares worth $6.51M. The position accounts for 1.76% of the portfolio, ranked #17.

Next Capital Management first reported a position in GBDC in Q4 2018 and has held it in 31 quarters since. The position peaked at $14.1M in Q3 2023. 317 funds tracked by Wall St. Rank hold GBDC as of Q2 2026.

  • Next Capital Management held 505,442 shares of Golub Capital BDC worth $6.51M as of Q2 2026.
  • Next Capital Management sold 61,763 Golub Capital BDC shares in Q2 2026, an estimated $805K.
  • Golub Capital BDC made up 1.76% of Next Capital Management's portfolio in Q2 2026, its #17 holding.
  • Next Capital Management first reported a position in Golub Capital BDC in Q4 2018 and has held it in 31 quarters since.
  • Next Capital Management's Golub Capital BDC position peaked at $14.1M in Q3 2023.
  • 317 funds tracked by Wall St. Rank held Golub Capital BDC as of Q2 2026.

Based on Next Capital Management's 13F filing for Q2 2026, filed 3 Aug 2026.