Barings BDC
BBDC
217 hedge funds and large institutions have $422M invested in Barings BDC in 2023 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 71 increasing their positions, 68 reducing their positions, and 25 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 68
0% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 25
0.12% less ownership
Funds ownership: 49.49% → 49.37% (-0.12%)
2% less funds holding
Funds holding: 221 → 217 (-4)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
38% less capital invested
Capital invested by funds: $684M → $422M (-$261M)
83% less call options, than puts
Call options by funds: $104K | Put options by funds: $607K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
+$9.47M |
| 2 |
Millennium Management
New York
|
+$2.57M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.5M |
| 4 |
GA
GraniteShares Advisors
New York
|
+$1.46M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$9.47M |
| 2 |
C
Cliffwater
Marina Del Rey,
California
|
-$3.73M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$3.56M |
| 4 |
CAM
Concorde Asset Management
Ann Arbor,
Michigan
|
-$2.42M |
| 5 |
BlackRock
New York
|
-$2.23M |
BBDC Hedge Fund Activity: Q1 2023 in Review
217 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2023, worth a combined $422M — down 38% from $684M a quarter earlier.
Fund positioning in BBDC was balanced in Q1 2023: 25 funds opened new positions, 25 closed out, 71 added to existing stakes and 68 trimmed.
The largest buyer was Private Management Group, adding an estimated $9.47M. The largest seller was Punch & Associates Investment Management, cutting an estimated $9.47M.
- 217 institutional investors held Barings BDC (BBDC) as of Q1 2023, down from 221 in Q4 2022.
- Funds reported $422M of Barings BDC stock for Q1 2023, down 38% quarter-over-quarter.
- 25 funds opened new Barings BDC positions in Q1 2023 and 25 closed out, a net change of 0 holders.
- The largest Barings BDC buyer in Q1 2023 was Private Management Group, an estimated $9.47M added.
- The largest Barings BDC seller in Q1 2023 was Punch & Associates Investment Management, an estimated $9.47M sold.
Based on aggregated 13F filings for Q1 2023.