Barings BDC
BBDC
209 hedge funds and large institutions have $437M invested in Barings BDC in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 76 increasing their positions, 52 reducing their positions, and 26 closing their positions.
1,400% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $68K
46% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 52
8% more capital invested
Capital invested by funds: $405M → $437M (+$31.5M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% less funds holding
Funds holding: 210 → 209 (-1)
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
1.98% less ownership
Funds ownership: 47.88% → 45.9% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$4.65M |
| 2 |
Two Sigma Investments
New York
|
+$3.42M |
| 3 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
+$2.41M |
| 4 |
FGAM
Financial Gravity Asset Management
Lakeway,
Texas
|
+$2.17M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$26.1M |
| 2 |
C
Cliffwater
Marina Del Rey,
California
|
-$6.98M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$5.13M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.86M |
| 5 |
PFMU
Privium Fund Management (UK)
London,
United Kingdom
|
-$1.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCIA
226
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$93.1K | -11,881 | Closed |
|
|
OIA
227
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$90.8K | -11,582 | Closed |
|
|
SSA
228
Schonfeld Strategic Advisors
New York
| – | -$80.8K | -10,300 | Closed |
|
|
BFG
229
Bouchey Financial Group
Troy,
New York
| – | -$80.6K | -10,276 | Closed |
|
230
Simplex Trading
Chicago,
Illinois
| – | -$20K | -2,324 | Closed |
|
231
AssetMark Inc
Concord,
California
| – | -$10.4K | -1,325 | Closed |
|
|
CAS
232
Coppell Advisory Solutions
Coppell,
Texas
| – | -$7.82K | -993 | Closed |
|
|
CSPIA
233
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$5.88K | -750 | Closed |
|
234
Nomura Asset Management
Tokyo,
Japan
| – | -$5.57K | -711 | Closed |
|
|
AA
235
Ancora Advisors
Cleveland,
Ohio
| – | -$3.92K | -500 | Closed |
|
BBDC Hedge Fund Activity: Q3 2023 in Review
209 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q3 2023, worth a combined $437M — up 7.8% from $405M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of BBDC and 25 opened new positions — a net loss of 1 holder — while 52 trimmed existing stakes and 76 added.
The largest buyer was Two Sigma Advisers, adding an estimated $4.65M. The largest seller was Rivernorth Capital Management, cutting an estimated $26.1M.
- 209 institutional investors held Barings BDC (BBDC) as of Q3 2023, down from 210 in Q2 2023.
- Funds reported $437M of Barings BDC stock for Q3 2023, up 7.8% quarter-over-quarter.
- 25 funds opened new Barings BDC positions in Q3 2023 and 26 closed out, a net change of -1 holder.
- The largest Barings BDC buyer in Q3 2023 was Two Sigma Advisers, an estimated $4.65M added.
- The largest Barings BDC seller in Q3 2023 was Rivernorth Capital Management, an estimated $26.1M sold.
Based on aggregated 13F filings for Q3 2023.