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Barings BDC
BBDC

137 hedge funds and large institutions have $257M invested in Barings BDC in 2013 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 35 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 16

54% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 35

10% more call options, than puts

Call options by funds: $691K | Put options by funds: $626K

9% more capital invested

Capital invested by funds: $236M → $257M (+$20.5M)

5% more funds holding

Funds holding: 130 → 137 (+7)

4.23% more ownership

Funds ownership: 27.83% → 32.06% (+4.2%)

Holders
137
Holders Change
+7
Holders Change %
+5.38%
% of All Funds
3.98%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
25
Increased
54
Reduced
35
Closed
16
Calls
$691K
Puts
$626K
Net Calls
+$65K
Net Calls Change
+$218K

Top Buyers

1
OCG
Opus Capital Group
Ohio
+$12.2M
2
Two Sigma Investments
Two Sigma Investments
New York
+$2.14M
3
U
UBS
Switzerland
+$1.66M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$976K
5
Morgan Stanley
Morgan Stanley
New York
+$894K

Top Sellers

1
RFC
Russell Frank Company
Washington
-$2.02M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$1.21M
3
Deutsche Bank
Deutsche Bank
Germany
-$893K
4
BFA
BlackRock Fund Advisors
California
-$854K
5
Jane Street
Jane Street
New York
-$816K
Name Holding Trade Value Shares
Change 		Change in
Stake
DG
26
Davidson & Garrard
Virginia
$2.17M +$132K +4,564 +6%
SAM
27
Shell Asset Management
Netherlands
$1.95M +$331K +11,431 +19%
DM
28
Delphi Management
Massachusetts
$1.87M -$44.1K -1,523 -2%
Bank of America
29
Bank of America
North Carolina
$1.69M +$502K +17,331 +40%
Ohio Public Employees Retirement System (OPERS)
30
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.64M – – –
CIS
31
Connors Investor Services
Pennsylvania
$1.6M -$159K -5,486 -9%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$1.59M -$1.21M -41,787 -42%
YMRC
33
Yorktown Management & Research Company
Virginia
$1.52M – – –
CS
34
Credit Suisse
Switzerland
$1.46M +$706K +24,348 +85%
AAM
35
Advisors Asset Management
Colorado
$1.46M -$708K -24,432 -32%
VFS
36
VSR Financial Services
Kansas
$1.44M -$47.7K -1,645 -3%
California State Teachers Retirement System (CalSTRS)
37
California State Teachers Retirement System (CalSTRS)
California
$1.38M +$8.69K +300 +0.6%
PCM
38
Piermont Capital Management
Missouri
$1.32M +$1.38M +47,720 New
AllianceBernstein
39
AllianceBernstein
Tennessee
$1.24M +$20.3K +700 +2%
TA
40
Teachers Advisors
New York
$1.21M +$133K +4,600 +12%
HC
41
Highmount Capital
New York
$1.2M +$137K +4,740 +12%
Charles Schwab
42
Charles Schwab
California
$1.16M +$110K +3,800 +10%
HPIA
43
Hamilton Point Investment Advisors
North Carolina
$1.14M +$1.2M +41,390 New
VanEck Associates
44
VanEck Associates
New York
$1.1M +$198K +6,838 +21%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$1.06M -$82.2K -2,835 -7%
B
46
Baird
Wisconsin
$1M +$9.27K +320 +0.9%
SI
47
Stephens Inc
Arkansas
$911K +$18.6K +641 +2%
COPPSERS
48
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$892K +$194K +6,692 +26%
OIA
49
Optimum Investment Advisors
Illinois
$890K – – –
D.E. Shaw & Co
50
D.E. Shaw & Co
New York
$888K +$548K +18,897 +143%
1
2
3 4 5

BBDC Hedge Fund Activity: Q4 2013 in Review

137 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q4 2013, worth a combined $257M — up 8.7% from $236M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new BBDC positions and 16 closed out — a net gain of 9 holders — while 54 added to existing stakes and 35 trimmed.

The largest buyer was Opus Capital Group, adding an estimated $12.2M. The largest seller was Russell Frank Company, cutting an estimated $2.02M.

  • 137 institutional investors held Barings BDC (BBDC) as of Q4 2013, up from 130 in Q3 2013.
  • Funds reported $257M of Barings BDC stock for Q4 2013, up 8.7% quarter-over-quarter.
  • 25 funds opened new Barings BDC positions in Q4 2013 and 16 closed out, a net change of +9 holders.
  • The largest Barings BDC buyer in Q4 2013 was Opus Capital Group, an estimated $12.2M added.
  • The largest Barings BDC seller in Q4 2013 was Russell Frank Company, an estimated $2.02M sold.

Based on aggregated 13F filings for Q4 2013.