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Barings BDC
BBDC

117 hedge funds and large institutions have $279M invested in Barings BDC in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 47 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

127% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 11

88% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 25

37% more call options, than puts

Call options by funds: $3.74M | Put options by funds: $2.73M

25% more capital invested

Capital invested by funds: $223M → $279M (+$56.2M)

11% more funds holding

Funds holding: 105 → 117 (+12)

0.57% more ownership

Funds ownership: 30.11% → 30.68% (+0.57%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
117
Holders Change
+12
Holders Change %
+11.43%
% of All Funds
2.91%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
25
Increased
47
Reduced
25
Closed
11
Calls
$3.74M
Puts
$2.73M
Net Calls
+$1.02M
Net Calls Change
+$755K

Top Buyers

1
MC
Muzinich & Co
New York
+$16.8M
2
BlackRock
BlackRock
New York
+$6.39M
3
YMRC
Yorktown Management & Research Company
Virginia
+$5.37M
4
UBS Group
UBS Group
Switzerland
+$5.15M
5
Wells Fargo
Wells Fargo
California
+$4.25M

Top Sellers

1
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$3.83M
2
SC
Scholtz & Company
Connecticut
-$2.16M
3
AM
Ares Management
California
-$2.11M
4
MVP
Miller Value Partners
Florida
-$1.15M
5
Neuberger Berman Group
Neuberger Berman Group
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSV Asset Management
26
LSV Asset Management
Illinois
$2.75M +$80.5K +4,200 +3%
TG
27
TCW Group
California
$2.65M +$2.15M +112,136 +417%
BCM
28
Buckhead Capital Management
Georgia
$2.62M -$79.7K -4,155 -3%
MVP
29
Miller Value Partners
Florida
$2.37M -$1.15M -60,000 -33%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$2.26M +$75.7K +3,947 +3%
Invesco
31
Invesco
Georgia
$2.2M -$741K -38,674 -25%
CIS
32
Connors Investor Services
Pennsylvania
$2.19M -$24.7K -1,287 -1%
SC
33
Scholtz & Company
Connecticut
$2M -$2.16M -112,850 -52%
SIC
34
Salem Investment Counselors
North Carolina
$1.94M +$599K +31,225 +44%
IP
35
Ironsides Partners
Massachusetts
$1.91M +$1.92M +100,000 New
Norges Bank
36
Norges Bank
Norway
$1.91M +$1.92M +100,000 New
Legal & General Group
37
Legal & General Group
United Kingdom
$1.87M +$250K +13,017 +15%
HPIA
38
Hamilton Point Investment Advisors
North Carolina
$1.81M -$4.89K -255 -0.3%
BTS
39
BB&T Securities
Virginia
$1.72M +$490K +25,573 +40%
DG
40
Davidson & Garrard
Virginia
$1.67M -$68.1K -3,550 -4%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$1.5M +$174K +9,060 +13%
RCM
42
Rivernorth Capital Management
Florida
$1.47M +$1.47M +76,796 New
SM
43
Salzhauer Michael
$1.45M – – –
Goldman Sachs
44
Goldman Sachs
New York
$1.33M +$809K +42,192 +154%
SI
45
Stephens Inc
Arkansas
$1.24M -$18.2K -947 -1%
DC
46
Davenport & Co
Virginia
$942K -$9.59K -500 -1%
GA
47
Geneva Advisors
Illinois
$939K +$943K +49,166 New
Bank of Nova Scotia
48
Bank of Nova Scotia
Ontario, Canada
$935K – – –
NFA
49
Nuveen Fund Advisors
Illinois
$876K +$52.5K +2,737 +6%
AIM
50
Allen Investment Management
New York
$837K +$361K +18,854 +76%
1
2
3 4 5

BBDC Hedge Fund Activity: Q1 2017 in Review

117 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2017, worth a combined $279M — up 25% from $223M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new BBDC positions and 11 closed out — a net gain of 14 holders — while 47 added to existing stakes and 25 trimmed.

The largest buyer was Muzinich & Co, adding an estimated $16.8M. The largest seller was State of New Jersey Common Pension Fund D, cutting an estimated $3.83M.

  • 117 institutional investors held Barings BDC (BBDC) as of Q1 2017, up from 105 in Q4 2016.
  • Funds reported $279M of Barings BDC stock for Q1 2017, up 25% quarter-over-quarter.
  • 25 funds opened new Barings BDC positions in Q1 2017 and 11 closed out, a net change of +14 holders.
  • The largest Barings BDC buyer in Q1 2017 was Muzinich & Co, an estimated $16.8M added.
  • The largest Barings BDC seller in Q1 2017 was State of New Jersey Common Pension Fund D, an estimated $3.83M sold.

Based on aggregated 13F filings for Q1 2017.