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Barings BDC

99 hedge funds and large institutions have $240M invested in Barings BDC in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 33 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 33

12% more call options, than puts

Call options by funds: $2.46M | Put options by funds: $2.19M

3.59% more ownership

Funds ownership: 31.61%35.2% (+3.6%)

17% less funds holding

Funds holding: 11999 (-20)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

64% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 28

75% less capital invested

Capital invested by funds: $973M → $240M (-$733M)

Holders
99
Holders Change
-20
Holders Change %
-16.81%
% of All Funds
2.47%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
10
Increased
44
Reduced
33
Closed
28
Calls
$2.46M
Puts
$2.19M
Net Calls
+$272K
Net Calls Change
+$594K
Name Holding Trade Value Shares
Change
Change in
Stake
RJA
26
Raymond James & Associates
Florida
$2.13M -$422K -28,023 -16%
TG
27
TCW Group
California
$1.99M -$301K -19,965 -13%
Legal & General Group
28
Legal & General Group
United Kingdom
$1.87M +$5.88K +390 +0.3%
Invesco
29
Invesco
Georgia
$1.87M +$118K +7,832 +6%
GIM
30
Greenwich Investment Management
Connecticut
$1.8M +$26.7K +1,770 +1%
FPFS
31
First Personal Financial Services
North Carolina
$1.7M +$166K +10,983 +10%
CIBC Private Wealth Group
32
CIBC Private Wealth Group
Georgia
$1.69M +$1.79M +118,544 New
SIC
33
Salem Investment Counselors
North Carolina
$1.63M -$72.7K -4,825 -4%
Norges Bank
34
Norges Bank
Norway
$1.51M +$53.1K +3,525 +3%
HPIA
35
Hamilton Point Investment Advisors
North Carolina
$1.38M +$19.4K +1,285 +1%
LPL Financial
36
LPL Financial
California
$1.25M +$99.7K +6,615 +8%
SI
37
Stephens Inc
Arkansas
$1.21M -$4.66K -309 -0.4%
BCM
38
Buckhead Capital Management
Georgia
$1.11M -$807K -53,525 -41%
SM
39
Salzhauer Michael
$1.08M
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$1.07M -$849K -56,329 -43%
Millennium Management
41
Millennium Management
New York
$1.01M +$367K +24,313 +52%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$894K -$146K -9,701 -13%
D.E. Shaw & Co
43
D.E. Shaw & Co
New York
$856K +$903K +59,925 New
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$719K +$506K +33,569 +200%
Bank of Nova Scotia
45
Bank of Nova Scotia
Ontario, Canada
$700K
AAM
46
Advisors Asset Management
Colorado
$656K +$185K +12,291 +37%
AIM
47
Allen Investment Management
New York
$623K -$68.6K -4,552 -9%
NFA
48
Nuveen Fund Advisors
Illinois
$583K -$67.4K -4,470 -10%
LTFS
49
Ladenburg Thalmann Financial Services
Florida
$547K +$216K +14,305 +60%
Commonwealth Equity Services
50
Commonwealth Equity Services
Massachusetts
$480K +$103K +6,864 +26%

BBDC Hedge Fund Activity: Q3 2017 in Review

99 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q3 2017, worth a combined $240M — down 75% from $973M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of BBDC and 10 opened new positions — a net loss of 18 holders — while 33 trimmed existing stakes and 44 added.

The largest buyer was State of New Jersey Common Pension Fund D, adding an estimated $15.8M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $9.52M sold.

  • 99 institutional investors held Barings BDC (BBDC) as of Q3 2017, down from 119 in Q2 2017.
  • Funds reported $240M of Barings BDC stock for Q3 2017, down 75% quarter-over-quarter.
  • 10 funds opened new Barings BDC positions in Q3 2017 and 28 closed out, a net change of -18 holders.
  • The largest Barings BDC buyer in Q3 2017 was State of New Jersey Common Pension Fund D, an estimated $15.8M added.
  • The largest Barings BDC seller in Q3 2017 was McGowan Group Asset Management, an estimated $9.52M sold.

Based on aggregated 13F filings for Q3 2017.