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Barings BDC

108 hedge funds and large institutions have $205M invested in Barings BDC in 2017 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 19

10.16% more ownership

Funds ownership: 35.2%45.36% (+10%)

9% more funds holding

Funds holding: 99108 (+9)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

8% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 36

14% less capital invested

Capital invested by funds: $240M → $205M (-$34.5M)

65% less call options, than puts

Call options by funds: $341K | Put options by funds: $985K

Holders
108
Holders Change
+9
Holders Change %
+9.09%
% of All Funds
2.45%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
29
Increased
33
Reduced
36
Closed
19
Calls
$341K
Puts
$985K
Net Calls
-$644K
Net Calls Change
-$916K
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
26
Legal & General Group
United Kingdom
$1.45M +$235K +21,427 +16%
MCM
27
McKinley Capital Management
Alaska
$1.4M -$742K -67,654 -31%
AIA
28
Armor Investment Advisors
North Carolina
$1.37M -$203K -18,512 -11%
Norges Bank
29
Norges Bank
Norway
$1.37M +$421K +38,418 +36%
Bank of America
30
Bank of America
North Carolina
$1.35M -$3.05M -278,094 -66%
CIS
31
Connors Investor Services
Pennsylvania
$1.28M -$428K -39,058 -22%
CRC
32
Curi RMB Capital
Illinois
$1.27M +$1.47M +134,010 New
FPFS
33
First Personal Financial Services
North Carolina
$1.23M +$116K +10,603 +9%
Morgan Stanley
34
Morgan Stanley
New York
$1.22M -$2.39M -218,339 -63%
CFA
35
Carroll Financial Associates
North Carolina
$1.15M +$1.1M +100,300 +475%
Deutsche Bank
36
Deutsche Bank
Germany
$1.15M +$1.31M +119,671 +11,967%
DC
37
Davenport & Co
Virginia
$1.1M -$393K -35,828 -24%
Citigroup
38
Citigroup
New York
$1.05M +$1.19M +108,414 +4,202%
Stifel Financial
39
Stifel Financial
Missouri
$1.03M -$837K -76,298 -42%
BTS
40
BB&T Securities
Virginia
$945K -$2.13M -194,046 -66%
RJA
41
Raymond James & Associates
Florida
$750K -$767K -69,932 -47%
SM
42
Salzhauer Michael
$720K
Invesco
43
Invesco
Georgia
$592K -$751K -68,511 -52%
Two Sigma Advisers
44
Two Sigma Advisers
New York
$579K +$669K +61,053 New
D.E. Shaw & Co
45
D.E. Shaw & Co
New York
$538K -$34.7K -3,163 -5%
Goldman Sachs
46
Goldman Sachs
New York
$536K +$620K +56,522 New
Susquehanna International Group
47
Susquehanna International Group
Pennsylvania
$502K +$27K +2,458 +5%
WA
48
Wasatch Advisors
Utah
$480K +$225K +20,487 +68%
AAM
49
Advisors Asset Management
Colorado
$478K +$49.1K +4,475 +10%
Bank of Nova Scotia
50
Bank of Nova Scotia
Ontario, Canada
$465K

BBDC Hedge Fund Activity: Q4 2017 in Review

108 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q4 2017, worth a combined $205M — down 14% from $240M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new BBDC positions and 19 closed out — a net gain of 10 holders — while 33 added to existing stakes and 36 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $18.8M. The largest seller was Wells Fargo, cutting an estimated $11.4M.

  • 108 institutional investors held Barings BDC (BBDC) as of Q4 2017, up from 99 in Q3 2017.
  • Funds reported $205M of Barings BDC stock for Q4 2017, down 14% quarter-over-quarter.
  • 29 funds opened new Barings BDC positions in Q4 2017 and 19 closed out, a net change of +10 holders.
  • The largest Barings BDC buyer in Q4 2017 was Citadel Advisors, an estimated $18.8M added.
  • The largest Barings BDC seller in Q4 2017 was Wells Fargo, an estimated $11.4M sold.

Based on aggregated 13F filings for Q4 2017.