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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
209
Holders Change
-1
Holders Change %
-0.48%
% of All Funds
3.32%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
25
Increased
76
Reduced
52
Closed
26
Calls
$1.02M
Puts
$68K
Net Calls
+$952K
Net Calls Change
+$1.11M

Top Buyers

Rank Fund Capital Flow
1
Two Sigma Advisers
Two Sigma Advisers
New York
+$4.65M
2
Two Sigma Investments
Two Sigma Investments
New York
+$3.42M
3
PIWA
Prevail Innovative Wealth Advisors
Kansas
+$2.41M
4
FGAM
Financial Gravity Asset Management
Texas
+$2.17M
5
Bank of America
Bank of America
North Carolina
+$1.32M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$26.1M
2
C
Cliffwater
California
-$6.98M
3
AC
Almitas Capital
California
-$5.13M
4
UBS Group
UBS Group
Switzerland
-$1.86M
5
PFMU
Privium Fund Management (UK)
United Kingdom
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$3.29M +$146K +17,013 +5%
Millennium Management
27
Millennium Management
New York
$3.15M +$393K +45,616 +15%
Neuberger Berman Group
28
Neuberger Berman Group
New York
$3.09M +$131K +15,272 +5%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$2.77M -$405K -47,019 -13%
PIWA
30
Prevail Innovative Wealth Advisors
Kansas
$2.5M +$2.41M +280,225 New
LPL Financial
31
LPL Financial
California
$2.44M +$315K +36,568 +15%
MC
32
Muzinich & Co
New York
$2.29M +$10.8K +1,256 +0.5%
Sumitomo Mitsui Trust Group
33
Sumitomo Mitsui Trust Group
Japan
$2.28M – – –
Skandinaviska Enskilda Banken (SEB)
34
Skandinaviska Enskilda Banken (SEB)
Sweden
$2.13M – – –
CCM
35
Condor Capital Management
New Jersey
$1.99M +$223K +25,862 +13%
FGAM
36
Financial Gravity Asset Management
Texas
$1.64M +$2.17M +252,079 +1,693%
GA
37
GraniteShares Advisors
New York
$1.59M +$59K +6,850 +4%
BAMF
38
BI Asset Management Fondsmaeglerselskab
Denmark
$1.5M +$40.5K +4,711 +3%
MCM
39
McKinley Capital Management
Alaska
$1.46M -$82.4K -9,578 -6%
RJA
40
Raymond James & Associates
Florida
$1.43M +$126K +14,659 +10%
Tudor Investment Corp
41
Tudor Investment Corp
Connecticut
$1.35M +$1.3M +151,209 New
LSV Asset Management
42
LSV Asset Management
Illinois
$1.25M +$1.21M +140,500 New
PI
43
Putnam Investments
Massachusetts
$1.04M +$130K +15,047 +15%
Goldman Sachs
44
Goldman Sachs
New York
$999K +$965K +112,168 New
RP
45
Riverbridge Partners
Minnesota
$988K +$119K +13,878 +14%
C
46
Cliffwater
California
$981K -$6.98M -810,665 -88%
PCIA
47
Prime Capital Investment Advisors
Kansas
$977K -$15.1K -1,759 -2%
HighTower Advisors
48
HighTower Advisors
Illinois
$925K -$37.3K -4,333 -4%
AGM
49
Alpine Global Management
New York
$913K +$882K +102,500 New
AWM
50
AE Wealth Management
Kansas
$880K -$223K -25,941 -21%
1
2
3 4 5

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.