Barings BDC
BBDC
107 hedge funds and large institutions have $265M invested in Barings BDC in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 35 reducing their positions, and 21 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
29% more capital invested
Capital invested by funds: $205M → $265M (+$60M)
4.31% more ownership
Funds ownership: 45.36% → 49.66% (+4.3%)
0% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 35
1% less funds holding
Funds holding: 108 → 107 (-1)
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
64% less call options, than puts
Call options by funds: $274K | Put options by funds: $763K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$31.4M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$6.74M |
| 3 |
MC
Muzinich & Co
New York
|
+$5.82M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.64M |
| 5 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$2.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
-$12.6M |
| 2 |
KCP
KDI Capital Partners
Raleigh,
North Carolina
|
-$6.2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.27M |
| 4 |
TG
TCW Group
Los Angeles,
California
|
-$3.06M |
| 5 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
-$2.68M |
BBDC Hedge Fund Activity: Q1 2018 in Review
107 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2018, worth a combined $265M — up 29% from $205M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BBDC and 20 opened new positions — a net loss of 1 holder — while 35 trimmed existing stakes and 35 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $31.4M. The largest seller was TPG Group Holdings (SBS) Advisors, cutting an estimated $12.6M.
- 107 institutional investors held Barings BDC (BBDC) as of Q1 2018, down from 108 in Q4 2017.
- Funds reported $265M of Barings BDC stock for Q1 2018, up 29% quarter-over-quarter.
- 20 funds opened new Barings BDC positions in Q1 2018 and 21 closed out, a net change of -1 holder.
- The largest Barings BDC buyer in Q1 2018 was T. Rowe Price Associates, an estimated $31.4M added.
- The largest Barings BDC seller in Q1 2018 was TPG Group Holdings (SBS) Advisors, an estimated $12.6M sold.
Based on aggregated 13F filings for Q1 2018.