Barings BDC
BBDC
78 hedge funds and large institutions have $271M invested in Barings BDC in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 18 closing their positions.
6,150% more call options, than puts
Call options by funds: $125K | Put options by funds: $2K
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
0.39% less ownership
Funds ownership: 74.51% → 74.12% (-0.39%)
5% less funds holding
Funds holding: 82 → 78 (-4)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
28% less capital invested
Capital invested by funds: $377M → $271M (-$106M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.7M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$3.53M |
| 3 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
+$2.98M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$2.46M |
| 5 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$13M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$6.47M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.74M |
| 4 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$2.79M |
| 5 |
VEA
Virtus ETF Advisers
New York
|
-$1.63M |
BBDC Hedge Fund Activity: Q1 2020 in Review
78 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2020, worth a combined $271M — down 28% from $377M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BBDC and 16 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 27 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.7M. The largest seller was T. Rowe Price Associates, cutting an estimated $13M.
- 78 institutional investors held Barings BDC (BBDC) as of Q1 2020, down from 82 in Q4 2019.
- Funds reported $271M of Barings BDC stock for Q1 2020, down 28% quarter-over-quarter.
- 16 funds opened new Barings BDC positions in Q1 2020 and 18 closed out, a net change of -2 holders.
- The largest Barings BDC buyer in Q1 2020 was Rivernorth Capital Management, an estimated $10.7M added.
- The largest Barings BDC seller in Q1 2020 was T. Rowe Price Associates, an estimated $13M sold.
Based on aggregated 13F filings for Q1 2020.