Barings BDC
BBDC
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.
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: 119 → 99 (-20)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$15.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.86M |
| 3 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
+$4.05M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.31M |
| 5 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$3.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$9.52M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$3.7M |
| 3 |
Two Sigma Advisers
New York
|
-$1.68M |
| 4 |
WA
WESPAC Advisors
Orinda,
California
|
-$979K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$854K |
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.