Barings BDC
BBDC
91 hedge funds and large institutions have $201M invested in Barings BDC in 2019 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 23 increasing their positions, 31 reducing their positions, and 20 closing their positions.
111% more call options, than puts
Call options by funds: $655K | Put options by funds: $310K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 95 → 91 (-4)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
25.46% less ownership
Funds ownership: 66.01% → 40.55% (-25%)
26% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 31
36% less capital invested
Capital invested by funds: $315M → $201M (-$114M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$4.29M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$3.69M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.03M |
| 4 |
ClearBridge Investments
New York
|
+$2.52M |
| 5 |
Millennium Management
New York
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Barings
Charlotte,
North Carolina
|
-$123M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$7.96M |
| 3 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$5.11M |
| 4 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$2.59M |
| 5 |
JP Morgan Chase
New York
|
-$1.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSA
101
Schonfeld Strategic Advisors
New York
| – | -$105K | -11,600 | Closed |
|
102
CIBC World Market
Toronto,
Ontario, Canada
| – | -$104K | -11,489 | Closed |
|
|
SPC
103
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$91K | -10,120 | Closed |
|
|
KPW
104
Kore Private Wealth
New York
| – | -$14K | -1,500 | Closed |
|
|
AIC
105
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$12K | -1,361 | Closed |
|
|
IA
106
IFP Advisors
Tampa,
Florida
| – | -$5K | -577 | Closed |
|
|
CWA
107
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$4K | -403 | Closed |
|
108
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | +$977 | +100 | New |
|
BBDC Hedge Fund Activity: Q1 2019 in Review
91 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2019, worth a combined $201M — down 36% from $315M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BBDC and 16 opened new positions — a net loss of 4 holders — while 31 trimmed existing stakes and 23 added.
The largest buyer was Punch & Associates Investment Management, adding an estimated $4.29M. The largest seller was Barings, exiting entirely with an estimated $123M sold.
- 91 institutional investors held Barings BDC (BBDC) as of Q1 2019, down from 95 in Q4 2018.
- Funds reported $201M of Barings BDC stock for Q1 2019, down 36% quarter-over-quarter.
- 16 funds opened new Barings BDC positions in Q1 2019 and 20 closed out, a net change of -4 holders.
- The largest Barings BDC buyer in Q1 2019 was Punch & Associates Investment Management, an estimated $4.29M added.
- The largest Barings BDC seller in Q1 2019 was Barings, an estimated $123M sold.
Based on aggregated 13F filings for Q1 2019.