Barings BDC
BBDC
105 hedge funds and large institutions have $411M invested in Barings BDC in 2020 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 45 increasing their positions, 14 reducing their positions, and 7 closing their positions.
3,450% more call options, than puts
Call options by funds: $355K | Put options by funds: $10K
414% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 7
221% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 14
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
44% more capital invested
Capital invested by funds: $285M → $411M (+$126M)
36% more funds holding
Funds holding: 77 → 105 (+28)
3.76% less ownership
Funds ownership: 74.43% → 70.67% (-3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLG
Cooperman Leon G
|
+$14.1M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$11.7M |
| 3 |
WC
Wynnefield Capital
New York
|
+$11.4M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$8.48M |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$8.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.04M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.78M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$1.41M |
| 4 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
-$508K |
| 5 |
AR
Advisory Research
Chicago,
Illinois
|
-$348K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFSCE
101
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $1K | +$773 | +91 | New |
|
|
HNB
102
Huntington National Bank
Columbus,
Ohio
| $1K | +$1.06K | +125 | +12,500% |
|
|
APA
103
American Portfolios Advisors
Holbrook,
New York
| $920 | – | – | – |
|
|
RCM
104
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
| – | -$1.41M | -175,998 | Closed |
|
105
Tudor Investment Corp
Stamford,
Connecticut
| – | -$91K | -11,345 | Closed |
|
|
SSA
106
Schonfeld Strategic Advisors
New York
| – | -$84K | -10,400 | Closed |
|
|
SBIA
107
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$81K | -10,105 | Closed |
|
108
Lazard Asset Management
New York
| – | -$26K | -3,289 | Closed |
|
109
JP Morgan Chase
New York
| – | -$8K | -1,000 | Closed |
|
|
CCM
110
Chiron Capital Management
Tallahassee,
Florida
| – | -$4K | -500 | Closed |
|
111
Fidelity Investments
Boston,
Massachusetts
| – | +$8 | +1 | New |
|
BBDC Hedge Fund Activity: Q4 2020 in Review
105 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q4 2020, worth a combined $411M — up 44% from $285M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new BBDC positions and 7 closed out — a net gain of 29 holders — while 45 added to existing stakes and 14 trimmed.
The largest buyer was Cooperman Leon G, opening a new position worth an estimated $14.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $9.04M.
- 105 institutional investors held Barings BDC (BBDC) as of Q4 2020, up from 77 in Q3 2020.
- Funds reported $411M of Barings BDC stock for Q4 2020, up 44% quarter-over-quarter.
- 36 funds opened new Barings BDC positions in Q4 2020 and 7 closed out, a net change of +29 holders.
- The largest Barings BDC buyer in Q4 2020 was Cooperman Leon G, an estimated $14.1M added.
- The largest Barings BDC seller in Q4 2020 was Rivernorth Capital Management, an estimated $9.04M sold.
Based on aggregated 13F filings for Q4 2020.