Barings BDC
BBDC
130 hedge funds and large institutions have $236M invested in Barings BDC in 2013 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 6 closing their positions.
250% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 6
24% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 38
16% more capital invested
Capital invested by funds: $204M → $236M (+$32.5M)
11% more funds holding
Funds holding: 117 → 130 (+13)
0.8% more ownership
Funds ownership: 27.03% → 27.83% (+0.8%)
9% less call options, than puts
Call options by funds: $1.63M | Put options by funds: $1.78M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
+$10.2M |
| 2 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$2.78M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.28M |
| 4 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
+$1.72M |
| 5 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$744K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$6.36M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.55M |
| 3 |
Morgan Stanley
New York
|
-$1.8M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.49M |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$1.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CTC
126
Central Trust Company
Jefferson City,
Missouri
| $3K | – | – | – |
|
|
MFS
127
MSI Financial Services
Springfield,
Massachusetts
| $3K | – | – | – |
|
|
WP
128
Westend Partners
San Francisco,
California
| $2K | +$2.19K | +75 | New |
|
129
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $567 | -$2.59K | -89 | -0.5% |
|
|
CPS
130
Counsel Portfolio Services
Mississauga,
Ontario, Canada
| $391 | – | – | – |
|
|
UOC
131
UBS O'Connor
Chicago,
Illinois
| – | -$6.36M | -231,311 | Closed |
|
|
GC
132
Guggenheim Capital
Chicago,
Illinois
| – | -$3.55M | -128,921 | Closed |
|
|
RJFSA
133
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$1.49M | -54,021 | Closed |
|
134
Capital Fund Management (CFM)
Paris,
France
| – | -$311K | -11,293 | Closed |
|
|
PG
135
PEAK6 Group
Chicago,
Illinois
| – | -$132K | -4,536 | Closed |
|
|
HNB
136
Huntington National Bank
Columbus,
Ohio
| – | -$11K | -402 | Closed |
|
BBDC Hedge Fund Activity: Q3 2013 in Review
130 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q3 2013, worth a combined $236M — up 16% from $204M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new BBDC positions and 6 closed out — a net gain of 15 holders — while 47 added to existing stakes and 38 trimmed.
The largest buyer was Opus Capital Group, opening a new position worth an estimated $10.2M. The largest seller was UBS O'Connor, exiting entirely with an estimated $6.36M sold.
- 130 institutional investors held Barings BDC (BBDC) as of Q3 2013, up from 117 in Q2 2013.
- Funds reported $236M of Barings BDC stock for Q3 2013, up 16% quarter-over-quarter.
- 21 funds opened new Barings BDC positions in Q3 2013 and 6 closed out, a net change of +15 holders.
- The largest Barings BDC buyer in Q3 2013 was Opus Capital Group, an estimated $10.2M added.
- The largest Barings BDC seller in Q3 2013 was UBS O'Connor, an estimated $6.36M sold.
Based on aggregated 13F filings for Q3 2013.