Barings BDC
BBDC
137 hedge funds and large institutions have $257M invested in Barings BDC in 2013 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 35 reducing their positions, and 16 closing their positions.
56% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 16
54% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 35
10% more call options, than puts
Call options by funds: $691K | Put options by funds: $626K
9% more capital invested
Capital invested by funds: $236M → $257M (+$20.5M)
5% more funds holding
Funds holding: 130 → 137 (+7)
4.23% more ownership
Funds ownership: 27.83% → 32.06% (+4.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
+$12.2M |
| 2 |
Two Sigma Investments
New York
|
+$2.14M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$1.66M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$976K |
| 5 |
Morgan Stanley
New York
|
+$894K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$2.02M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.21M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$893K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$854K |
| 5 |
Jane Street
New York
|
-$816K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFA
151
Reilly Financial Advisors
La Mesa,
California
| – | -$15K | -500 | Closed |
|
152
Envestnet Asset Management
Chicago,
Illinois
| – | -$7K | -222 | Closed |
|
153
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -132 | Closed |
|
BBDC Hedge Fund Activity: Q4 2013 in Review
137 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q4 2013, worth a combined $257M — up 8.7% from $236M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new BBDC positions and 16 closed out — a net gain of 9 holders — while 54 added to existing stakes and 35 trimmed.
The largest buyer was Opus Capital Group, adding an estimated $12.2M. The largest seller was Russell Frank Company, cutting an estimated $2.02M.
- 137 institutional investors held Barings BDC (BBDC) as of Q4 2013, up from 130 in Q3 2013.
- Funds reported $257M of Barings BDC stock for Q4 2013, up 8.7% quarter-over-quarter.
- 25 funds opened new Barings BDC positions in Q4 2013 and 16 closed out, a net change of +9 holders.
- The largest Barings BDC buyer in Q4 2013 was Opus Capital Group, an estimated $12.2M added.
- The largest Barings BDC seller in Q4 2013 was Russell Frank Company, an estimated $2.02M sold.
Based on aggregated 13F filings for Q4 2013.