Barings BDC
BBDC
91 hedge funds and large institutions have $181M invested in Barings BDC in 2015 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 26 reducing their positions, and 30 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 26
14% more capital invested
Capital invested by funds: $159M → $181M (+$22.1M)
0.11% more ownership
Funds ownership: 23.79% → 23.91% (+0.11%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less funds holding
Funds holding: 108 → 91 (-17)
43% less call options, than puts
Call options by funds: $371K | Put options by funds: $646K
53% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Edge Asset Management
Seattle,
Washington
|
+$5.96M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.78M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$3.48M |
| 4 |
Morgan Stanley
New York
|
+$2.99M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$2.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$4.32M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.27M |
| 3 |
Two Sigma Investments
New York
|
-$4.17M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$3.72M |
| 5 |
Millennium Management
New York
|
-$1.65M |
BBDC Hedge Fund Activity: Q1 2015 in Review
91 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2015, worth a combined $181M — up 14% from $159M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of BBDC and 14 opened new positions — a net loss of 16 holders — while 26 trimmed existing stakes and 34 added.
The largest buyer was Edge Asset Management, adding an estimated $5.96M. The largest seller was Principal Financial Group, exiting entirely with an estimated $4.32M sold.
- 91 institutional investors held Barings BDC (BBDC) as of Q1 2015, down from 108 in Q4 2014.
- Funds reported $181M of Barings BDC stock for Q1 2015, up 14% quarter-over-quarter.
- 14 funds opened new Barings BDC positions in Q1 2015 and 30 closed out, a net change of -16 holders.
- The largest Barings BDC buyer in Q1 2015 was Edge Asset Management, an estimated $5.96M added.
- The largest Barings BDC seller in Q1 2015 was Principal Financial Group, an estimated $4.32M sold.
Based on aggregated 13F filings for Q1 2015.