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Barings BDC
BBDC

117 hedge funds and large institutions have $279M invested in Barings BDC in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 47 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

127% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 11

88% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 25

37% more call options, than puts

Call options by funds: $3.74M | Put options by funds: $2.73M

25% more capital invested

Capital invested by funds: $223M → $279M (+$56.2M)

11% more funds holding

Funds holding: 105 → 117 (+12)

0.57% more ownership

Funds ownership: 30.11% → 30.68% (+0.57%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
117
Holders Change
+12
Holders Change %
+11.43%
% of All Funds
2.91%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
25
Increased
47
Reduced
25
Closed
11
Calls
$3.74M
Puts
$2.73M
Net Calls
+$1.02M
Net Calls Change
+$755K

Top Buyers

1
MC
Muzinich & Co
New York
+$16.8M
2
BlackRock
BlackRock
New York
+$6.39M
3
YMRC
Yorktown Management & Research Company
Virginia
+$5.37M
4
UBS Group
UBS Group
Switzerland
+$5.15M
5
Wells Fargo
Wells Fargo
California
+$4.25M

Top Sellers

1
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$3.83M
2
SC
Scholtz & Company
Connecticut
-$2.16M
3
AM
Ares Management
California
-$2.11M
4
MVP
Miller Value Partners
Florida
-$1.15M
5
Neuberger Berman Group
Neuberger Berman Group
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
1
Muzinich & Co
New York
$34.1M +$16.8M +873,912 +96%
Wells Fargo
2
Wells Fargo
California
$26.3M +$4.25M +221,823 +19%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$19.7M +$1.96M +102,300 +11%
UBS Group
4
UBS Group
Switzerland
$15.9M +$5.15M +268,535 +48%
MGAM
5
McGowan Group Asset Management
Texas
$10.3M +$106K +5,533 +1%
CLM
6
ClearBridge LLC (Maryland)
Maryland
$9.92M +$263K +13,735 +3%
CIM
7
Confluence Investment Management
Missouri
$9.81M +$712K +37,140 +8%
GC
8
Guggenheim Capital
Illinois
$9.52M +$1.35M +70,630 +17%
State of New Jersey Common Pension Fund D
9
State of New Jersey Common Pension Fund D
New Jersey
$7.64M -$3.83M -200,000 -33%
VanEck Associates
10
VanEck Associates
New York
$6.96M +$2.4M +125,090 +52%
BlackRock
11
BlackRock
New York
$6.37M +$6.39M +333,560 New
Morgan Stanley
12
Morgan Stanley
New York
$6.36M +$205K +10,678 +3%
AM
13
Ares Management
California
$6.14M -$2.11M -110,000 -25%
Two Sigma Investments
14
Two Sigma Investments
New York
$5.91M +$2.33M +121,725 +65%
AR
15
Advisory Research
Illinois
$5.47M +$980K +51,127 +22%
YMRC
16
Yorktown Management & Research Company
Virginia
$5.34M +$5.37M +280,000 New
LCP
17
LGT Capital Partners
Switzerland
$5.25M – – –
SMDAM
18
Sumitomo Mitsui DS Asset Management
Japan
$5.22M +$1.01M +52,561 +24%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$4.93M +$1.11M +57,666 +29%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$4.01M – – –
Stifel Financial
21
Stifel Financial
Missouri
$3.65M +$371K +19,340 +11%
RJA
22
Raymond James & Associates
Florida
$3.31M -$340K -17,716 -9%
GIM
23
Greenwich Investment Management
Connecticut
$3.24M +$92.9K +4,845 +3%
Bank of America
24
Bank of America
North Carolina
$3.24M +$2.76M +144,106 +568%
AIA
25
Armor Investment Advisors
North Carolina
$2.82M +$183K +9,555 +7%
1
2 3 4 5

BBDC Hedge Fund Activity: Q1 2017 in Review

117 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2017, worth a combined $279M — up 25% from $223M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new BBDC positions and 11 closed out — a net gain of 14 holders — while 47 added to existing stakes and 25 trimmed.

The largest buyer was Muzinich & Co, adding an estimated $16.8M. The largest seller was State of New Jersey Common Pension Fund D, cutting an estimated $3.83M.

  • 117 institutional investors held Barings BDC (BBDC) as of Q1 2017, up from 105 in Q4 2016.
  • Funds reported $279M of Barings BDC stock for Q1 2017, up 25% quarter-over-quarter.
  • 25 funds opened new Barings BDC positions in Q1 2017 and 11 closed out, a net change of +14 holders.
  • The largest Barings BDC buyer in Q1 2017 was Muzinich & Co, an estimated $16.8M added.
  • The largest Barings BDC seller in Q1 2017 was State of New Jersey Common Pension Fund D, an estimated $3.83M sold.

Based on aggregated 13F filings for Q1 2017.