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Barings BDC
BBDC

119 hedge funds and large institutions have $973M invested in Barings BDC in 2017 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 50 increasing their positions, 27 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

249% more capital invested

Capital invested by funds: $279M → $973M (+$694M)

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

85% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 27

21% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 14

2% more funds holding

Funds holding: 117 → 119 (+2)

0.93% more ownership

Funds ownership: 30.68% → 31.61% (+0.93%)

18% less call options, than puts

Call options by funds: $1.43M | Put options by funds: $1.75M

Holders
119
Holders Change
+2
Holders Change %
+1.71%
% of All Funds
2.97%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
17
Increased
50
Reduced
27
Closed
14
Calls
$1.43M
Puts
$1.75M
Net Calls
-$322K
Net Calls Change
-$1.34M

Top Buyers

1
CLM
ClearBridge LLC (Maryland)
Maryland
+$4.01M
2
NCM
Novare Capital Management
North Carolina
+$3.67M
3
MC
Muzinich & Co
New York
+$2.86M
4
FPFS
First Personal Financial Services
North Carolina
+$1.97M
5
AM
Ares Management
California
+$1.53M

Top Sellers

1
Two Sigma Investments
Two Sigma Investments
New York
-$5.91M
2
Two Sigma Advisers
Two Sigma Advisers
New York
-$2.96M
3
SC
Scholtz & Company
Connecticut
-$2M
4
IP
Ironsides Partners
Massachusetts
-$1.91M
5
RCM
Rivernorth Capital Management
Florida
-$1.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
AM
1
Ares Management
California
$714M +$1.53M +83,876 +26%
MC
2
Muzinich & Co
New York
$34.3M +$2.86M +157,458 +9%
Wells Fargo
3
Wells Fargo
California
$25.2M +$962K +52,878 +4%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$18.4M +$193K +10,619 +1%
UBS Group
5
UBS Group
Switzerland
$15.7M +$1.05M +57,950 +7%
CLM
6
ClearBridge LLC (Maryland)
Maryland
$13M +$4.01M +220,299 +42%
GC
7
Guggenheim Capital
Illinois
$9.77M +$1.02M +55,905 +11%
MGAM
8
McGowan Group Asset Management
Texas
$9.52M -$26.5K -1,455 -0.3%
CIM
9
Confluence Investment Management
Missouri
$8.96M -$99.6K -5,476 -1%
VanEck Associates
10
VanEck Associates
New York
$7.29M +$898K +49,381 +14%
State of New Jersey Common Pension Fund D
11
State of New Jersey Common Pension Fund D
New Jersey
$7.05M – – –
AR
12
Advisory Research
Illinois
$5.69M +$659K +36,248 +13%
SMDAM
13
Sumitomo Mitsui DS Asset Management
Japan
$5.46M +$657K +36,111 +13%
LCP
14
LGT Capital Partners
Switzerland
$5.08M +$236K +13,000 +5%
BlackRock
15
BlackRock
New York
$4.84M -$1.07M -59,021 -18%
Morgan Stanley
16
Morgan Stanley
New York
$4.74M -$1.17M -64,222 -19%
Stifel Financial
17
Stifel Financial
Missouri
$3.81M +$456K +25,055 +13%
YMRC
18
Yorktown Management & Research Company
Virginia
$3.7M -$1.27M -70,000 -25%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$3.7M – – –
NCM
20
Novare Capital Management
North Carolina
$3.55M +$3.67M +201,685 New
Bank of America
21
Bank of America
North Carolina
$3.54M +$567K +31,164 +18%
RJA
22
Raymond James & Associates
Florida
$3.12M +$68K +3,738 +2%
TG
23
TCW Group
California
$2.81M +$372K +20,447 +15%
BTS
24
BB&T Securities
Virginia
$2.77M +$1.22M +67,097 +74%
AIA
25
Armor Investment Advisors
North Carolina
$2.69M +$87.3K +4,800 +3%
1
2 3 4 5

BBDC Hedge Fund Activity: Q2 2017 in Review

119 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q2 2017, worth a combined $973M — up 249% from $279M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBDC positions and 14 closed out — a net gain of 3 holders — while 50 added to existing stakes and 27 trimmed.

The largest buyer was ClearBridge LLC (Maryland), adding an estimated $4.01M. The largest seller was Two Sigma Investments, exiting entirely with an estimated $5.91M sold.

  • 119 institutional investors held Barings BDC (BBDC) as of Q2 2017, up from 117 in Q1 2017.
  • Funds reported $973M of Barings BDC stock for Q2 2017, up 249% quarter-over-quarter.
  • 17 funds opened new Barings BDC positions in Q2 2017 and 14 closed out, a net change of +3 holders.
  • The largest Barings BDC buyer in Q2 2017 was ClearBridge LLC (Maryland), an estimated $4.01M added.
  • The largest Barings BDC seller in Q2 2017 was Two Sigma Investments, an estimated $5.91M sold.

Based on aggregated 13F filings for Q2 2017.