Barings BDC
BBDC
108 hedge funds and large institutions have $205M invested in Barings BDC in 2017 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 19 closing their positions.
53% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 19
10.16% more ownership
Funds ownership: 35.2% → 45.36% (+10%)
9% more funds holding
Funds holding: 99 → 108 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 36
14% less capital invested
Capital invested by funds: $240M → $205M (-$34.5M)
65% less call options, than puts
Call options by funds: $341K | Put options by funds: $985K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$18.8M |
| 2 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
+$15.2M |
| 3 |
KCP
KDI Capital Partners
Raleigh,
North Carolina
|
+$7.16M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.91M |
| 5 |
IP
Ironsides Partners
Boston,
Massachusetts
|
+$6.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$11.4M |
| 2 |
MC
Muzinich & Co
New York
|
-$5.48M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.05M |
| 4 |
NCM
Novare Capital Management
Charlotte,
North Carolina
|
-$2.83M |
| 5 |
Morgan Stanley
New York
|
-$2.39M |
BBDC Hedge Fund Activity: Q4 2017 in Review
108 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q4 2017, worth a combined $205M — down 14% from $240M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new BBDC positions and 19 closed out — a net gain of 10 holders — while 33 added to existing stakes and 36 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $18.8M. The largest seller was Wells Fargo, cutting an estimated $11.4M.
- 108 institutional investors held Barings BDC (BBDC) as of Q4 2017, up from 99 in Q3 2017.
- Funds reported $205M of Barings BDC stock for Q4 2017, down 14% quarter-over-quarter.
- 29 funds opened new Barings BDC positions in Q4 2017 and 19 closed out, a net change of +10 holders.
- The largest Barings BDC buyer in Q4 2017 was Citadel Advisors, an estimated $18.8M added.
- The largest Barings BDC seller in Q4 2017 was Wells Fargo, an estimated $11.4M sold.
Based on aggregated 13F filings for Q4 2017.