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Barings BDC
BBDC

92 hedge funds and large institutions have $320M invested in Barings BDC in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

70% more call options, than puts

Call options by funds: $406K | Put options by funds: $239K

60% more capital invested

Capital invested by funds: $201M → $320M (+$120M)

57% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 21

29.71% more ownership

Funds ownership: 40.55% → 70.26% (+30%)

1% more funds holding

Funds holding: 91 → 92 (+1)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

Holders
92
Holders Change
+1
Holders Change %
+1.1%
% of All Funds
2%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
15
Increased
33
Reduced
21
Closed
14
Calls
$406K
Puts
$239K
Net Calls
+$167K
Net Calls Change
-$178K

Top Buyers

1
B
Barings
North Carolina
+$136M
2
WAM
Weiss Asset Management
Massachusetts
+$6.4M
3
VEA
Virtus ETF Advisers
New York
+$6.33M
4
CCP
Clough Capital Partners
Massachusetts
+$5.98M
5
RCM
Rivernorth Capital Management
Florida
+$3.84M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$22.1M
2
HAM
Hammer Asset Management
California
-$1.88M
3
CIM
Confluence Investment Management
Missouri
-$1.13M
4
SC
Southside Capital
Florida
-$883K
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$824K
Name Holding Trade Value Shares
Change 		Change in
Stake
B
1
Barings
North Carolina
$134M +$136M +13,639,681 New
Brown Advisory
2
Brown Advisory
Maryland
$25.5M +$3.55M +355,900 +16%
UBS Group
3
UBS Group
Switzerland
$20.2M +$1.52M +152,229 +8%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$20M -$22.1M -2,217,290 -52%
PAIM
5
Punch & Associates Investment Management
Minnesota
$18.3M +$1.17M +117,116 +7%
CCP
6
Clough Capital Partners
Massachusetts
$10.6M +$5.98M +599,900 +127%
RVPG
7
Relative Value Partners Group
$10.1M +$565K +56,652 +6%
CIM
8
Confluence Investment Management
Missouri
$8.94M -$1.13M -113,568 -11%
WAM
9
Weiss Asset Management
Massachusetts
$6.32M +$6.4M +642,044 New
VEA
10
Virtus ETF Advisers
New York
$6.25M +$6.33M +635,549 New
WFI
11
West Family Investments
California
$3.92M +$294K +29,500 +8%
MC
12
Muzinich & Co
New York
$3.86M – – –
Arrowstreet Capital
13
Arrowstreet Capital
Massachusetts
$3.44M +$230K +23,120 +7%
ClearBridge Investments
14
ClearBridge Investments
New York
$3.33M +$797K +80,000 +31%
DCM
15
Dimension Capital Management
Florida
$3.23M +$3.28M +328,686 New
Millennium Management
16
Millennium Management
New York
$2.94M +$1.38M +138,315 +86%
VanEck Associates
17
VanEck Associates
New York
$2.56M -$362K -36,317 -12%
Legal & General Group
18
Legal & General Group
United Kingdom
$2.54M – – –
Wells Fargo
19
Wells Fargo
California
$2.52M +$244K +24,459 +11%
MCM
20
McKinley Capital Management
Alaska
$2.49M +$97.8K +9,810 +4%
State of New Jersey Common Pension Fund D
21
State of New Jersey Common Pension Fund D
New Jersey
$2.44M – – –
BlackRock
22
BlackRock
New York
$2.27M -$130K -13,043 -5%
C
23
Cliffwater
California
$2.24M +$2.27M +227,956 New
Citadel Advisors
24
Citadel Advisors
Florida
$2.1M +$18.3K +1,841 +0.9%
GC
25
Guggenheim Capital
Illinois
$1.47M -$257K -25,765 -15%
1
2 3 4 5

BBDC Hedge Fund Activity: Q2 2019 in Review

92 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q2 2019, worth a combined $320M — up 60% from $201M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BBDC positions and 14 closed out — a net gain of 1 holder — while 33 added to existing stakes and 21 trimmed.

The largest buyer was Barings, opening a new position worth an estimated $136M. The largest seller was T. Rowe Price Associates, cutting an estimated $22.1M.

  • 92 institutional investors held Barings BDC (BBDC) as of Q2 2019, up from 91 in Q1 2019.
  • Funds reported $320M of Barings BDC stock for Q2 2019, up 60% quarter-over-quarter.
  • 15 funds opened new Barings BDC positions in Q2 2019 and 14 closed out, a net change of +1 holder.
  • The largest Barings BDC buyer in Q2 2019 was Barings, an estimated $136M added.
  • The largest Barings BDC seller in Q2 2019 was T. Rowe Price Associates, an estimated $22.1M sold.

Based on aggregated 13F filings for Q2 2019.