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Barings BDC

83 hedge funds and large institutions have $337M invested in Barings BDC in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,144% more call options, than puts

Call options by funds: $112K | Put options by funds: $9K

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

16% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 25

5% more capital invested

Capital invested by funds: $320M → $337M (+$17M)

1.19% more ownership

Funds ownership: 70.26%71.45% (+1.2%)

10% less funds holding

Funds holding: 9283 (-9)

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
83
Holders Change
-9
Holders Change %
-9.78%
% of All Funds
1.82%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
6
Increased
29
Reduced
25
Closed
15
Calls
$112K
Puts
$9K
Net Calls
+$103K
Net Calls Change
-$64K
Name Holding Trade Value Shares
Change
Change in
Stake
B
1
Barings
North Carolina
$138M
UBS Group
2
UBS Group
Switzerland
$23.8M +$2.87M +289,355 +14%
Brown Advisory
3
Brown Advisory
Maryland
$23.1M -$3.13M -315,346 -12%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$20.5M -$185K -18,590 -0.9%
PAIM
5
Punch & Associates Investment Management
Minnesota
$19.6M +$727K +73,215 +4%
RVPG
6
Relative Value Partners Group
$13.6M +$3.13M +314,964 +31%
CCP
7
Clough Capital Partners
Massachusetts
$10.5M -$346K -34,800 -3%
CIM
8
Confluence Investment Management
Missouri
$9.33M +$111K +11,203 +1%
DCM
9
Dimension Capital Management
Florida
$7.29M +$3.86M +388,996 +118%
VEA
10
Virtus ETF Advisers
New York
$6.94M +$478K +48,129 +8%
WAM
11
Weiss Asset Management
Massachusetts
$6.52M
Millennium Management
12
Millennium Management
New York
$4.56M +$1.49M +150,382 +50%
WFI
13
West Family Investments
California
$4.47M +$420K +42,300 +11%
MC
14
Muzinich & Co
New York
$3.88M -$98.6K -9,935 -3%
Wells Fargo
15
Wells Fargo
California
$3.58M +$965K +97,178 +38%
ClearBridge Investments
16
ClearBridge Investments
New York
$3.43M
BlackRock
17
BlackRock
New York
$2.7M +$342K +34,423 +15%
Legal & General Group
18
Legal & General Group
United Kingdom
$2.69M +$69.2K +6,965 +3%
VanEck Associates
19
VanEck Associates
New York
$2.65M +$8.62K +868 +0.3%
State of New Jersey Common Pension Fund D
20
State of New Jersey Common Pension Fund D
New Jersey
$2.52M
C
21
Cliffwater
California
$2.46M +$147K +14,811 +6%
Citadel Advisors
22
Citadel Advisors
Florida
$2.27M +$109K +10,993 +5%
MCM
23
McKinley Capital Management
Alaska
$2.27M -$290K -29,173 -12%
JP Morgan Chase
24
JP Morgan Chase
New York
$2.15M +$697K +70,201 +50%
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$1.88M +$475K +47,875 +35%

BBDC Hedge Fund Activity: Q3 2019 in Review

83 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q3 2019, worth a combined $337M — up 5.3% from $320M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of BBDC and 6 opened new positions — a net loss of 9 holders — while 25 trimmed existing stakes and 29 added.

The largest buyer was Dimension Capital Management, adding an estimated $3.86M. The largest seller was Arrowstreet Capital, cutting an estimated $3.34M.

  • 83 institutional investors held Barings BDC (BBDC) as of Q3 2019, down from 92 in Q2 2019.
  • Funds reported $337M of Barings BDC stock for Q3 2019, up 5.3% quarter-over-quarter.
  • 6 funds opened new Barings BDC positions in Q3 2019 and 15 closed out, a net change of -9 holders.
  • The largest Barings BDC buyer in Q3 2019 was Dimension Capital Management, an estimated $3.86M added.
  • The largest Barings BDC seller in Q3 2019 was Arrowstreet Capital, an estimated $3.34M sold.

Based on aggregated 13F filings for Q3 2019.