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Barings BDC

78 hedge funds and large institutions have $271M invested in Barings BDC in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

6,150% more call options, than puts

Call options by funds: $125K | Put options by funds: $2K

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

0.39% less ownership

Funds ownership: 74.51%74.12% (-0.39%)

5% less funds holding

Funds holding: 8278 (-4)

11% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 18

28% less capital invested

Capital invested by funds: $377M → $271M (-$106M)

Holders
78
Holders Change
-4
Holders Change %
-4.88%
% of All Funds
1.72%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.11%
New
16
Increased
27
Reduced
24
Closed
18
Calls
$125K
Puts
$2K
Net Calls
+$123K
Net Calls Change
+$128K
Name Holding Trade Value Shares
Change
Change in
Stake
B
1
Barings
North Carolina
$102M
RCM
2
Rivernorth Capital Management
Florida
$29.5M +$10.7M +1,131,152 +40%
Brown Advisory
3
Brown Advisory
Maryland
$17M -$264K -27,826 -1%
UBS Group
4
UBS Group
Switzerland
$16.2M -$3.74M -394,079 -15%
PAIM
5
Punch & Associates Investment Management
Minnesota
$14.4M -$364K -38,398 -2%
DCM
6
Dimension Capital Management
Florida
$12.4M +$2.98M +314,347 +23%
RVPG
7
Relative Value Partners Group
$10.8M +$459K +48,451 +3%
CCP
8
Clough Capital Partners
Massachusetts
$7.29M -$512K -54,020 -5%
CIM
9
Confluence Investment Management
Missouri
$4.59M -$2.79M -294,175 -32%
WFI
10
West Family Investments
California
$4.58M +$1.63M +171,692 +39%
Millennium Management
11
Millennium Management
New York
$3.93M +$1.82M +192,268 +58%
VEA
12
Virtus ETF Advisers
New York
$3.58M -$1.63M -171,680 -26%
ClearBridge Investments
13
ClearBridge Investments
New York
$3.54M +$1.28M +134,850 +40%
AM
14
Ares Management
California
$3.47M +$3.53M +372,464 +408%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$3.43M -$13M -1,373,519 -75%
VanEck Associates
16
VanEck Associates
New York
$3.01M +$127K +13,354 +3%
Wells Fargo
17
Wells Fargo
California
$2.83M -$198K -20,832 -5%
C
18
Cliffwater
California
$2.18M +$81.6K +8,610 +3%
GC
19
Guggenheim Capital
Illinois
$2.11M +$777K +81,936 +41%
Legal & General Group
20
Legal & General Group
United Kingdom
$2.11M +$120K +12,667 +5%
BlackRock
21
BlackRock
New York
$2M -$138K -14,590 -5%
MC
22
Muzinich & Co
New York
$1.94M -$181K -19,048 -7%
Sumitomo Mitsui Trust Group
23
Sumitomo Mitsui Trust Group
Japan
$1.94M +$2.46M +259,466 New
MCM
24
McKinley Capital Management
Alaska
$1.67M -$8.14K -859 -0.4%
RCM
25
Radcliffe Capital Management
Pennsylvania
$1.49M +$1.88M +198,733 New

BBDC Hedge Fund Activity: Q1 2020 in Review

78 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q1 2020, worth a combined $271M — down 28% from $377M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BBDC and 16 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 27 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.7M. The largest seller was T. Rowe Price Associates, cutting an estimated $13M.

  • 78 institutional investors held Barings BDC (BBDC) as of Q1 2020, down from 82 in Q4 2019.
  • Funds reported $271M of Barings BDC stock for Q1 2020, down 28% quarter-over-quarter.
  • 16 funds opened new Barings BDC positions in Q1 2020 and 18 closed out, a net change of -2 holders.
  • The largest Barings BDC buyer in Q1 2020 was Rivernorth Capital Management, an estimated $10.7M added.
  • The largest Barings BDC seller in Q1 2020 was T. Rowe Price Associates, an estimated $13M sold.

Based on aggregated 13F filings for Q1 2020.