Barings BDC
BBDC
210 hedge funds and large institutions have $405M invested in Barings BDC in 2023 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 58 increasing their positions, 71 reducing their positions, and 29 closing their positions.
4% less capital invested
Capital invested by funds: $422M → $405M (-$17.1M)
1.49% less ownership
Funds ownership: 49.37% → 47.88% (-1.5%)
3% less funds holding
Funds holding: 217 → 210 (-7)
17% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 29
18% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 71
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
89% less call options, than puts
Call options by funds: $20K | Put options by funds: $176K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
+$4.56M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$3.87M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$1.73M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.66M |
| 5 |
Two Sigma Investments
New York
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.57M |
| 2 |
Millennium Management
New York
|
-$4.32M |
| 3 |
ClearBridge Investments
New York
|
-$3.04M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.67M |
| 5 |
C
Cliffwater
Marina Del Rey,
California
|
-$2.65M |
BBDC Hedge Fund Activity: Q2 2023 in Review
210 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q2 2023, worth a combined $405M — down 4% from $422M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BBDC and 24 opened new positions — a net loss of 5 holders — while 71 trimmed existing stakes and 58 added.
The largest buyer was Private Management Group, adding an estimated $4.56M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.57M.
- 210 institutional investors held Barings BDC (BBDC) as of Q2 2023, down from 217 in Q1 2023.
- Funds reported $405M of Barings BDC stock for Q2 2023, down 4% quarter-over-quarter.
- 24 funds opened new Barings BDC positions in Q2 2023 and 29 closed out, a net change of -5 holders.
- The largest Barings BDC buyer in Q2 2023 was Private Management Group, an estimated $4.56M added.
- The largest Barings BDC seller in Q2 2023 was Rivernorth Capital Management, an estimated $7.57M sold.
Based on aggregated 13F filings for Q2 2023.