Barings BDC
BBDC
208 hedge funds and large institutions have $435M invested in Barings BDC in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 75 increasing their positions, 52 reducing their positions, and 26 closing their positions.
1,400% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $68K
44% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 52
7% more capital invested
Capital invested by funds: $405M → $435M (+$29.9M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% less funds holding
Funds holding: 209 → 208 (-1)
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
2.21% less ownership
Funds ownership: 47.87% → 45.65% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$4.65M |
| 2 |
Two Sigma Investments
New York
|
+$3.42M |
| 3 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
+$2.41M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.32M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$26.1M |
| 2 |
C
Cliffwater
Marina Del Rey,
California
|
-$6.98M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$5.13M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.86M |
| 5 |
PFMU
Privium Fund Management (UK)
London,
United Kingdom
|
-$1.38M |
BBDC Hedge Fund Activity: Q3 2023 in Review
208 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q3 2023, worth a combined $435M — up 7.4% from $405M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of BBDC and 25 opened new positions — a net loss of 1 holder — while 52 trimmed existing stakes and 75 added.
The largest buyer was Two Sigma Advisers, adding an estimated $4.65M. The largest seller was Rivernorth Capital Management, cutting an estimated $26.1M.
- 208 institutional investors held Barings BDC (BBDC) as of Q3 2023, down from 209 in Q2 2023.
- Funds reported $435M of Barings BDC stock for Q3 2023, up 7.4% quarter-over-quarter.
- 25 funds opened new Barings BDC positions in Q3 2023 and 26 closed out, a net change of -1 holder.
- The largest Barings BDC buyer in Q3 2023 was Two Sigma Advisers, an estimated $4.65M added.
- The largest Barings BDC seller in Q3 2023 was Rivernorth Capital Management, an estimated $26.1M sold.
Based on aggregated 13F filings for Q3 2023.