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Carlyle Secured Lending
CGBD

149 hedge funds and large institutions have $348M invested in Carlyle Secured Lending in 2025 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 47 increasing their positions, 28 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

262% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 13

169% more call options, than puts

Call options by funds: $1.2M | Put options by funds: $445K

68% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 28

25% more funds holding

Funds holding: 119 → 149 (+30)

17% more capital invested

Capital invested by funds: $298M → $348M (+$49.4M)

1.41% less ownership

Funds ownership: 36.2% → 34.8% (-1.4%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
149
Holders Change
+30
Holders Change %
+25.21%
% of All Funds
1.96%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
47
Increased
47
Reduced
28
Closed
13
Calls
$1.2M
Puts
$445K
Net Calls
+$751K
Net Calls Change
-$594K

Top Buyers

Rank Fund Capital Flow
1
PCIA
Prime Capital Investment Advisors
Kansas
+$31.3M
2
CL
Choreo LLC
Illinois
+$20.7M
3
VanEck Associates
VanEck Associates
New York
+$8.28M
4
C
Cliffwater
California
+$7.8M
5
Mariner
Mariner
Kansas
+$7.73M

Top Sellers

Rank Fund Capital Flow
1
LSV Asset Management
LSV Asset Management
Illinois
-$5.62M
2
Bank of America
Bank of America
North Carolina
-$3.79M
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$2.59M
4
Citadel Advisors
Citadel Advisors
Florida
-$1.91M
5
Two Sigma Investments
Two Sigma Investments
New York
-$1.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$2.61M +$65.7K +4,617 +2%
YIH
27
Y-Intercept (HK)
Hong Kong
$2.47M +$2.57M +180,466 New
Raymond James Financial
28
Raymond James Financial
Florida
$2.43M -$95.1K -6,687 -4%
CCM
29
Condor Capital Management
New Jersey
$2.4M -$1.42M -99,903 -36%
EFG
30
Ethos Financial Group
Pennsylvania
$2.38M +$32.7K +2,301 +1%
Corient Private Wealth
31
Corient Private Wealth
Florida
$2.29M +$2.38M +167,300 New
Qube Research & Technologies (QRT)
32
Qube Research & Technologies (QRT)
United Kingdom
$2.09M +$1.71M +120,558 +376%
STA
33
Summit Trail Advisors
New York
$2.06M +$2.08M +146,027 New
DA
34
Denali Advisors
California
$1.81M -$51.2K -3,603 -3%
DA
35
Doliver Advisors
Texas
$1.68M +$1.74M +122,581 New
HWAM
36
Hennion & Walsh Asset Management
New Jersey
$1.59M -$4.17K -293 -0.3%
Universal-Beteiligungs- und Servicegesellschaft
37
Universal-Beteiligungs- und Servicegesellschaft
Germany
$1.4M -$396K -27,850 -21%
NFC
38
Northeast Financial Consultants
Connecticut
$1.4M +$845K +59,449 +139%
NW
39
Naviter Wealth
Arkansas
$1.28M +$1.29M +90,991 New
LPL Financial
40
LPL Financial
California
$1.24M +$113K +7,951 +10%
Comerica Bank
41
Comerica Bank
Texas
$1.21M – – –
GRP
42
Global Retirement Partners
California
$1.11M +$1.16M +81,453 New
Pathstone Holdings
43
Pathstone Holdings
New Jersey
$1.04M +$23.2K +1,628 +2%
PCC
44
Park Circle Company
Maryland
$974K – – –
HighTower Advisors
45
HighTower Advisors
Illinois
$971K +$7.69K +541 +0.8%
Rockefeller Capital Management
46
Rockefeller Capital Management
New York
$940K +$295K +20,710 +43%
Envestnet Asset Management
47
Envestnet Asset Management
Illinois
$921K +$79.6K +5,599 +9%
Cetera Investment Advisers
48
Cetera Investment Advisers
Illinois
$918K +$127K +8,929 +15%
Truist Financial
49
Truist Financial
North Carolina
$889K – – –
VIA
50
Virtus Investment Advisers
Connecticut
$865K +$160K +11,227 +22%
1
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CGBD Hedge Fund Activity: Q2 2025 in Review

149 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q2 2025, worth a combined $348M — up 17% from $298M a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new CGBD positions and 13 closed out — a net gain of 34 holders — while 47 added to existing stakes and 28 trimmed.

The largest buyer was Prime Capital Investment Advisors, opening a new position worth an estimated $31.3M. The largest seller was LSV Asset Management, cutting an estimated $5.62M.

  • 149 institutional investors held Carlyle Secured Lending (CGBD) as of Q2 2025, up from 119 in Q1 2025.
  • Funds reported $348M of Carlyle Secured Lending stock for Q2 2025, up 17% quarter-over-quarter.
  • 47 funds opened new Carlyle Secured Lending positions in Q2 2025 and 13 closed out, a net change of +34 holders.
  • The largest Carlyle Secured Lending buyer in Q2 2025 was Prime Capital Investment Advisors, an estimated $31.3M added.
  • The largest Carlyle Secured Lending seller in Q2 2025 was LSV Asset Management, an estimated $5.62M sold.

Based on aggregated 13F filings for Q2 2025.