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Carlyle Secured Lending
CGBD

119 hedge funds and large institutions have $298M invested in Carlyle Secured Lending in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 36 increasing their positions, 32 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

431% more call options, than puts

Call options by funds: $1.66M | Put options by funds: $312K

54% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 13

25% more capital invested

Capital invested by funds: $238M → $298M (+$60.4M)

13% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 32

10.04% more ownership

Funds ownership: 26.17% → 36.2% (+10%)

3% more funds holding

Funds holding: 115 → 119 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
119
Holders Change
+4
Holders Change %
+3.48%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
20
Increased
36
Reduced
32
Closed
13
Calls
$1.66M
Puts
$312K
Net Calls
+$1.34M
Net Calls Change
+$450K

Top Buyers

1
Creative Planning
Creative Planning
Kansas
+$85.8M
2
Citadel Advisors
Citadel Advisors
Florida
+$3.1M
3
EFG
Ethos Financial Group
Pennsylvania
+$3.04M
4
Morgan Stanley
Morgan Stanley
New York
+$1.27M
5
Two Sigma Advisers
Two Sigma Advisers
New York
+$1.2M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$2.31M
2
HG
Herbst Group
Connecticut
-$2.28M
3
VanEck Associates
VanEck Associates
New York
-$1.65M
4
GA
GFS Advisors
Texas
-$891K
5
VEA
Virtus ETF Advisers
New York
-$856K
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
101
Darwin Wealth Management
Florida
$21.5K – – –
SIS
102
Sound Income Strategies
Florida
$19.3K – – –
TCOV
103
Trust Company of Vermont
Vermont
$17.5K – – –
AAP
104
Arax Advisory Partners
Colorado
$11.6K +$12.6K +716 New
AssetMark Inc
105
AssetMark Inc
California
$8.12K +$8.87K +502 New
DF
106
Dunhill Financial
United Kingdom
$8.06K +$8.79K +498 New
AW
107
Avion Wealth
Texas
$8K – – –
TC
108
Truvestments Capital
Florida
$7.88K -$14.2K -804 -62%
W
109
WealthCollab
Washington
$7.8K – – –
TRCT
110
Tower Research Capital (TRC)
New York
$6.28K -$69.6K -3,944 -91%
NS
111
NBC Securities
Alabama
$6K +$7.06K +400 New
Simplex Trading
112
Simplex Trading
Illinois
$6K +$7.43K +421 New
CCC
113
Chelsea Counsel Company
California
$5.66K – – –
National Bank of Canada
114
National Bank of Canada
Quebec, Canada
$5.41K -$12.3K -698 -68%
NA
115
NewEdge Advisors
Louisiana
$2.6K -$16.3K -925 -85%
TFA
116
Toth Financial Advisory
Virginia
$1.46K – – –
YP
117
YANKCOM Partnership
South Dakota
$1.04K – – –
CIAM
118
Caitong International Asset Management
Hong Kong
$680 +$742 +42 New
HG
119
Herbst Group
Connecticut
– -$2.28M -127,180 Closed
GA
120
GFS Advisors
Texas
– -$891K -49,700 Closed
VEA
121
Virtus ETF Advisers
New York
– -$856K -47,761 Closed
GC
122
Grimes & Company
Massachusetts
– -$540K -30,104 Closed
KA
123
Kovack Advisors
Florida
– -$446K -24,875 Closed
ACA
124
Aptus Capital Advisors
Alabama
– -$391K -21,291 Closed
Northern Trust
125
Northern Trust
Illinois
– -$354K -19,718 Closed
2 3 4
5
6

CGBD Hedge Fund Activity: Q1 2025 in Review

119 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q1 2025, worth a combined $298M — up 25% from $238M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new CGBD positions and 13 closed out — a net gain of 7 holders — while 36 added to existing stakes and 32 trimmed.

The largest buyer was Creative Planning, adding an estimated $85.8M. The largest seller was Bank of America, cutting an estimated $2.31M.

  • 119 institutional investors held Carlyle Secured Lending (CGBD) as of Q1 2025, up from 115 in Q4 2024.
  • Funds reported $298M of Carlyle Secured Lending stock for Q1 2025, up 25% quarter-over-quarter.
  • 20 funds opened new Carlyle Secured Lending positions in Q1 2025 and 13 closed out, a net change of +7 holders.
  • The largest Carlyle Secured Lending buyer in Q1 2025 was Creative Planning, an estimated $85.8M added.
  • The largest Carlyle Secured Lending seller in Q1 2025 was Bank of America, an estimated $2.31M sold.

Based on aggregated 13F filings for Q1 2025.