Carlyle Secured Lending
CGBD
151 hedge funds and large institutions have $331M invested in Carlyle Secured Lending in 2025 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 40 increasing their positions, 47 reducing their positions, and 27 closing their positions.
2,266% more call options, than puts
Call options by funds: $12.1M | Put options by funds: $510K
22% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 27
1% more funds holding
Funds holding: 149 → 151 (+2)
1.2% more ownership
Funds ownership: 35.11% → 36.31% (+1.2%)
3% more capital invested
Capital invested by funds: $321M → $331M (+$10.3M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
15% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 47
Top Buyers
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.71M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$6.22M |
| 3 |
CC
CF Capital
Cohasset,
Massachusetts
|
+$5.43M |
| 4 |
Jane Street
New York
|
+$3.19M |
| 5 |
MC
Muzinich & Co
New York
|
+$2.94M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Jones Financial Companies
Des Peres,
Missouri
| – | -$2.35K | -180 | Closed |
|
|
CIAM
177
Caitong International Asset Management
Hong Kong
| – | -$125 | -10 | Closed |
|
CGBD Hedge Fund Activity: Q4 2025 in Review
151 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q4 2025, worth a combined $331M — up 3.2% from $321M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new CGBD positions and 27 closed out — a net gain of 6 holders — while 40 added to existing stakes and 47 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.71M. The largest seller was Creative Planning, cutting an estimated $14.5M.
- 151 institutional investors held Carlyle Secured Lending (CGBD) as of Q4 2025, up from 149 in Q3 2025.
- Funds reported $331M of Carlyle Secured Lending stock for Q4 2025, up 3.2% quarter-over-quarter.
- 33 funds opened new Carlyle Secured Lending positions in Q4 2025 and 27 closed out, a net change of +6 holders.
- The largest Carlyle Secured Lending buyer in Q4 2025 was Rivernorth Capital Management, an estimated $8.71M added.
- The largest Carlyle Secured Lending seller in Q4 2025 was Creative Planning, an estimated $14.5M sold.
Based on aggregated 13F filings for Q4 2025.