Carlyle Secured Lending
CGBD
90 hedge funds and large institutions have $236M invested in Carlyle Secured Lending in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 25 reducing their positions, and 17 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 25
10% more capital invested
Capital invested by funds: $215M → $236M (+$21.1M)
0% more funds holding
Funds holding: 90 → 90 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
1.22% less ownership
Funds ownership: 27.58% → 26.35% (-1.2%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $718K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.77M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$2.83M |
| 3 |
Millennium Management
New York
|
+$2.71M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.65M |
| 5 |
Morgan Stanley
New York
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Newport Trust Company
Washington,
District of Columbia
|
-$13.9M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$10.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.8M |
| 4 |
MC
Muzinich & Co
New York
|
-$2.03M |
| 5 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$1.9M |
CGBD Hedge Fund Activity: Q1 2019 in Review
90 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q1 2019, worth a combined $236M — up 9.8% from $215M a quarter earlier.
Fund positioning in CGBD was balanced in Q1 2019: 17 funds opened new positions, 17 closed out, 38 added to existing stakes and 25 trimmed.
The largest buyer was Bank of Montreal, opening a new position worth an estimated $3.77M. The largest seller was Newport Trust Company, cutting an estimated $13.9M.
- 90 institutional investors held Carlyle Secured Lending (CGBD) as of Q1 2019, unchanged from Q4 2018.
- Funds reported $236M of Carlyle Secured Lending stock for Q1 2019, up 9.8% quarter-over-quarter.
- 17 funds opened new Carlyle Secured Lending positions in Q1 2019 and 17 closed out, a net change of 0 holders.
- The largest Carlyle Secured Lending buyer in Q1 2019 was Bank of Montreal, an estimated $3.77M added.
- The largest Carlyle Secured Lending seller in Q1 2019 was Newport Trust Company, an estimated $13.9M sold.
Based on aggregated 13F filings for Q1 2019.