Carlyle Secured Lending
CGBD
95 hedge funds and large institutions have $250M invested in Carlyle Secured Lending in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 16 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 23
2.71% less ownership
Funds ownership: 31.76% → 29.05% (-2.7%)
3% less funds holding
Funds holding: 98 → 95 (-3)
15% less capital invested
Capital invested by funds: $294M → $250M (-$43.8M)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
49% less call options, than puts
Call options by funds: $351K | Put options by funds: $691K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$10.2M |
| 2 |
Morgan Stanley
New York
|
+$3.98M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.31M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$1.14M |
| 5 |
Two Sigma Advisers
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
PagnatoKarp Partners
Reston,
Virginia
|
-$15M |
| 2 |
Millennium Management
New York
|
-$10.9M |
| 3 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
-$8.31M |
| 4 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$2.63M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$2.38M |
CGBD Hedge Fund Activity: Q3 2019 in Review
95 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q3 2019, worth a combined $250M — down 15% from $294M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CGBD and 13 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 31 added.
The largest buyer was Arrowstreet Capital, adding an estimated $10.2M. The largest seller was PagnatoKarp Partners, cutting an estimated $15M.
- 95 institutional investors held Carlyle Secured Lending (CGBD) as of Q3 2019, down from 98 in Q2 2019.
- Funds reported $250M of Carlyle Secured Lending stock for Q3 2019, down 15% quarter-over-quarter.
- 13 funds opened new Carlyle Secured Lending positions in Q3 2019 and 16 closed out, a net change of -3 holders.
- The largest Carlyle Secured Lending buyer in Q3 2019 was Arrowstreet Capital, an estimated $10.2M added.
- The largest Carlyle Secured Lending seller in Q3 2019 was PagnatoKarp Partners, an estimated $15M sold.
Based on aggregated 13F filings for Q3 2019.