Carlyle Secured Lending
CGBD
88 hedge funds and large institutions have $239M invested in Carlyle Secured Lending in 2019 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 23 reducing their positions, and 19 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 23
1.22% more ownership
Funds ownership: 29.05% → 30.27% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $250M → $239M (-$11M)
7% less funds holding
Funds holding: 95 → 88 (-7)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
99% less call options, than puts
Call options by funds: $1K | Put options by funds: $155K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$10.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$9.57M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.92M |
| 4 |
Millennium Management
New York
|
+$4.04M |
| 5 |
Two Sigma Advisers
New York
|
+$3.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
PagnatoKarp Partners
Reston,
Virginia
|
-$4.07M |
| 2 |
JP Morgan Chase
New York
|
-$2.76M |
| 3 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
-$2.75M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$2.47M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.21M |
CGBD Hedge Fund Activity: Q4 2019 in Review
88 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q4 2019, worth a combined $239M — down 4.4% from $250M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of CGBD and 14 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 29 added.
The largest buyer was Truist Financial, opening a new position worth an estimated $10.6M. The largest seller was PagnatoKarp Partners, cutting an estimated $4.07M.
- 88 institutional investors held Carlyle Secured Lending (CGBD) as of Q4 2019, down from 95 in Q3 2019.
- Funds reported $239M of Carlyle Secured Lending stock for Q4 2019, down 4.4% quarter-over-quarter.
- 14 funds opened new Carlyle Secured Lending positions in Q4 2019 and 19 closed out, a net change of -5 holders.
- The largest Carlyle Secured Lending buyer in Q4 2019 was Truist Financial, an estimated $10.6M added.
- The largest Carlyle Secured Lending seller in Q4 2019 was PagnatoKarp Partners, an estimated $4.07M sold.
Based on aggregated 13F filings for Q4 2019.