Carlyle Secured Lending
CGBD
89 hedge funds and large institutions have $86.9M invested in Carlyle Secured Lending in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 28 reducing their positions, and 16 closing their positions.
19% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 16
1% more funds holding
Funds holding: 88 → 89 (+1)
1.56% less ownership
Funds ownership: 30.27% → 28.71% (-1.6%)
14% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 28
64% less capital invested
Capital invested by funds: $241M → $86.9M (-$154M)
80% less call options, than puts
Call options by funds: $17K | Put options by funds: $84K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$4.28M |
| 2 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
+$3.26M |
| 3 |
GI
Glovista Investments
Jersey City,
New Jersey
|
+$1.64M |
| 4 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$1.3M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.17M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$7.81M |
| 3 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$3.91M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.93M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.35M |
CGBD Hedge Fund Activity: Q1 2020 in Review
89 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q1 2020, worth a combined $86.9M — down 64% from $241M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CGBD positions and 16 closed out — a net gain of 3 holders — while 24 added to existing stakes and 28 trimmed.
The largest buyer was Sumitomo Mitsui Trust Group, opening a new position worth an estimated $4.28M. The largest seller was Morgan Stanley, cutting an estimated $9.17M.
- 89 institutional investors held Carlyle Secured Lending (CGBD) as of Q1 2020, up from 88 in Q4 2019.
- Funds reported $86.9M of Carlyle Secured Lending stock for Q1 2020, down 64% quarter-over-quarter.
- 19 funds opened new Carlyle Secured Lending positions in Q1 2020 and 16 closed out, a net change of +3 holders.
- The largest Carlyle Secured Lending buyer in Q1 2020 was Sumitomo Mitsui Trust Group, an estimated $4.28M added.
- The largest Carlyle Secured Lending seller in Q1 2020 was Morgan Stanley, an estimated $9.17M sold.
Based on aggregated 13F filings for Q1 2020.