Carlyle Secured Lending
CGBD
82 hedge funds and large institutions have $127M invested in Carlyle Secured Lending in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 17 closing their positions.
96% more call options, than puts
Call options by funds: $141K | Put options by funds: $72K
46% more capital invested
Capital invested by funds: $86.8M → $127M (+$40.1M)
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
2.72% less ownership
Funds ownership: 28.7% → 25.97% (-2.7%)
8% less funds holding
Funds holding: 89 → 82 (-7)
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$3.07M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.7M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.29M |
| 4 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$1.29M |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
+$979K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$8.55M |
| 2 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
-$5.16M |
| 3 |
Morgan Stanley
New York
|
-$1.88M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.51M |
| 5 |
VEA
Virtus ETF Advisers
New York
|
-$1.42M |
CGBD Hedge Fund Activity: Q2 2020 in Review
82 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q2 2020, worth a combined $127M — up 46% from $86.8M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CGBD and 10 opened new positions — a net loss of 7 holders — while 24 trimmed existing stakes and 27 added.
The largest buyer was Callodine Capital Management, opening a new position worth an estimated $3.07M. The largest seller was HighTower Advisors, cutting an estimated $8.55M.
- 82 institutional investors held Carlyle Secured Lending (CGBD) as of Q2 2020, down from 89 in Q1 2020.
- Funds reported $127M of Carlyle Secured Lending stock for Q2 2020, up 46% quarter-over-quarter.
- 10 funds opened new Carlyle Secured Lending positions in Q2 2020 and 17 closed out, a net change of -7 holders.
- The largest Carlyle Secured Lending buyer in Q2 2020 was Callodine Capital Management, an estimated $3.07M added.
- The largest Carlyle Secured Lending seller in Q2 2020 was HighTower Advisors, an estimated $8.55M sold.
Based on aggregated 13F filings for Q2 2020.