Carlyle Secured Lending
CGBD
78 hedge funds and large institutions have $123M invested in Carlyle Secured Lending in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 24 reducing their positions, and 17 closing their positions.
1,516% more call options, than puts
Call options by funds: $792K | Put options by funds: $49K
4% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 24
3% less capital invested
Capital invested by funds: $127M → $123M (-$3.6M)
1.41% less ownership
Funds ownership: 25.97% → 24.56% (-1.4%)
5% less funds holding
Funds holding: 82 → 78 (-4)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$2.07M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.11M |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
+$983K |
| 4 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$879K |
| 5 |
Morgan Stanley
New York
|
+$655K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$4.68M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$2.74M |
| 3 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
-$2.22M |
| 4 |
Two Sigma Advisers
New York
|
-$1.12M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$698K |
CGBD Hedge Fund Activity: Q3 2020 in Review
78 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q3 2020, worth a combined $123M — down 2.8% from $127M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CGBD and 13 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 25 added.
The largest buyer was Callodine Capital Management, adding an estimated $2.07M. The largest seller was HighTower Advisors, cutting an estimated $4.68M.
- 78 institutional investors held Carlyle Secured Lending (CGBD) as of Q3 2020, down from 82 in Q2 2020.
- Funds reported $123M of Carlyle Secured Lending stock for Q3 2020, down 2.8% quarter-over-quarter.
- 13 funds opened new Carlyle Secured Lending positions in Q3 2020 and 17 closed out, a net change of -4 holders.
- The largest Carlyle Secured Lending buyer in Q3 2020 was Callodine Capital Management, an estimated $2.07M added.
- The largest Carlyle Secured Lending seller in Q3 2020 was HighTower Advisors, an estimated $4.68M sold.
Based on aggregated 13F filings for Q3 2020.