Carlyle Secured Lending
CGBD
104 hedge funds and large institutions have $154M invested in Carlyle Secured Lending in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 39 increasing their positions, 25 reducing their positions, and 23 closing their positions.
190% more call options, than puts
Call options by funds: $1.94M | Put options by funds: $670K
56% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 25
0.69% less ownership
Funds ownership: 22.85% → 22.17% (-0.69%)
5% less funds holding
Funds holding: 110 → 104 (-6)
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
18% less capital invested
Capital invested by funds: $187M → $154M (-$33.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$8.4M |
| 2 |
Morgan Stanley
New York
|
+$4.29M |
| 3 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
+$1.4M |
| 4 |
Neuberger Berman Group
New York
|
+$1.2M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$749K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$10.8M |
| 2 |
BlackRock
New York
|
-$2.66M |
| 3 |
HWM
HB Wealth Management
Atlanta,
Georgia
|
-$1.54M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.49M |
| 5 |
Two Sigma Investments
New York
|
-$1.3M |
CGBD Hedge Fund Activity: Q1 2023 in Review
104 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Carlyle Secured Lending (CGBD) for Q1 2023, worth a combined $154M — down 18% from $187M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CGBD and 19 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 39 added.
The largest buyer was LSV Asset Management, adding an estimated $8.4M. The largest seller was Millennium Management, cutting an estimated $10.8M.
- 104 institutional investors held Carlyle Secured Lending (CGBD) as of Q1 2023, down from 110 in Q4 2022.
- Funds reported $154M of Carlyle Secured Lending stock for Q1 2023, down 18% quarter-over-quarter.
- 19 funds opened new Carlyle Secured Lending positions in Q1 2023 and 23 closed out, a net change of -4 holders.
- The largest Carlyle Secured Lending buyer in Q1 2023 was LSV Asset Management, an estimated $8.4M added.
- The largest Carlyle Secured Lending seller in Q1 2023 was Millennium Management, an estimated $10.8M sold.
Based on aggregated 13F filings for Q1 2023.